Battery anode material loading increased 21% from January to September… Markets outside of China are up 29%
Continued expansion centered on Chinese mid-tier companies; Korea’s POSCO Future M decreased by 5.0% to 10th place
Quick Look
- According to a survey by SNE Research, global electric vehicle battery anode material loading from January to September this year increased by 21.1% compared to the same period last year, reaching 1.202 million tons.
- The global market excluding China increased by 28.8%, expanding its share to 39.6%, and growth centered on Chinese mid-tier companies continued.
- Korea's POSCO Future M ranked 10th with 16,000 tons, a 5.0% decrease.
AI-generated summary
Why It Matters
From January to September this year, the global electric vehicle battery anode material market continued to grow steadily, centered on the global market excluding China. According to SNE Research, the amount of battery anode material installed in electric vehicles worldwide was 1.202 million tons, an increase of 21.1% compared to the same period last year.
From January to September this year, the global electric vehicle battery cathode material market continued to grow steadily, centered on the global market excluding China.
According to SNE Research, an energy market research company, on the 9th, the amount of battery anode materials installed in electric vehicles around the world from January to September was 1.202 million tons, an increase of 21.1% compared to the same period last year.
During the same period, the loading of cathode materials in the global market excluding China increased by 28.8% to 476,000 tons. The proportion of total cargo volume increased by 2.3 percentage points from 37.3% to 39.6% in the same period last year.
By supplier, Chinese BTR maintained first place, increasing 22.4% to 247,000 tons. China's Shanshan remained in second place, increasing only 6.8% to 234,000 tons. The combined market share of the two companies was 40.0%, lower than 42.4% in the same period last year, while the market share of mid-tier companies increased at a high rate.
Xiangtai (3rd) increased by 29.6% to 143,000 tons, and Kaijin (4th) increased by 30.0% to 135,000 tons. Shinjum (5th) grew by 50.5% to 107,000 tons, recording the highest growth rate among major companies.
Korea's POSCO Future M ranked 10th, decreasing by 5.0% to 16,000 tons.
SNE Research said, "The export control of artificial graphite anode materials and related equipment and technology announced by China in October of last year has been suspended until November 10 of this year, and the demand for traceability management at the material level is expected to increase in accordance with the EU battery passport system that will be implemented in February next year." He added, "The ability to stably produce and supply products that meet regional supply chain requirements will become important."
What to Watch
AI outlook — possibilities, not facts
The global battery anode material market share of mid-tier Chinese companies will continue to expand.
Likely · Within months
With the implementation of the EU battery passport system, the demand for material stage history management will increase.
Very likely · Within months
Open Questions
- What will be the impact on the market after China's export control moratorium expires?
- What is the cause of POSCO Future M’s load reduction and recovery plan?
- How will Korean companies respond to the implementation of the EU battery passport system?
