In the first three quarters, global battery power vehicle installations approached 10,000 terawatt-hours: One of the top 10 companies failed to make the list, while two others rose by three positions!

On November 2nd, the South Korean research institute SNE Research released the latest vehicle installation data. In the first three quarters of 2026, the global total installed capacity of battery power cells reached 994.5 GWh, an increase of 19.7% compared to the 830.7 GWh in the same period last year.

Among them, the single-month installation volume in September reached 145.1 GWh, setting a new historical monthly record, with a year-on-year growth of 15.8%. Against the backdrop of the continuous expansion of the global market, the competitive landscape in the battery power cell industry is undergoing a severe differentiation. Chinese-funded battery companies are continuing to rise, while the giants from Japan and South Korea are collectively under pressure.

From the perspective of year-on-year changes in production volume, among the top 10 global battery cell manufacturers in terms of production volume in the first three quarters of 2026, SK On and Panasonic both experienced a decline in production volume, with a decrease of 18.1% and 0.8% respectively. The remaining 8 battery companies all achieved year-on-year growth. Among them, Ruipul Lanjun continued to achieve a three-digit growth rate in the first three quarters, reaching 118.7%. Ruipul Lanjun was also the only company among the top 10 with a doubled growth rate.

From the perspective of market share, compared with the same period in 2025, among the top 10 global battery cell manufacturers in terms of production volume in the first three quarters of 2026, CATL, Goxuan Gaoke, Sinovation, Yiliu Liangneng, Hehe Energy, and Ruipul Lanjun achieved year-on-year positive growth, while BYD, LGES, Panasonic, and SK On experienced varying degrees of decline.

From the perspective of ranking changes, compared with the first 8 months of 2026, among the top 10 global battery cell manufacturers in terms of production volume in the first three quarters, Goxuan Gaoke and Sinovation swapped positions, Yiliu Liangneng and Panasonic swapped positions, ranking 4th to 7th respectively; the rankings of the remaining 6 battery companies did not change.

Compared with the same period last year, in the top 10 global battery cell manufacturers in terms of production volume in the first three quarters of 2026, except for the top 3 companies, which remained unchanged, still being CATL, BYD, LGES, and Sinovation, the other companies showed significant changes:

Thanks to the dual drive of the new energy vehicle and energy storage markets, some Chinese enterprises have demonstrated astonishing growth momentum. Among them, Ruipul Lanjun and Yiliu Liangneng led the growth rate ranking, with their rankings rising by 3 places each. Specifically, Goxuan Gaoke's ranking rose from the 7th place last year to the 4th place, and Yiliu Liangneng rose from the 9th place to the 6th place.

Sinovation and Panasonic's rankings dropped by one place each, ranking 5th and 7th respectively; SK On dropped from the 5th place to the 8th place; Hehe Energy rose by one place, rising from the 10th place to the 9th place.

In addition, compared with the same period last year, Ruipul Lanjun was newly listed, ranking 10th, and Xinhuaanda's production volume was 23GWh, with a gap of 1.2GWh between the two, while the original 8th-place Samsung SDI dropped out of the top 10 ranks.

From the perspective of the competitive landscape, the global battery cell market as a whole maintains an expansion trend, but the competitive landscape among companies is further differentiating. Chinese battery companies have performed particularly well.

In terms of Chinese companies, among the top 10 global battery cell manufacturers in terms of production volume in the first three quarters of 2026, 7 Chinese companies (CATL, BYD, Goxuan Gaoke, Sinovation, Yiliu Liangneng, Hehe Energy, and Ruipul Lanjun) accounted for 73% of the market share, with a 3.6 percentage point increase in the year-on-year growth rate.

Specifically, as the absolute leader in the global battery cell industry, CATL performed strongly in the first three quarters of 2026: its market share reached 39.1%, up 1.6 percentage points year-on-year, with 389.2GWh of production volume, maintaining the top position globally, and growing by 24.9%.

BYD's market share dropped to 15.2%, but still ranked 2nd, with a production volume of 150.9GWh, growing by 7.4%, and together with CATL, they occupied more than 54% of the global market share. The discourse power of the Chinese battery industry in the global supply chain has been further strengthened.

Goxuan Gaoke had a production volume of 50.3GWh, ranking 4th, with a 48.1% year-on-year growth rate, and a market share of 5.1%.

Sinovation had a production volume of 50.1GWh, ranking 5th, with a 27.1% year-on-year growth rate, and a market share of 5.0%.

Yiliu Liangneng had a production volume of 36.0GWh, ranking 6th, with a 60.4% year-on-year growth rate, and a market share of 3.6%.

Hive Energy ranked 9th with a vehicle shipment volume of 25.7 GWh, showing a year-on-year growth of 37.9% and a market share of 2.6%.

Ruipulanju ranked 10th with a vehicle shipment volume of 24.2 GWh, experiencing a year-on-year growth of 118.7% and becoming the fastest-growing dark horse on the list. Its market share was 2.4%.

Unlike most Chinese enterprises that experienced explosive growth in double-digit or even triple-digit rates, the leading battery companies from Japan and South Korea showed significantly weaker market performance in the first three quarters of 2026. Faced with the growth bottleneck in the battery power sector, these Japanese and South Korean companies are forced to seek a second growth curve.

In terms of Korean companies, Samsung SDI has dropped out of the TOP10 list, while the combined vehicle shipment volume of the remaining two Korean battery companies, LGES and SK On, was 110.2 GWh, with a global market share shrinking from 14% in the same period last year to 11%.

Among them, LGES had a vehicle shipment volume of 81.9 GWh, ranking 3rd, but its year-on-year growth rate was only 0.7%; the company continued to supply goods to major automotive manufacturers such as Tesla, General Motors, Hyundai Motor Group, and Volkswagen, but the market growth rate significantly declined. LGES has begun to vigorously expand the energy storage market, planning to add a 50 GWh above capacity in North America by the end of this year, and will add a square-shaped line to ensure that the ESS capacity reaches over 70 GWh by the end of next year. In Europe, the company's Polish factory has transformed part of the electric vehicle production line into an ESS production line.

SK On ranked 8th with a vehicle shipment volume of only 28.3 GWh, experiencing a year-on-year decline of 18.1%, and its market share further dropped to 2.8%. SK On is actively exploring additional growth markets beyond battery power, and part of its Georgia factory has been transformed into an LFP production line for ESS, and it has collaborated with an American ESS company to build a 9 GWh factory.

Japanese Panasonic's vehicle shipment volume decreased by 0.8% to 35.6 GWh, dropping one position to 7th place. Its market share also decreased by 0.7%, from 4.3% to 3.6%. Due to Panasonic's customer base mainly being concentrated on Tesla, the sales volume in North America determines the performance. Panasonic is formulating a plan to stabilize production at the Kansas factory and has redirected some battery production lines to produce batteries for artificial intelligence data centers.

Data from the China Automotive Battery Industry Innovation Alliance shows that in the first three quarters of 2026, the cumulative vehicle shipment volume of domestic battery power was 576.3 GWh, with a cumulative year-on-year growth of 16.7%. There were a total of 41 battery power companies in the Chinese new energy vehicle market that achieved vehicle shipment support, with 9 fewer companies than the same period last year. The vehicle shipment volumes of the top 2, 5, and 10 battery power companies were 360.1 GWh, 463.0 GWh, and 540.7 GWh, respectively, accounting for 62.5%, 80.3%, and 93.8% of the total vehicle shipment volume, and the proportion of the top 10 companies decreased by 0.5 percentage points compared to the same period last year.

In terms of domestic rankings, compared with the same period in 2025, in the first three quarters of this year, the top 5 companies, CATL, BYD, Sinovation Energy, Goxuan High-tech, and Yiliu Lithium Energy, remained unchanged; Ruipulanju rose from 8th to 6th; Xinhuaanda dropped one position to 7th; Zhengli Xineng rose one position to 8th; Jiuyao Xinghang rose one position to 9th; Hive Energy dropped from 7th to 10th; LG New Energy, In湃 Battery， Chueng Energy New Energy ranked 11th to 13th， remaining unchanged； Yuanhang Jinli remained unchanged， ranking 15th； Juwan Technology Research replaced Dulifudi New Energy to be listed， ranking 14th.