Seoul, Aug 4 (NationPress) South Korean battery manufacturers experienced a notable decline in their overall global market share during the first half of the year compared to the previous year, despite an increase in global electric vehicle (EV) battery usage, as reported on Monday.

Data from energy market tracker SNE Research indicated that global battery consumption for EVs, plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs) reached 504.4 gigawatt-hours (GWh) from January to June, reflecting a 37.3 percent rise over the same time last year, according to Yonhap news agency.

The collective market share of LG Energy Solution Ltd., SK On Co., and Samsung SDI Co. decreased by 5.4 percentage points, landing at 16.4 percent for the first half of the year.

LG Energy Solution held onto its third place position, with 47.2 GWh of batteries utilized, marking a 4.4 percent increase year-on-year, which corresponds to 9.4 percent of the global market. SK On took the fifth spot with 19.6 GWh, reflecting a 10.7 percent growth, representing 3.9 percent of the global market.

Conversely, Samsung SDI's battery usage saw an 8 percent decline to 16 GWh, with its market share dropping from 4.7 percent to 3.2 percent. This reduction was primarily due to a decrease in battery demand from Europe and North America.

Chinese battery manufacturers, on the other hand, continued to gain market share, aided by their strong price competitiveness. China's CATL remained the global leader, achieving 190.9 GWh in battery usage alongside a 37.9 percent market share.

SNE Research highlighted that the global battery market is currently experiencing swift supply chain restructuring and increasing regulatory pressures in the U.S. and Europe, prompting industry players to enhance their technological capabilities and flexible sourcing strategies.

Recently, South Korea's three leading battery manufacturers unveiled their innovative battery solutions at InterBattery 2025, the country's top battery industry exhibition, as they gear up for the forthcoming era of electric vehicles (EVs) following the current slowdown.

LG Energy Solution Ltd. (LGES), the largest battery producer in the country, introduced its new series of 46-millimeter diameter, cylindrical EV battery cells at the three-day exhibition, which runs through Friday in southern Seoul.

Among the new offerings, the 4680 cylindrical model, measuring 80mm in length, is anticipated to garner significant attention, particularly since U.S. EV manufacturer Tesla Inc. announced in 2020 that it plans to incorporate this product in its future vehicles.