TOP 10 global power battery installations in January-February 2024, Korean battery companies perform well

Among the top 10 global (excluding China) power battery installations in January-February 2024, three Korean battery companies all entered the top 5. LGES ranked second in installed capacity, reaching 11.7GWh, a year-on-year increase of 22.3%. Samsung SDI and SK On ranked fourth and fifth, with installed capacities of 5.2GWh and 4.2GWh, and market shares of 11.2% and 9.1%, respectively. However, SK On experienced a year-on-year negative growth of -7.1%.