South Korean lithium-ion (Li-ion) battery manufacturers surpassed their Japanese counterparts in terms of global market share for the first time last year. Li-ion batteries are equipped in IT products such as laptops and mobile phones, and Korean and Japanese companies dominate 74 percent of the global Li-ion battery market.
Korea’s Samsung SDI and LG Chem took a 39 percent share in the global Li-ion battery market last year and exceeded the combined market share of Japanese manufacturers on a yearly basis for the first time, according to a report of Japanese market researcher Techno Systems Research Monday. The two Korean companies’ combined market share was higher than that of their Japanese counterparts, Panasonic, Sony, and Hitachi, by four percentage points.
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