Korea, Japan and China competition heats up over rechargeable battery

The competition in the secondary cell battery industry has expanded from mobile devices to electric car, sparking the race for ‘rechargeable battery big bang.’ In the rapidly growing global secondary cell battery market, which expanded 96 percent last year, South Korea, Japan and China are more fiercely competing over attracting personnel, new technology, patents and others.

Since overtaking Japan for the first time in 2011, Korea grabbed the top market share in the global small lithium ion (Li-ion) battery segment of the global rechargeable battery market last year for the third year, said sources in the relevant sector Monday. Japan had been an uncontested top country with 51.1 percent market share in 2008, but the figure has continued to drop to reach 34.3 percent last year. China is the third biggest country with 18.3 percent market share.

Samsung SDI shipped the highest 1.1 billion cells of rechargeable batteries and took the top rank, and LG Chem the third highest 715 million cells. Panasonic retained the second place with 718 million cells, and Sony the fourth with 316 million cells.

For full article, see Maeil Business.

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