Panasonic Super Battery Plant Resumes Production, Q1 Global Share 25.7%

- May 20, 2020-

Panasonic has resumed its Gigafactory1 production line at the Nevada Super Factory in the United States. However, there are no plans to resume production at Tesla's solar panel plant in Buffalo, New York, this weekend.

Previously, Panasonic announced that due to the impact of the epidemic, it decided to close the super battery plant from March 23, and subsequently, Tesla also announced that it will suspend production at the Fremont assembly plant from March 24.

After Tesla imported LG chemical power batteries at its Shanghai plant, it began to nibble at Panasonic's market share.

In the first quarter of 2020, the global installed capacity of power batteries was 20.4GWh, a year-on-year decrease of 14.2%. Among them, Panasonic installed 5.2GWh, with a market share of 25.7%, ranking second in the world.

LG Chem surpassed Panasonic as the number one company, which mainly benefited from the significant growth of European electric vehicles in the first quarter and its support for Tesla in China. One.

But obviously, this is not the final pattern in 2020. At present, the United States is still in the epidemic, Europe has also retreated from the rapid growth of the market in the first quarter, and China's electric vehicle market has clearly recovered in April.

This largely means that Ningde Times will regain the top position in the next three quarters.