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South Korea Loses Global Battery Market Share to China, Falls to 37% From 44% in 2024

GateNews
Commodities
According to a seminar held at South Korea's National Assembly on July 10, Carnegie Endowment researcher Mylo McBride warned that South Korea is at risk of losing its position as the world's second-largest battery producer. In non-China markets, China's share surged to 50% in 2025 from 41% in 2024, while South Korea's fell to 37% from 44%, reversing the previous year's dominance. McBride attributed this to China's overwhelming production capacity and technological lead, particularly in sodium-ion battery development. He emphasized that South Korea and OECD members should prioritize cooperation in sodium-ion battery research, as it could become more cost-competitive than lithium-ion batteries while reducing dependence on critical minerals.
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