Business
Samsung SDI and LG Energy Solution reportedly completed development of 4680 cell samples
Samsung SDI and LG Energy Solution have completed the development of “4680” large battery cells, the first of which was launched by Tesla last year, in an apparent to win contracts from a global automotive leader.
In April, it was reported that Samsung SDI and Hyundai Motor combined the next generation cylindrical cells, larger than 2170 cells but smaller than 4680 cells, designed exclusively for future hybrid electric car models.
Industry officials say there is room for Samsung SDI to join Tesla’s existing battery cell providers – LG Energy Solution, Panasonic, and CATL given that CATL does not make cylindrical battery cells. Samsung SDI is currently planning to build its first battery plant in the US. Protecting Tesla’s 4680 cell orders could add momentum to their expansion plan.
Join Sammy Fans on Telegram
In September 2020, LG Energy Solution announced that it would invest more than 5 trillion won($ 4.37 billion) and build at least two new US battery cells by 2025 to produce bag and cylindrical bags and cells for energy storage systems.
On the other hand, ILG Energy Solution currently supplies 2170 cells to Tesla Model 3 and Model Y vehicles made in China. LG Energy Solution has not yet received a formal agreement to produce Tesla’s 4680 cells so it is unclear whether the company will play a major role in supplying Tesla cells outside of China.
Although Tesla has not officially issued 4680 cell production orders to its battery cell suppliers, Panasonic – Tesla’s former battery partner is preparing to produce 4680 cells.
The CEO did not specify the potential investment size, but billions of dollars are required to utilize a large amount of battery cell production, such as dozen gigawatt hours per year.
Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
// Source
In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
Follow our socials → Google News | Telegram | X/Twitter | Facebook | WhatsApp
The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.