Between January and August 2026, seven Chinese manufacturers supplied batteries for nearly three out of every four electrified vehicles sold globally. This includes fully electric cars, plug-in hybrids, and hybrids. The three major South Korean battery producers are losing market share, and no European or American companies are in the top 10. This trend has been developing for several years, as the global battery market continues to expand. In the first eight months of 2026, the total battery capacity installed in electrified vehicles reached 844.2 gigawatt-hours (GWh), a 20% increase compared to the same period in 2025. However, the growth is not evenly distributed across all manufacturers. The seven Chinese companies in the top 10 collectively accounted for 73.3% of the global battery market in the first eight months of 2026, up from 69.7% the previous year. This increase of 3.6 percentage points comes at the expense of other manufacturers. The three South Korean companies, which previously held 16.6% of the market, now account for only 12.7%. With the combined share of the seven Chinese and three South Korean companies reaching 100%, no European, American, or Japanese companies are in the top 10. Among the Chinese companies, **CATL** remains the market leader, delivering 333 GWh of batteries during the period, a 25% increase compared to the previous year. Its market share rose from 37.7% to 39.4%, meaning nearly 4 out of every 10 batteries installed in electrified vehicles come from its factories. **BYD**, the second-largest battery manufacturer, delivered 127.9 GWh during the same period, but its growth was slower than the market average, with only a 6.2% increase. Its market share dropped from 17.1% to 15.1%, partly due to a decline in its own electric vehicle sales in China, where it uses much of its battery production. However, its exports outside China grew significantly, with battery use abroad increasing by 66.5%. **CATL** and **BYD** together account for 54.6% of the global battery market. Other Chinese manufacturers, such as **CALB**, **Gotion**, **EVE**, **SVOLT**, and **REPT**, are also growing rapidly, with REPT’s growth reaching 126.3%. These companies are benefiting from the increasing demand for lithium-iron-phosphate (LFP) batteries, which are more affordable and are experiencing strong growth. The share of Chinese manufacturers in this segment rose from 52.2% to 57.3% in one year. The South Korean battery companies are struggling to keep up. **LG Energy Solution** maintained third place with 68.3 GWh, but its growth was minimal, with only a 0.9% increase. Its market share fell from 9.6% to 8.1%. **SK On** also saw a decline, with its share dropping from 4.1% to 2.9%. Meanwhile, regional differences are evident: the European battery market grew by 29.2%, outpacing the 16.9% growth in China, while the North American market declined by 23.7%. Despite the European market’s growth, no European companies are in the top 10. A car assembled in Europe, with an European, American, or Japanese brand, may still have one of its most expensive and strategic components—its battery—produced by a Chinese manufacturer.