# U.S. tax credit

China Tightens Grip on Global EV Battery Market as Korean Suppliers Lose Ground

January 2026 SNE Research data show EV deliveries fell 2.1% year‑on‑year while installed battery capacity grew 10.7%, driven by larger packs and premium models. Chinese battery makers expanded their lead to 73.3% of global installed capacity, while South Korea’s top three suppliers slipped amid a sharp North American market slowdown following U.S. policy changes.