The faces of the world's biggest auto suppliers are changing — and fast.
As automakers race to roll out new electric vehicles to meet rising demand and government rules, battery manufacturers are rising on the Automotive News list of the world's largest auto suppliers.
The annual list, which ranks companies by global sales to automakers, for the first time features a number of major EV battery makers. CATL, of China, ranks No. 5 on the list, with estimated 2022 global automotive revenue of $33.5 billion.
Companies such as CATL, a manufacturing giant, and Samsung SDI of South Korea (estimated 2022 global automotive revenue of $15.62 billion), have been around for years, producing thick portfolios of consumer and industrial goods. But the awakening of the EV market in China, the U.S. and Europe is now boosting their automotive business.
The list of top suppliers this year reflects a rapidly changing automotive supply chain, as relative newcomers an…