Top 15 Lithium-Ion Battery Manufacturers

The global lithium-ion battery market reached US$ 51.0 Billion in . The market is primarily driven by the rising product applications across numerous industries due to the enhanced energy density, lightweight, environment-friendly nature, long operating life, and high-power capacity of lithium-ion batteries. Additionally, the escalating sales of electric vehicles (EVs) that employ Li-ion batteries as energy storage devices for powering EVs owing to their energy efficiency and longer life cycle have catalyzed the market growth. Moreover, the growing utilization of consumer electronics, including smartphones, tablets, laptops, wearables, and digital cameras, has augmented product demand. Besides this, governments of various countries are taking favorable initiatives to encourage the uptake of EVs to reduce the consumption of fossil fuels and control pollution levels. This, coupled with the increasing adoption of li-ion batteries for sustainable energy distribution and extensive investments in the renewable energy sector, is driving the market toward growth. 

Energyland supply professional and honest service.

As per the analysis by IMARC Group, the top lithium-ion battery companies are focusing on developing and designing technologically advanced product variants. They are also making heavy investments in research and development (R&D) activities to introduce miniaturized lithium-ion batteries with improved efficiency. Furthermore, continual product innovations by leading players, such as the launch of nanobot tungsten lithium batteries, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market value to reach US$ 139.6 Billion by , growing at a CAGR of 11.5% during -.

Learn about opportunities, challenges, and trends in the global lithium-ion battery Manufacturing market with IMARC&#;s market research report. Try a free sample today!

List of Top Companies Operating in the Lithium-Ion Battery Manufacturing Industry Worldwide

The global lithium-ion battery market has several major players, including A123 Systems LLC, Envision AESC Limited, LG Chem Ltd., Panasonic Corporation, SAMSUNG SDI Co., Ltd., Toshiba Corporation, Amperex Technology Limited, BAK Group, Blue Energy Limited, BYD Company Ltd., CBAK Energy Technology, Inc., Tianjin Lishen Battery Joint-Stock CO., LTD. Lithion Battery Inc., SK innovation Co., Ltd, and Hitachi, Ltd. More information about these companies has been provided below. 

1. A123 Systems LLC

Establishment:

Headquarters:

Michigan, United States

Website:

http://www.a123systems.com/ 

A123 Systems LLC is a global leader in lithium-ion energy storage solutions that manufactures nano phosphate lithium iron phosphate batteries and energy storage systems. It is a subsidiary of Wanxiang America Corporation that specializes in low-voltage battery production, starter batteries, and 48V systems, offering excellent brake energy recuperation and an extended life cycle. Currently, the company is focused on developing a diverse portfolio of solutions for fully electrified vehicles to meet existing and future market demands.

2. Envision AESC Limited

Establishment:

Headquarters:

Zama City, Japan

Website:

https://www.envision-aesc.com/en/

Envision AESC Limited is a leading global battery technology company that develops, manufactures, and markets lithium-ion batteries for automotive applications. It has a broad product portfolio comprising lithium-ion cells, modules, laminated cells, lithium manganese batteries, and battery packs. The company mainly offers lithium-ion cells, 4-cell modules, and 48-module packs of high-energy batteries for electric vehicle (EV) applications and lithium-ion cells, 8-cell modules, and 12-module packs of high energy batteries for hybrid electric vehicle (HEV) applications.

3. LG Chem Ltd.

Establishment:

Headquarters:

Seoul, South Korea

Website:

https://lgchem.com/ 

LG Chem Ltd. is a leading science-oriented corporation and chemical company that offers the world&#;s most advanced batteries. It has continuously achieved growth through relentless challenges and innovations since its establishment. It has a diversified, balanced, and globally competitive business portfolio comprising petrochemicals, advanced materials, life sciences, and subsidiaries specializing in batteries. Under Advanced Materials, the company develops top-quality materials for rechargeable batteries, the IT industry, and the automotive industry. 

4. Panasonic Corporation 

Establishment:

Headquarters:

Kadoma, Japan

Website:

https://www.panasonic.com/ 

Panasonic Corporation is a global leader in the development of diverse electronics technologies and solutions. It produces, markets, and sells a range of lithium-ion batteries to meet the growing requirements of consumers, such as the main battery for small devices and a backup battery for emergencies. With its unique technologies, the company has made the batteries thinner and lighter for use in a wide variety of devices, such as notebook computers, laptops, and mobile phones. These batteries also find extensive use in EVs, backup base stations for mobile telephones, electricity storage systems with solar power generation, and other industrial applications.

5. SAMSUNG SDI Co., Ltd. 

Establishment:

Headquarters:

Yongin-Si, South Korea

Website:

https://www.samsungsdi.com/index.html 

SAMSUNG SDI Co., Ltd. specializes in the development of batteries across the globe. The company primarily operates via three segments: chemicals, electronic materials, and energy. It offers a wide range of small-sized lithium-ion batteries used in a variety of consumer electronics, including laptops, tablets, mobile phones, wearable devices, power banks, power tools, garden tools, vacuum cleaners, e-bikes, e-scooters, and ignition products.

6. Toshiba Corporation 

Establishment:

Headquarters:

Tokyo, Japan

Website:

https://www.global.toshiba/ww/top.html 

Toshiba Corporation is a leading manufacturer of electronic devices and products across the globe. It offers infrastructure-as-a-service systems, including power, transmission and distribution, industrial, railway transportation, security and automation, broadcasting and network, photovoltaic, water and environmental, building, and POS systems. The company also develops, produces, and sells the &#;SCiB&#;,&#; a rechargeable lithium-ion battery that is highly safe, has a prolonged lifetime, recharges fast, and operates in low temperatures. The SCiB&#; is employed in numerous fields, such as automobiles, railways, industrial equipment, including automated guided vehicles, and even in large-scale stationary power storage systems. Toshiba produces high-energy and high-powered batteries at the Kashiwazaki Operations in Niigata Prefecture in Japan.

7. Amperex Technology Limited 

Establishment:

Headquarters:

Tsuen Wan, Hong Kong

Website:

https://www.atlbattery.com/en/index.html 

Amperex Technology Limited is a worldwide leader in the production and innovation of lithium-ion batteries. It offers high-quality rechargeable lithium-ion battery cells, packs, and system integration solutions and is committed to delivering advanced technologies, production capacities, and high-quality services. The company works closely with world-renowned brands of smartphones, battery chargers, tablets and notebook OEMs, drones, robots, and power tools specialists, VR/AR vanguards, and other wearable and smart technologies, helping the world connect better. 

8. BAK Group 

Establishment:

Headquarters:

Guangdong, China

Website:

https://bakgroup.net/ 

BAK Group offers innovative solutions to companies and clients in various sectors, including technology, security, business training, and construction. In addition, the company has ventured into a new energy enterprise with lithium-ion batteries, EVs, and battery recycling as its main business lines. It owns upstream and downstream industry clusters in China that comprise research and development (R&D), production, and sales of lithium batteries and EVs, such as Shenzhen BAK Power and Zhengzhou BAK Battery.

9. Blue Energy Co., Ltd.

Establishment:

Headquarters:

Fukuchiyama, Japan

Website:

https://www.blue-energy.co.jp/en/ 

Blue Energy Co., Ltd. is a subsidiary of GS Yuasa Corporation that specializes in the manufacturing, sales, and research and development of high-performance lithium-ion batteries. The company also offers EH4 cells and civic hybrid carried EH4 battery systems. Moreover, Blue Energy is one of the world&#;s top and most advanced manufacturers in terms of full-scale production and vehicle-mounted quantity in the field of lithium-ion batteries for HEV.

10. BYD Company Ltd. 

Establishment:

Headquarters:

Shenzhen, China 

Website:

https://en.byd.com/ 

BYD Company Ltd. manufactures and sells rechargeable batteries, including NiMH, lithium-ion, and NCM batteries. The company mainly serves the electronics, automobiles, new energy, and rail transit industries and has established over 30 industrial parks across six continents globally. From energy generation and storage to its applications, BYD offers zero-emission energy solutions.

11. CBAK Energy Technology, Inc.

Establishment:

Related articles:
What will you cost for install Solar Roof Tile China
Solar Power Advantages and Disadvantages
How to Select the Right Crossflow Cooling Tower?
How to Choose the Best FRP Cooling Tower for Your Needs?
Lithium-Ion Battery Energy Storage Systems (BESS) Risks
How Does an Industrial Odor Eliminator Machine Work?
What is a lithium battery used for?

Are you interested in learning more about lithium ion battery manufacturer? Contact us today to secure an expert consultation!

Headquarters:

Guangdong, China

Website:

https://en.cbak.com.cn/ 

CBAK Energy Technology, Inc. is a leading high-tech company involved in the development, manufacturing, and sales of new energy high-power lithium batteries. It has a broad product portfolio comprising the LFP, NMC, high-rate, all-tab, and ultra-low temperature series. The company offers a range of battery solutions for light electric vehicles, electric vehicles, communications, consumer electronics, energy storage, electric tools, uninterruptible power supply (UPS), and smart applications. It is also the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market.

12. Tianjin Lishen Battery Joint-Stock CO., LTD. 

Establishment:

Headquarters:

Tianjin, China

Website:

http://en.lishen.com.cn/ 

Tianjin Lishen Battery Joint-Stock CO., LTD. is a high-tech enterprise offering total energy solutions, including six product categories for a wide range of applications, including customer electronics, new energy transportation, and energy storage systems. Its extensive product portfolio consists of cylindrical batteries, prismatic batteries, power batteries, polymer batteries, photovoltaic, ultra-capacitor, and nearly a thousand models. With independent intellectual property rights and core technology and holding over 1,800 patents, Lishen Battery has become a world-class domestic leader in lithium-ion battery manufacturing. 

13. Lithion Battery Inc. 

Establishment:

Headquarters:

Texas, the United States

Website:

https://www.lithionbattery.com/ 

Lithion Battery Inc. is a vertically integrated manufacturer of primary and secondary battery cells, rechargeable and non-rechargeable battery packs, and battery modules. The company boasts a full range of in-house engineering, design, and testing capabilities &#; offering one-stop, comprehensive energy and power solutions. It provides highly differentiated lithium iron phosphate and lithium-ion battery cells, modules, and battery packs. The company&#;s power and energy-optimized battery solutions serve a variety of critical applications and meet the requirements of numerous markets, including battery energy storage, UPS, marine, military/defense, commercial electric vehicles, materials handling, industrial, medical, and robotics.

14. SK Innovation Co., Ltd

Establishment:

Headquarters:

Seoul, South Korea

Website:

https://www.skinnovation.com/ 

SK Innovation Co., Ltd is a leading global intermediate holding company in the field of energy, petrochemical, e-mobility battery, and information electronic materials businesses. It mainly operates through 6 subsidiaries: SK Energy, SK Geocentric, SK Lubricants, SK Incheon Petrochem, SK Trading International, and SK IE Technology. The company manufactures lithium-ion batteries for automobiles and ESS (Energy Storage System). It also produces LiBS, a core material for lithium-ion batteries, and FCW (Flexible Cover Window), a key material to replace glass in flexible displays.

15. Hitachi, Ltd

Establishment:

Headquarters:

Tokyo, Japan

Website:

https://www.hitachi.com/ 

Hitachi, Ltd is a Japanese multinational corporation that offers a wide range of products and solutions under digital systems & services, green energy & mobility, connective industries, and automotive systems business. It develops lithium-ion batteries with long service life, high output, energy density, and reliability, that has been adopted as the battery for eco-friendly cars due to their distinctive feature of better charging efficiency than the Nickel-metal hydride battery and memory-effect-free performance. At present, the company is focusing on manufacturing batteries for extended operating life, high durability, safety, and low cost for automotive applications in hybrid electric small-sized trucks, buses, and hybrid railway motorcars.

About Author:

Aditi Kumar

Senior Content Writer at IMARC Services Private Limited

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.

Electric vehicles (EVs) are upending the status quo of internal combustion vehicles (ICE), just like ICE vehicles once displaced the horse-drawn carriage. Fueling this shift to electric power requires next-generation battery technology and an ample supply of lithium, the key raw material for lithium-ion batteries.

While many people may be familiar with EV pioneer Tesla, there is an entire ecosystem of battery producers and lithium mining firms that are playing critical roles in this transformation. At a high level, the industry&#;s ecosystem starts upstream with lithium miners that extract the metal from the earth. These raw materials then move into the chemical conversion process to produce lithium carbonate or lithium hydroxide. Battery producers combine carbonate or hydroxide with materials to form a cathode and an anode, together forming an individual battery cell. Thousands of cells may be combined to create a battery pack for an EV.

In this piece, we highlight four companies that represent key players in this ecosystem:

• Ganfeng Lithium: A leading Chinese lithium mining company that has evolved into refining and processing lithium, battery manufacturing, and recycling.
• Panasonic: A top-3 global EV battery manufacturer from Japan.
• Livent: A top-5 lithium producer from the US.
• Contemporary Amperex Technology Limited (CATL): A top-3 EV battery manufacturer from China.

Ganfeng Lithium: A Vertically Integrated Lithium Producer

Ganfeng Lithium along with Albemarle, SQM, Tianqi Lithium, and Livent control more than 70% of the world&#;s lithium supply. Established in , Ganfeng is the third-largest lithium compound producer in the world and the leading producer in China. The company is unique because it covers a wide swath of the lithium-ion battery supply chain, including lithium resource development, refining & processing (75% of total revenue), battery manufacturing (17% of total revenue), and battery recycling & other (8% of total revenue).1

Ganfeng has a broad international footprint with lithium operations in Australia, Argentina, Mexico, and Ireland, in addition to its resources throughout China. Mount Marion in Western Australia is Ganfeng&#;s primary source of lithium. Different locations require unique approaches to efficient lithium extraction. In Australia the company uses hard rock lithium extraction processes.2 In Argentina, Ganfeng extracts lithium via a brine process as is common in Latin America&#;s Lithium Triangle (Argentina, Bolivia and Chile). In Mexico, the company is exploring new lithium clay extraction methods with an expected production start in .3

The company boasts long-term supply contracts with major battery producers and OEMs like Tesla, Panasonic, LG Chem, Volkswagen, Samsung, and, recently, BMW. Helped by the predictability of these contracts, Ganfeng expects to double its capacity from 100,000 metric tons in to 200,000 by .4 Given the growth potential of EV sales, OEMs and battery producers are likely going to enter additional offtake agreements to secure access to lithium. This surging demand should help companies like Ganfeng secure long-term contracts at higher prices.

Ganfeng is also focused on growing its lithium hydroxide production and sales. Lithium hydroxide is better suited than lithium carbonate for the next generation of EV battery technology. Batteries with NMC 811 cathodes and other nickel-rich batteries, require lithium hydroxide.5 By , the company expects to produce and sell 50,000&#;60,000 metric tons of lithium hydroxide and 20,000&#;30,000 metric tons of lithium carbonate.6

Panasonic: Tesla&#;s Longtime Partner

With more than 100 years of history, Japan&#;s Panasonic is the world&#;s third-largest supplier of EV batteries.7 The company is considered a Tier 1 lithium-ion battery producer according to Benchmark Mineral&#;s classification standards.8 The designation means that the company produces the highest-quality lithium-ion batteries, for automotive uses.

Panasonic&#;s efforts in the EV supply chain are well known, particularly through its relationship with Tesla. In , Panasonic and Tesla partnered to build Giga Nevada, the world&#;s largest lithium-ion battery factory. Recently, Panasonic started working on Tesla&#;s featured battery cell called .9 The new format is expected to store more energy and have an easier manufacturing process, two keys to further reducing battery costs. Currently, a battery represents approximately 29% of the total cost of an EV.10 As EV manufacturers seek to gain market share from ICE vehicles, reducing battery costs is critical.

To date, Panasonic is the sole provider of lithium-ion batteries to Tesla for EVs manufactured in the U.S. But Panasonic is also expanding its EV battery customer base beyond Tesla. The company recently partnered with Toyota to build a lithium-ion plant in Japan to supply 500,000 EVs starting in .11

Livent: Focused on Lithium for the Next Generation of Batteries

Livent, which was spun out of FMC Corporation in , is a Philadelphia-based company with a lithium history that dates back to the s. Compared to the other large Western players, namely Albemarle and SQM, which own and operate some non-lithium businesses, Livent is a pure-play company focused only on lithium.

Livent operates one of the lowest-cost lithium mineral deposits in the world, the Salar del Hombre Muerto in Argentina. The company&#;s operations sit at the low end of the global cost curve to produce lithium carbonate. Yet, the company&#;s strategy is to focus on lithium hydroxide. As such, it is important to note that brine-based raw materials like these require a two-step process to get to lithium hydroxide: a conversion into lithium carbonate first and then a conversion into lithium hydroxide. This extra step adds costs, but the all-in cost structure for lithium hydroxide, which we estimate to be about $5,800, remains below today&#;s depressed lithium prices.12

The growing prevalence of nickel-rich batteries, which require lithium hydroxide, supports Livent&#;s business strategy. The company estimates nickel-rich batteries should increase their market share from about 25% today to 75% by the end of the decade.13

Livent is known for its relationship with Tesla, being one of its main lithium hydroxide suppliers. In November, the company announced the extension of a multi-year supply agreement with Tesla through , with a commitment to deliver greater volumes than in .14 Management also indicated that they are working to extend their partnership for and beyond.

In addition, Livent recently announced a 50/50 joint venture with private equity firm Pallinghurst Resources to buy Canada&#;s lithium projects previously managed by Nemaska Lithium. Pallinghurst, through Quebec Lithium Partners, is expected to own 50% of New Nemaska Lithium. Given that arrangement, Livent is expected to see 25% of the potential economic benefits of New Nemaska Lithium.15 The Canadian location can help Livent meet the growing demand of battery grade lithium from North American and Europe.

Contemporary Amperex Technology (CATL): China&#;s EV Battery Crown Jewel

CATL is the world&#;s second-largest battery producer, behind LG Chem. CATL is a Tier 1 battery producer, joining the select group of LG Chem, Panasonic, Samsung SDI, Tesla, SK Innovation, and AESC.16 What distinguishes CATL is that it is the battery maker with the largest number of relationships with OEMs, including Tesla, BMW, Daimler, Geely, Great Wall, Honda, Hyundai, Volkswagen, and NEVS.

Tesla is a key relationship for CATL. In February, the two companies agreed to produce batteries for EVs manufactured at Giga Shanghai, Tesla&#;s second battery megafactory.17 Tesla is currently producing Model 3&#;s at an annualized rate of 250,000 EVs.18 Helped by CATL&#;s cobalt-free lithium iron phosphate (LPF) batteries and local procurement, the Model 3 is the lowest priced premium mid-sized sedan in China at $36,800.19, 20, 21

Recently, CATL also announced a project to roll out a &#;million-mile&#; battery that costs less than $100 kWh by .22 Such a battery could support decades of heavy use for an EV, well beyond the lifespan of an internal combustion engine vehicle.

CATL&#;s relationships with OEMs across multiple regions, especially those in the Chinese and European markets, should allow the company to remain a key player in the EV supply chain. CATL is positioned to continue to grow as EV demand recovers from the economic fallout from COVID-19. Recent reports from the China Association of Automobile Manufacturers show that new energy vehicles sales, which include EVs, increased 105% year-over year in October .23 Sales totaled approximately 160,000 during the month, marking the fourth consecutive month of gains.24

While sales data in China is notable, it&#;s Europe that&#;s eventually projected to command the greatest share of EV sales growth. According to research firm Rho Motion&#;s estimates, EV sales in Europe could double by the end of from due to significant policy support from European regulators.

Conclusion

The four companies highlighted here represent key aspects of the lithium and battery technology ecosystem. But beyond these firms, there are still dozens of other lithium miners and battery producers around the world, who together an enabling the rapid growth of electric vehicles. While many of these firms are relatively unknown by most investors, they could ultimately replace major energy corporation as the next generation of transportation transitions away from fossil fuels.

Related ETFs

LIT: The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

Click the fund name above to view the fund&#;s current holdings. Holdings subject to change. Current and future holdings subject to risk.

If you are looking for more details, kindly visit stackable lithium ion battery.