Global Organization
China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. 13. Amperex Technology Limited (ATL) 12. Envision AESC 11. Gotion High-tech 10.
According to SME Research, CATL is the world’s largest EV battery manufacturer, with 37.7% of the market share. Plus, it is the only battery supplier with a market share of over 30%. CATL has 6 R&D facilities, five in China and one in Germany. In 2023, they spent about $2.59 billion in R&D, an 18.35% increase from the previous year.
Asia dominates this ranking of the world's largest EV battery manufacturers in 2023. See which battery makers feature in the top 10.
We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know? China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel.
In February 2023, the company’s dominant position in the electric vehicle (EV) battery market was cemented by a report from SNE Research—a South Korean firm, which highlighted Contemporary Amperex Technology Limited’s (CATL’s) growth to 191.6 GWh produced in 2022. CATL has reigned supreme for a number of years with a market share of 34% in 2022.
Currently, there are thousands of companies globally involved in battery manufacturing, ranging from large multinational corporations to smaller, specialized firms. We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know?
The largest lithium-ion battery companies worldwide were located in the Asian continent. China, South Korea, and Japan led the ranking in 2023.
With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. Here we update our previous graphic of the top 10 EV battery …
These companies are heavily invested in research and development to enhance lithium-ion battery performance, underscoring the market''s dynamic and forward-looking nature. The lithium-ion battery market …
As of September 2021, there are 47,400 lithium-ion battery companies. In the past 10 years, the overall registration of lithium-ion battery companies in China has shown an upward trend. So, …
Prominent companies, such as Gropher Resource, offering battery solutions are developing natural techniques for recycling various batteries that help them segregate non …
These companies are heavily invested in research and development to enhance lithium-ion battery performance, underscoring the market''s dynamic and forward …
Asia dominates this ranking of the world''s largest EV battery manufacturers in 2023. See which battery makers feature in the top 10.
In February 2023, the company''s dominant position in the electric vehicle (EV) battery market was cemented by a report from SNE Research—a South Korean firm, which …
With increasing interest in electric vehicles (EVs) from consumers, the market for lithium-ion EV batteries is now a $27 billion per year business. According to industry …
The vast majority of the global leading companies in the lithium-ion battery market were located in Japan and South Korea. With a revenue of over 90 billion U.S. dollars, …
In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing …
Currently, there are thousands of companies globally involved in battery manufacturing, ranging from large multinational corporations to smaller, specialized firms. We …
No wonder, the top 10 EV battery manufacturers by market share are all headquartered in Asian countries, concentrated in China, Japan, and South Korea. According to data from SNE Research, the top three battery …
Volkswagen Group''s battery company PowerCo and QuantumScape have entered into a groundbreaking agreement to industrialize QuantumScape''s next-generation solid-state lithium …
Currently, there are thousands of companies globally involved in battery manufacturing, ranging from large multinational corporations to smaller, specialized firms. We present the largest and most influential battery …
With the recently introduced Qilin battery and promising new Shenxing batteries, expect the battery maker to consolidate its share and remain in the lead through 2024, and …
The use of recycling solutions among companies helps reduce pollution significantly. The recycling process of highly reactive batteries can result in pollution and …
Despite efforts from the U.S. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia. In this graphic we rank the top 10 EV battery manufacturers by total battery deployment …
No wonder, the top 10 EV battery manufacturers by market share are all headquartered in Asian countries, concentrated in China, Japan, and South Korea. According …
Recently, South Korean battery and energy research company SNE Research released the data related to 2023 global power battery usage. The data shows that the total global power battery usage in 2023 was …
With the EV market continuing to grow fast, and average battery size increasing, expect the battery market to continue growing even faster, with +/-50% growth rates likely in the next couple of...
Global risk management organisation DNV identified the top ten battery cell manufacturers by volume in its 2022 Battery Scorecard report. Here we take a look at the top …
Despite efforts from the U.S. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia. In this graphic we rank the top 10 EV battery …
With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. Here we update our …
With the EV market continuing to grow fast, and average battery size increasing, expect the battery market to continue growing even faster, with +/-50% growth rates likely in …
UPDATE 21 Feb. 2024: The global EV battery market is a much bigger pie than it was just two or three years ago. In 2021, according to Statista, battery makers took in US …