Top 10 Lithium-ion Battery Manufacturing Companies In The World

May 27, 2021September 18, 2022 Rajasri Mundrathi

Hello guys, welcome back to my blog. In this article, I will discuss the top 10 lithium-ion battery manufacturing companies in the world, companies that are producing lithium-ion batteries, etc.

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Top 10 Lithium-ion Battery Manufacturing Companies

The lithium-ion battery is a type of battery that can be recharged. These batteries are used in electronics and electric vehicles for power supply or for storage purposes. The anode used in a lithium-ion battery is Lithium cobalt oxide, the cathode is Graphite and the electrolyte is Potassium Hydroxide. The top 10 lithium-ion battery manufacturing companies are:

Read working of lithium-ion cell.

10. Samsung SDI

Samsung SDI was founded in the year 1970. This manufactures and sells the batteries. It is dedicated to research and innovation in lithium-ion technology. Currently, it is also engaged in the production of solar panels, and energy storage systems.

09. A123 Systems

A123 Systems is an American company. It was founded in the year 2001. This company is totally dedicated to manufacturing nano phosphate lithium-ion batteries. Phosphate lithium-ion battery delivers high energy density which enhances the life cycle of the battery.

08. Johnson Controls

Johnson controls is a European country. It is the world’s largest battery supplier. It is one of the biggest lithium-ion battery manufacturers in the world. Around 35% of lithium-ion batteries in the global EV market are made by Johnson Controls.

This company offers batteries for electric vehicles, automobiles, etc. It is a benchmark for quality and precision technology and this company announces investments to grow its manufacturing capability in the United States. Power demands on batteries get increased with the increasing number of vehicles.

07. eCobalt Solutions

This company is mostly looking forward for the technology towards the growing renewable energy sector. It has great place of investment for manufacturing lithium-ion batteries.

06. Toshiba

Toshiba is a Japanese company. It is now engaged in manufacturing lithium-ion batteries and many storage solutions for the electronics and automotive sectors. It has currently engaged in the production of logic IC’s this company also manufacturing watches, clocks, electronic gadgets, cell phones, heart monitors, etc.

05. BYD

It is a Chinese company and its stock price is around CNY 55.73. China’s number 2 battery manufacturing with large expansion plans. It has agreements to supply Toyota, BYD car company, etc. It should be noted that BYD is not a pure-play battery manufacturer as they have revenues from several segments, most notably electric and conventional car sales and electric buses. 2019 debt is estimated at CNY 468 and PE is 42.4. Analysts’ consensus is an outperform with a price target of CNY 55.49 representing a 0.8 percent downside.

04. CATL

Contemporary Amperex Technology Company Limited(CATL). It is the fourth-largest company in the world for manufacturing lithium-ion batteries. China’s number 1 battery manufacturer with huge expansion plans. CATL has agreements to supply BMW, Volkswagen, Toyota, Honda, Nissan, and several Chinese car manufacturers. It recently plans for another mega factory. 2019 debt is estimated at zero and PE is 38.7. 2019 net profit margin is 10.18 percent. It has a total production capacity of 32GWh.

03. Panasonic

Panasonic is the world’s third-largest manufacturing company. It is a Japanese company and the stock price is JPY 911. Japan’s number one battery manufacturer with strong links to Tesla. It has agreements to supply BMW, Tesla, and Toyota. The recent Toyota or Panasonic collaboration has large potential given Toyota’s size. Analysis consensus holds with a price target of JPY 1061 representing a 17% upside. Panasonic is now manufacturing batteries for Tesla with higher efficiency and performance.

02. LG Chem

Korea’s LG Chem is the world’s number second company. The stock price is Korean currency KRW 332,500. It is one of the greatest manufacturing companies in making lithium-ion batteries and supplies to a wide range of industries. LG chem has agreements to supply Volkswagen, Ford, Renault, Hyundai Kia, etc.

It plans to increase the EV battery production by three times capacity to as much as 110 gigawatt-hour by the end of 2020 and it needs to expand to at least 170 GW hour in 2024 to meet the growth target. LG chem recently reported weaker profits down, 83% in the year 2019 due to higher raw material costs and weaker demand. It plans to construct new plants in China and Poland. It supplies batteries for consumer goods like laptops and smartphones.

01. Tesla

Tesla is a USA company that is the world’s number 1 battery manufacturer and also it is the first I.e., top 1 battery manufacturer in the USA. It manufactures long-lasting batteries with which its cars are built. Tesla is tied up with Panasonic and present they are purchasing lithium-ion batteries from Panasonic.

Their company which is in US Gigafactory is the world’s largest lithium-ion manufacturing factory. Tesla is mostly focusing on energy storage products and they are now currently number 1 seller of electric cars globally. Tesla has plans to construct their Shanghai china gigafactory. In the next 3 years, Tesla is expected to rely on Chinese lithium-ion battery producers. According to Tesla, the initial production rate target of 250,000 electric cars per year.

These are the top 10 lithium-ion battery manufacturing companies in the world. I hope this article may help you all a lot. Thank you for reading.

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