The electric vehicle business has been booming for the past few years. According to the International Energy Agency, electric vehicle sales were around 6.6 million in 2021, double that in 2020; ten percent of the electric vehicles were electric cars.
With lithium-ion being used in electric cars to increase performance, lithium-ion electric car battery manufacturers have been on the rise. Read on to find out more.
The Lithium-Ion Battery
Lithium-ion batteries are the most commonly found batteries in electric cars for their performance. They have high efficiency, temperature performance, power-to-weight ratio, and low self-discharge.
Complementary to the purpose of electric cars, these batteries are also recyclable.
Lithium-ion electric car battery manufacturers use a variety of raw materials that need to be imported from different countries:
- Lithium: Imported mainly from China.
- Cobalt: Imported mainly from the Democratic Republic of Congo.
- Nickel: Imported mainly from Russia, Canada, and the US.
- Manganese: Imported mainly from South Africa and Australia.
- Graphite: Imported mainly from China, Germany, Brazil, and the US.
A typical battery uses these materials to create an anode (a negative terminal), a cathode (a positive terminal), and an electrolyte. The tree components are responsible for producing electricity.
While lithium-ion batteries follow the same structure, lithium-ion battery manufacturers undergo an intense R&D process to improve their batteries.
The competition between these manufacturers is based on their batteries’ performance, cost, and life.
Top Lithium-Ion Electric Car Battery Manufacturers in the World
Even though electric cars are a relatively new concept, many lithium-ion electric car battery manufacturers are developing electric car batteries. Some of the well-known companies around the world include:
Contemporary Amperex Technology Co. Limited (CATL)
CATL is a Chinese lithium-ion electric car battery manufacturer founded in 2011 and one of the largest manufacturers of lithium-ion batteries.
Many electric car manufacturing companies such as Tesla and Volkswagen get their supply of lithium-ion batteries from CATL.
According to an SNE research report, CATL was ranked the world’s biggest electric car battery maker. They currently occupy around 32.6 percent of the world’s lithium-ion battery market.
Recently, their newly installed battery’s power capacity reached 96.7 GWh.
Due to the surge in metal prices, CATL has recently developed a sodium-ion battery, a cheaper alternative that provides an eighty percent charge in fifteen minutes.
LG Energy Solution (LGES)
LGES is a South Korean company that occupies 20.3% of the lithium-ion battery market share. Their battery capacity reaches 60.2 GWh and is supplied worldwide.
LGES supplies big named companies such as Jaguar, Porsche, Tesla, and Audi and is seen in popular cars such as the Chevrolet Bolt EV.
Their batteries allow electric cars to drive over three hundred miles on a single charge. The battery reaches an 80% charge in only thirty minutes.
Their battery performance has made them a leading company in the lithium-ion electric car battery manufacturers.
Now, LGES aims to build a battery plant in the United States, promising an annual capacity of 50 GWh.
Panasonic
As a Japanese multinational conglomerate, Panasonic is one of the leading lithium-ion car battery manufacturers and a key supplier to the Tesla company for use in highly advanced electric cars.
In the SNS research report, Panasonic ranked third among lithium-ion battery manufacturers.
They occupy around 14.5 percent of the lithium-ion battery market, and their battery capacity reaches 36.1 GWh.
They recently introduced a new format battery which is forty-six millimeters long and eighty millimeters tall (the 4680 battery).
Pansonic used a nickel-cobalt-aluminum formula for their batteries, making them more expensive than others. However, their batteries have a higher performance with less need for charging.
Toyota has recently formed a joint venture with Panasonic, the Prime Planter Energy & Solutions (PPES), that aim to produce parametric lithium-ion batteries.
Build Your Dreams (BYD)
BYD is another Chinese lithium-ion battery manufacturer which occupies 8.8 percent of the lithium-ion battery market. Their battery capacity reaches a total of 26.3 GWh.
Their Revolutionary Blade battery used LFP technology, providing a low energy density, longer life, and stability working at high temperatures.
BYD Revolutionary Blade battery is cheaper than other lithium-ion batteries as they do not use cobalt or nickel and instead use a lithium-iron-phosphate formula.
SK On (SKI)
SK On is a division of SK Innovations (SKI), a South Korean company focusing on developing LFP batteries. They occupy 5.6 percent of the lithium-ion battery market, and their battery capacity reaches 17 GWh.
SK Innovations supplies batteries to famous manufacturers such as Kia, Hyundai, and Daimler. These batteries are renowned for their Lithium-ion-polymer formula (LiPo), which has four times the energy density of Lithium-ion batteries.
China Aviation Lithium Battery Technology (CALB)
CALB is a Chinese company with a USA branch based in California. CALB USA specializes in manufacturing and distributing lithium-ion batteries.
They are new to the electric car business, and the company aims to reach a battery capacity of 300 GWh by 2025.
CALB batteries are installed in famous cars such as Changan vehicles, the GAC Avion models S and V, and the Toyota IA5.
Automotive Energy Supply Corporation (AESC)
The AESC is a joint venture between Nissan, the Tokin Corporation, and NEC that aims to produce high-quality lithium-ion batteries. Their battery capacity is set to reach 30 GWh per year.
One of the first, and the most popular electric cars, the Nissan Leaf, was manufactured using the AESC lithium-ion battery.
Northvolt
Northvolt is a Swedish company that is one of the biggest lithium-ion electric car battery manufacturers in Europe.
They have opened the largest electric vehicle battery recycling plant in Europe that can process twelve hundred tonnes of battery packs a year.
BAK Battery Co. Limited
Bak Battery was founded in 2005 and is located in Shenzhen, China. They produce cylindrical lithium-ion batteries using lithium, cobalt oxide, and lithium manganate.
They are known for their intense research and development processes that aim to provide durable, high-performing lithium-ion batteries.
Samsung SDI
Samsung SDI is a division of Samsung that manufactures and distributes lithium-ion car batteries. Samsung SDI lithium-ion batteries have a high energy capacity and a reduced thermal runaway.
Samsung SDI occupies 5.4 percent of the lithium-ion battery market and is used in some of the most famous brands, including the BMW i8 and i3.
Grepow
Grepow is a company based in China and one of the world’s largest lithium-ion electric car battery manufacturers, famous for its customizable products.
Grepow produces high efficient lithium-ion batteries based on the lithium-iron-phosphate formula. Their potteries can be customized to any shape and size.
Ganfeng
Ganfeng is a China-based company that obtains lithium from mines in Australia and has started working on producing lithium-ion batteries. They have secured partnerships with TESLA and Volkswagen.
Lithium-Ion Electric Car Battery Manufacturers in the United States
The United States has been left behind in the race for electric cars and electric car battery manufacturing. However, in recent years, there has been a boost in electric car manufacturers in the US.
The number of electric cars in the US has boosted to almost six hundred thousand.
With more than four percent of cars in America being electric, the US has seen the springing up of many lithium-ion electric car battery manufacturers.
Although new to the lithium-ion manufacturing business, these companies have hit the ground running and have started producing high-quality lithium-ion batteries.
Some of the lithium-ion electric car battery manufacturers in the US include:
EnerSys
EnerSys was founded in 1999 in Pennsylvania and are one of the leading manufacturers of lithium-ion batteries in America.
Their batteries have a high energy density and come in lightweight packs. EnerSys aims to provide power solution applications and provides efficient energy systems.
Romeo Power
Romei Power was founded in 2014 in Los Angeles and specializes in energy storage solutions. They design battery modules and packs for electric vehicles.
Romeo Power has gained recognition for its continuous product improvement and efficient R&D department that aims to manufacture batteries with a shorter battery charge time.
A123 Systems
A123 Systems was founded in 2001 in Massachusetts and is a subsidiary of the multinational conglomerate, The Wanxiang Group.
They develop their lithium ion and phosphate batteries and aim to dominate the market for electric vehicle batteries.
They are strongly connected to producing many electric and hybrid vehicles in the US and are collaborating with AES to manufacture multi-megawatt battery systems.
Lithium
Lithium was found in 1989 in Nevada and is considered a pioneer of specified technology.
They produce specialized lithium-ion and Lithium phosphate batteries, mainly in electric cycles and electric bikes, and offer maintenance and repair services.
Clarios
Clarios was founded in 2019 in Wisconsin and are one of the largest lithium-ion electric car battery manufacturers in the US.
They focus primarily on breakthrough technology that provides low-voltage, high-durability batteries.
Clarios control about forty percent of the US lithium-ion battery market.
Microvast
Microvast was founded in 2006 in Texas and is a member of the Scientific Research Services industry. They are known for manufacturing fast-charge batteries that are durable and safe to use.
Their latest product, the 53.5Ah NMC lithium-ion battery, was designed for specialty and commercial vehicles.
24m Technologies
24m Technologies was founded in 2010 in Massachusetts that specialized in lithium-ion battery production.
They are mainly known for eliminating pyrometallurgical procedures that aid in recycling lithium-ion batteries.
Piedmont
Piedmont was founded in 1983 in North Carolina and is a start-up lithium-ion battery manufacturer that pwn the Carolinas’ Lithium Project. The project covers more than three thousand acres of lithium exploration zone.
Future Lithium-Ion Electric Car Battery Manufacturers in The United States
In 2021, the Biden administration announced that three billion dollars would be invested in producing electric vehicle batteries in the United States, with an additional sixty million invested in battery recycling.
The creation of new plants has already been announced, some of which are listed in the table below:
| Manufacturer | Expected by | Location |
| Ford & SK Innovation | 2025 | Kentucky |
| General Motors | 2022 | Ohio |
| SK Innovation | 2022 | Georgia |
| Toyota | 2025 | North Carolina |
| Volkswagen | 2025 | Tennessee |
| LG Energy Solution | 2023 | Tennessee |
Investing in Lithium-Ion Electric Car Battery Manufacturers
Lithium-ion batteries promise four times the energy efficiency of other electric car batteries. These batteries are cheaper and more efficient.
These batteries are continuously being researched and upgraded to provide even better performance.
As the production and development of electric cars increase, so does the need for lithium-ion batteries.
There are many ways to be part of the booming business of electric cars, such as investing in the automotive companies that manufacture electric cars.
However, investing in lithium-ion electric car battery manufacturers is another profitable opportunity. Some lithium-ion manufacturers to invest in, other than the ones mentioned above, include:
- BAIC Motor Corporation
- Bren-Trpnics Incorporation
- CBAK Energy Technology Incorporation
- Dayun Automobile Co. Limited
- Exxon
- General Motors
- Hitachi Limited
- Japan Storage Battery Co. Limited
- PowerGenix
- SQM
- Tianjin Lishen Battery Joint-Stock Co.
- Zhabuye Lithium
Conclusion
Lithium-ion batteries have changed the performance of electric vehicles, allowing them to become more of an option in vehicle choices.
Lithium-ion electric car battery manufacturers continuously improve their products to provide higher performance and longer life. In the future, many lithium-ion battery manufacturers will improve their technology, but they may find some competition in the market.
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My name is Matthew, staying in Seattle, Washington. Electric Vehicles (Electric Cars & Electric bikes) caught my attention for the last few years and my love for electric cars and bikes is everlasting. I spend many of my weekends traveling to various places all over various cities with my electric vehicle (e-bike and electric car). Here I am sharing my expertise, experience, and invaluable information about electric cars and electric bikes. Check out more.