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- March 11, 2023
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Top 10 electric vehicle battery manufacturers in the world
Table of Contents
According to the data, with the improvement of electric vehicle research and development technology and performance, and the stimulation of high subsidy policies for electric vehicles in Europe, North America and other regions, global electric vehicles have maintained rapid growth.
At the same time, as a key component of electric vehicles, electric vehicle battery becomes the arena of competition for battery manufacturers.
The global Top 10 electric vehicle battery manufacturers are: CATL , LG Energy Solution, BYD, Panasonic, SK On, Samsung SDI,CALB ,Gotion High-tech , Sunwoda, Farasis.
The following is a summary of top 10 electric vehicle battery manufacturers in the world
CATL
| Established date | December, 2011 |
| Global headquarters | Fujian, China |
| Company website | www.catl.com |
| Tatal market value | 9823.79 billion RMB |
CATL has occupied the global leading position of electric vehicle battery manufacturers in the early stage of industry development. The development goal of CATL is to focus on electrification + intelligence, and realize the integrated innovation of market applications.
Its main business includes power battery systems, lithium battery materials, and energy storage systems. The company has been committed to the technical innovation of power batteries and lithium batteries, such as CTP battery technology 1.0 to 3.0, condensed matter batteries, sodium-ion batteries, solid-state batteries and so on. At the same time, in terms of energy storage systems, products such as outdoor systems EnterOne and EnterC have been launched.Therefore, it is also one of the top 10 lithium energy storage battery manufacturers. 
The main customers of CATL are Tesla, NIO, XPENG, SAIC, Geely Group, FAW-Volkswagen, Li Auto, Dongfeng Motor, Yutong Bus and SAIC-Volkswagen.
LG Energy Solution
| Established date | December, 2020 |
| Global headquarters | Korea |
| Company website | www.lgensol.com |
| Tatal market value | 132.44 trillion RMB |
LG Energy Solution is also a leading electric vehicle battery manufacturer in the global battery industry. Since 1995, it began to develop lithium batteries. Over the past 20 years, LG Chem’s battery business started from small batteries and gradually completed the coverage of electric vehicle battery and ESS energy storage systems.
LG’s major customers are all over the world. In China, there are Tesla and Geely. In Europe, it covers almost all mainstream car companies. Lucid Motors, which is known as Tesla’s number one rival, is also one of its customers. In terms of supporting models, popular models including Tesla model 3, model Y and Volkswagen ID.3 are all within its service scope.
BYD
Established date | February, 1995 |
Global headquarters | Shenzhen, China |
Company website | www.bydglobal.com |
Tatal market value | 689.5 billion RMB |
BYD is an innovative manufacturer that independently develops electric vehicles in China. Started by making batteries, BYD is the earliest lithium battery supplier for Motorola and Nokia in China. Now BYD also has an almost complete and mature automotive industry chain. At the same time, the self-developed blade battery is considered to be a strong competitor of electric vehicle battery in the current market.
The sales volume of BYD car has led to a substantial increase in the installed capacity of its electric vehicle battery. In addition to self-production and self-supply, BYD will also provide supporting electric vehicle batteries for China FAW and Changan Ford in 2022. According to reports, BYD has now become one of Tesla’s battery suppliers.
Panasonic
Established date | March,1918 |
Global headquarters | Japan |
Company website | www.na.panasonic.com |
Tatal market value | 3.01 trillion RMB |
Panasonic is an old Japanese electrical appliance company. It started research and development of batteries in 1923 and mainly served home appliances in the early days. In 2009, Panasonic exclusively supplied Panasonic 18650 rechargeable batteries for Tesla. Since then, it has continuously improved technology and expanded production capacity. From 18650 to 21700 and then to 4680, Panasonic has pushed the development of cylindrical power batteries to the peak.
As one of Tesla’s main electric vehicle battery manufacturer and supplier, Panasonic’s electric vehicle battery installation benefits from the increase in sales of Tesla models in the North American market and the increase in sales of Toyota’s BZ4X. In addition to Tesla and Toyota, Panasonic Battery has also expanded to new customers such as Volkswagen, Ford, and Lucid.
SK On
Established date | October, 2021 |
Global headquarters | Korea |
Company website | www.skinnovation.com |
Tatal market value | 130.24billion RMB |
SK On is a subsidiary of SK innovation focusing on battery R&D and production. Focusing on the research and application of high-nickel technology, successfully developed high-energy-density electric vehicle batteries, and mass-produced NCM622 (2014), NCM811 (2018) and NCM9½½ (2021) batteries.
SK On’s supporting models mainly include Hyundai Ionic 5, Kia EV and Ford F-150.
Samsung SDI
Established date | January,1970 |
Global headquarters | Korea |
Company website | www.samsungsdi.com |
Tatal market value | 55.10 trillion RMB |
Samsung SDI is a subsidiary of Samsung Group in the electronics field. It is a company that produces materials such as batteries, semiconductors, displays, and solar energy for IT, automobiles, and ESS (Energy storage system).
Products include small-ion batteries, automotive batteries, lithium-ion energy storage systems, electronic materials, and more. Since 2000, it has devoted itself to the field of lithium-ion batteries, and has developed flexible batteries, lithium battery packs for golf carts, prismatic lithium-ion battery cell,small-sized li-ion battery and other products.
Samsung SDI’s growth was mainly driven by steady growth in sales of models such as the Audi E-Tron and BMW i4 and iX.
CALB
Established date | December, 2015 |
Global headquarters | Jiangsu,China |
Company website | www.calb-tech.com |
Tatal market value | 336.38billion RMB |
CALB is a high-tech new energy company specializing in the development and production of lithium-ion power batteries and battery management systems. The products cover ternary and lithium iron phosphate two systems.
Its customers are mainly GAC, Xpeng, Leap, Changan, etc. After that, it signed fixed-point agreements with Hongguang, Geometry, GAC Toyota, GAC Honda, and Smart, which led to a rapid increase in the installed capacity of its electric vehicle battery.
Gotion High-tech
Established date | May, 2006 |
Global headquarters | Hefei,China |
Company website | www.gotion.com.cn |
Tatal market value | 547.52 billion RMB |
Gotion High-Tech is a Chinese company that entered the capital market earlier in China’s electric vehicle battery industry. It was listed in 2015 and has business segments such as new energy electric vehicle batteries, energy storage, and power transmission and distribution equipment.
The main products are lithium iron phosphate materials and batteries, ternary batteries, electric vehicle battery packs, battery management systems and energy storage battery packs.Based on years of research on lithium iron phosphate materials, the company has also become one of the top 10 lithium iron phosphate material companies in China.
Gotion Hi-Tech mainly supports SAIC-GM-Wuling, Chery Automobile, Changan Automobile, Leap Motor, JAC, Geely Automobile and Great Wall Motor, etc.
Sunwoda
| Established date | December, 1997 |
| Global headquarters | Shenzhen,China |
| Company website | www.sunwoda.com |
| Tatal market value | 391.09billion RMB |
Sunwoda takes the electric vehicle battery system (cell, module, BMS and PACK) as the core of its products. At the same time, the company has the advantages of lithium battery energy storage integration and application technology, and its business also covers the fields of electric power, network energy, home energy storage and portable energy storage. The company provides multiple types of comprehensive energy service models including lithium battery energy storage products, multi-scenario integration solutions, and energy investment operations.
In the Chinese market, Sunwoda’s battery supporting customers for passenger vehicles include Dongfeng Motor, Geely Automobile, Dongfeng Liuzhou, Xpeng , etc.
Farasis
Established date | December, 2009 |
Global headquarters | Jiangxi, China |
Company website | www.farasis.com |
Tatal market value | 294.92 billion RMB |
Farasis focuses on the R&D, production and sales of new energy vehicle power battery systems and energy storage systems. At present, the company’s overall production capacity reaches 5 billion watt-hours, and it is the world’s most important supplier of ternary soft pack power batteries.
In terms of passenger car customers, Farasis has become the core supplier of Mercedes and GAC Motor in 2022. In particular, the hot sales of Mercedes-Benz EQS/EQA/EQB/EQE, GAC Aion S/Aion V, Lantu Dreamer and other explosive models have driven the rapid growth of their electric vehicle battery installations.
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