Top 10 Lithium-Ion Battery Manufacturers (2022)

The global lithium-ion battery market reached a value of US$ 39.41 Billion in 2021. Lithium-ion battery refers to a rechargeable battery that is generally used in electric vehicles (EVs) and portable electronics. This electrochemical storage device consists of an anode, cathode, and electrolyte that does not require complete discharge prior to recharging. Nowadays, lithium-ion battery is gaining traction as it is eco-friendly, has lower self-discharge rates, and requires minimal maintenance compared to nickel-cadmium batteries.

As per the analysis by IMARC Group, thetop lithium-ion battery companies are extensively investing in research and development (R&D) activities to introduce miniaturized lithium-ion batteries with enhanced efficiency. Besides this, due to continual technological advancements, several leading companies are launching nanobot tungsten lithium batteries, which is creating a positive outlook for the market. On account of these factors, the market value is expected to reach US$ 83.62 Billion by 2027, exhibiting a CAGR of 13.62% during 2022-2027.

Top 10 Lithium-Ion Battery Manufacturers (1)

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A123 Systems LLC

Establishment: 2001
Headquarters: Michigan, United States
Website: http://www.a123systems.com/

The company operates as a subsidiary of Wanxiang America Corporation. It develops, manufactures, and supplies nano phosphate lithium iron phosphate batteries and energy storage systems across the globe. Besides this, the company is developing a growing portfolio of solutions for fully electrified vehicles designed to meet the current and future market demands.

Automotive Energy Supply Corporation (AESC)

Establishment: 2007
Headquarters: Zama City, Japan
Website: https://www.envision-aesc.com/en/

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Envision AESC is the world’s leading battery technology company. Through AIoT-driven innovations in battery technology and multidisciplinary application, the company establishes scenarios to enable electric vehicles to participate in the renewable energy eco-systems and provides a dynamic balance to promote the development of clean energy and the new energy EV industry. Moreover, the company aims to solve the challenges for a sustainable future and lead the de-carbonization revolution through AIoT-defined battery solutions.

LG Chem Limited

Establishment: 1947
Headquarters: Seoul, South Korea
Website: https://lgchem.com/

The company is a leading science-oriented corporation that creates value for its customers. It has continuously achieved growth through relentless challenges and innovations since its establishment. It exhibits a balanced and globally competitive business portfolio including, petrochemicals, advanced materials, life sciences, and subsidiaries specializing in batteries.

Panasonic Corporation

Establishment: 1918
Headquarters: Kadoma, Japan
Website: https://www.panasonic.com/

Formerly known as Matsushita Electric Industrial Co., Ltd., the company changed its name to Panasonic Corporation in 2008. It offers a wide range of lithium-ion batteries which meets the requirement of consumers such as the main battery for small devices as well as a backup battery for emergencies. The unique Panasonic technologies have made the batteries thinner and lighter for use in a wide variety of devices like notebook computers, laptops, and mobile phones. These batteries also find utilization in EVs, backup base stations for mobile telephones, electricity storage systems with solar power generation, and another industrial usage.

Samsung SDI Corporation Limited

Establishment: 1970
Headquarters: Yongin-Si, South Korea
Website: https://www.samsungsdi.com/index.html

The company is known to manufacture and sell batteries across the globe. It operates through three segments, including chemicals, electronic materials, and energy. It also offers small-sized lithium-ion batteries that are employed in laptops, tablets, mobile phones, wearable devices, power banks, power tools, garden tools, vacuum cleaners, e-bikes, e-scooters, and ignition products.

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Toshiba Corporation

Establishment: 1875
Headquarters: Tokyo, Japan
Website: https://www.global.toshiba/ww/top.html

Toshiba Corporation, along with its subsidiaries, manufactures and markets electronic devices and electrical products across various countries. The company offers infrastructure as a services systems, including power, transmission and distribution, industrial, railway transportation, security and automation, broadcasting and network, photovoltaic, water and environmental, building, and POS systems. Moreover, Toshiba Corporation manufactures its high-energy type and high-powered type batteries at the Kashiwazaki Operations in Niigata Prefecture in Japan.

Amperex Technology Limited (ATL)

Establishment: 1999
Headquarters: Tsuen Wan, Hong Kong
Website: https://www.atlbattery.com/

ATL is a famous lithium-ion battery producer and innovator in the world, and a high-tech enterprise responsible for providing high-quality rechargeable lithium-ion battery cells, packs, and system integration solutions. It also offers advanced technologies, production capacities, and high-quality services. The company is helping the world connect better, last longer, live easier and fly higher as it is working closely with world-renowned branded smartphones, battery chargers, tablets and notebook OEMs, drones, robots, and power tools specialists, VR/AR vanguards, and other wearable and smart technologies.

BAK Group

Establishment: 2001
Headquarters: Guangdong, China
Website: https://bakgroup.net/

Since its inception, BAK Group has developed into a new energy enterprise with lithium-ion batteries, EVs, and battery recycling as its core business lines. The company owns upstream and downstream industry clusters in China that integrate research and development (R&D), production, and sales of lithium batteries and EVs, such as Shenzhen BAK power, and Zhengzhou BAK Battery. The company also has subsidiaries in Europe and India with offices in the United States.

Blue Energy Co. Ltd.

Establishment: 2009
Headquarters: Fukuchiyama, Japan
Website: https://www.blue-energy.co.jp/en/

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The company operates as a subsidiary of GS Yuasa Corporation. It manufactures as well as sells lithium-ion batteries across the globe. It also offers EH4 cells and civic hybrid carried EH4 battery systems. It has established itself as a leading developer in the UK renewable energy sector, having developed, funded, and constructed over 320MW onshore wind and solar generation assets across the globe.

BYD Company Limited

Establishment: 1995
Headquarters: Shenzhen, China
Website: https://en.byd.com/

BYD is one of the leading producers of rechargeable batteries in the world. It manufactures NiMH batteries, lithium-ion batteries, and NCM batteries. The company has established over 30 industrial parks across six continents and has played a pivotal role in industries including electronics, automobiles, new energy, and rail transit. From energy generation and storage to its applications, BYD offers zero-emission energy solutions.

CBAK Energy Technology Inc.

Establishment: 2001
Headquarters: Guangdong, China
Website: https://ir.cbak.com.cn/

CBAK Energy Technology, Inc. is a leading high-tech enterprise engaged in the development, manufacturing, and sales of new energy high-power lithium batteries. The applications of the products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. The company is also the first lithium battery manufacturer in China to be listed on the Nasdaq Stock Market.

Tianjin Lishen Battery Joint-Stock Corporation Limited

Establishment: 1997
Headquarters: Tianjin, China
Website: http://en.lishen.com.cn/

The company is a high-tech enterprise controlled by state-owned companies and private shareholders. Since its inception, the company has grown its annual production capacity up to 10 GWh and has maintained a significant market share in the global lithium-ion battery industry for years. It is dedicated to providing customers with total energy solutions, including six product categories-cylindrical battery, prismatic battery, power battery, polymer battery, photovoltaic, ultra-capacitor, and nearly thousand models, with applications covering a wide range of customer electronics, new energy transportation, and energy storage systems.

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Lithion Battery (Valence Technology Inc.)

Establishment: 1989
Headquarters: Texas, United States
Website: https://www.lithionbattery.com/products/modules/

Lithion Battery (formerly Valence Technology) is the first battery manufacturer to design an extensive, scalable, lithium-ion product line using the Battery Council International (BCI) standards and form factors. The product line is a “drop-in” solution for lead-acid replacement, easy to implement, and eliminates re-tooling charges. The battery can easily be scaled to accommodate a variety of applications from 12 to 1000 volts, using a large lithium-ion battery pack.

SK Innovation Corporation Limited

Establishment: 1962
Headquarters: Seoul, South Korea
Website: http://eng.skinnovation.com/

SK Innovation is an intermediate holding company in the field of energy, petrochemical, e-mobility battery, and information electronic materials businesses. It operates EV battery and E&P along with 6 major subsidiaries, including SK Energy, SK geocentric, SK Lubricants, SK Incheon Petrochem, SK Trading International, and SK IE Technology. The company has established a value chain with vertical integration from E&P to produce petrochemical products and expanded the green portfolio through continuous investment in battery and material sectors. It is also investing proactively in eco-friendly businesses to bring happiness to society.

Hitachi Limited

Establishment: 1910
Headquarters: Tokyo, Japan
Website: https://www.hitachi.com/

Hitachi Limited has developed lithium-ion batteries featuring long service life, high output, energy density, and reliability. It has been adopted as the battery for eco-friendly cars by its distinct feature of better charging efficiency than the Nickel-metal hydride battery and memory-effect-free performance. Nowadays, the company’s E&D group is developing batteries for long operating life, high durability, safety, and low cost for automotive applications in hybrid electric small-sized trucks, buses, and hybrid railway motorcars.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects in the lithium-ion battery industry and regional North America, and India, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

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  • Market Research
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FAQs

Who is the biggest producer of lithium-ion batteries? ›

CATL (Contemporary Amperex Technology Co. Limited) has become the largest lithium-ion battery manufacturer in 2022, overtaking its main competitor LG Energy Solution. CATL has already announced plans to ramp up its lithium-ion battery production to 100 gigawatt hours or more.

Which company lithium-ion battery is best? ›

Top 10 Lithium Battery Manufacturer in India
  • Loom Solar – Energy Storage. ...
  • Reliance – EV. ...
  • Mahindra – EV. ...
  • Hyundai – EV. ...
  • Ola – EV. ...
  • Amarraja (Amaron) – EV. ...
  • Exide – EV. ...
  • Panasonic – Telecom.
9 May 2022

Who is the biggest manufacturer of lithium? ›

The latest data from the US Geological Survey shows that the world's top lithium-producing countries are Australia, Chile and China, with production reaching 55,000 tonnes, 26,000 tonnes and 14,000 tonnes, respectively.

Who is the biggest EV battery manufacturers? ›

Chinese company CATL is the world's largest seller of batteries for electric and hybrid vehicles through the first half of 2022. Contemporary Amperex Technology Co. Ltd., better known as CATL, is poised to remain the largest global seller of batteries for electric and hybrid cars in 2022.

What is the best lithium stock to buy? ›

What Are the Best Lithium Stocks To Buy?
  • Albemarle.
  • Sociedad Química y Minera de Chile.
  • Lithium Americas.
  • Piedmont Lithium.
  • Ganfeng Lithium.
  • Livent.
14 Sept 2022

Who is Tesla buying lithium from? ›

It's important to understand that there is not only one company that supplies lithium to Tesla. At the end of 2021, Tesla inked a fresh three year lithium supply deal with top lithium producer Ganfeng (OTC Pink:GNENF,SZSE:002460). The Chinese company will provide products to Tesla for three years starting from 2022.

Which company battery is best? ›

Top 10 Lead acid battery manufacturers in India 2022
  • Lento Industries Pvt. ltd. - Lento is the best battery manufacturer in India (2022). ...
  • Exide Industries Ltd.
  • Luminous Power Technologies Pvt. Ltd.
  • Amara Raja Batteries Ltd.
  • HBL Power Systems Ltd.
  • Su-Kam Power Systems Ltd.
  • Okaya Power Pvt. Ltd.
  • Base Corporation Ltd.

Who supplies lithium to Tata Motors? ›

CHENNAI: Tata Motors has announced a partnership with Lithium Urban Technologies, an EV-based urban transportation service provider founded by Sanjay Krishnan, which will deploy 5000 XPRES T Electric Sedans, across the country, for employee transportation.

Which battery is used in Tata electric Car? ›

The EV maker sources lithium-ion batteries for its cars from Tata AutoComp Systems (TASY. NS), which has a joint venture with China's Guoxuan Hi-Tech to produce them locally.

Which country is rich in lithium? ›

Australia is the world's largest lithium producer, accounting for nearly half of global production in 2020. Bolivia, Chile and Argentina (the “lithium triangle”) have the largest estimated resources, with nearly 50 million tonnes of lithium between the three countries.

What country has the most lithium 2022? ›

May 25, 2022 The largest lithium reserves are found in Latin America and Australia. Of the top ten countries with the largest concentration of lithium reserves, Chile tops the list, with 9.2 million metric tons (obtained from brines.)

What will replace lithium batteries? ›

These include better design to ensure longer-lasting batteries and a circular economy model to recover used material.
  • Aluminum. Aluminum is a readily available resource and one of the most recyclable materials. ...
  • Salt. Salt is very similar to lithium in terms of its chemical make-up. ...
  • Iron. ...
  • Silicon. ...
  • Magnesium. ...
  • Hemp.
16 May 2022

Who is the world leader in battery technology? ›

Vehicle batteries on display at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China.

What company makes the million mile battery? ›

Dahn's Dalhousie lab reports that it has now cycled its experimental battery cell 13,000 times, which would allow a vehicle to travel 3.2 million to 3.7 million miles, depending on how many miles were driven per year, while retaining an astonishing 93% of its initial capacity.

What company is making the new super battery? ›

QuantumScape has already shown successful test data for super small versions of its solid-state batteries. The company will continue to scale those tests to bigger and bigger batteries. Soon enough, the company will have solid-state batteries that work and are big enough to power an electric car.

Should I buy stock in lithium? ›

If you'd like to see high returns on your investments, lithium stocks are a promising option. EVs are here to stay, and more and more companies are growing their demand for lithium.

Is lithium still a good investment? ›

As lithium price momentum continues, investment in ASX lithium shares has gone from strength to strength in 2022. Demand for the battery metal remains strong, driven by the shift to clean energy and electric vehicles.

Is ganfeng lithium stock a good buy? ›

As one of the top lithium stocks, Ganfeng Lithium has several advantages. They are in a good position to support China's surging EV market. They also have healthy cash reserves and \profit margins.

What company is making a forever battery? ›

In late 2021, QuantumScape illustrated that its forever battery performed in 4-layer formats up to 800 charging cycles. A quarter later, the company scaled successful results to 10-layer batteries up to 800 cycles.

Who owns the largest lithium mine in America? ›

Lithium Americas Corp.

Which country has the largest reserves of lithium? ›

With 8 million tons, Chile has the world's largest known lithium reserves. This puts the South American country ahead of Australia (2.7 million tons), Argentina (2 million tons) and China (1 million tons).

Who manufactures batteries for Tesla? ›

If you've ever wondered “Who makes Tesla batteries?”, the answer is chiefly Panasonic, although CATL is a key Tesla car battery manufacturer, due to the fact the two companies have agreed to produce lithium-ion batteries together at Tesla's second “battery megafactory” at Giga Shanghai.

Who is the largest battery manufacturer? ›

CATL leads the list of EV Battery Manufacturers in the World. It was the world's biggest electric car batteries maker, for the fifth year running, in 2021. CATL occupied a 32.6 percent share of the world's auto lithium-ion battery market in 2021.

What is a number 1 battery? ›

Lithium Batteries

They offer the highest energy density of any other battery cell, meaning they store more energy than other batteries, such as alkaline. Lithium batteries are only sold in AA, AAA, and 9V sizes; however, their mAh ratings exceed every other non-rechargeable battery.

Who is supplier of batteries for Tata EV? ›

Press Trust of India

The batteries for commercial vehicle applications are co-branded with Tata Green Batteries and Tata Motors logo, it added. Tata Green Batteries is a 50:50 joint venture between Tata AutoComp Systems and GS Yuasa Corporation of Japan.

What is Tata Ziptron technology? ›

The Ziptron has a high energy density Li-Ion battery pack that provides the vehicle a maximum range. The future-proof technology is compatible with the fast chargers as well. The liquid cooling system always keeps the battery optimal in a wide range of operating temperatures.

What is the best EV stock to buy in India? ›

World EV Day 2022: Top Electric Vehicle stocks to buy in India
  • TATA MOTORS. Tata Motors is one of the oldest players in the segment. ...
  • MAHINDRA & MAHINDRA. Mahindra & Mahindra is one of the top performers in Nifty50. ...
  • ASHOK LEYLAND. ...
  • TATA POWER. ...
  • EXIDE INDUSTRIES.
9 Sept 2022

Which battery stock is best in India? ›

Top Battery Companies to Invest in India
Company NameLast Price52 wk High
Standard Batter31.6049.75
HBL Power93.30105.40
Exide Ind150.25202.95
Panasonic Energy248.50413.75
4 more rows
14 Jul 2022

Who is manufacturing lithium-ion batteries in India? ›

The Indian Space Research Organisation (ISRO) has signed an MoU with BHEL to manufacture lithium-ion batteries for Electric Vehicle in India. also In June, ISRO announced a decision to transfer its lithium-ion cell technology to the Indian industry on a non-exclusive basis for use in automobiles for Rs 1 crore.

Is Ukraine rich in lithium? ›

According to preliminary estimates, researchers believe that Ukraine is a treasure trove of lithium, holding about 500,000 tons of the “non-renewable mineral that makes renewable energy possible.” Lithium has become virtually irreplaceable in electric vehicle (EV) batteries because of its efficient energy storage per ...

Where does the US get its lithium? ›

Currently, the U.S. gets most of its lithium from South America or Australia. Typically, the mined lithium is processed and turned into batteries in China. That's at least two more continents the lithium lands in before the final product is complete.

Will lithium run out? ›

Because lithium is not an infinite resource. In fact, according to Kipping, once EVs dominate the car market, there's about 70 years' worth of lithium until the identified global reserves are themselves depleted. After that, we'd have to turn to pulling lithium from the sea, which is a much more expensive proposition.

How long will lithium reserves last? ›

The IEA says the world could face lithium shortages by 2025. And Credit Suisse says lithium demand could treble between 2020 and 2025, meaning “supply would be stretched”. Campaign group Transport and Environment says there is only enough lithium to produce up to 14 million EVs in 2023, Reuters reports.

Does the US have lithium reserves? ›

The US Geological Survey (USGS) reported that the US has 750,000 tonnes of economically recoverable lithium in 2021. This estimate will continue to grow as new reserves are proven; as recently as 2018, the US had only 30,000 tonnes of established domestic reserves.

Where does China import lithium from? ›

In the first half of 2021, China's imports of lithium hydroxide from Russia (54%), Chile (39%), and Japan (6%) accounted for 98% of total lithium hydroxide imports. China is a major exporter of lithium hydroxide.

What is the next big battery technology? ›

Sila Nanotechnologies is replacing the graphite anode that forms a lot of the bulk and about 15% of the weight of today's lithium-ion batteries with a form of silicon that it claims will give battery cells a 20 to 40% increase in energy density while also charging faster.

What is the next generation of battery technology? ›

Close cousins of the rechargeable lithium-ion cells widely used in portable electronics and electric cars, lithium-metal batteries hold tremendous promise as next-generation energy storage devices. Compared to lithium-ion devices, lithium-metal batteries hold more energy, charge up faster, and weigh considerably less.

What is the future of lithium? ›

By 2030, batteries are expected to account for 95 percent of lithium demand, and total needs will grow annually by 25 to 26 percent to reach 3.3 million to 3.8 million metric tons LCE depending on the scenarios outlined in Exhibit 2.

Where does US get lithium from? ›

Where are there lithium mines in the U.S.? Although lithium can be found all over the United States, there is only one operating mine in the country: the Albemarle Silver Peak Mine in Nevada. This mine uses the brine extraction method to pull lithium deposits from under the earth's surface.

Who owns the biggest lithium mine in the world? ›

The Greenbushes lithium mine is an open-pit mining operation in Western Australia and is the world's largest hard-rock lithium mine.
...
Greenbushes mine.
Location
Owner
CompanyTalison Lithium; JV between Tianqi Lithium (51%) & Albemarle Corporation (49%)
Websitehttps://www.talisonlithium.com/
13 more rows

Who owns the largest lithium mine in America? ›

Lithium Americas Corp.

Who owns the biggest lithium mine? ›

Mount Cattlin Lithium Mine in Western Australia, Australia, was the largest lithium-producing mine in the world, producing approximately 1,340 thousand tonnes of lithium and an estimated 1.8 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021.

Who Controls lithium in the world? ›

China controls at least two-thirds of the world's lithium processing capacity, and it's this more than anything that could give it a stranglehold on the battery market for years to come.

Does America have enough lithium? ›

The US theoretically has enough lithium in the ground to meet the growing demand. The US Geological Survey (USGS) reported that the US has 750,000 tonnes of economically recoverable lithium in 2021.

Can the US mine lithium? ›

The U.S. has a single open lithium mine, in Nevada, and imports the majority of its supply from Argentina and Chile.

Is lithium worth investing in? ›

With the growing popularity of electric vehicles (EVs) and the development of new technology that uses lithium rechargeable batteries, no wonder so many people are looking to invest their money. It's certainly an option worth considering, and that demand is only going to increase.

Will lithium run out? ›

Because lithium is not an infinite resource. In fact, according to Kipping, once EVs dominate the car market, there's about 70 years' worth of lithium until the identified global reserves are themselves depleted. After that, we'd have to turn to pulling lithium from the sea, which is a much more expensive proposition.

Is mining lithium bad for the environment? ›

According to a report by Friends of the Earth (FoE), lithium extraction inevitably harms the soil and causes air contamination. As demand rises, the mining impacts are “increasingly affecting communities where this harmful extraction takes place, jeopardising their access to water,” says the report.

Is Ukraine rich in lithium? ›

According to preliminary estimates, researchers believe that Ukraine is a treasure trove of lithium, holding about 500,000 tons of the “non-renewable mineral that makes renewable energy possible.” Lithium has become virtually irreplaceable in electric vehicle (EV) batteries because of its efficient energy storage per ...

Why are lithium stocks dropping? ›

The demand for electric vehicles has been outstripping supply for quite some time due to COVID lockdowns and supply chain issues. That said, increased demand is also being driven by Governments legislating the move away from internal combustion engines and a desire by consumers to be environmentally friendly.

How long do lithium batteries last? ›

The typical estimated life of a Lithium-Ion battery is about two to three years or 300 to 500 charge cycles, whichever occurs first. One charge cycle is a period of use from fully charged, to fully discharged, and fully recharged again.

Is lithium a rare earth metal? ›

These minerals—such as rare earth elements, lithium, and cobalt—can be found in products from computers to household appliances. They are also key inputs in clean energy technologies like batteries, electric vehicles, wind turbines, and solar panels.

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