Market Trend Report

Global Market Trends, Overview, Industry Analysis & Research Report

Lithium ion Battery Manufacturers for Electric Vehicles

Lithium-ion batteries require low-maintenance and they utilize interrelated lithium compound as electrodes. As these batteries are relatively lighter than their counterparts, they are utilized in a vast array of products such as automobiles, mobile devices, pacemakers and personal computers. According to the global lithium-ion market report by IMARC Group, the market reached a value of US$ 28.5 Billion in 2018.

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Automotive Energy Supply Corporation (AESC), LGCHEM (051910.KS), PANASONIC CORP (PCRFY), SAMSUNG SDI CO.,LTD. (006400.KS), TOSHIBA CORP (TOSBF), Amperex Technology (ATL), TBC BANK GP share price (TBCG), BYD COMPANY (1211.HK),BLUE ENERGY LIMITED. (BLU), Tianjin Lishen Battery, Valence Technology, SK innovation, and Hitachi Ltd.

With the rising internet penetration and inflating income levels of consumers, the sales of portable electronic devices like mobiles and laptops are continually increasing which, in turn, is strengthening the growth of the lithium-ion battery market worldwide. Moreover, consumers nowadays are shifting from conventional automobiles to electric vehicles that use lithium-ion batteries to operate. This can be accredited to the growing awareness among users about reduced greenhouse gas emissions associated with the use of electric vehicles. Looking forward, the global lithium-ion battery market size is further projected to reach US$ 53.8 Billion by 2024, at a CAGR of 11% during 2019-2024. Some of the top lithium-ion battery manufacturers are:

 

  • A123 Systems
  • Automotive Energy Supply Corp.
  • LG Chem
  • PanasonicSamsung SDI
  • Panasonic
  • Toshiba
  • Amperex Technology (ATL)
  • BAK Group
  • Blue Energy
  • BYD

Source: IMARC Group

 

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