Lithium-ion Battery companies

Key Lithium-ion Battery Market Players:

Here is a list of key players operating in the global market:

• CATL (China)
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• BYD (China)
• LG Energy Solution (South Korea)
• Panasonic Energy (Japan)
• Samsung SDI (South Korea)
• SK On (South Korea)
• CALB (China)
• EVE Energy (China)
• Gotion High-Tech (China)
• Envision AESC (Japan/UK)
• Farasis Energy (China)
• SVOLT (China)
• Northvolt (Sweden)
• ACC (Automotive Cells Company) (France)
• Saft (France)
• VARTA (Germany)
• Tesla (U.S.)
• Tata Agratas (India)
• Recharge Industries (Australia)
• Panasonic Energy Malaysia Sdn. Bhd. (Malaysia)

The market is concentrated, with China’s CATL and BYD leading global EV battery share, followed by South Korea’s LG Energy Solution, Samsung SDI, and SK On, and Japan’s Panasonic, each scaling capacity, vertical integration, and long-term OEM contracts. European challengers like Northvolt and ACC are localizing supply chains and recycling to meet EU sustainability targets in mining. Strategic initiatives include gigafactory buildouts, cathode/anode precursor investments, recycling partnerships, and chemistry diversification (LFP/NMC) to balance cost, safety, and performance, thus tightening competition while improving resilience across regions. Besides, in June 2024, Toshiba Corporation and Sojitz Corporation of Japan, along with Brazil’s CBMM, completed the development of a cutting-edge lithium-ion battery that utilizes niobium titanium oxide (NTO) in the anode, thereby making it suitable for uplifting the market globally.

Corporate Landscape of the Market:

• CATL remains the global leader in EV batteries, holding the highest market share with standard storage installations. Its dominance stems from large-scale production, cost efficiency, and partnerships with major automakers worldwide, making it the benchmark for innovation and supply chain integration.
• BYD ranks second globally in the market share, installing massive storage facilities. Unlike CATL, BYD integrates battery production with its own EV manufacturing, giving it a competitive edge in vertical integration and rapid deployment of LFP chemistry.
• LG Energy Solution targets the majority of the global market share by 2025, supported by partnerships with Tesla, GM, and Hyundai. The company invests heavily in research and development for next-generation chemistries such as lithium-sulfur and bipolar batteries, while expanding U.S. and European gigafactory capacity to diversify away from China.
• Panasonic Energy remains a key supplier to Tesla and other OEMs, focusing on advanced cylindrical formats. While its global share has declined compared to CATL and LG, Panasonic’s strength lies in high-performance cells and long-standing relationships with premium EV manufacturers.
• Samsung SDI maintains a strong presence in premium EVs and energy storage, with steady growth in prismatic and pouch cell formats. The company emphasizes safety and high energy density, positioning itself as a reliable supplier for European automakers and ESS projects despite intense competition from CATL and LG.