Leading Lithium Ion Battery Manufacturers Are Competing for the Developing Market for Vehicle Electrification, According to Navigant Research
A recent report from Navigant Research examines the strategy and execution of eight leading lithium ion (Li-ion) battery manufacturers active in the light duty electric vehicle (EV) battery market. The report includes company profiles and rankings to provide industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global Li-ion vehicle electrification market.
The most successful Li-ion battery manufacturers to date are large and financially stable companies or subsidiaries of these types of companies. Leading companies provide Li-ion batteries to multiple markets, such as the consumer electronics and emerging stationary grid energy storage markets. Click to tweet: According to a recent report from @NavigantRSRCH, leading Li-ion battery manufacturers are also competing over the developing market for vehicle electrification.
“The automotive market is set to have a raft of plug-in hybrid EV and battery EV models introduced between now and the end of the decade,” says William Tokash, senior research analyst with Navigant Research. “If the current trend of battery price cost cutting continues, there is an opportunity for these products to break out into the mass market in the mid-term.”
A product strategy that combines a global reach with regional support and strong business relationships in the automotive sector will allow Li-ion battery manufacturers to meet the demands of vehicle OEMs on price, quality, and energy density. According to the report, it is important for companies to have a diverse Li-ion product portfolio within the EV Li-ion battery market.
The report, Navigant Research Leaderboard Report: Lithium Ion Batteries for Transportation, examines the strategy and execution of eight leading Li-ion battery manufacturers that are active in the light duty EV battery market. These players are rated on 12 criteria: vision; go-to market strategy; partners; production strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global Li-ion vehicle electrification storage market.