LG Chem, Panasonic, and Samsung SDI Score Highest in Assessment of Lithium Ion Battery Manufacturers, According to Navigant Research
A new Leaderboard 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.
As the market for Li-ion batteries for vehicle electrification continues to develop, several companies have emerged as leaders. To date, the most successful Li-ion battery manufacturers are large, financially stable companies, or subsidiaries of these types of companies, that provide Li-ion batteries to additional markets. Click to tweet: According to a new Leaderboard Report from Navigant Research, LG Chem, Panasonic, and Samsung SDI lead the Li-ion battery market for transportation in terms of strategy and execution.
“Most new-production strong hybrid electric vehicles (HEVs) and all plug-in vehicles (PEVs) are expected to be shipped with Li-ion batteries in the coming years,” says William Tokash, senior research analyst with Navigant Research. “It’s anticipated that well-funded, stable Li-ion battery companies—particularly those focused on relationships with original equipment manufacturers in the United States, China, and Western Europe—will be in the best position to succeed in the coming years.”According to the report, battery electric vehicles (BEVs) are expected to account for the majority of demand for Li-ion EV batteries. This is due to the larger battery packs typical of these vehicles, which are expected to have 72 percent of the market.