A recent Benzo Energy · UFine Technology report gives us a statistical data that substantiates the growing popularity of Li-ion batteries. It tells us that between 2012 and 2016, the lithium industry’s growth almost doubled from USD 11.7 billion to 22.5 billion. Looking at the current scheme of things, the same report also estimated that in the next five years, the global lithium industry will cross USD 70 billion.
This week, we select the top 10 companies that are manufacturing lithium ion batteries.
Take a look:
Panasonic’s tryst with lithium ion began with the boom in electric automotive. Panasonic is currently manufacturing batteries for tech and automotive giants Tesla, whose cars are well-renowned in the world for their efficiency and performance. Apart from that, the firm is also involved in manufacturing communication systems and security systems.
2. CATL - Japanese and Korean opponents
Established: 2011 Headquarters: Ningde, Fujian
CATL is based in ATL and is headquartered in Ningde, Fujian. It also has a production base in Qinghai with a total production capacity of 32Gwh. The main customers include Beiqi, BMW Brilliance, Geely, FAW, CSR Times, Xiamen Jinlong, Zhengzhou Yutong and Zhongtong Bus.
In 2018, CATL power battery sales revenue was about 22 billion yuan.
Joining the ranks is a Chinese firm that offers its lithium ion battery technology to the automobile industry. The firm makes both lithium ion batteries along with electric cars that makes it one of the very few carmakers with an in-house battery manufacturing department. Recently, BYD won multiple bids to supply electric cars for the US market, despite the ongoing trade war between the US and China.
4. Samsung SDI
A complete subsidiary of Samsung electronics, Samsung SDI is dedicated to fuel research and innovation in lithium ion technology, both for in-house use and for potential clients elsewhere. Currently, the firm is engaged in the production of lithium ion batteries, solar energy panels, and energy storage systems among other things. Samsung SDI has a presence in some of biggest markets of the world including the likes of Germany, Malaysia, and the USA.
Toshiba has made a huge investment in its R&D department for lithium technology. The firm is currently engaged in manufacture and sales of lithium ion batteries and related storage solutions for the automotive and telecommunication sectors. As part of its diversification process, the firm has engaged itself in the production of general logic ICs, and flash storages as well.
6. LG Chem
LG Chem is one of the world leaders in making lithium ion batteries as it caters to a wide variety of industries. From providing energy solutions to the petrochemical industry to the aviation industry, LG Chem has made deep inroads spread across a myriad of different sectors. The company also makes heavy duty batteries for consumer goods like smartphones and laptops.
Ever since launching its Model S and Model X, Tesla has constantly found itself in the pinnacles of automotive excellence. All that is due to the long lasting batteries that their cars come equipped with. While Tesla is currently purchasing the batteries from Panasonic, it is going to open a Gigafactory in Australia and the US, along with Panasonic that will take care of all its automotive needs. When the Gigafactory starts production, it will be the largest facility in the world dedicated to the production of lithium ion batteries.
8. A123 Systems
This American firm is dedicated to manufacturing nano phosphate lithium ion batteries. Among its various lithium ion battery offerings include energy modules, and other power management systems. A123 Systems boast of a special phosphate Li-ion battery technology called LiFePO4 that delivers high energy density to enhance the life cycle of the battery.
9. eCobalt Solutions
Based in Canada, eCobalt Solutions has positioned its lithium ion technology towards the growing renewable energy sector. The renewable energy industry seems to be a great place in terms of an investment especially for lithium ion battery manufacturers as the sector has huge potential and also a lot of demand.
10. Johnson Controls
Rounding off the list is Johnson Controls which is one of the biggest Lithium-ion Battery manufacturers in the world. In fact, it is so big that nearly 35 per cent of lithium ion batteries in the global EV market are made by Johnson Controls. The firm offers Li-ion batteries for automobiles from all classes, including passenger vehicles, commercial vehicles, and recreational vehicles.
So there you have it. As is evident, today, the energy sector and automobile sector are among the biggest takers of the lithium ion technology. As these sector continue to grow in the future with alternate sources of energy becoming more common, it is only expected that the lithium ion technology will continue to grow.
BENZO Energy / UFine Technology Co.,Ltd ( benzoenergy.com ) is located in Shenzhen China. It is a high-tech enterprise specializing in Researching and manufacturing of polymer li-ion batteries.
The polymer li-ion batteries produced in this company have such advantages as high safety, high capacity, long cycle life, small volume, ultra-thin flexible design, excellent performance of charge/discharge at high rates, which can conform to CE, UN,UL and ROHS standards and can be used in mobile phones, bluetooth, MID, portable DVD, MP3 / MP4, digital camera, electric toys and tools, energy storage equipment, electric-bike, GPS, miner lamp, LED lamps, medical devices and so on.