Top 10 EV Battery Manufacturers

The battery industry is a global powerhouse. With a high growth rate and a competitive environment, Asia is an innovator in the battery industry. The top 10 EV battery manufacturers are located in Asia, particularly Japan, China and South Korea. Together, they hold 70% of the global market. For instance, the coastal city of Ningde in China is home to a company known for its tea plantations. However, in just over 10 years, this small-town company has grown to become the world’s largest battery group.

Japan’s GS Yuasa, based in the city of Ningde, and Mitsubishi Motors have formed a joint venture called Lithium Energy Japan. LEJ is a Japanese battery manufacturer that specializes in producing lithium-ion batteries for automotive use. The Japanese company supplied the batteries for the Mitsubishi i-MiEV, which was launched in 2012. Likewise, Primearth EV Energy Co., Ltd., is a Japanese company that specializes in manufacturing prismatic nickel-metal hydride and lithium-ion battery packs. Until early 2011, PEVE produced battery packs based on NiMH.

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CATL is the second largest battery producer in the world. In 2020, the industry will need more than 133 gigawatt hours of capacity for EVs, a 40 percent increase from 2018. This is not surprising, considering that battery capacity per vehicle has been steadily increasing since the first EVs were introduced. And with more cars on the road, the battery capacity in each vehicle is growing rapidly. The Top 10 EV Battery Manufacturers

The Top 10 EV Battery Manufacturers in Asia

CATL is the largest producer outside of China, and is the second largest supplier of lithium-ion EV batteries in the world. It is a Tier 1 producer, which means it is one of the world’s largest EV battery producers. It is the world’s leading supplier of lithium-ion EV batteries. These battery companies are also the world’s top tier suppliers. With the growing demand for EVs, CATL has a long-term vision for becoming the number one EV battery company.

Panasonic is the world’s second-largest battery supplier and is considered a Tier 1 lithium-ion battery manufacturer. Its production capacity is estimated at 100 kWh, and it is the third largest EV battery producer worldwide. It is a Tier 1 lithium-ion manufacturer, meaning it meets the strictest standards for EV batteries. The world’s largest EV batteries are made by six Asian companies.

While China is a key supplier of EV batteries, it is also a critical link in the green-technology supply chain. Chinese companies have secured vast amounts of raw materials for battery production. In addition to Tesla, the Top 10 EV battery manufacturer in the world is Contemporary Amperex Technology. It is the largest manufacturer in Asia, with a 26% share of the global battery market. It is the second largest producer of EV batteries, after LG Energy Solution.