The electric-vehicle battery market has grown rapidly in recent years due to the increasing adoption of EVs and the need for high-capacity, long-lasting batteries. According to a report by BloombergNEF, the global EV battery market is expected to reach $116 billion by 2030.
Here is a list of some of the major EV battery companies by country, along with their estimated values and notable achievements:
China:
- Contemporary Amperex Technology Co., Limited (CATL): Estimated value of $243.6 billion USD. CATL is a leading producer of lithium-ion batteries for EVs and energy storage systems, and has partnerships with several automakers including Tesla, Volkswagen, and BMW.
- BYD Company Limited: Estimated value of $76.5 billion USD. BYD is a Chinese manufacturer of electric vehicles and batteries, and produces batteries for its own EVs as well as for other automakers.
South Korea:
- LG Energy Solution: Estimated value of $20.5 billion USD. LG Energy Solution is a subsidiary of LG Chem, and produces lithium-ion batteries for EVs and energy storage systems, and has partnerships with several automakers including General Motors and Hyundai-Kia.
- Samsung SDI Co., Ltd.: Estimated value of $9.1 billion USD. Samsung SDI produces lithium-ion batteries for EVs and energy storage systems, and has partnerships with several automakers including BMW and Rivian.
Japan:
- Panasonic Corporation: Estimated value of $27.3 billion USD. Panasonic is a leading producer of lithium-ion batteries for EVs and energy storage systems, and has partnerships with Tesla and Toyota.
- GS Yuasa Corporation: Estimated value of $1.6 billion USD. GS Yuasa is a Japanese battery manufacturer that produces batteries for a wide range of applications, including automotive, and has partnerships with several automakers including Honda and Mazda.
United States:
- Tesla, Inc.: Estimated value of $659.7 billion USD. Tesla is a leading producer of electric vehicles and energy storage systems, and produces its own batteries at its Gigafactories.
- General Motors Company: Estimated value of $98.8 billion USD. General Motors has invested heavily in EVs and battery technology, and plans to launch 30 new EVs by 2025 using batteries from its joint venture with LG Energy Solution.
These are just a few examples of the many EV battery companies operating around the world. As the demand for EVs continues to grow, it is likely that the EV battery industry will play a crucial role in driving innovation and technological progress in the automotive industry.
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