LG Chem, Panasonic & Samsung SDI Are Top 3 Lithium-Ion Battery Makers In Transport Sector

2 years ago by Mark Kane 15

Navigant Research Leaderboard Report: Lithium Ion Batteries for Transportation

Navigant Research Leaderboard Report: Lithium Ion Batteries for Transportation

LG Chem battery cell quality inspection

LG Chem battery cell quality inspection

Navigant Research’s report on lithium-ion battery suppliers indicates that there are now three top suppliers – LG Chem, Panasonic and Samsung SDI.

Nissan-backed AESC leads the second pack of Contenders, which includes BYD, A123 Systems and Johnson Controls.

The Challengers group consists of just one company – Lithium Energy Japan, backed by Mitsubishi.

Other insights from Navigant Research is progressive translation from NiMH in hybrids to lithium-ion batteries (already common in all-electric and plug-in hybrids).

Most lithium-ion batteries (72% of all in the automotive industry) are to be used in all-electric cars, due to their large packs.

“While the market for Li-ion batteries for vehicle electrification is just beginning to develop, several companies have emerged as leaders. The most successful Li-ion battery manufacturers to date are large and financially stable companies or subsidiaries of these types of companies. Additionally, the leaders provide Li-ion batteries to multiple markets, such as the consumer electronics and emerging stationary grid energy storage markets. In terms of energy capacity, Navigant Research expects the global market for Li-ion batteries for light duty consumer HEVs and PEVs to grow by a 2015-2020 compound annual growth rate (CAGR) of 31.9% to 61.3 GWh. The majority (72%) of demand for Li-ion electric vehicle (EV) batteries is expected to come from battery electric vehicles (BEVs) due to the larger battery packs typical of those vehicle types.

This Navigant Research Leaderboard Report 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.”

Top Vendors:

1. LG Chem

2. Panasonic

3. Samsung SDI

4. AESC

5. Johnson Controls

6. BYD

7. A123

8. Lithium Energy Japan

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15 responses to "LG Chem, Panasonic & Samsung SDI Are Top 3 Lithium-Ion Battery Makers In Transport Sector"

  1. BarbaraB says:

    Would love to invest in one of these companies, but I’m not sure any of the top 3 have shares that are readily traded in the US.

  2. sven says:

    What about Hitachi? They make the lithium-ion battery for the 2016 Malibu Hybrid, which gets a very impressive 48 miles per gallon city, 45 mpg highway and 47 mpg combined. Also, Hitachi recently announced that they have reduced the internal resistance of all-solid-state lithium-ion batteries, which improves the charge-discharge performance and makes them thermally durable. These batteries can operate at temperatures as high as 150˚C with a discharge capacity of 90% of theoretical value.

  3. Henry says:

    Is LG Chem and SK Innovation related at all? If not, shouldn’t they be in this graph too?

    http://www.electric-vehiclenews.com/2015/07/sk-innovation-doubles-automobile.html

    1. R.S says:

      LG Chem is in the top right corner, SK might be too small to be included, they just produce 300 MWh for now, thats less than 4000 Teslas and just 12500 Leaf batteries a year(Lithium energy Japan, which is the lowest rated company on the scale, already has a capacity of more than 2GWh a year) . But that might change, as your article claims.

  4. Nelson says:

    Where is Dyson, who bought battery startup Sakti3, on that graph?

    NPNS! SBF!
    Volt#671

    1. Robb Stark says:

      Exactly where it belongs.

  5. SparkEV says:

    What is it about Korean companies that make them lead in battery tech? SparkEV is from Korea, and Bolt will be much from LG, too. Hmmm?

  6. Soben says:

    Electrovaya is missing too – they took over the battery business from evonik and daimler. bosch is not listed either. Think there are a few missing

  7. Pushmi-Pullyu says:

    “These players are rated on 12 criteria: vision; go-to market strategy…”

    Oh, I thought the article was claiming that LG Chem had actually passed Panasonic in battery cell production, and that Samsung had passed AESC.

    Now I see this is just a ranking according to some arbitrarily chosen criteria by some corporate suits, probably with the intention of promoting some favored stocks.

    Nothing to see here; move along, move along.

  8. Tech01x says:

    Has Navigant ever been right about their research? Past history suggests they have no clue.

  9. Rolf says:

    I think that some companies should appear in the -so far- empty “followers” section:
    – Bosch / Seeo with their DryLyte technology
    – BroadBit with their Sodium battery
    – perhaps also GRABAT with their graphene based tech.
    Why do the Navigant people create a followers section and put nobody in?

    1. Josh says:

      I had that criticism too, but without reading the full report. There might be some requirements (production, revenue, etc.) that may exclude other players.

      One thing is for sure, some of the information to compile these comparisons comes from the battery vendors being compared. So the vendors that play nice with their proprietary information get a bias towards better rankings.

      Decide for yourself what that means.

  10. zzzzzzzzzz says:

    Is it what, beauty contest???

  11. Phil says:

    I think you’ll get more return on your invest when you look after potential Lithium supplier. E.G.PILBARA MINERALS from Australia is in my opinion one of the biggest short term investment chances in 2016.