Navigant Research Ranks LG Chem, Samsung SDI As World’s Leading Lithium-Ion Battery Makers

JUN 25 2015 BY MARK KANE 13

LG Chem Now Offering 80 and 120 kWh Sized Lithium-Ion Batteries

LG Chem

According to Navigant Research, two Korean companies LG Chem and Samsung SDI are best positioned in the lithium-ion battery market for the energy storage systems.

They are followed by a few Chinese, Korean and Japanese companies among a total of 15 evaluated over the strategy and execution 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.

Well, there is no Tesla in the paper, but Panasonic is mentioned among the contenders.

“Due to an attractive combination of energy density, efficiency, and price points, Li-ion is emerging as a go-to technology for many energy storage system developers. In recent years, two Li-ion battery manufacturers have emerged as leaders in the grid storage market based on sound strategy, diverse target markets, well-developed manufacturing capabilities, and strong partnerships.”

“Although large, leading multinational players have emerged as market leaders, niche entrants are well-positioned to grow with the grid storage market, according to the report. Companies often specialize in one or more subchemistries of Li-ion, which are better suited for certain applications on the grid, creating a diverse and competitive manufacturing landscape.”

Samsung SDI residential energy storage systems (ESS) at Intersolar Europe 2015 in Munich, Germany

Samsung SDI residential energy storage systems (ESS) at Intersolar Europe 2015 in Munich, Germany

Anissa Dehamna, principle research analyst with Navigant Research, said:

“LG Chem and Samsung SDI, both based in South Korea, have market-leading businesses for the electric vehicle and consumer electronics markets, which has created a foundation allowing for economies of scale through manufacturing.“Both companies have positioned themselves as global manufacturers and can offer consistently low prices for quality Li-ion cells.”

Well, we are not sure how to evaluate this work by Navigant Research, but if you are interested in the full report, here it is – Navigant Research Leaderboard Report: Li-Ion Grid Storage.

Categories: Battery Tech

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13 Comments on "Navigant Research Ranks LG Chem, Samsung SDI As World’s Leading Lithium-Ion Battery Makers"

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Someone should forward this article to Bob Lutz.

Great remark! Based on his last interview there is no question Bob Lutz needs to catch up. He seems stuck back in the lead acid era.

But Tesla, gigafactory, elon, powerwall…

100 comments and go!

I’m not so sure about BYD being closer to the “Leaders” than Panasonic, but I can’t really say I’ve been following their China market battery plans. Maybe this is true on a global view, but from a US view, it doesn’t seem to match current trends here.

I thought Samsung is not very good because of high weight of X5 PHEV and 3series with Little electric Range. Perhaps BMW build in old lead starter batteries.

The ranking I would love to see done by a research company would be to rank these research companies by just how far off the mark their predictions in the area of EVs and battery tech turned out to be.

Lux Research would likely top the chart for worst; would Navigant be far behind? 😀

Navigant’s Anissa appears to be more experienced and this report can be somewhat subjective since it’s ranking leadership.

Lux Research’s Cosmic on the other hand is a total fail.

Sorry, typo. Meant to say “Cosmin”.

Panasonic, NEC (owns A123 storage as well as 1/2 Nissan’s AESC)

Panasonic is appropriately 2nd tier because it has most of it’s batteries in only one basket (Tesla) and it’s not nearly as successfully diversified product wise or financially, as LG or Samsung. I’m surprised that Samsung SDI is at par with LG Chem though, as LG has gained many recent contracts, including GM & Nissan.

If you’re just looking for a diversified customer range, don’t forget Samsung SDI has a huge base in the consumer electronics battery space.

But so does Panasonic.

That’s a double-edged sword. Many of Panasonic’s other fields aren’t doing so well, which may or may not be affecting its position.