Top 10 lithium battery manufacturers in the world

At present, lithium-ion battery manufacturers have become the first choice for most large-scale fixed-type energy storage project developers and electric vehicles, consumer electronics, portable electronic products, etc., and the competition is becoming more intense. The most successful companies are basically large companies with specialized businesses that provide lithium batteries for consumer electronics and electric vehicles.

According to Navigant Research, by 2026, the market for stationary battery energy storage will be close to 29 GW, and the market for stationary lithium-ion energy storage will increase from $2.9 billion in 2017 to more than $23.1 billion. Driven by changes in regulatory rules and the introduction of subsidy policies, the market for faster growth of lithium batteries is mainly concentrated in North America, Europe and Asia Pacific. With the development of lithium battery manufacturing, around the purpose of providing low-cost, high-performance battery systems, The most critical challenges are battery safety and extended battery life, which are two of the weaker lithium batteries compared to other energy storage technologies.

Based on the above background, Navigant Research has studied the prospects of lithium-ion enterprises in the current fixed energy storage market, analyzed the advantages and disadvantages of several major lithium-ion enterprises in the field, and selected six indicators from the strategic level and the implementation level. Quantify them and rank each company according to the final score.

The lithium-ion companies in this list do not include: companies that do not produce lithium-ion batteries (including companies that outsource battery manufacturing to other companies, as well as companies that assemble, package, and integrate systems), and do not specifically target grid-level energy storage applications. Businesses in the business sector, companies that do not provide batteries or modules to at least two countries, companies that are currently in bankruptcy or are cleaning up assets.

This competitive landscape report mainly evaluates mainstream players in the lithium-ion battery industry from 12 standards, as follows:

01, strategic level

1. Vision, a company that measures the company's stated goals for designing market solutions to the actual needs of its customers, communicates effectively with customers, and has a clear and convincing vision to achieve higher scores;

2. Go-to-Market Strategy, assessing the company's strategy to achieve its target market, including the use of sales and marketing channels, and the process of creating brand differentiation and unique product value for the target market;

3.Partners, measuring the partnerships between the company and key organizations, the relationships with well-known energy storage project developers, and the relationships established between other suppliers in the supply chain;

4.Production Strategy, assessing the long-term competitiveness of a production plan as an effective solution to meet market demand, including assessing the manufacturing capabilities of a company that meets market expectations and needs for quality-compliant products;

5.Technology, assess whether the company develops its own technology or has a technology patent;

02, the implementation level

1.Sales, Marketing and Distribution, assess the company's market and sales performance and current distribution channels. Companies with high market share will receive higher scores;

2. ProductPerformance to assess the competitiveness of energy storage system performance;

3. ProductQualityandReliability, assessing the quality and reliability of the energy storage system delivered to the customer, the company's strategy for developing quality products for the market and its record of quality on the current product line;

4.ProductPortfolio, to solve the relative competitiveness of products in the market, and the applicability to the market. Companies with unique designs and the ability to meet specific needs in the target market can get higher scores;

5.Pricing, determine the appropriateness of pricing based on product characteristics, whether there are multiple price points to choose from, and how to price compared with competitors' products;

6. StayingPower, assess whether the company has the financial resources to withstand the market and price shocks of its competitors, and, in the case of a weak market, measure the likelihood that the company will continue to advance battery products. Companies with strong financial resources and the ability to survive the downturn in the market will receive high scores.

The list evaluates the strategy and implementation of 10 major lithium-ion battery manufacturers. Navigant Research conducted horizontal and vertical coordinate analysis (strategy and execution) for the top 10 companies. 

Here are the top 10 lithium-ion battery companies this year:

01.  Ningde era (CATL)

NavigantResearch also divided the top 10 players this year into four categories: leaders, competitors, challengers, and followers. Among them, LGChem and Samsung SDI have performed very well at both the strategic and executive levels. They are listed as Leaders. They are all multinational group companies. The company specializes in lithium battery energy storage and provides competitive products. Ten profitable systems, and financial resources to provide protection for competition, and they also have system integration capabilities to directly support their lithium battery storage business. Navigant Research believes that these two companies will lead the development of current and next-generation lithium batteries in the next few years. Six companies, including BYD, Panasonic, Kokam, Toshiba, Saft, and Leclanché, were included in the second category of Contenders, which demonstrated the endurance required in a competitive market and had significant financial resources for future investments. Electrovaya and CATL are listed as the third category of Challengers, adopting different strategies to gain market share.

In recent years, lithium-ion batteries have been the technology of choice for solid-state storage projects. Due to the combination of low cost, energy density, efficiency and safety, this technology has become the first choice for many fixed energy storage system (ESS) developers.

Lithium-ion batteries have also driven the energy storage market for electric vehicles and consumer electronics. The rapid growth of these markets has enabled suppliers to develop economies of scale through significant investments in new production facilities that lower prices.

Lithium-ion manufacturers are increasingly competitive in the global market, with companies competing for market share and investing heavily in manufacturing and R&D.

To date, the most successful companies for the fixed battery energy storage market are large companies with mature businesses that supply lithium-ion batteries for electric vehicles and consumer electronics.

02. LG Chem 

the world's largest supplier of lithium batteries

Among the top 20 auto brands in the world, LG Chem has cooperated with 13 of them, and regardless of the production capacity, LG Chem has become the world's “largest” lithium battery supplier for vehicles.

Among its competitors such as Panasonic and AESC, LG Chem is the only battery company based on chemicals and materials.

Recently, LG Chem has just announced the design of a lithium-ion battery module for Mahindra Electric, and created a battery pack for use in products of the Ma Hengda Group and other customers.

03. Samsung SDI

Samsung's third-generation power battery energy density is 550 wh / L, equivalent to 210-230 wh / kg, has achieved mass production. The next generation of 3.5-generation products can reach an energy density of 630 wh/L and is expected to be mass-produced in 2019. In the field of power batteries, Samsung has been increasing its investment in fast charging technology.

04. BYD

BYD's technology is mainly based on lithium iron phosphate batteries , but in recent years it has also invested heavily in ternary power batteries and achieved a leading position.

05. Matsushita

Powered lithium-ion batteries from Panasonic perform extremely well in terms of energy density, cycle stability, and batch repeatability, and even Tesla is the Panasonic battery of choice . In October last year, Matsushita announced the expansion of the Himeji production plant in western Japan to further expand the capacity of lithium-ion batteries in Japan.

06. Korea Kokam

In 2016, it signed an agreement with South Korea's largest utility power company to develop a 36MW power storage system. The purpose is to adjust the frequency of the Non-Gong substation in Korea. By the end of 2017, Kokam also installed a 500MW energy storage system. The system will use Kokam's two lithium-ion battery technologies: ultra-high-power nickel-manganese-cobalt batteries and nano-battery technology.

07. Toshiba

In January of this year, Toshiba officially announced that it has successfully developed a new generation of lithium-ion battery for vehicles (referred to as: SCiB), which is called "super-fast charge battery" by Toshiba. The measured data shows that this new lithium-ion battery can reach charge 6 Minutes, drive for 320 kilometers.

08. Handsome blessing

Shuaifude from Zhuhai, China is the world's leading designer, developer and manufacturer of advanced high-tech industrial batteries. Its lithium-ion battery system is widely used in many terminal markets such as civil and military. In addition, Saft is a world-class expert in lithium-ionspecial batteries, while providing lithium-ion batteries for clean energy vehicles and new technologies for renewable energy storage.

09. Leclanché, Switzerland

Leclanché is a well-known Swiss battery manufacturer with more than a century of battery development and production. Leclanché also installs the battery as a module and system. Last October, it also joined the European Union to start the battery industry alliance.

10. Electrovaya, Canada

Designed, developed and manufactured a patented lithium-ion battery that delivered a next-generation battery pack to Dongfeng with a capacity increase of approximately 20%. In the year of 2015, Electrovaya's market value has more than fivefold.

Ningde era (CATL)

The good results of the Ningde era are closely related to the development of new energy vehicles. On November 10, 2017, the Ningde Times (CATL) announced the initial public offering prospectus.

Navigant Research pointed out that although several market barriers may limit growth in the short term, the volume and potential of the lithium-ion industry should not be underestimated, and it is expected to exceed $23.1 billion by 2026.

In terms of leading markets, market growth will be mainly distributed in North America, Europe and Asia. Driven by regulatory changes and incentives, the price of lithium-ion batteries in these regions will fall enough to compete with retail electricity prices.

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The lithium battery industry is still a growth industry, and some companies with medium lithium battery manufacturers rank middle in terms of income and asset growth. The top lithium battery manufacturers have performed well in terms of business performance, corporate governance and branding, and have a large room for growth in the future, but the relative ranking of domestic lithium battery manufacturers is not stable, and the speed of technological progress is faster. The opportunity to transcend is open and equal.

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