![]() It produces, markets, and sells a range of lithium-ion batteries to meet the growing requirements of consumers, such as the main battery for small devices and a backup battery for emergencies. Panasonic Corporation is a global leader in the development of diverse electronics technologies and solutions. Under Advanced Materials, the company develops top-quality materials for rechargeable batteries, the IT industry, and the automotive industry. It has a diversified, balanced, and globally competitive business portfolio comprising petrochemicals, advanced materials, life sciences, and subsidiaries specializing in batteries. It has continuously achieved growth through relentless challenges and innovations since its establishment. is a leading science-oriented corporation and chemical company that offers the world’s most advanced batteries. The company mainly offers lithium-ion cells, 4-cell modules, and 48-module packs of high-energy batteries for electric vehicle (EV) applications and lithium-ion cells, 8-cell modules, and 12-module packs of high energy batteries for hybrid electric vehicle (HEV) applications. It has a broad product portfolio comprising lithium-ion cells, modules, laminated cells, lithium manganese batteries, and battery packs. Envision AESC LimitedĮnvision AESC Limited is a leading global battery technology company that develops, manufactures, and markets lithium-ion batteries for automotive applications. Currently, the company is focused on developing a diverse portfolio of solutions for fully electrified vehicles to meet existing and future market demands. It is a subsidiary of Wanxiang America Corporation that specializes in low-voltage battery production, starter batteries, and 48V systems, offering excellent brake energy recuperation and an extended life cycle. A123 Systems LLCĪ123 Systems LLC is a global leader in lithium-ion energy storage solutions that manufactures nano phosphate lithium iron phosphate batteries and energy storage systems. More information about these companies has been provided below. Lithion Battery Inc., SK innovation Co., Ltd, and Hitachi, Ltd. ![]() The global lithium-ion battery market has several major players, including A123 Systems LLC, Envision AESC Limited, LG Chem Ltd., Panasonic Corporation, SAMSUNG SDI Co., Ltd., Toshiba Corporation, Amperex Technology Limited, BAK Group, Blue Energy Limited, BYD Company Ltd., CBAK Energy Technology, Inc., Tianjin Lishen Battery Joint-Stock CO., LTD. Try a free sample today! List of Top Companies Operating in the Lithium-Ion Battery Manufacturing Industry Worldwide Learn about opportunities, challenges, and trends in the global lithium-ion battery Manufacturing market with IMARC’s market research report. Looking forward, IMARC Group expects the market value to reach US$ 93.3 Billion by 2028, growing at a CAGR of 13.2% during 2023-2028. Furthermore, continual product innovations by leading players, such as the launch of nanobot tungsten lithium batteries, are creating a positive outlook for the market. They are also making heavy investments in research and development (R&D) activities to introduce miniaturized lithium-ion batteries with improved efficiency. This, coupled with the increasing adoption of li-ion batteries for sustainable energy distribution and extensive investments in the renewable energy sector, is driving the market toward growth.Īs per the analysis by IMARC Group, the top lithium-ion battery companies are focusing on developing and designing technologically advanced product variants. Besides this, governments of various countries are taking favorable initiatives to encourage the uptake of EVs to reduce the consumption of fossil fuels and control pollution levels. ![]() ![]() Moreover, the growing utilization of consumer electronics, including smartphones, tablets, laptops, wearables, and digital cameras, has augmented product demand. Additionally, the escalating sales of electric vehicles (EVs) that employ Li-ion batteries as energy storage devices for powering EVs owing to their energy efficiency and longer life cycle have catalyzed the market growth. The market is primarily driven by the rising product applications across numerous industries due to the enhanced energy density, lightweight, environment-friendly nature, long operating life, and high-power capacity of lithium-ion batteries. The global lithium-ion battery market reached US$ 45.0 Billion in 2022.
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