Home » Industry Update » Top 17 Lithium-ion (Li-ion) Batteries Companies in the World Lithium-ion batteries, abbreviated as Li-ion batteries, are a popular type of rechargeable battery found in a wide range of portable electronics and electric vehicles. At their core, these batteries function through the movement of lithium ions between a carbon-based anode, typically graphite, and a cathode made from lithium metal oxide. This movement occurs during the charging and discharging cycles. The battery’s structure also includes an electrolyte, a lithium salt solution in an organic solvent that facilitates the flow of ions, and a separator, a porous membrane that prevents short circuits while allowing ions to pass through. Notably, Li-ion batteries are celebrated for their high energy density, which allows them to store significant energy in a small volume, making them particularly useful for portable devices. When charging, lithium ions move from the cathode to the anode, storing energy, and during discharge, they return to the cathode, releasing energy to power the device. These batteries are known for their long lifecycle, enduring hundreds to thousands of charge-discharge cycles before significant capacity loss. However, Li-ion batteries also come with concerns. Safety issues such as overheating and the potential for catching fire, often due to thermal runaway, are notable drawbacks. This problem arises when damage or improper handling leads to an uncontrolled increase in temperature, potentially causing fires or explosions. AVIC Lithium Battery, established in 2009 and headquartered in Changzhou, China, is a significant player in the lithium-ion battery manufacturing sector. With a focus on electric vehicles, energy storage, and UPS systems, the company boasts innovative technologies and a growing market presence, including significant expansion projects and a dedicated R&D approach. Lithium-ion battery manufacturers are currently navigating a complex array of challenges stemming from raw material sourcing, competitive market dynamics, and technological advancements. A key issue is the growing demand for battery-powered devices, which has intensified pressure on the supply of raw materials such as cobalt, a mineral predominantly found in the Republic of the Congo. This surge in demand has led to a notable scarcity of essential minerals like lithium, cobalt, nickel, and manganese, which are critical for the manufacture of lithium-ion batteries. Further complicating the scenario is the limited access to these mineral resources.

The lithium-ion battery market alone is expected to exceed $182.5 billion by 2030, with an annual growth rate of 20.3%. [1] [2] Investment in this sector, both private and governmental, is rapidly expanding. Over 1,000 GWh per year of U.S. battery production capacity is set to come online by 2028, sufficient to meet all of the Environmental Protection Agency’s projected demand for 2030 and 85% of the projected demand for 2032. [3] Currently, there are thousands of companies globally involved in battery manufacturing, ranging from large multinational corporations to smaller, specialized firms. We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know? China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. [4] 13. Amperex Technology Limited (ATL) ATL manufactures lithium-ion batteries for consumer electronics, particularly smartphones and tablets. It excels in producing compact, lightweight batteries that deliver high performance. A significant portion of ATL’s revenue comes from designing and customizing batteries to meet the specific needs of its clients. The company collaborates closely with brands that manufacture smartphones, tablets, notebooks, drones, and other OEMs. In 2023, ATL partnered with AM Batteries and Group14 Technologies. SVOLT is a rapidly growing Chinese battery manufacturer focused primarily on lithium-ion batteries for electric vehicles and energy storage systems. It is a pioneer in the development of cobalt-free lithium-ion batteries, which are both cost-effective and environmentally friendly. The company is actively researching and developing solid-state battery technology, which promises improved safety, higher energy density, and faster charting times compared to conventional lithium-ion batteries. SVOLT has multiple manufacturing facilities with different production capacities. For example, the Thailand plant has a capacity of 60,000 battery modules and packs per year. It plans to build five production plants in Europe, targeting a production capacity of at least 50 gigawatt-hours on the continent by the end of the decade. [9] 9. Sunwoda Sunwoda offers a broad range of battery products, catering to diverse industries from consumer electronics and energy storage to automotive. This diversification helps the company maintain a stable revenue stream across different market segments. In 2023, Sunwoda reported approximately $6.7 billion in revenue and $135 million in net profit, driven by increased demand for its battery products and improved operational efficiency. [10] The company has developed all-solid-state batteries with capacities of up to 20 Ah and energy densities of over 400 Wh/kg. It has also established a 100,000-ton lithium battery recycling and smart energy storage manufacturing project in Shandong Province. CALB (short for China Aviation Lithium Battery Technology) is among the top five Chinese battery manufacturers specializing in the research, development, production, and sales of high-quality lithium-ion batteries. It operates multiple production facilities across China, with major plants located in Wuhan, Luoyang, and Changzhou. The company prioritizes safety in its battery designs, incorporating advanced features to prevent overheating and short-circuiting, ensuring reliability for both electric vehicles and energy storage systems. In 2022, CALB launched its IPO on the Hong Kong Stock Exchange, raising $1.27 billion to fund its expansion and further R&D investments. By 2023, the company achieved an annual revenue of $3.8 billion, marking a 32.5% year-on-year increase. Plus, its gross margin rose to 13%, up from 10.3% the previous year. [13] 6. Samsung SDI Samsung SDI is a major supplier of lithium-ion batteries for EVs. It develops and supplies key battery materials like cathode materials, which are crucial for the performance and efficiency of lithium-ion batteries. The company has secured supply agreements with leading automakers, including Stellantis, Rivan, BMW, and Volkswagen Group. In 2022, they started building a pilot line for solid-state batteries in Suwon, South Korea, with the first production from this line starting the following year. In 2023, Samsung SDI allocated $860 million to R&D, representing nearly 5% of its annual revenue.

The lithium-ion battery manufacturing industry is centered around creating, developing, and marketing highly efficient, safe, and environmentally friendly energy storage systems. Companies operating in this sector, such as Samsung SDI and Contemporary Amperex Technology Co., Limited, produce numerous products varying from small-sized Li-ion batteries to large power devices. These batteries are essential in numerous applications, including electronic devices, electric vehicles (EVs), and renewable energy storage systems. The industry is progressively moving towards advancement and innovation, working relentlessly to improve battery safety, lifespan, and overall performance. 1. Samsung SDI Samsung SDI is a creative leader of technology and market, specializing in energy storage solutions. They offer a wide range of products such as small-sized Li-ion batteries, electronic materials, power devices, and more. With a commitment to sustainability and innovation, they provide quality management and partnership for automotive applications. Their expertise in separator and electrolyte ensures battery safety. The company emphasizes shared growth with suppliers, promoting mutual cooperation and supporting small-to-medium companies for technological advancement. 2. Contemporary Amperex Technology Co., Limited Contemporary Amperex Technology Co., Limited (CATL) is a leading manufacturer and provider of lithium-ion energy storage systems and solutions. With a focus on innovation, they offer safe, efficient, and economical lithium-ion battery systems for various applications, including electric vehicles, renewable energy storage, and more. 3. SUNWODA Electric Automobile Battery Co., Ltd. is a company based out of 1-2 FLOOR, BUILDING A, YAN WANDA INDUSTRIAL PARK, TONG MING SOUTH STREET, NO. 18, Shenzhen, China. 18. Farasis Energy, Inc. Farasis is a company specializing in energy solutions for green transportation, smart energy storage, and low-carbon construction. They offer sustainable products and services to support the development of a greener and cleaner future. 19. Sakuu Sakuu Corporation is a pioneer in battery manufacturing, particularly in the field of solid-state batteries. Their Kavian™ platform and Swift Print™ cells offer a novel, rapid, and sustainable approach to producing battery cells, helping to meet global demand. With a focus on reducing material use, energy consumption, and carbon emissions, Sakuu aims to transform industries and contribute to a healthier planet. 20.

According to Expert Market Research, the top 12 lithium-ion battery companies are Contemporary Amperex Technology Co., Limited (CATL), LG Energy Solution, Panasonic Corporation, BYD Company Ltd., Samsung SDI Co., Ltd., SK Innovation Co., Ltd., CALB-CALB Co., Ltd. (CALB), Toshiba Corporation, A123 Systems LLC, Envision AESC Group Ltd, TianJin Lishen Battery Joint-Stock Co., Ltd., and Shenzhen Grepow Battery Co., Ltd. As per the analysis by Expert Market Research, the global lithium-ion battery market attained a value of USD 42.90 billion in 2024. The market is further anticipated to grow at a healthy CAGR of 10.80% during the forecast period of 2025-2034 to reach USD 119.63 Billion by 2034. An advanced type of battery, a lithium-ion (Li-ion) battery makes use of lithium ions as a crucial part of its electrochemistry. Many everyday electronic products, including earbuds, laptops, and cell phones, use lithium-ion batteries. With the spike in demand for electric vehicles, such as electric automobiles and electric motorcycles, the need for lithium-ion batteries has been rising. In addition, the use of consumer electronics products that employ lithium-ion cells, like mobile phones and laptops, has caused a sharp increase in the demand for lithium-ion batteries. Further, lithium-ion batteries are generally recognised as the industry standard for any product requiring a portable rechargeable battery because of their capacity to be recharged. During the forecast period, these factors will accelerate the expansion of the global lithium-ion battery market. Contemporary Amperex Technology Co., Limited (CATL) is a leading global supplier of advanced battery technologies, with a focus on lithium-ion batteries used in electric vehicles (EVs) and energy storage systems. The company is one of the key drivers behind the electrification of transportation, supplying batteries to major automakers around the world. CATL is recognised for its cutting-edge technology and commitment to sustainable energy solutions. The company’s batteries are known for their high energy density, long life cycles, and exceptional safety features, making them an ideal choice for the growing EV market. In addition to its role in the electric vehicle sector, CATL is deeply invested in energy storage solutions, helping to manage and store renewable energy for a more sustainable and reliable power grid. CATL’s emphasis on research and development allows it to constantly push the boundaries of battery performance, aiming to provide more efficient, affordable, and environmentally friendly energy storage systems. The company also places a strong focus on recycling and the circular economy, contributing to sustainability efforts by ensuring the responsible reuse of materials. CATL’s partnerships with prominent global car manufacturers and its expanding presence in global markets further solidify its position as a key player in the green energy sector. 2. BYD Company Ltd. BYD Company Ltd. is a Chinese multinational corporation that is one of the world’s leading manufacturers of electric vehicles (EVs) and renewable energy solutions. The company is a key player in the global shift towards electric mobility, with a comprehensive portfolio of electric buses, trucks, passenger cars, and monorails. Shenzhen Grepow Battery Co., Ltd. is a Chinese manufacturer that specialises in the design and production of lithium polymer (LiPo) batteries, a type of lithium-ion battery used in electric vehicles (EVs), drones, consumer electronics, and energy storage systems. Known for its high-quality, reliable products, Grepow is a major supplier to a wide range of industries, including automotive, telecommunications, and robotics. The company’s batteries are prized for their energy density, safety, and long cycle life, which make them ideal for use in high-demand applications like electric vehicles and renewable energy storage. Grepow’s commitment to innovation and technological advancement has enabled it to stay ahead in the competitive battery market, continually improving its product offerings to meet the evolving needs of its customers. Sustainability is a key focus for Grepow, and the company works on developing solutions to reduce the environmental impact of battery production and to support the recycling of materials. By focusing on customer-centric solutions and pushing the boundaries of battery technology, Grepow has earned a strong reputation in the industry and continues to play a pivotal role in advancing the adoption of electric mobility and renewable energy. 9.

As per the analysis by IMARC Group, the top lithium-ion battery companies are focusing on developing and designing technologically advanced product variants. They are also making heavy investments in research and development (R&D) activities to introduce miniaturized lithium-ion batteries with improved efficiency. Furthermore, continual product innovations by leading players, such as the launch of nanobot tungsten lithium batteries, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market value to reach US$ 139.6 Billion by 2032, growing at a CAGR of 11.5% during 2024-2032. Learn about opportunities, challenges, and trends in the global lithium-ion battery Manufacturing market with IMARC’s market research report. Try a free sample today! 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. Lithion Battery Inc., SK innovation Co., Ltd, and Hitachi, Ltd. More information about these companies has been provided below. 1. A123 Systems LLC A123 Systems LLC is a global leader in lithium-ion energy storage solutions that manufactures nano phosphate lithium iron phosphate batteries and energy storage systems. 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. Currently, the company is focused on developing a diverse portfolio of solutions for fully electrified vehicles to meet existing and future market demands. 2. Envision AESC Limited Envision AESC Limited is a leading global battery technology company that develops, manufactures, and markets lithium-ion batteries for automotive applications. It has a broad product portfolio comprising lithium-ion cells, modules, laminated cells, lithium manganese batteries, and battery packs. 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. 3. LG Chem Ltd. LG Chem Ltd. is a leading science-oriented corporation and chemical company that offers the world’s most advanced batteries. It has continuously achieved growth through relentless challenges and innovations since its establishment. It has a diversified, balanced, and globally competitive business portfolio comprising petrochemicals, advanced materials, life sciences, and subsidiaries specializing in batteries. Under Advanced Materials, the company develops top-quality materials for rechargeable batteries, the IT industry, and the automotive industry. 4. Panasonic Corporation Panasonic Corporation is a global leader in the development of diverse electronics technologies and solutions. 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. With its unique technologies, the company has made the batteries thinner and lighter for use in a wide variety of devices, such as notebook computers, laptops, and mobile phones.

The demand for lithium-ion (Li-ion) batteries has skyrocketed in recent years, , thanks to their widespread use in electric vehicles, consumer electronics, renewable energy storage, and other advanced applications. As this technology becomes more integral to our daily lives, battery manufacturing is pivotal to global energy solutions, the market for lithium-ion battery manufacturers has expanded, with companies competing to produce the most efficient, durable, and environmentally friendly solutions. In this article, we explore the top 15 lithium-ion battery manufacturers, providing insights into their unique capabilities, products, and market influence. Whether you’re a business buyer looking for reliable suppliers or simply curious about the key players in the industry, this comprehensive overview offers valuable information on the companies driving innovation in lithium-ion battery technology. Let’s have a short view of the top lithium-ion battery manufacturers first： Innovative Technology: High energy density, long service life, super-fast charging, authentic safe, automatic temperature control, smart management. Solutions: Commercial Application: road passenger transport, urban delivery, heavy-duty transport, urban street cleaning, construction, two-wheeled vehicles, vessels, and special vehicles. Advantages: Standing the test of time, confidence comes with reliability, easy drive in cold and heat, services beyond expectations, smart, instant feedback. Energy storage solutions: energy storage on power generation, energy storage on power transmission and distribution, energy storage on power consumption. Advantages: whole-life cost management, comprehensive safety, whole-process solution. Founded in 2011, Contemporary Amperex Technology Co., Limited (CATL) swiftly became a global leader in lithium-ion batteries for electric vehicles (EVs) and energy storage. The company’s early growth was driven by strategic partnerships with major automakers like BMW and joint ventures with SAIC Motor and others. CATL expanded globally, establishing production bases in multiple countries and acquiring Brunp Recycling for battery recycling operations. EVE Energy Co., Ltd., founded in 2001, is a leading Chinese battery manufacturer with a diverse product range, including primary lithium batteries, consumer lithium-ion batteries, and power batteries for electric vehicles and energy storage. The company began producing primary lithium batteries in 2003 and was listed on the Shenzhen GEM in 2009. EVE expanded its manufacturing bases over the years, with significant growth in power batteries starting in 2015. It established partnerships with major automotive manufacturers like Daimler AG, Hyundai Kia, and BMW Group, and also expanded internationally with EVE Malaysia Sdn Bhd. EVE Energy’s focus on innovation and sustainability has earned it recognition as a “National Green Factory” and a “National Enterprise Technology Center.” With a global reach and a commitment to quality, EVE Energy has become a key player in the battery industry, supplying products to the consumer electronics and electric vehicle markets. Products: Tritek is a leading manufacturer specializing in customized battery packs, with a strong focus on battery safety and intelligent design. The company quickly formed partnerships with major manufacturers in Europe and gained approval from leading automotive companies. Tritek prioritizes safety and quality, having implemented the IATF16949 standard for battery design and production in 2020. The company invested over 100 million RMB to automate its production lines, with three SMT lines for PCBA and four semi-automatic lines for battery assembly. Tritek has expanded internationally, with branches in Spain and Europe, and plans to open new production sites in Southeast Asia and Europe.