20 Power Battery Companies To Watch in 2023

CATL (China): Founded in 2011, CATL has grown to become the world's largest supplier of EV batteries. They supply lithium-ion battery packs, modules, and management systems to major Chinese EV makers like SAIC, Chang’an, FAW, Dongfeng, and Geely as well as international auto brands including BMW, Mercedes-Benz, Honda, and Volvo. CATL has battery factories and R&D centers across China along with operations in Germany.

BYD (China): Founded in 1995, BYD is a Chinese company that manufactures electric vehicles and batteries. They are among the largest lithium-ion battery makers globally, producing cells and modules for their own brand EVs as well as for other major automakers. BYD operates battery factories in China, Canada, and Hungary.

Panasonic (Japan): A leading global electronics company founded in 1918 that manufactures lithium-ion batteries for electric vehicles. Panasonic supplies battery cells and packs for Tesla electric cars and has partnered with Toyota to produce batteries for their hybrid and electric models. They operate large battery factories in Japan, China, Nevada, USA to serve automotive customers worldwide.

LG Chem (South Korea): A major global chemical company founded in 1947, LG Chem is a leading producer of lithium-ion batteries for electric vehicles. They supply battery cells and packs to many top automakers including GM, Volvo, Hyundai, Renault, and more. LG Chem has battery production sites in South Korea, China, Poland, and the United States.

Samsung SDI (South Korea): Established in 1970, Samsung SDI is the battery business subsidiary of the Samsung Group. They are a major global producer of lithium-ion batteries, especially for electric vehicles, supplying cell technology to BMW, Volkswagen, Chrysler, and many more automakers. Their battery factories are located in South Korea, China, and Hungary.

SK Innovation (South Korea): SK Innovation is a major energy and chemical company founded in 1962 that entered the rechargeable battery market. They manufacture pouch-type lithium-ion batteries for several top automakers including Hyundai, Kia, Volkswagen, and Ford. SK Innovation has battery factories in operation in South Korea, China, Hungary, and the United States.

AESC (Japan): Formed in 2007 as a joint venture between NEC Corporation and Nissan Motor Co., AESC is a leading producer of lithium-ion batteries primarily for Nissan electric vehicles. They operate battery plants in Japan, the UK, the USA, and India to supply Nissan global production sites.

Guoxuan (China): Established in 1997, Guoxuan High-tech Co. Ltd is a Chinese manufacturer of lithium-ion batteries for electric vehicles and other applications. They supply battery cells and modules to major Chinese brands such as GAC Motor, Honda, and Volkswagen from their factories in China.

Lishen (China): Founded in 2004, Tianjin Lishen Battery Joint-Stock Co., Ltd. is a Chinese company focused on developing lithium-ion battery technology for electric vehicles and energy storage systems. They supply complete battery packs and solutions to automakers and grid/power supply companies primarily in China.

CALB (China): Founded in 2001, CALB, or China Aviation Lithium Battery Company produces high-power lithium iron phosphate batteries for electric vehicles and other uses. They supply major domestic automakers including BYD, BAIC, and Geely as well as exporting to international markets. CALB's manufacturing base is in Luoyang, China.

PEVE (China): Established in 2011, PEVE Limited is a lithium-ion power battery manufacturer in China focused on the electric vehicle and energy storage markets. They supply battery cells and modules to Chinese EV makers like Dongfeng Motor and Envision AESC. PEVE operates large battery factories in several provinces across China.

Sakti3 (USA): Sakti3 is an American battery technology startup founded in 2007 and acquired by Dyson. They are developing next-generation solid-state lithium-ion batteries for future electric vehicles but are not yet in mass production. Sakti3 is based in Ann Arbor, Michigan.

Teljano (China): Founded in 2003, Zhuhai Teljano New Energy Technology Co. Ltd is a Chinese lithium-ion battery manufacturer known for its LiFePO4 chemistry batteries. They produce batteries for electric buses, industrial vehicles, energy storage, and some passenger EV brands like Brilliance.

Coslight (China): Established in 2002, Coslight Technology International Group is a Chinese company involved in designing, developing, and manufacturing lithium-ion batteries mainly for the electric vehicle market but also for energy storage. Coslight supplies batteries domestically in China and internationally.

Sunwoda (China): Founded in 2006, Sunwoda Electronic Co., Ltd. is a leading Chinese supplier of lithium-ion battery cells, modules, and packs for electric vehicle applications. They produce batteries for major domestic automakers including SAIC, Chery, BYD, and JAC Motors from their factory in Nanjing.

Yinlong (China): Founded in 2006, Yinlong Energy Co., Ltd. is a Shanghai-based company focused on developing and manufacturing lithium batteries for new energy vehicles and energy storage systems. Their major electric vehicle battery customers include BYD, Chery, Roewe (SAIC), and others.

Lishen Tianjin (China): Established in 2008 as a joint venture between Lishen Battery and Tianjin Lishen Battery Joint-Stock Co., Ltd., Lishen (Tianjin) Power Battery Co., Ltd. produces lithium-ion batteries primarily for Changan Automobile. Their factory is based in Tianjin, China.

BAK (China): BAK Battery Co., Ltd. is a Chinese lithium-ion battery manufacturer founded in 2001. They produce cylindrical and prismatic cells, modules, packs, and battery management systems, mainly for electric vehicle applications. BAK exports EV batteries globally and has factory locations across China.

Hitachi Vehicle Energy (Japan): Hitachi Vehicle Energy, Ltd. is the electric vehicle battery business of Hitachi, Ltd. founded in 2018. They produce lithium-ion batteries for automakers such as Nissan, Honda, and Renault-Nissan-Mitsubishi alliance companies. Factories are in Japan and the United States.

Primearth EV Energy (Japan): Established in 2018, Primearth EV Energy Co., Ltd. is a joint venture between Toyota and Panasonic to develop, manufacture and sell automotive prismatic lithium-ion batteries primarily for Toyota's hybrid and all-electric vehicles.