Li-ion Batteries #1 in Hybrids and Plug-Ins

Li-ion Batteries #1 in Hybrids and Plug-InsLG Chem, Panasonic, and Samsung SDI Score Highest in Assessment of Lithium Ion Battery Manufacturers

Battery companies focused on relationships with original equipment manufacturers are expected to experience greatest success, report finds.

A new Leaderboard Report from Navigant Research examines the strategy and execution of eight leading lithium ion (Li-ion) battery manufacturers active in the light duty electric vehicle (EV) battery market. The report includes company profiles and rankings to provide industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global Li-ion vehicle electrification market.

As the market for Li-ion batteries for vehicle electrification continues to develop, several companies have emerged as leaders. To date, the most successful Li-ion battery manufacturers are large, financially stable companies, or subsidiaries of these types of companies, that provide Li-ion batteries to additional markets.

“Most new-production strong hybrid electric vehicles (HEVs) and all plug-in vehicles (PEVs) are expected to be shipped with Li-ion batteries in the coming years,” says William Tokash, senior research analyst with Navigant Research. “It’s anticipated that well-funded, stable Li-ion battery companies—particularly those focused on relationships with original equipment manufacturers in the United States, China, and Western Europe—will be in the best position to succeed in the coming years.”

According to the report, battery electric vehicles (BEVs) are expected to account for the majority of demand for Li-ion EV batteries. This is due to the larger battery packs typical of these vehicles, which are expected to have 72 percent of the market.

The report, Navigant Research Leaderboard Report: Lithium Ion Batteries for Transportation, examines the strategy and execution of eight leading Li-ion battery manufacturers that are active in the light duty EV battery market. These players are rated 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. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global Li-ion vehicle electrification storage market. An Executive Summary of the report is available for free download on the Navigant Research website.