This article examines who is likely to come out on top in the manufacture of Lithium-ion batteries. Currently dominated by China with 60% of the Global market, with Panasonic and Tesla having together built a huge factory in Reno, Nevada, known as the Gigafactory - R. Zurrer for Money Talk
In 1991, Sony released the world’s first lithium-ion battery, which is now a central component of electric vehicles, plug-in hybrid vehicles (PHVs), and hybrid vehicles (HVs). Up until just a few years ago, Japanese companies commanded over half of the global market for lithium-ion batteries. Today, however, Chinese companies control 60 percent of the global market. Japanese companies now have fallen down to a market share of little more than 20 percent, while South Korea’s share is less than 10 percent.
There are about 200 battery manufacturers operating in China. This crowded field is led by Contemporary Amperex Technology (CATL) and BYD Auto.