Electric Vehicle Battery Manufacturing

Battery / January 13, 2023

Top 10 EV Battery ManufacturersOriginally published on .

Those interested in tracking the state of the electric vehicle (EV) battery manufacturing market will likely be interested in taking a look at the chart and table below — which provide a fair amount of data on the market as pertaining to consumer electric car batteries (not pertaining to “heavy duty” vehicles such as buses, or to energy storage systems). And a big thanks to José Pontes for the numbers.

Battery Manufacturer 1st Quarter 2015 (MWh) 2014 (MWh) % of 1Q 2015 Top 10 % of 2014 Top 10
Panasonic 888 2726 45% 41%
AESC 361 1620 18% 24%
BYD 196 461 10% 7%
Mitsubishi/GS Yuasa 135 451
LG Chem 114 886 6% 13%
Samsung 105 314 5%
Wanxiang 62 3% 0%
Beijing Pride Power (BPP) 47 121 2%
Tianneng 38 77 1%
SB LiMotive 37
Total 1983 6656 100% 100%

As you can see, Panasonic continues to dominate the market — with Tesla’s strong showing being a major factor. The company supplies Volkswagen as well, though, it should be remembered — giving it some growth potential beyond the Tesla association.

The joint venture between Nissan Motors and NEC, AESC, is continuing on its long dive (down nearly 20% of top 10 market share in just 3 years). Considering that Nissan will be sourcing batteries from LG Chem in the future, this dive is set to continue.

BYD is continuing to do well — and it should be noted here that these figures don’t even factor in the company’s electric buses or its energy storage solutions (which are considerable). BYD’s market share is especially thanks to the top-selling Qin EV, but also its many other market offerings.

The rest of the list (again, coming to us via the EV Sales blog) is about what you’d expect — a slow loss of top 10 market share mostly, with the exception of LG Chem and Samsung, which are providing the batteries for the Chevy Volt and some of BMW’s electric offerings, respectively.

Some of the small companies further down the list have managed to gain some market share as well, though. Wanxiang managed to climb to number 7 (up from number 11 in 2014) with a top 10 market share increase of 2% thanks to the success of the Zotye E20, etc.

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