Top Ten New Energy Battery Companies

Where are the world's largest EV battery manufacturers in 2023?

Asia dominates this ranking of the world's largest EV battery manufacturers in 2023. See which battery makers feature in the top 10.

Who makes the most EV battery?

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment. Once a leader in the EV battery business, Panasonic now holds the fourth position with an 8% market share, down from 9% last year.

Who makes the best battery?

This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models. The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.

Who are the world's leading EV battery makers in 2021?

When IEEE Spectrum provided a snapshot of the world’s leading EV battery makers in 2021, China’s Contemporary Amperex Technology Co. (CATL) and South Korea’s LG Energy Solution were industry’s twin titans, each boasting a 26 percent market share.

Who makes EV batteries?

Despite efforts from the United States and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers. The top 10 producers are all Asian companies. Currently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Which companies supply 87 percent of EV batteries?

Just six companies —BYD, CATL, LG Energy Solution, Panasonic, Samsung SDI, and SK Innovation—were responsible for supplying 87 percent of batteries and battery metals in passenger EVs in the second half of 2020.