Top 12 Lithium-Ion Battery Companies: Global Market Growth & Innovation 2025

As per the analysis by Expert Market Research, the global lithium-ion battery market attained a value of USD 42.90 billion in 2024. The market is further anticipated to grow at a healthy CAGR of 10.80% during the forecast period of 2025-2034 to reach USD 119.63 Billion by 2034.

An advanced type of battery, a lithium-ion (Li-ion) battery makes use of lithium ions as a crucial part of its electrochemistry. Many everyday electronic products, including earbuds, laptops, and cell phones, use lithium-ion batteries.

With the spike in demand for electric vehicles, such as electric automobiles and electric motorcycles, the need for lithium-ion batteries has been rising. In addition, the use of consumer electronics products that employ lithium-ion cells, like mobile phones and laptops, has caused a sharp increase in the demand for lithium-ion batteries.

Further, lithium-ion batteries are generally recognised as the industry standard for any product requiring a portable rechargeable battery because of their capacity to be recharged. During the forecast period, these factors will accelerate the expansion of the global lithium-ion battery market.

Due to the demand for inexpensive, secure batteries with a better energy density, the consumer electronics market for lithium-ion batteries is anticipated to rise significantly in the next years. In terms of regional penetration, the lithium-ion battery market is anticipated to be led by Asia Pacific. Some of the biggest markets for electric vehicles are thought to be in China and Japan.

Additionally, the region is expected to see an increase in demand for consumer electronics like smartphones and other gadgets that use lithium-ion batteries. Due to the increased emphasis that governments in the region are placing on greenhouse gas emissions, the market for lithium-ion batteries in North America and Europe is also anticipated to expand at a rapid rate.

Lithium-Ion Battery News: EV Tech & Market Expansions 2025

January 2025: At Bharat Mobility Global Expo 2025, Neuron Energy, a prominent producer of electric vehicle (EV) batteries, opened a new 5-acre production plant in Chakan, Pune. The company's dedication to developing clean energy solutions in India is demonstrated by the state-of-the-art factory, which is built to generate 1.5 GWh of lithium-ion batteries yearly.

January 2025: In Uttar Pradesh, BatX Energies Pvt. Ltd., a well-known recycling company for lithium-ion batteries, opened its Critical Minerals Extraction unit (HUB-1). The extraction of vital elements including lithium, cobalt, nickel, and manganese from spent lithium-ion batteries is advanced by this plant.

December 2024: Zeta Energy Corp. and Stellantis N.V. established a collaborative development agreement to advance battery cell technology for use in electric vehicles. The collaboration seeks to create lithium-sulfur EV batteries with a volumetric energy density that is on par with current lithium-ion technology and a revolutionary gravimetric energy density.

November 2024: By the conclusion of the 2026 fiscal year, Exide Industries announced the company’s intention to start a lithium-ion cell production facility and bring the 6 GWh plant to market. Key buildings, such as the main cell, administrative, and warehouse buildings, are nearly complete, and equipment installation is currently under progress.

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Top 12 EV Battery Suppliers & Manufacturers: Advanced Technology & Market Share

1. Contemporary Amperex Technology Co., Limited. (CATL)

Contemporary Amperex Technology Co., Limited (CATL) is a leading global supplier of advanced battery technologies, with a focus on lithium-ion batteries used in electric vehicles (EVs) and energy storage systems. The company is one of the key drivers behind the electrification of transportation, supplying batteries to major automakers around the world. CATL is recognised for its cutting-edge technology and commitment to sustainable energy solutions. The company’s batteries are known for their high energy density, long life cycles, and exceptional safety features, making them an ideal choice for the growing EV market. In addition to its role in the electric vehicle sector, CATL is deeply invested in energy storage solutions, helping to manage and store renewable energy for a more sustainable and reliable power grid. CATL’s emphasis on research and development allows it to constantly push the boundaries of battery performance, aiming to provide more efficient, affordable, and environmentally friendly energy storage systems. The company also places a strong focus on recycling and the circular economy, contributing to sustainability efforts by ensuring the responsible reuse of materials. CATL’s partnerships with prominent global car manufacturers and its expanding presence in global markets further solidify its position as a key player in the green energy sector.

2. BYD Company Ltd.

BYD Company Ltd. is a Chinese multinational corporation that is one of the world’s leading manufacturers of electric vehicles (EVs) and renewable energy solutions. The company is a key player in the global shift towards electric mobility, with a comprehensive portfolio of electric buses, trucks, passenger cars, and monorails. In addition to its EV business, BYD is also deeply involved in the development of solar energy solutions and energy storage systems, providing integrated green energy solutions that support sustainable infrastructure. BYD’s electric vehicle batteries are known for their long lifespan, energy efficiency, and high performance, making the company one of the top suppliers of batteries for the EV sector. The company has a vertically integrated approach, manufacturing its batteries, which enables it to maintain control over quality and cost. BYD is also committed to reducing the environmental impact of its operations, with a focus on sustainable manufacturing practices, waste reduction, and energy conservation. As the global demand for electric vehicles continues to rise, BYD has capitalised on its expertise in battery technology, offering a variety of high-performance vehicles that cater to both consumer and commercial markets. The company’s success is driven by a focus on innovation, sustainability, and scalability, ensuring that it remains at the forefront of the green technology revolution.

3. CALB-CALB Co., Ltd. (CALB)

CALB, or Contemporary Amperex Lithium Battery, is a Chinese company that has emerged as a prominent player in the global battery manufacturing industry. Specialising in the production of lithium-ion batteries, CALB’s products are integral to the development of electric vehicles (EVs), energy storage systems, and a range of other applications. The company has built a strong reputation for producing high-quality, cost-effective batteries that offer exceptional performance, safety, and longevity. CALB’s batteries are used in both consumer and commercial EVs, and the company has developed strong partnerships with automakers to supply batteries for a variety of electric vehicle models. Beyond its automotive focus, CALB is also committed to advancing energy storage solutions, playing a significant role in supporting the global transition to renewable energy. The company’s batteries are designed to meet the growing demand for energy-efficient and environmentally friendly technologies. CALB places a strong emphasis on research and development, with an ongoing commitment to improving its battery technologies to enhance performance, reduce costs, and minimise environmental impact. As the demand for electric vehicles and renewable energy solutions continues to grow, CALB is positioning itself as a key player in the green energy sector, leveraging innovation and strategic partnerships to drive its global growth.

4 .LG Energy Solution

LG Energy Solution is one of the world’s foremost manufacturers of lithium-ion batteries, with a core focus on powering the electric vehicle (EV) industry and energy storage systems. The company is an integral part of LG Group and stands out for its commitment to advancing energy technology to support sustainable development. LG Energy Solution’s batteries are renowned for their high energy density, safety, and long lifespan, making them highly sought after by automakers looking to improve the performance of their electric vehicles. The company’s products are also pivotal in energy storage applications, facilitating the integration of renewable energy sources into national grids and supporting the shift toward cleaner, more efficient energy systems. Through continuous innovation, LG Energy Solution is consistently refining its technology to ensure that its batteries meet the evolving needs of consumers and businesses. The company has established numerous partnerships with leading vehicle manufacturers, providing them with reliable and high-performance battery solutions. LG Energy Solution is also heavily invested in creating a sustainable future through initiatives focused on recycling, reducing the environmental impact of battery production, and supporting a circular economy. This forward-thinking approach helps the company to remain at the forefront of the global energy transformation, with a growing global presence and a strong pipeline of future technologies.

5. Panasonic Corporation

Panasonic Corporation is a multinational conglomerate with a rich history of technological innovation across various industries, including energy, electronics, and mobility. Within the energy sector, Panasonic is a significant player, particularly known for its high-performance lithium-ion batteries, which are widely used in electric vehicles, energy storage solutions, and consumer electronics. The company has long-standing partnerships with global automakers, most notably Tesla, and its batteries are integral to the development of cutting-edge electric vehicles. Panasonic’s battery technology is revered for its reliability, energy efficiency, and safety, contributing to both the performance and longevity of the products they power. In addition to EV applications, Panasonic is also advancing energy storage systems, helping to drive the integration of renewable energy into power grids and enabling greater efficiency in energy use. Panasonic’s commitment to sustainability is reflected in its emphasis on developing eco-friendly technologies, such as battery recycling solutions, and its active efforts to reduce carbon emissions throughout its production processes. Through ongoing investment in research and development, Panasonic continues to push the boundaries of energy storage technologies, striving for higher energy density, faster charging times, and longer-lasting products. The company’s success in the battery sector has positioned it as a major global force in the transition to electric mobility and renewable energy.

6. Samsung SDI Co., Ltd.

Samsung SDI Co., Ltd. is a leading South Korean company specialising in the manufacture of advanced lithium-ion batteries and energy storage solutions. A subsidiary of the global Samsung Group, the company is at the forefront of the energy storage sector, supplying high-performance batteries for electric vehicles, consumer electronics, and industrial applications. Samsung SDI is renowned for its innovative approach to battery technology, offering batteries that provide superior energy density, longevity, and safety. The company plays a crucial role in the global electric vehicle (EV) industry, with its batteries powering some of the world’s most popular EV models. In addition to its automotive sector involvement, Samsung SDI is focused on energy storage systems that optimise the use of renewable energy, supporting the transition to a low-carbon future. The company has also developed cutting-edge solutions for managing battery recycling and reducing the environmental impact of battery production. Samsung SDI’s commitment to continuous research and development ensures that it remains a leader in the global energy market, with a focus on sustainable practices, safety, and technological innovation. Its strategic partnerships with leading automakers and its global presence make Samsung SDI a dominant force in the battery manufacturing industry.

7. SK Innovation Co., Ltd.,

SK Innovation is a South Korean company that plays a pivotal role in the development and production of lithium-ion batteries for electric vehicles (EVs), energy storage systems, and various industrial applications. As part of the larger SK Group, one of South Korea’s largest conglomerates, SK Innovation benefits from vast resources and cutting-edge technological expertise. The company’s batteries are known for their high performance, energy efficiency, and durability, making them an ideal choice for the growing global demand for electric vehicles. SK Innovation is committed to advancing battery technology, focusing on increasing energy density, improving charging speed, and enhancing battery safety. In addition to its automotive battery solutions, SK Innovation is heavily invested in the development of sustainable energy storage systems, which are vital for supporting the integration of renewable energy sources into power grids. The company is also exploring new recycling technologies to reduce the environmental impact of its batteries and improve the sustainability of its supply chain. Through its partnerships with global automakers and its continued investment in research and development, SK Innovation is positioning itself as a key player in the global shift towards electric mobility and renewable energy.

8. Shenzhen Grepow Battery Co., Ltd.,

Shenzhen Grepow Battery Co., Ltd. is a Chinese manufacturer that specialises in the design and production of lithium polymer (LiPo) batteries, a type of lithium-ion battery used in electric vehicles (EVs), drones, consumer electronics, and energy storage systems. Known for its high-quality, reliable products, Grepow is a major supplier to a wide range of industries, including automotive, telecommunications, and robotics. The company’s batteries are prized for their energy density, safety, and long cycle life, which make them ideal for use in high-demand applications like electric vehicles and renewable energy storage. Grepow’s commitment to innovation and technological advancement has enabled it to stay ahead in the competitive battery market, continually improving its product offerings to meet the evolving needs of its customers. Sustainability is a key focus for Grepow, and the company works on developing solutions to reduce the environmental impact of battery production and to support the recycling of materials. By focusing on customer-centric solutions and pushing the boundaries of battery technology, Grepow has earned a strong reputation in the industry and continues to play a pivotal role in advancing the adoption of electric mobility and renewable energy.

9. Toshiba Corporation

Toshiba Corporation is a globally recognised Japanese multinational conglomerate with extensive operations in a wide range of industries, including energy, electronics, and infrastructure. In the energy sector, Toshiba is a prominent manufacturer of advanced lithium-ion batteries, which are used in electric vehicles (EVs), energy storage systems, and various industrial applications. The company’s batteries are known for their reliability, safety, and high energy density, making them a popular choice in the EV industry. Toshiba also produces cutting-edge energy storage systems that help optimise the use of renewable energy and provide backup power for both residential and commercial applications. The company has a long-standing commitment to sustainability and is actively involved in research and development to reduce the environmental impact of its products. Through innovations in energy storage technology, Toshiba is contributing to the global transition to clean energy by improving the efficiency and reliability of renewable energy systems. With its rich legacy in technology and commitment to advancing sustainable solutions, Toshiba continues to be a key player in the green energy sector.

10. A123 Systems LLC

A123 Systems LLC is an American technology company that specialises in advanced lithium-ion batteries and energy storage systems. The company’s products are used in a wide range of applications, including electric vehicles, industrial power tools, and renewable energy storage. A123 Systems is known for its innovation in battery technology, developing high-performance lithium iron phosphate (LiFePO4) batteries that are safer and more durable than conventional lithium-ion batteries. These batteries are particularly suitable for automotive applications due to their long lifespan, high power density, and ability to withstand extreme temperatures. A123 Systems also provides energy storage solutions that help businesses and utilities manage and optimise their energy use, supporting the integration of renewable energy sources. The company’s commitment to research and development ensures that it remains at the forefront of battery technology, continuously improving its products to meet the increasing demand for clean and sustainable energy. A123 Systems is also focused on environmental sustainability, with initiatives aimed at reducing the environmental impact of battery production and promoting recycling and reusing battery materials.

11. Envision AESC Group Ltd

Envision AESC is a leading global supplier of lithium-ion batteries for electric vehicles (EVs) and energy storage systems, and a subsidiary of the Envision Group. The company has made a significant impact in the EV industry, providing high-performance batteries for some of the world’s most popular electric vehicles. Envision AESC’s batteries are known for their impressive energy density, long lifecycle, and exceptional safety features, which make them an ideal choice for automakers looking to enhance the performance and efficiency of their electric vehicles. In addition to supplying batteries to the EV market, Envision AESC is deeply committed to developing energy storage solutions that support the integration of renewable energy into power grids and help manage energy demand. The company places a strong emphasis on sustainability, focusing on improving the environmental impact of battery production and advancing battery recycling technology. Through strategic partnerships with leading automotive manufacturers, Envision AESC continues to play a vital role in the global shift toward sustainable transportation and clean energy.

12. TianJin Lishen Battery Joint-Stock Co., Ltd.

Tianjin Lishen Battery Joint-Stock Co., Ltd. is a leading Chinese manufacturer of lithium-ion batteries for a wide range of applications, including electric vehicles (EVs), consumer electronics, and energy storage systems. The company has built a strong reputation for producing high-quality batteries that offer excellent performance, energy efficiency, and safety. Lishen’s batteries are used by numerous global automotive manufacturers, making the company an integral part of the global electric vehicle supply chain. Beyond automotive applications, Lishen is also involved in the development of energy storage systems that support renewable energy projects and help stabilise power grids. The company has invested heavily in research and development, continuously improving its battery technologies to meet the growing demands of the EV and energy storage markets. Lishen is also committed to sustainability, with a focus on reducing the environmental impact of its production processes and enhancing the recycling of battery materials. Through innovation and strategic partnerships, Lishen continues to strengthen its position as a key player in the global battery market.