A new report from Navigant Research examines the strategy and execution of eight leading 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.
With the exception of Toyota’s continued use of nickel-metal hydride batteries for strong hybrid electric vehicles (HEVs), the lithium ion (Li-ion) battery is now the de facto leader in batteries across HEVs and plug-in vehicles (PEVs) with electric drivetrains. Navigant Research anticipates that most new production HEVs and all PEVs will be shipped with Li-ion batteries in the coming years.
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. According to a new Leaderboard Report from Navigant Research, LG Chem, Panasonic, and Samsung SDI lead the Li-ion battery market for transportation in terms of strategy and execution.
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
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