Summary

The global EV Battery market is projected to reach USD 91.93 billion in 2024 to USD 251.33 billion in 2035, at a CAGR of 9.6% from 2024-2035. The EV battery market is experiencing rapid growth driven by increasing electric vehicle adoption, advancements in battery technology, and supportive government policies. Growing demand for longer-range, faster-charging batteries has spurred innovations such as Honda’s plan to produce solid-state batteries offering up to 620 miles on a single charge by 2024. Additionally, partnerships and investments are fueling expansion, such as Stellantis and CATL’s USD 4.2 billion venture for a lithium iron phosphate battery plant in Spain, announced in December 2024. With OEMs launching new EV models and battery manufacturers scaling production, the EV battery market is poised for significant expansion. "Solid-state battery is expected to show a significant growth rate in the EV battery market during the forecast period." Solid-state batteries are anticipated to witness significant growth in the EV battery market due to their potential to revolutionize energy density, safety, and charging efficiency. These batteries replace the liquid electrolyte found in conventional lithium-ion batteries with a solid electrolyte, offering enhanced thermal stability, reduced risk of fires, and longer lifespans. Their higher energy density can substantially increase EV range while enabling faster charging times, making them a game-changer for EV adoption. Recent developments underscore their growing momentum. In December 2024, Honda announced plans to produce solid-state batteries for EVs capable of delivering up to 620 miles (1,000 kilometers) on a single charge—more than double the range of many existing electric vehicles. Similarly, in September 2024, Factorial collaborated with Mercedes-Benz to develop the Solstice battery, an all-solid-state battery featuring a novel dry cathode design. This innovation promises an energy density of up to 450Wh/kg and more efficient, sustainable production processes, marking a significant leap in solid-state battery technology. With leading automotive and battery companies intensifying their R&D efforts and governments incentivizing advancements in battery technology, solid-state batteries are poised to play a pivotal role in shaping the future of the EV market, addressing key challenges like range anxiety, safety concerns, and charging infrastructure limitations. "Passenger Car is expected to hold the largest share in the EV Battery market during the forecast period." Passenger cars are expected to dominate the EV battery market over the study period, capturing the largest market share due to surge in consumer demand, supportive government policies, and the increasing availability of diverse EV models. Governments worldwide are implementing stringent regulations on vehicle emissions and offering subsidies to promote EV adoption, driving passenger car sales. Additionally, advancements in EV battery technology, such as enhanced energy density, faster charging, and lower costs, have made electric passenger cars more accessible to the mass market. Major automotive OEMs are gearing up for this transition, with several passenger car EV models slated for release in the coming years. For instance, Renault’s highly anticipated Renault 5 E-Tech, set for a 2026 launch, will feature advanced lithium-ion batteries sourced from AESC. Similarly, Mercedes-Benz plans to introduce the EQA 300 4MATIC in 2025, equipped with a high-performance NMC battery provided by SK ON, a subsidiary of SK Innovation. These vehicles highlight the rising demand for advanced EV batteries, driving innovation and production growth in the battery industry. Advances in battery chemistry, such as the shift from LFP to NMC and NCA, are boosting energy density and driving ranges, fueling market expansion. Collaborations between OEMs and battery manufacturers are accelerating high-performance battery development. For instance, in November 2024, LG Energy Solution announced a five-year agreement to supply 4695 cylindrical lithium-ion batteries for Rivian’s R2. Investments in new technologies like solid-state batteries and silicon anode chemistries, along with scaling production through gigafactories, are further enhancing market growth. These trends underscore the synergy between OEMs and battery makers, positioning the passenger car segment as the largest driver of the EV battery market and advancing the global shift to sustainable transportation. "Europe set to witness a notable growth in EV battery market during the forecast period." Europe is poised to experience remarkable growth in the EV battery market over the forecast period, fueled by stringent emission reduction targets, rising EV demand, and increasing investments in battery infrastructure. The EU's March 2023 law mandates zero CO₂ emissions for all new cars sold by 2035, alongside a 55% reduction in CO₂ emissions by 2030 compared to 2021 levels. These ambitious targets are driving the rapid decarbonization of new car fleets, significantly boosting EV adoption and, consequently, the EV battery market. While the EU has pledged a legal pathway for e-fuels vehicles beyond 2035, the focus remains on zero-emission solutions for cars and vans. European OEMs are heavily investing in EV and battery developments. For instance, in December 2024, Stellantis NV and CATL announced an estimated USD 4.3 billion joint venture to build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Similarly, BMW Group plans to open five battery factories near auto manufacturing hubs, including facilities in Lower Bavaria and Debrecen, Hungary, to support its Neue Klasse electric vehicles. Key battery manufacturers are also expanding their presence in Europe. Major players like Northvolt, LG Energy Solution, and CATL are establishing battery gigafactories to meet the growing demand. These developments underscore Europe’s commitment to becoming a global leader in EV batteries, supported by progressive policies, a robust automotive ecosystem, and increasing investments from OEMs and suppliers. In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market. • By Company Type: Tier I - 37%, Tier II - 41%, and Tier III – 22% • By Designation: Directors - 31%, Managers - 45%, and Others - 24% • By Region: Asia Pacific - 33%, North America – 39%, and Europe – 28% The EV Battery market is dominated by major players, including Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), SK Innovation Co., Ltd. (South Korea) and more. These companies are expanding their portfolios to strengthen their EV battery market position. Research Coverage: The report covers the EV Battery market in terms of Battery Capacity (<50 kWh, 51-110 kWh, 111-201 kWh, 201-300 kWh, > 301 kWh), Battery Form (Prismatic, Pouch, Cylindrical), Battery Type (Lithium-ion, Nickel-metal Hydride, Solid-state, Sodium-ion), Lithium-ion Battery Component (Negative Electrode, Positive Electrode, Electrolyte, Separator), Material Type (Cobalt, Lithium, Natural Graphite, Manganese, Iron, Phosphate, Nickel), Method (Wire Bonding, Laser Bonding, Ultrasonic Metal Welding), Propulsion (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle), Vehicle Type (Passenger Cars, Vans/Light Trucks, Medium & Heavy Trucks, Buses, Off-highway Vehicles), and Region. It covers the competitive landscape and company profiles of the significant EV Battery market players. The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report: • The report will help market leaders/new entrants with information on the closest approximations of revenue numbers for the EV Battery market and its subsegments. • This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. • The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. • The report also helps stakeholders understand the current and future pricing trends of the EV Battery market. • The report will help market leaders/new entrants with information on various trends in EV Battery market based on component, battery form, region, and other parameters. The report provides insight on the following pointers: • Analysis of key drivers (Government incentives and OEM investments accelerate EV battery demand, Advancements in battery technologies leading the charge for EV battery market, Government strategies for EV adoption driving battery market boom, Declining EV battery prices boost market accessibility and growth), restraints (Geopolitical instabilities and supply chain disruptions pose risks to EV battery expansion, Charging infrastructure deficit hinders EV adoption in emerging economies, Emergence of alternative fuels to create a potential restraint for the EV batteries), opportunities (The growing role of Battery-as-a-Service in EV battery market boom, Innovative solid-state batteries creating new growth prospects for the EV battery, ESS advancements creating new paths for EV battery market growth), and challenges (High initial costs hindering the proliferation of the EV battery market, Lithium shortages jeopardizing the growth of the EV battery, Safety concerns hindering the expansion of the EV battery market, Cost disparity Between EVs and conventional vehicles to create a hurdle for EV battery expansion) • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the EV Battery market. • Market Development: Comprehensive information about lucrative markets - the report analyses the EV Battery market across varied regions. • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EV Battery market. • Competitive Assessment: In-depth assessment of market share, growth strategies, and service offerings of leading players like Contemporary Amperex Technology Co., Limited (China), BYD Company Ltd. (China), LG Energy Solution Ltd. (South Korea), CALB (China), and SK Innovation Co., Ltd. (South Korea) among others in EV Battery market.

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Table of Contents

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 33
1.3.1 MARKET SEGMENTATION 33
1.3.2 INCLUSIONS & EXCLUSIONS 33
1.4 YEARS CONSIDERED 35
1.5 CURRENCY CONSIDERED 35
1.6 UNIT CONSIDERED 35
1.7 STAKEHOLDERS 36
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY DATA 38
2.1.1.1 Secondary sources 39
2.1.1.2 Key data from secondary sources 40
2.1.2 PRIMARY DATA 41
2.1.2.1 Primary interviews from demand and supply sides 41
2.1.2.2 Breakdown of primary interviews 41
2.1.2.3 Primary participants 42
2.1.2.4 Objectives of primary research 43
2.2 MARKET SIZE ESTIMATION 43
2.2.1 BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 46
2.3 DATA TRIANGULATION 47
2.4 FACTOR ANALYSIS 49
2.5 RESEARCH ASSUMPTIONS & CONSIDERATIONS 49
2.6 RESEARCH LIMITATIONS 50
2.7 RISK ASSESSMENT 51
3 EXECUTIVE SUMMARY 53
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EV BATTERY MARKET 57
4.2 EV BATTERY MARKET, BY REGION 58
4.3 EV BATTERY MARKET, BY BATTERY CAPACITY 58
4.4 EV BATTERY MARKET, BY BATTERY FORM 59
4.5 EV BATTERY MARKET, BY BATTERY TYPE 59
4.6 EV BATTERY MARKET, BY MATERIAL TYPE 60
4.7 EV BATTERY MARKET, BY PROPULSION 60
4.8 EV BATTERY MARKET, BY VEHICLE TYPE 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
5.2.1 DRIVERS 63
5.2.1.1 Rise in government incentives and OEM investments 63
5.2.1.2 Advancements in battery technologies 63
5.2.1.3 Government strategies to promote adoption of EVs 64
5.2.1.4 Declining prices of EV batteries 66
5.2.2 RESTRAINTS 67
5.2.2.1 Geopolitical instability and supply chain disruptions 67
5.2.2.2 Shortage of charging infrastructure in emerging economies 70
5.2.2.3 Emergence of alternative fuel options 70
5.2.3 OPPORTUNITIES 71
5.2.3.1 Growth of BaaS in EV battery market’s boom 71
5.2.3.2 Development of innovative solid-state batteries 72
5.2.3.3 Advancements in ESSs 72
5.2.4 CHALLENGES 73
5.2.4.1 High initial cost 73
5.2.4.2 Shortage of lithium 73
5.2.4.3 Safety concerns 74
5.2.4.4 Cost disparity between electric and conventional vehicles 75
5.3 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
5.4 RAPID DEVELOPMENT OF NEVS TO DRIVE GROWTH OF EV BATTERY MARKET 77
5.5 ANALYSIS OF PRICE AND COST OF LITHIUM-ION BATTERIES 78
5.6 PRICING ANALYSIS 79
5.6.1 AVERAGE SELLING PRICE OF KEY PLAYERS FOR PASSENGER CARS 79
5.6.2 AVERAGE SELLING PRICE, BY REGION 80
5.7 IMPACT OF AI ON EV BATTERY MARKET 80
5.8 ECOSYSTEM ANALYSIS 81
5.9 VALUE CHAIN ANALYSIS 83
5.10 CASE STUDY ANALYSIS 84
5.10.1 BYD DEVELOPED BLADE BATTERY TO PRIORITIZE SAFETY AND DURABILITY WITHOUT COMPROMISING PERFORMANCE 84
5.10.2 WIPRO PARI LEVERAGED COGNEX’S ADVANCED MACHINE VISION SYSTEM TO ADDRESS COMPLEXITIES OF EV BATTERY MANUFACTURING 84
5.10.3 NORTHVOLT ADOPTED AUTODESK’S INTEGRATED SOFTWARE SOLUTION TO IMPLEMENT DIGITAL FACTORY APPROACH THAT CONNECTS BATTERY DESIGN AND MANUFACTURING 85
5.10.4 MAXWELL ENERGY OFFERED CUTTING-EDGE ULTRACAPACITOR TECHNOLOGY TO ENHANCE ENERGY RECOVERY AND POWER DELIVERY 85
5.11 INVESTMENT AND FUNDING SCENARIO 86
5.12 PATENT ANALYSIS 87
5.13 TECHNOLOGY ANALYSIS 91
5.13.1 KEY TECHNOLOGIES 91
5.13.1.1 Lithium-ion and other battery chemistries 91
5.13.2 COMPLEMENTARY TECHNOLOGIES 92
5.13.2.1 Cell-to-pack (CTP) technology 92
5.13.3 ADJACENT TECHNOLOGIES 93
5.13.3.1 Cell-to-chassis battery technology 93
5.14 HS CODE: LITHIUM CELLS AND BATTERIES (850650) 93
5.14.1 IMPORT DATA 93
5.14.2 EXPORT DATA 95
5.15 REGULATORY LANDSCAPE 96
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
5.15.2 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERIES 100
5.16 KEY CONFERENCES & EVENTS, 2025–2026 102
5.17 KEY STAKEHOLDERS & BUYING CRITERIA 103
5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS 103
5.17.2 BUYING CRITERIA 104
5.18 OEM ANALYSIS 106
5.18.1 INITIATIVES UNDERTAKEN AND INVESTMENTS IN LITHIUM BY BATTERY MANUFACTURERS/OEMS 106
5.18.1.1 Lithium-ion battery cells (cathode type): OEMs and key suppliers 107
5.19 SUPPLIER ANALYSIS 107
6 EV BATTERY MARKET, BY BATTERY TYPE 116
6.1 INTRODUCTION 117
6.2 LITHIUM-ION 119
6.2.1 CONTINUOUS IMPROVEMENTS IN BATTERY CHEMISTRY TO DRIVE MARKET 119
6.2.2 LITHIUM IRON PHOSPHATE 122
6.2.3 NICKEL MANGANESE COBALT 124
6.2.4 LITHIUM IRON MANGANESE PHOSPHATE 125
6.2.5 OTHERS 127
6.3 NICKEL-METAL HYDRIDE 128
6.3.1 LARGE-SCALE ADOPTION OF NIMH BATTERIES IN HEVS TO DRIVE GROWTH 128
6.4 SOLID-STATE 129
6.4.1 ADVANCEMENTS IN SOLID-STATE TECHNOLOGY TO DRIVE DEMAND 129
6.5 OTHER BATTERY TYPES 131
6.6 KEY PRIMARY INSIGHTS 132
7 EV BATTERY MARKET, BY MATERIAL TYPE 133
7.1 INTRODUCTION 134
7.2 COBALT 136
7.2.1 SUPPORT FOR HIGH-PERFORMANCE BATTERY CHEMISTRIES TO DRIVE MARKET 136
7.3 LITHIUM 137
7.3.1 HIGH ENERGY DENSITY OF LITHIUM TO BOOST ITS DEMAND IN EV BATTERIES 137
7.4 NATURAL GRAPHITE 138
7.4.1 USE OF NATURAL GRAPHITE AS ANODE MATERIAL TO BOOST ITS GROWTH 138
7.5 MANGANESE 140
7.5.1 VERSATILITY IN CATHODE CHEMISTRIES TO DRIVE MARKET 140
7.6 IRON 141
7.6.1 WIDESPREAD AVAILABILITY OF IRON TO BOOST ITS USAGE AS KEY BATTERY COMPONENT 141
7.7 PHOSPHATE 142
7.7.1 ABUNDANCE AND AVAILABILITY OF PHOSPHATE TO DRIVE MARKET 142
7.8 NICKEL 143
7.8.1 FOCUS ON ACHIEVING HIGH ENERGY DENSITY TO DRIVE MARKET 143
7.9 OTHER MATERIAL TYPES 144
7.10 KEY PRIMARY INSIGHTS 145
8 EV BATTERY MARKET, BY BATTERY FORM 146
8.1 INTRODUCTION 147
8.2 PRISMATIC 150
8.2.1 HIGH ENERGY DENSITY AND BETTER DURABILITY OF PRISMATIC BATTERIES TO DRIVE DEMAND 150
8.3 POUCH 152
8.3.1 SPACE EFFICIENCY OF POUCH CELLS TO DRIVE MARKET 152
8.4 CYLINDRICAL 153
8.4.1 MECHANICAL STABILITY OF CYLINDRICAL CELLS TO DRIVE MARKET 153
8.5 KEY PRIMARY INSIGHTS 155
9 EV BATTERY MARKET, BY PROPULSION 156
9.1 INTRODUCTION 157
9.2 BEV 158
9.2.1 ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET 158
9.3 PHEV 160
9.3.1 REDUCED FUEL CONSUMPTION OF PHEVS TO DRIVE DEMAND FOR ADVANCED EV BATTERIES 160
9.4 FCEV 161
9.4.1 HEAVY-DUTY, COMMERCIAL APPLICATIONS OF FCEVS TO DRIVE MARKET FOR BATTERIES 161
9.5 HEV 163
9.6 KEY PRIMARY INSIGHTS 163
10 EV BATTERY MARKET, BY VEHICLE TYPE 164
10.1 INTRODUCTION 165
10.2 PASSENGER CAR 171
10.2.1 GOVERNMENT POLICIES AND ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET 171
10.3 VAN/LIGHT TRUCK 173
10.3.1 GROWTH OF LAST-MILE DELIVERY SERVICE AND E-COMMERCE TO DRIVE MARKET 173
10.4 MEDIUM & HEAVY TRUCK 175
10.4.1 CORPORATE SUSTAINABILITY GOALS AND ADVANCEMENTS IN BATTERY AND CHARGING INFRASTRUCTURE TO DRIVE MARKET 175
10.5 BUS 177
10.5.1 GROWING FOCUS ON SUSTAINABLE URBAN TRANSPORTATION TO DRIVE MARKET 177
10.6 OFF-HIGHWAY VEHICLES 179
10.6.1 NEED FOR HEAVY-DUTY VEHICLES TO DRIVE DEMAND FOR ROBUST BATTERIES 179
10.7 KEY PRIMARY INSIGHTS 182
11 EV BATTERY MARKET, BY BATTERY CAPACITY 183
11.1 INTRODUCTION 184
11.2 < 50 KWH 186
11.2.1 NEED FOR URBAN-FRIENDLY, AFFORDABLE BATTERY PACKS TO DRIVE MARKET 186
11.3 50–110 KWH 187
11.3.1 RISING DEMAND FOR ELECTRIC VANS/LIGHT TRUCKS TO DRIVE MARKET 187
11.4 111–200 KWH 189
11.4.1 INCREASING DEMAND FOR COMMERCIAL EVS TO DRIVE MARKET 189
11.5 201–300 KWH 190
11.5.1 NEED FOR ELECTRIC PICKUP TRUCKS TO DRIVE DEMAND FOR BATTERIES 190
11.6 > 301 KWH 191
11.6.1 RISING ADOPTION OF HEAVY-DUTY ELECTRIC VEHICLES TO DRIVE MARKET 191
11.7 KEY PRIMARY INSIGHTS 192
12 EV BATTERY MARKET, BY METHOD 193
12.1 INTRODUCTION 193
12.2 WIRE BONDING 194
12.3 LASER BONDING 194
12.4 ULTRASONIC METAL WELDING 194
 
13 EV BATTERY MARKET, BY LITHIUM-ION BATTERY COMPONENT 195
13.1 INTRODUCTION 195
13.2 POSITIVE ELECTRODE 199
13.3 NEGATIVE ELECTRODE 199
13.4 ELECTROLYTE 199
13.5 SEPARATOR 200
14 EV BATTERY MARKET, BY REGION 201
14.1 INTRODUCTION 202
14.2 ASIA PACIFIC 204
14.2.1 MACROECONOMIC OUTLOOK 204
14.2.2 CHINA 209
14.2.2.1 Advancements in battery technologies to drive market 209
14.2.3 INDIA 212
14.2.3.1 Focus on reducing harmful emissions and expansion of domestic battery production to drive market 212
14.2.4 JAPAN 214
14.2.4.1 Emphasis on greenhouse gas reduction to fuel market growth 214
14.2.5 SOUTH KOREA 216
14.2.5.1 Rising technological advancements and support from local manufacturers to boost market 216
14.3 EUROPE 219
14.3.1 MACROECONOMIC OUTLOOK 219
14.3.2 GERMANY 225
14.3.2.1 Presence of leading OEMs like BMW, Mercedes-Benz, and Volkswagen to drive market 225
14.3.3 FRANCE 227
14.3.3.1 Push for clean mobility through policies to drive market 227
14.3.4 ITALY 229
14.3.4.1 Rising focus on electrifying public transport to drive market 229
14.3.5 UK 232
14.3.5.1 Stringent emission reduction targets and government-backed policies to drive growth 232
14.3.6 SPAIN 234
14.3.6.1 Large-scale investments in battery plants and consumer demand for sustainable vehicles to drive market 234
14.3.7 NORWAY 236
14.3.7.1 Adoption of EVs by consumers and ambitious electrification goals by government to drive market 236
14.3.8 SWEDEN 239
14.3.8.1 Commitment to decarbonization to fuel demand for EV batteries 239
14.3.9 DENMARK 241
14.3.9.1 Rapid innovations and increase in sustainability policies to propel market 241
14.4 NORTH AMERICA 243
14.4.1 MACROECONOMIC OUTLOOK 244
14.4.2 US 248
14.4.2.1 Government investments and initiatives to boost EV sales 248
14.4.3 CANADA 250
14.4.3.1 Expansion of OEMs and development of new manufacturing facilities to boost market 250
15 COMPETITIVE LANDSCAPE 253
15.1 INTRODUCTION 253
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 253
15.3 REVENUE ANALYSIS 255
15.4 MARKET SHARE ANALYSIS, 2024 256
15.5 EV BATTERY MARKET SHARE TREND ANALYSIS 258
15.6 COMPANY VALUATION AND FINANCIAL METRICS 259
15.7 BRAND/PRODUCT COMPARISON 260
15.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 261
15.8.1 STARS 261
15.8.2 EMERGING LEADERS 261
15.8.3 PERVASIVE PLAYERS 261
15.8.4 PARTICIPANTS 261
15.8.5 COMPANY FOOTPRINT 263
15.8.5.1 Company footprint 263
15.8.5.2 Region footprint 264
15.8.5.3 Battery form footprint 265
15.8.5.4 Battery type footprint 266
15.8.5.5 Propulsion footprint 267
15.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 267
15.9.1 PROGRESSIVE COMPANIES 267
15.9.2 RESPONSIVE COMPANIES 267
15.9.3 DYNAMIC COMPANIES 268
15.9.4 STARTING BLOCKS 268
15.9.5 COMPETITIVE BENCHMARKING 269
15.9.5.1 List of startups/SMEs 269
15.9.5.2 Competitive benchmarking of startups/SMEs 270
15.10 COMPETITIVE SCENARIO 271
15.10.1 PRODUCT LAUNCHES/DEVELOPMENTS 271
15.10.2 DEALS 272
15.10.3 EXPANSION 274
15.10.4 OTHER DEVELOPMENTS 275
 
16 COMPANY PROFILES 277
16.1 KEY PLAYERS 277
16.1.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 277
16.1.1.1 Business overview 277
16.1.1.2 Products offered 278
16.1.1.3 Recent developments 279
16.1.1.3.1 Product launches/developments 279
16.1.1.3.2 Deals 280
16.1.1.3.3 Other developments 284
16.1.1.4 MnM view 284
16.1.1.4.1 Key strengths 284
16.1.1.4.2 Strategic choices 285
16.1.1.4.3 Weaknesses and competitive threats 285
16.1.2 BYD COMPANY LTD. 286
16.1.2.1 Business overview 286
16.1.2.2 Products offered 287
16.1.2.3 Recent developments 288
16.1.2.3.1 Product launches/developments 288
16.1.2.3.2 Deals 288
16.1.2.3.3 Expansion 289
16.1.2.3.4 Other developments 290
16.1.2.4 MnM view 290
16.1.2.4.1 Key strengths 290
16.1.2.4.2 Strategic choices 290
16.1.2.4.3 Weaknesses and competitive threats 290
16.1.3 LG ENERGY SOLUTION 291
16.1.3.1 Business overview 291
16.1.3.2 Products offered 292
16.1.3.3 Recent developments 293
16.1.3.3.1 Deals 293
16.1.3.3.2 Expansion 295
16.1.3.3.3 Other developments 295
16.1.3.4 MnM view 296
16.1.3.4.1 Key strengths 296
16.1.3.4.2 Strategic choices 296
16.1.3.4.3 Weaknesses and competitive threats 296
16.1.4 CALB 297
16.1.4.1 Business overview 297
16.1.4.2 Products offered 298
16.1.4.3 Recent developments 299
16.1.4.3.1 Product launches/developments 299
16.1.4.3.2 Deals 299
16.1.4.3.3 Other developments 300
16.1.4.4 MnM view 300
16.1.4.4.1 Key strengths 300
16.1.4.4.2 Strategic choices 300
16.1.4.4.3 Weaknesses and competitive threats 300
16.1.5 SK INNOVATION CO. LTD. 301
16.1.5.1 Business overview 301
16.1.5.2 Products offered 302
16.1.5.3 Recent developments 303
16.1.5.3.1 Product launches/developments 303
16.1.5.3.2 Deals 304
16.1.5.3.3 Other developments 305
16.1.5.4 MnM view 306
16.1.5.4.1 Key strengths 306
16.1.5.4.2 Strategic choices 306
16.1.5.4.3 Weaknesses and competitive threats 306
16.1.6 PANASONIC HOLDINGS CORPORATION 307
16.1.6.1 Business overview 307
16.1.6.2 Products offered 308
16.1.6.3 Recent developments 309
16.1.6.3.1 Product launches/developments 309
16.1.6.3.2 Deals 310
16.1.6.3.3 Expansion 311
16.1.6.3.4 Other developments 312
16.1.7 SAMSUNG SDI 313
16.1.7.1 Business overview 313
16.1.7.2 Products offered 314
16.1.7.3 Recent developments 315
16.1.7.3.1 Product launches/developments 315
16.1.7.3.2 Deals 315
16.1.7.3.3 Expansion 316
16.1.7.3.4 Other developments 317
16.1.8 GOTION 318
16.1.8.1 Business overview 318
16.1.8.2 Products offered 319
16.1.8.3 Recent developments 320
16.1.8.3.1 Product launches/developments 320
16.1.8.3.2 Deals 320
16.1.8.3.3 Expansion 321
 
16.1.9 SUNWODA ELECTRONIC CO., LTD. 322
16.1.9.1 Business overview 322
16.1.9.2 Products/Solutions offered 323
16.1.9.2.1 Deals 324
16.1.9.2.2 Expansion 325
16.1.9.2.3 Other developments 326
16.1.10 FARASIS ENERGY (GANZHOU) CO., LTD. 327
16.1.10.1 Business overview 327
16.1.10.2 Products offered 328
16.1.10.3 Recent developments 329
16.1.10.3.1 Product launches/developments 329
16.1.10.3.2 Deals 329
16.1.10.3.3 Expansion 330
16.1.11 TOSHIBA CORPORATION 331
16.1.11.1 Business overview 331
16.1.11.2 Products offered 332
16.1.11.3 Recent developments 333
16.1.11.3.1 Product launches/developments 333
16.1.11.3.2 Deals 334
16.1.12 MITSUBISHI CORPORATION 335
16.1.12.1 Business overview 335
16.1.12.2 Products offered 336
16.1.12.3 Recent developments 337
16.1.12.3.1 Product launches/developments 337
16.1.12.3.2 Deals 337
16.1.12.3.3 Expansion 338
16.1.12.3.4 Other developments 338
16.1.13 ENERSYS 339
16.1.13.1 Business overview 339
16.1.13.2 Products offered 340
16.1.13.3 Recent developments 341
16.1.13.3.1 Deals 341
16.1.13.3.2 Expansion 341
16.1.13.3.3 Other developments 341
16.2 OTHER PLAYERS 342
16.2.1 EXIDE INDUSTRIES LIMITED 342
16.2.2 E-ONE MOLI ENERGY CORP. 343
16.2.3 TARGRAY TECHNOLOGY INTERNATIONAL INC. 344
16.2.4 ALTAIR NANOTECHNOLOGIES INC. 345
16.2.5 CLARIOS 345
16.2.6 NORTHVOLT AB 346
16.2.7 LECLANCHÉ SA 347
16.2.8 ENVISION GROUP 348
16.2.9 A123 SYSTEMS (SUBSIDIARY OF WANXIANG GROUP) 349
16.2.10 GS YUASA INTERNATIONAL LTD. 350
16.2.11 AUTOMOTIVE ENERGY SUPPLY CORPORATION 351
16.2.12 REPT BATTERO ENERGY CO LTD. 352
16.2.13 AUTOMOTIVE CELLS COMPANY 353
16.2.14 BLUEOVAL SK 354
16.2.15 CELLFORCE GROUP GMBH 355
16.2.16 ULTIUM CELLS 356
16.2.17 ONE BATTERY 357
16.2.18 SILA NANOTECHNOLOGIES INC. 358
16.2.19 MORROW BATTERIES 359
17 RECOMMENDATIONS BY MARKETSANDMARKETS 360
17.1 ASIA PACIFIC TO LEAD MARKET FOR EV BATTERIES DURING FORECAST PERIOD 360
17.2 LITHIUM-ION BATTERIES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 360
17.3 PASSENGER CAR SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 361
17.4 SOLID-STATE BATTERIES SEGMENT TO CREATE OPPORTUNITIES FOR BATTERY MANUFACTURERS 361
17.5 CONCLUSION 362
18 APPENDIX 363
18.1 INSIGHTS FROM INDUSTRY EXPERTS 363
18.2 DISCUSSION GUIDE 363
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 367
18.4 CUSTOMIZATION OPTIONS 369
18.4.1 EV BATTERY MARKET, BY PROPULSION TYPE (COUNTRY LEVEL) 369
18.4.2 EV BATTERY MARKET, BY BATTERY CAPACITY (VEHICLE TYPE LEVEL) 369
18.4.3 COMPANY INFORMATION 369
18.4.3.1 Profiling of additional market players (up to five) 369
18.5 RELATED REPORTS 369
18.6 AUTHOR DETAILS 370