The world’s top 10 Power Lithium battery manufacturing companies include China’s CATL, BYD Company, Panasonic, and Guoxuan, with a total of five large lithium battery companies. CATL had sales of 32.5 GWH last year and a market share of 27.87%, firmly ranking first in the world.
Panasonic is currently manufacturing batteries for tech and automotive giants Tesla, whose cars are well-renowned in the world for their efficiency and performance. Apart from that, the firm is also involved in manufacturing communication systems and security systems. Toshiba has made a huge investment in its R&D department for lithium technology.
The top 100 lithium battery manufacturers operate primarily in China, Japan, and South Korea. These countries collectively account for nearly 90% of the market share in the global lithium battery production and power lithium battery field.
It tells us that between 2012 and 2016, the lithium industry’s growth almost doubled from USD 11.7 billion to 22.5 billion. Looking at the current scheme of things, the same report also estimated that in the next five years, the global lithium industry will cross USD 70 billion.
Lithium-ion batteries are produced in factories set up by Lishen in Tianjin, Qingdao, and Suzhou. With an annual production capacity of 15G watt-hour lithium-ion batteries, the international high-end market share ranks in the forefront of the global lithium-ion industry.
The size of South Korea's lithium-ion battery market is about 116.6 GWH, according to research published by SNEResearch. The top 10 companies in the market accounted for 86.87% of global sales, with combined sales of 101.3 GWH. Global sales of lithium-ion batteries were approximately this amount.
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