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1102997

Global Electric Vehicle Battery Manufacturer Profiles and Growth Opportunities

Published: | Frost & Sullivan | 99 Pages | Delivery time: 1-2 business days

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Global Electric Vehicle Battery Manufacturer Profiles and Growth Opportunities
Published: June 30, 2022
Frost & Sullivan
Content info: 99 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Local Raw Material Procurement and Supply Contracts with Regional Manufacturers Offer Logistical Advantages and Optimized Growth Strategies

Automotive sales in 2021 continued the seismic shift to electric vehicles (EV) that began in 2020, defying even the most bullish estimates as global EV sales grew by more than 100% year over year (YoY) with close to 6.7 million units sold to achieve 8.9% penetration in the passenger car market. China and Europe led the way, closely followed by the United States. The rapid EV growth sent shock waves throughout the lithium-ion (Li-ion) battery industry, alerting established and new battery manufacturers to incoming demand. The EV battery market is estimated to reach $100 billion in value by 2025.

Of the 6.7 million EVs sold in 2021, 70% were battery electric vehicles (BEV). BEV sales grew from 2.1 million in 2020 to more than 4.5 million in 2021, achieving a 114% YoY growth rate. This figure reflects the jump in battery demand and expected growth trajectory. EVs mainly use Li-ion batteries with varying amounts of cathode elements, such as nickel, cobalt, aluminum, and manganese. Cobalt is a scarce resource procured from conflict regions, and battery manufacturers are actively moving away from these chemistries. Lithium iron phosphate batteries have shown the highest potential in cost, performance, and safety and use abundantly available cathode materials. Sodium is another alternative cathode chemistry that battery manufacturers are exploring.

Safety is a critical consideration in EV batteries. Unlike fuel for internal combustion engine vehicles, EV batteries and battery packs are not one-size-fits-all solutions. Battery packs and battery management systems (BMS) are customized to various factors, including the EV platform, vehicle model specifications, and regional weather. Any error during production or quality assurance checks can cause faulty batteries or battery packs, resulting in disastrous mass recalls affecting thousands of EVs.

Six battery manufacturers dominate the global EV battery market: BYD, CATL, LG Chem, Panasonic, Samsung SDI, and SK Innovation. They accounted for approximately 87% of the global installed battery capacity in 2020 and 2021. This Frost & Sullivan study profiles these leading battery manufacturers, shedding light on their:

  • Global network and production capacity
  • Installed capacity for 2020 and 2021
  • Product portfolio: Cells, chemistries, packs, and BMS
  • Growth strategy
  • Automotive partners and top-selling EV models
  • Latest company news: Expansion roadmap, R&D, partnerships, supply contracts, and battery recycling initiatives

The study also includes a SWOT analysis of each battery manufacturer before rounding out with a discussion on key growth opportunities in the global EV battery market.

Product Code: K6EE-45

Table of Contents

Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Electric Vehicle Battery Industry
  • Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

  • Scope of Analysis
  • Annual Battery Installation by Battery Supplier
  • The Big 6-Top EV Battery Manufacturers
  • Growth Drivers
  • Growth Restraints

Company BYD

  • Company Overview
  • Product Portfolio
  • Annual Battery Installation
  • OEM Partners and Main Models
  • Strategy Focus-Vertical Integration
  • Investments, Partnerships, and R&D
  • Investments, Partnerships, and R&D (continued)
  • SWOT Analysis

Company CATL

  • Company Overview
  • Product Portfolio
  • Annual Battery Installation
  • OEM Partners and Main Models
  • OEM Partners and Main Models (continued)
  • OEM Partners and Main Models (continued)
  • Strategy Focus-Consolidation
  • Investments, Partnerships, and R&D
  • Investments, Partnerships, and R&D (continued)
  • Investments, Partnerships, and R&D (continued)
  • Investments, Partnerships, and R&D (continued)
  • SWOT Analysis

Company Profile-LG Chem

  • Company Overview
  • Product Portfolio
  • Annual Battery Installation
  • OEM Partners and Main Models
  • OEM Partners and Main Models (continued)
  • OEM Partners and Main Models (continued)
  • Strategy Focus-Consolidation
  • Investments, Partnerships, and R&D
  • Investments, Partnerships, and R&D (continued)
  • Investments, Partnerships, and R&D (continued)
  • SWOT Analysis

Company Panasonic

  • Company Overview
  • Product Portfolio
  • Annual Battery Installation
  • OEM Partners and Main Models
  • Strategy Focus-Diversification and R&D
  • Investments, Partnerships, and R&D
  • Investments, Partnerships, and R&D (continued)
  • SWOT Analysis
  • Company Samsung sdi
  • Company Overview
  • Product Portfolio
  • Annual Battery Installation
  • OEM Partners and Main Models
  • OEM Partners and Main Models (continued)
  • Strategy Focus-Internal Collaboration
  • Investments, Partnerships, and R&D
  • Investments, Partnerships, and R&D (continued)
  • SWOT Analysis

Company SK Innovation

  • Company Overview
  • Product Portfolio
  • Annual Battery Installation
  • OEM Partners and Main Models
  • OEM Partners and Main Models (continued)
  • Strategy Focus-Expansion
  • Investments, Partnerships, and R&D
  • Investments, Partnerships, and R&D (continued)
  • Investments, Partnerships, and R&D (continued)
  • SWOT Analysis

Companies to Summary

  • SWOT Analysis Summary
  • SWOT Analysis Summary (continued)
  • Overall Supplier Rating

Growth Opportunity Universe

  • Growth Opportunity 1-Regional Gigafactories for a Global Supply Network
  • Growth Opportunity 1-Regional Gigafactories for a Global Supply Network (continued)
  • Growth Opportunity 2-Recycling Infrastructure for Used EV Batteries
  • Growth Opportunity 2-Recycling Infrastructure for Used EV Batteries (continued)
  • Growth Opportunity 3-Second-Life and New Energy Applications
  • Growth Opportunity 3-Second-Life and New Energy Applications (continued)

Next Steps

  • Your Next Steps
  • Why Frost, Why Now?
  • List of Exhibits
  • List of Exhibits (continued)
  • List of Exhibits (continued)
  • Legal Disclaimer