Top 7 Lithium ion Battery Manufacturers 2024

Top 7 Lithium ion Battery Manufacturers 2024
Top 7 Lithium ion Battery Manufacturers 2024 15


Against the backdrop of the global wave of new energy electrification and the rise of the energy storage market, the market demand for lithium batteries, which play an important role, is exploding. Therefore, lithium battery companies are accelerating their global layout.

Overall, the global lithium-ion battery production capacity exceeded 2000GWh in 2023, and it is expected to maintain a compound growth rate of 33% in the next four years, with a production capacity exceeding 6300GWh by 2026.

From a distribution perspective, in 2022, Asia’s lithium battery production capacity will occupy an absolute leading position, accounting for 86% of the total production capacity. It is expected to maintain this dominant position for the next four years.

At the same time, Europe and the Americas, as the two major consumer markets for new energy vehicles, are also cultivating the development of domestic battery industry chains through encouraging policies.

Batteries are an important part of energy transformation. Therefore, lithium battery manufacturers are competing with each other to get a share of the growing lithium battery market share.

This article provides a detailed discussion of the top 7 lithium ion battery manufacturers.

Table of Contents


(Contemporary Amperex Technology Co., Limited)

Top 7 Lithium ion Battery Manufacturers 2024 16

1.1 Company Introduction

CATL is a leading company in the industry from China, as well as the world’s largest lithium ion battery manufacturers and a leading developer and manufacturer of lithium-ion batteries for electric vehicles and energy storage systems.

The company was founded in 2011 and is renowned for its expertise in new ideas, clean energy, and high-performance lithium batteries. CATL is mainly committed to manufacturing modern batteries for automobiles, storing renewable energy, and electronic devices, as well as producing advanced batteries and energy storage systems. Among the global production of 296.8 GWh, the company accounted for 96.7 GWh, a year-on-year increase of 167.5%.

1.2 Product Scope

1.2.1 CATL —— lithium ion battery manufacturers

Provides a variety of lithium-ion batteries suitable for electric vehicles, energy storage systems, and other applications, and the brand is known for its high energy density and reliability.

1.2.2 Battery Management System (BMS)

Provides advanced battery management systems to optimize the performance, safety, and lifespan of lithium-ion batteries in various environments.

1.2.3 Energy Storage Solutions

Develop comprehensive energy storage solutions for residential, commercial, and industrial applications, emphasizing efficiency and sustainability.

CATL Lithium-ion Batteries
Top 7 Lithium ion Battery Manufacturers 2024 17

1.3 The Excellent Impact of CATL

1.3.1 Global Influence

CATL has a global influence and has established partnerships with major global car manufacturers. Their batteries provide power for electric vehicles, from compact cars to commercial trucks.

1.3.2 Innovation

CATL is renowned for continuously innovating battery technology. They are industry technology pioneers in cobalt free lithium iron phosphate (LFP) batteries, which have higher safety and environmental benefits.

1.3.3 Sustainability

The company attaches great importance to sustainability and produces battery products that help reduce greenhouse gas emissions and adopt clean energy solutions.

1.3.4 Widely Applicable

CATL’s battery business is not limited to electric vehicles. They are also used in renewable energy storage systems and fixed energy solutions, supporting the integration of clean energy into grid design solutions.

1.3.5 Global Recognition

The contributions made by CATL in the electric vehicle and energy storage industry have been recognized and praised, consolidating its leading position in the industry.

2. BYD

(BYD Corporation Limited)

BYD Corporation Limited
Top 7 Lithium ion Battery Manufacturers 2024 18

2.1 Company Introduction

BYD Co., Ltd. is also a company founded in 1995, with the main purpose of developing new ideas and helping to protect the environment, using green technology to create high-quality and environmentally friendly products. It is also one of the top lithium ion battery manufacturers in the world.

As one of the largest private enterprises in China, the company’s comprehensive product portfolio includes:

  • Automobile (pure electric vehicle)
  • Battery powered bicycles
  • forklift
  • Hybrid electric buses
  • Rechargeable batteries (electric vehicle batteries, mobile phone batteries, and renewable energy storage)
  • Solar panels

It is the world’s first enterprise to achieve industrialization of iron phosphate batteries, and also the world’s largest iron phosphate battery factory with over 24 years of battery manufacturing experience. It mainly produces rechargeable batteries and electric vehicles, and has a deep accumulation in the three core technologies of batteries, motors, and motor controllers.
BYD is committed to transforming China’s transportation and manufacturing industry, and has built the first “zero carbon industrial park” in Pingshan – the first zero carbon headquarters of Chinese automotive brands.

This ambitious project showcases a range of green solutions, such as energy storage systems, intelligent green multi-layer rail transit systems, new energy vehicle charging stations, photovoltaic power generation, etc.

2.2 Product Scope

2.2.1 BYD Lithium Iron Phosphate Battery (LiFePO4)

This is a lithium iron phosphate battery known for its high energy density and longer lifespan, which can be used in electric vehicles, energy storage systems, and solar energy applications. BYD’s zero emission energy ecosystem demonstrates its capabilities in energy storage, electrified transportation, and solar power generation.

2.2.2 BYD Blade Battery

Introducing innovative blade batteries aimed at improving safety and increasing energy density, specifically designed for electric vehicles.

2.2.3 Energy Storage Solutions

Provide comprehensive energy storage solutions for residential, commercial, and utility scale applications, emphasizing efficiency and sustainability.

Top 7 Lithium ion Battery Manufacturers 2024 19

2.3 The Excellent Impact of BYD

2.3.1 Lithium Battery Technology

BYD is a leading enterprise in the field of lithium battery innovation. It is worth noting that the company is exploring the production of sodium ion batteries, which are a promising alternative to traditional lithium-ion batteries and have advantages in cost, safety, and energy density. This innovative approach aligns with BYD’s commitment to sustainable energy solutions and company philosophy.

2.3.2 Expand Production Capacity

With the increasing demand for electric vehicles and clean energy, BYD has announced plans to invest $1.2 billion to build an electric vehicle battery factory in central China. This significant investment demonstrates BYD’s commitment to expanding production capacity to meet the growing global demand for electric vehicle batteries.

2.3.3 Market Demand

BYD is committed to lithium battery technology and production expansion, consolidating its position as one of the top electric vehicle battery suppliers. The cooperation with other major battery manufacturers and the focus on innovative battery chemistry such as sodium ion batteries indicate BYD’s commitment to leading the future market of clean energy storage and transportation.

Meanwhile, one of the core components of new energy vehicles is the battery, and the cost of the battery accounts for an important part of the overall vehicle cost. Due to the reduction in raw material costs, there is room for price reduction, resulting in an effective reduction in battery manufacturing costs.

This provides greater price reduction space for new energy product manufacturers such as BYD.
BYD took the lead in launching a price war for new energy vehicles in China, largely based on its confidence and grasp of its own lithium battery technology costs.

3. EVE Energy

EVE Energy
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3.1 Company Introduction

EVE Energy is a large Chinese company founded in 1999, renowned for its expertise in new creativity, high-quality products, and environmental protection. It is a model for lithium ion battery manufacturers, adopting a diversified business model, focusing on consumer batteries, power batteries, and energy storage batteries, committed to manufacturing automotive specific batteries and renewable energy storage equipment.
Since its listing in 2009, its revenue has significantly increased from $300 million to nearly $11.83 billion.

3.2 Product Scope

3.2.1 EVE lithium-ion batteries

Provide a variety of lithium-ion batteries optimized for electric vehicles, energy storage systems, and other applications, known for their high energy density and reliability.

3.2.2 Battery Packs and modules

Provide customized battery packs and modules designed to meet the specific requirements of various industries, ensuring that customers are provided with products with the best performance and safety.

3.2.3 Energy storage solutions

Develop comprehensive energy storage solutions for residential, commercial, and industrial use, emphasizing efficiency and environmental sustainability.

3.3 The Excellent Impact of EVE Energy

EVE Energy2
Top 7 Lithium ion Battery Manufacturers 2024 21

3.3.1 Product and Technical Achievements

EVE Energy has a rich product line and is widely praised in the market. In the field of power batteries in 2023, the company remained in the top five in the Chinese new energy passenger vehicle market and entered the top ten in the global market. In the field of commercial vehicles, the installed capacity of batteries for new energy trucks, buses, and specialized vehicles ranks among the top three in the country.

3.3.2 Energy Storage Field

In 2023, the global shipment volume of energy storage batteries was about 20.68 GWh, a year-on-year increase of 204.3%. Among them, EVE Energy contributed about 1.59 GWh, a year-on-year increase of 450%, ranking among the top three global energy storage battery suppliers.

3.3.3 High Quality Products

The square lithium iron phosphate LF560K energy storage battery launched by EVE Energy has a super capacity of 560Ah, an energy ratio of 1.792kWh, and a lifespan of over 12000 times. The price of the supporting energy storage power station is highly competitive, making it an excellent and feasible alternative to pumped storage power stations, which can serve the vast energy storage market.

4. LG Chem

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4.1 Company Introduction

LG Chem is a South Korean company and the only one among the world’s four major battery companies with a background in chemical materials. Founded in 1947, it is known for its expertise in producing batteries with innovative ideas. LG Chem focuses on quality, environmental protection, and the use of new technologies. The company has become a lithium ion battery manufacturers and supplier for global car manufacturers such as Ford, Chrysler, Audi, Renault, Volvo, Jaguar, Porsche, Tesla, and SAIC Group.

4.2 Product Scope

4.2.1 LG Chem lithium-ion battery

We provide lithium-ion batteries suitable for various applications, including electric vehicles, energy storage solutions, and consumer electronics, known for their high energy density.

4.2.2 Lithium ion battery packs and modules

Provide customized battery packs and modules designed to meet specific industry requirements, ensuring optimized performance and safety.

4.2.3 Energy storage solutions

Develop comprehensive energy storage solutions for residential, commercial, and industrial use, emphasizing efficiency and environmental protection.

Top 7 Lithium ion Battery Manufacturers 2024 23

4.3 The Excellent Impact of LG Chem

4.3.1 The latest battery technology

LG Energy Solution will launch its home battery solution. Although the source did not provide specific details, this emphasizes the company’s commitment to developing cutting-edge battery technology that can completely change the residential energy storage field.

4.3.2 Expand production capacity

LG Energy Solution is actively expanding its production capacity and is investing $5.5 billion to build a battery plant in the United States. This major investment aims to meet the growing demand for electric vehicle (EV) batteries and renewable energy storage solutions, and seize market share.

4.3.3 Intelligent factory system

LG Energy Solution has also expanded its smart factory system to North American joint ventures (JVs). This expansion aims to optimize production processes and improve efficiency, ensuring that LG continues to become a leading enterprise in the battery manufacturing field.

5. Samsung SDI

Samsung SDI
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5.1 Company Introduction

Samsung SDI is a top Korean company known for its innovative design ideas since 1970, and is an indispensable part of the battery industry.
Samsung SDI is concerned with manufacturing high-quality products, helping the environment, and using new technologies. Unlike other lithium ion battery manufacturers, SDI specializes in small-sized lithium-ion batteries. Square cells provide more protection and higher safety compared to cylindrical cells. However, the disadvantage of square cells is that there are too many models and the process is difficult to unify.

5.2 Product Scope

5.2.1 Lithium ion batteries

Produce excellent lithium battery products with long service life and good performance.

5.2.2 Battery packs and modules

Samsung SDI manufactures special battery packs and modules for industries such as automotive, electronics, and energy storage.

5.2.3 Energy Storage System (ESS)

Samsung SDI also produces expandable batteries for energy storage in households, businesses, and industrial sectors. People can store additional energy from the sun or store energy when there is not much electricity usage.

5.2.4 Business and Industrial Solutions

They also provide specialized batteries for businesses and industries. These batteries help manage energy usage properly and support the use of renewable energy.

5.3 The Excellent Impact of Samsung SDI

Samsung SDI2
Top 7 Lithium ion Battery Manufacturers 2024 25

5.3.1 Lithium battery technology

Samsung SDI is a leading enterprise in the field of lithium battery technology innovation. The batteries it is developing are expected to provide higher energy density, longer lifespan, and stronger safety performance, making them essential for various applications such as electric vehicles (EVs).

5.3.2 Expand production capacity

Samsung SDI has partnered with Stellantis to launch plans to build a second battery factory in the United States. This indicates their commitment to expanding production capacity to meet the growing demand for lithium batteries, and the new super factory will make significant contributions to lithium battery production in 2023 and beyond.

5.3.3 Global influence

Samsung SDI ‘s focus on lithium batteries not only benefits the United States, but also has an impact on the world. Their progress in lithium battery technology has the potential to shape the future of electric vehicles, renewable energy storage, and contribute to a cleaner and more sustainable world.

6. SK Innovation

SK Innovation

6.1 Company Introduction

SK Innovation is a South Korean company engaged in energy and chemical business. Since 1962, they have also produced batteries, making them an established lithium ion battery manufacturers.

6.2 Product Scope

6.2.1 Lithium ion batteries

SK Innovation produces a variety of batteries suitable for various purposes. They produce automotive batteries, energy storage batteries, and electronic device batteries. These batteries are known for their high power, reliability, and ability to meet a variety of different needs.

6.2.2 Electric vehicle batteries

They specialize in manufacturing powerful batteries for electric vehicles. These batteries have a long service life, good performance, and can drive the progress of automobiles.

6.2.3 Energy storage solutions

SK Innovation provides comprehensive energy storage solutions for residential, commercial, and industrial use, emphasizing efficiency and sustainability.

6.3 The Excellent Impact of SK Innovation

6.3.1 Lithium battery technology

SK Innovation’s R&D investment and technological innovation in the battery field have improved the performance and safety of lithium batteries. The company continuously optimizes battery materials and manufacturing processes, developing more efficient and durable lithium battery products.

6.3.2 High quality productivity , high service quality

SK Innovation also focuses on green production and sustainable development, by introducing energy-saving and emission reduction technologies and measures to reduce harmful environmental impacts during the production process, setting a benchmark for environmental protection in the industry.

6.3.3 Global influence

SK Innovation’s outstanding performance in lithium battery technology, capacity expansion, and global influence has not only brought great commercial success to itself, but also made important contributions to the sustainable development of global energy.
The company will continue to be committed to technological innovation and market expansion, adhering to the concept of green development, and promoting the transformation and upgrading of the global energy industry.

7. Panasonic

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7.1 Company Introduction

Panasonic is one of the three largest lithium battery companies in the world, a Japanese company that uses NCA positive electrodes and a complex battery management system, resulting in higher battery efficiency and safety. It is Tesla’s lithium ion battery manufacturers and supplier.
They produce many electronic products and technological solutions. The company was founded in 1918 and is renowned for creating new intelligent products in many fields. Panasonic cares about making good things, unleashing creativity, and helping to improve and protect the environment.

7.2 Product Scope

7.2.1 Alkaline batteries

Provide a range of alkaline batteries suitable for various consumer electronic devices and household appliances.

7.2.2 Carbon zinc batteries

Provide reliable carbon zinc batteries for the daily use of low power consuming devices.

7.2.3 Nickel hydrogen rechargeable batteries

Provide a range of nickel hydrogen rechargeable batteries suitable for various applications, including cameras, remote controls, and other electronic devices.

7.2.4 Lithium ion rechargeable batteries

Provide high-performance lithium-ion rechargeable batteries for power consuming devices such as cameras and power tools.

7.3 The Excellent Impact of Panasonic

Top 7 Lithium ion Battery Manufacturers 2024 27

7.3.1 The latest battery technology

Panasonic has made significant progress in battery technology by launching all solid-state batteries. These batteries represent a breakthrough in the field of energy storage, with higher energy density, higher safety, and faster charging speed compared to traditional lithium-ion batteries.

7.3.2 Expand production capacity

In order to meet the growing demand for electric vehicle (EV) batteries, the company plans to build four more electric vehicle battery factories. This expansion demonstrates Panasonic’s commitment to supporting the electric vehicle revolution and highlights its position as a participant in the battery manufacturing industry.

7.3.3 Tesla Partnership

Panasonic’s cooperation with Tesla remains strong. In 2023, Panasonic plans to begin producing new Tesla batteries, which will play an important role in providing batteries.

7.4 Brand issues that need attention

At the beginning of 2024, Panasonic Industries was exposed for data fraud, with flame retardant data directly related to lithium-ion battery related product projects such as electric vehicles. Customers may need to pay attention to these potential impact issues when choosing.


Lithium ion batteries have high cost performance, low self discharge rate, and slow power loss, which can meet a wide range of power and performance requirements. Lithium ion batteries are widely used in industrial and mobile devices, medical and portable electronic devices, electric tools, and more.

With the continuous growth of market demand for energy storage and related application products, the demand for new era batteries such as lithium-ion batteries has also increased.

The corresponding industry has emerged, with lithium mining companies, lithium ion battery manufacturers, battery material suppliers, and other participants in the battery industry forming a new ecosystem, which has a positive impact on using lithium-ion technology to change the world.

Understanding the manufacturers of these lithium batteries can help you provide objective and authentic reference opinions when choosing partners.

GYCX‘s lithium batteries all use A-grade genuine cells from the top 7, ensuring product quality.
And the one-stop service provided by GYCX includes customizing specialized solutions according to your needs, achieving high-quality products and excellent service.
If you are interested, you can contact us immediately.

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