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Global Electric Vehicle Battery Manufacturer Profiles and Growth Opportunities
Local Raw Material Procurement and Supply Contracts with Regional Manufacturers Offer Logistical Advantages and Optimized Growth Strategies
30-Jun-2022
North America
Market Research
K6EE-01-00-00-00
AU02356-NA-MT_26674
$4,950.00
Special Price $3,712.50 save 25 %
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.
Author: Prajyot Sathe
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™
Scope of Analysis
Annual Battery Installation by Battery Supplier
The Big 6—Top EV Battery Manufacturers
Growth Drivers
Growth Restraints
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 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 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 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 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
SWOT Analysis Summary
SWOT Analysis Summary (continued)
Overall Supplier Rating
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)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- EV Battery: Annual Installation Capacity by Supplier, Global, 2020 and 2021
- EV Battery: Top 6 EV Battery Manufacturers, Global, 2021
- EV Battery: Growth Drivers, Global, 2022–2030
- EV Battery: Growth Restraints, Global, 2022–2030
- EV Battery: BYD Company Overview, Global, 2021
- EV Battery: BYD Product Portfolio, Global, 2021
- EV Battery: BYD Annual Installation Capacity, Global, 2015–2021
- EV Battery: BYD OEM Partners, Global, 2021
- EV Battery: BYD Strategy Focus, Global, 2021
- EV Battery: BYD News, Global, 2021
- EV Battery: BYD SWOT Analysis, Global, 2021
- EV Battery: CATL Company Overview, Global, 2021
- EV Battery: CATL Product Portfolio, Global, 2021
- EV Battery: CATL Annual Installation Capacity, Global, 2015–2021
- EV Battery: CATL OEM Partners, Global, 2021
- EV Battery: CATL Strategy Focus, Global, 2021
- EV Battery: CATL News, Global, 2021
- EV Battery: CATL SWOT Analysis, Global, 2021
- EV Battery: LG Chem Company Overview, Global, 2021
- EV Battery: LG Chem Product Portfolio, Global, 2021
- EV Battery: LG Chem Annual Installation Capacity, Global, 2015–2021
- EV Battery: LG Chem OEM Partners, Global, 2021
- EV Battery: LG Chem Strategy Focus, Global, 2021
- EV Battery: LG Chem News, Global, 2021
- EV Battery: LG Chem SWOT Analysis, Global, 2021
- EV Battery: Panasonic Company Overview, Global, 2021
- EV Battery: Panasonic Product Portfolio, Global, 2021
- EV Battery: Panasonic Annual Installation Capacity, Global, 2015–2021
- EV Battery: Panasonic OEM Partners, Global, 2021
- EV Battery: Panasonic Strategy Focus, Global, 2021
- EV Battery: Panasonic News, Global, 2021
- EV Battery: Panasonic SWOT Analysis, Global, 2021
- EV Battery: Samsung SDI Company Overview, Global, 2021
- EV Battery: Samsung SDI Product Portfolio, Global, 2021
- EV Battery: Samsung SDI Annual Installation Capacity, Global, 2015–2021
- EV Battery: Samsung SDI OEM Partners, Global, 2021
- EV Battery: Samsung SDI Strategy Focus, Global, 2021
- EV Battery: Samsung SDI News, Global, 2021
- EV Battery: Samsung SDI SWOT Analysis, Global, 2021
- EV Battery: SK Innovation Company Overview, Global, 2021
- EV Battery: SK Innovation Product Portfolio, Global, 2021
- EV Battery: SK Innovation Annual Installation Capacity, Global, 2015–2021
- EV Battery: SK Innovation OEM Partners, Global, 2021
- EV Battery: SK Innovation Strategy Focus, Global, 2021
- EV Battery: SK Innovation News, Global, 2021
- EV Battery: SK Innovation SWOT Analysis, Global, 2021
- EV Battery: SWOT Analysis Summary, Global, 2021
- EV Battery: Supplier Ratings, Global, 2021
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| Deliverable Type | Market Research |
|---|---|
| Author | Ishaan Kolse |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | EV Battery: Annual Installation Capacity by Supplier, Global, 2020 and 2021~ EV Battery: Top 6 EV Battery Manufacturers, Global, 2021~ EV Battery: Growth Drivers, Global, 2022–2030~ EV Battery: Growth Restraints, Global, 2022–2030~ EV Battery: BYD Company Overview, Global, 2021~ EV Battery: BYD Product Portfolio, Global, 2021~ EV Battery: BYD Annual Installation Capacity, Global, 2015–2021~ EV Battery: BYD OEM Partners, Global, 2021~ EV Battery: BYD Strategy Focus, Global, 2021~ EV Battery: BYD News, Global, 2021~ EV Battery: BYD SWOT Analysis, Global, 2021~ EV Battery: CATL Company Overview, Global, 2021~ EV Battery: CATL Product Portfolio, Global, 2021~ EV Battery: CATL Annual Installation Capacity, Global, 2015–2021~ EV Battery: CATL OEM Partners, Global, 2021~ EV Battery: CATL Strategy Focus, Global, 2021~ EV Battery: CATL News, Global, 2021~ EV Battery: CATL SWOT Analysis, Global, 2021~ EV Battery: LG Chem Company Overview, Global, 2021~ EV Battery: LG Chem Product Portfolio, Global, 2021~ EV Battery: LG Chem Annual Installation Capacity, Global, 2015–2021~ EV Battery: LG Chem OEM Partners, Global, 2021~ EV Battery: LG Chem Strategy Focus, Global, 2021~ EV Battery: LG Chem News, Global, 2021~ EV Battery: LG Chem SWOT Analysis, Global, 2021~ EV Battery: Panasonic Company Overview, Global, 2021~ EV Battery: Panasonic Product Portfolio, Global, 2021~ EV Battery: Panasonic Annual Installation Capacity, Global, 2015–2021~ EV Battery: Panasonic OEM Partners, Global, 2021~ EV Battery: Panasonic Strategy Focus, Global, 2021~ EV Battery: Panasonic News, Global, 2021~ EV Battery: Panasonic SWOT Analysis, Global, 2021~ EV Battery: Samsung SDI Company Overview, Global, 2021~ EV Battery: Samsung SDI Product Portfolio, Global, 2021~ EV Battery: Samsung SDI Annual Installation Capacity, Global, 2015–2021~ EV Battery: Samsung SDI OEM Partners, Global, 2021~ EV Battery: Samsung SDI Strategy Focus, Global, 2021~ EV Battery: Samsung SDI News, Global, 2021~ EV Battery: Samsung SDI SWOT Analysis, Global, 2021~ EV Battery: SK Innovation Company Overview, Global, 2021~ EV Battery: SK Innovation Product Portfolio, Global, 2021~ EV Battery: SK Innovation Annual Installation Capacity, Global, 2015–2021~ EV Battery: SK Innovation OEM Partners, Global, 2021~ EV Battery: SK Innovation Strategy Focus, Global, 2021~ EV Battery: SK Innovation News, Global, 2021~ EV Battery: SK Innovation SWOT Analysis, Global, 2021~ EV Battery: SWOT Analysis Summary, Global, 2021~ EV Battery: Supplier Ratings, Global, 2021~ |
| Podcast | No |
| WIP Number | K6EE-01-00-00-00 |