Batteries are a crucial component of EVs. As sales accelerate, they will drive higher battery sales, benefiting the companies focused on making them. Forward-thinking investors might want to consider adding battery makers to their portfolio to potentially profit from this megatrend...
The largest lithium-ion battery companies worldwide were located in the Asian continent. China, South Korea, and Japan led the ranking in 2023.
EV Makers Await More Battery InnovationCharles MurraySenior editor
At least eight Chinese battery makers have announced new investments in the North African kingdom since President Joe Biden signed the Inflation Reduction Act. Win McNamee—Getty ImagesAfter the United States passed new subsidies designed to boost domestic electric vehicle production an...
Besides EVs, battery technology is essential for the energy transition, providing storage capacity for intermittentsolar and windgeneration. As battery makers work to supply the EV transition’s increasing demand and improve energy density in their products, we can expect more interesting developments wi...
The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment. Once a leader in the EV battery business,Panasonicnow holds the fourth position with an 8% market share, down from 9% last year. With its main client, Tesla, now sourcing...
Automotive and battery manufacturers face a difficult period of uncertainty in the battery supply chain, and many are turning to building their own battery gigafactories or forming joint ventures to address squeezed supply.The demand is expected to grow by around 30 percent, nearing...
Currently VW purchases batteries from its “strategic suppliers” including CATL and Korean battery makers LG and SK Innovation, the company said, but has no deal for an equity stake in CATL, which has joint ventures with two Chinese automakers, SAIC and GAC. ...
Chinese battery makers appear to be sustaining their pricing power amid tight supply, while China’s battery usage is expected to almost double this year on surging sales of new-energy vehicles. South Korean battery makers, meanwhile, need a new strategy to counter subsidies for EVs like new U...
Their settlement comes at a time while Chinese battery makers are aggressively investing to expand their capacity to capture a bigger share of the growing EV market. Major automakers, including EV leader Tesla and German automaker Volkswagen, have also announced plans to develop their own battery te...