Three major battery makers as of 2023
Panasonic (Japan)
Panasonic is a Japanese electric and electronic company founded in 1918. The head office is located in Osaka, Japan. Panasonic operates in various fields such as home appliances, electronic components, automotive components, semiconductors, telecommunications equipment, energy, and medical devices.It holds the world's largest market share in the electric vehicle battery market. Panasonic is Tesla's main battery supplier, with over 30% share of the electric vehicle battery market. Panasonic has produced 20 billion electric vehicle batteries worldwide as of 2023.
We are investing in developing new battery technologies to strengthen our competitiveness in the electric vehicle battery market. Panasonic announced its new electric vehicle battery, the 4680 battery, in June 2022. The 4680 battery has higher energy density, shorter charging times, and lower production costs than conventional batteries.
It holds the world's largest market share in the electric vehicle battery market. Panasonic is investing in developing new battery technologies, and is strengthening its competitiveness in the electric vehicle battery market.
LG Chem (Korea)
It is a South Korean chemical company founded in 1952. The head office is located in Gangnam-gu, Seoul. LG Chem operates in various fields such as petrochemicals, electronic materials, batteries, life sciences, and high-tech materials.It holds the world's second-largest market share in the electric vehicle battery market. LG Chem supplies batteries to various automakers, including Hyundai Motor, Kia Motors, Tesla, Volkswagen, and Ford. As of 2023, LG Chem produced 10 billion electric vehicle batteries worldwide.
We are investing in developing new battery technologies to strengthen our competitiveness in the electric vehicle battery market. LG Chem announced a new electric vehicle battery, the 'NCMA' battery, in January 2022. NCMA batteries have higher energy density, shorter charging times, and lower production costs than conventional batteries.
It holds the world's second-largest market share in the electric vehicle battery market. LG Chem is investing in developing new battery technologies and is strengthening its competitiveness in the electric vehicle battery market.
CATL (China)
CATL (Contemporary Amperex Technology Limited) is a Chinese electric vehicle battery manufacturer founded in November 2011. Its headquarters are located in Qinghai City, Ningxia Hui Autonomous Region, Qinghai Province, China.It has been the world's No. 1 electric vehicle battery market since 2017. CATL supplies batteries to a variety of automakers, including Tesla, BYD, Volkswagen, BMW, Daimler, and Renault. CATL has produced 150 billion electric vehicle batteries worldwide as of 2023.
We are investing in developing new battery technologies to strengthen our competitiveness in the electric vehicle battery market. CATL announced its new electric vehicle battery, 'NCM98·61' in October 2022. NCM98·61 batteries have higher energy density, shorter charging times, and lower production costs than conventional batteries.
It is the world's No. 1 electric vehicle battery market. CATL is investing in the development of new battery technologies and strengthening its competitiveness in the EV battery market.
These companies have a high share of the electric vehicle battery market. Panasonic is Tesla's main battery supplier, while LG Chem is Hyundai Motor and Kia Motors' main battery supplier. CATL has a high share of China's electric vehicle market.
These companies are increasing battery production as the electric vehicle market grows. It is also investing in developing new battery technologies. Through these efforts, we are strengthening our competitiveness in the electric vehicle market.