Lithium-ion Battery Companies

The global lithium-ion battery market is projected to be valued at USD 194.66 billion in 2025 and is anticipated to reach USD 426.37 billion by 2033, growing at a CAGR of 10.3%. Market growth is fueled by the rapid acceleration of electric vehicle production, the scaling up of battery energy storage systems for grid reliability, and rising demand from consumer electronics and industrial automation. Governments across key economies are introducing subsidy programs, import duty waivers, and production-linked incentives to boost domestic cell manufacturing and reduce dependence on imports. At the same time, rising investment in recycling infrastructure and second-life battery applications is creating a circular value chain. Strong demand for high-performance batteries in aerospace, marine, and telecommunications sectors also broadens the market landscape.

Major players operating in the lithium-ion battery market: CATL (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD (China), and Samsung SDI (South Korea). These companies are actively pursuing organic and inorganic growth strategies to strengthen their global presence and capture a larger lithium-ion battery market share. These include capacity expansions, strategic collaborations, technology partnerships, new product developments, and mergers and acquisitions. Through these efforts, they have successfully expanded their manufacturing footprint, entered emerging markets, and enhanced their supply chain capabilities to meet rising global demand across electric mobility, energy storage, and industrial applications.

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Major Lithium-ion Battery Companies Include:

• Contemporary Amperex Technology Co., Limited. (China)
• LG Energy Solution (South Korea)
• Panasonic Holdings Corporation (Japan)
• BYD Company Ltd. (China)
• SAMSUNG SDI (South Korea)

Contemporary Amperex Technology Co., Limited. (China):  Contemporary Amperex Technology Co. Limited (CATL) stands out as one of the most influential players in the global lithium-ion battery market, with a strong presence across electric mobility and energy storage applications. The company has established a comprehensive value chain spanning battery materials, cell manufacturing, battery management systems, recycling, and second-life applications, positioning itself as a vertically integrated leader. CATL’s solutions cater to a broad range of sectors, including electric vehicles, power grids, telecommunications, and residential energy systems. The company actively pursues organic innovation and inorganic initiatives to strengthen its market position. In May 2025, CATL introduced the TENER Stack, a 9 MWh ultra-large capacity energy storage system aimed at utilities and AI data centers seeking efficient and transportable solutions. CATL partnered in April 2025 with Research Institute of Highway (RIOH), the Ministry of Transportation (China) to advance battery swapping infrastructure for electric freight transport as part of its inorganic growth efforts. With 10 production bases and 5 RD centers across China and Japan, CATL is well-positioned to support the industry's shift toward cleaner energy and greater grid resilience.

LG Energy Solution (South Korea):  LG Energy Solution, established as an independent entity in December 2020 following its separation from LG Chem, has rapidly emerged as a global leader in lithium-ion battery manufacturing. The company operates across three key business divisions—Advanced Automotive, Mobility and IT, and Energy Storage Systems—catering to various applications, including electric vehicles, portable electronics, and stationary storage. It has built an extensive global production network through partnerships with major automakers, such as General Motors, Stellantis, Hyundai, and Honda, enabling large-scale supply and joint technology development. The company focuses on organic and inorganic growth strategies to maintain its competitive edge. In 2024, LG Energy Solution invested 4.1% of its revenue into research and development, reflecting its commitment to innovation and performance improvement. In April 2025, the company entered into a joint venture agreement with Derichebourg, a French metal recycler,  to establish a closed-loop battery recycling facility in northern France. This move aims to strengthen raw material recovery capabilities and enhance value chain resilience in the European market.

SAMSUNG SDI (South Korea): Samsung SDI has established itself as a key competitor in the lithium-ion battery market, focusing strongly on energy solutions and electronic materials. Its Energy Solutions division supplies a diverse portfolio, ranging from small batteries for mobile devices to large-scale automotive batteries and energy storage systems for commercial and residential use. The company specializes in telecommunications solutions and uninterruptible power supply (UPS) systems, offering products engineered for optimal efficiency and high reliability in mission-critical applications. Samsung SDI operates globally with facilities and subsidiaries spanning Asia, Europe, and North America, giving it a broad international presence. The company balances organic innovation, investing 8% of its revenue into research and development in 2024, alongside strategic partnerships. Notably, Samsung SDI partnered with General Motors in August 2024 to form a joint venture in the US focused on electric vehicle battery production, a move aimed at strengthening its footprint in the competitive North American EV market.

Market Ranking

The lithium-ion battery market is comparatively consolidated, with the key participants, namely, Contemporary Amperex Technology Co Limited (China), BYD Company Ltd (China), LG Energy Solution (South Korea), Samsung SDI (South Korea), and Panasonic Holdings Corporation (Japan) collectively accounting for approximately 50 to 60% of the global market share. CATL leads the industry due to its large-scale production capabilities and strong foothold in electric vehicles and energy storage systems. BYD benefits from its vertically integrated operations and dominant position in China’s EV market. LG Energy Solution has secured its presence through global joint ventures with major automakers. Samsung SDI continues to expand its reach with a diversified portfolio across electric mobility, stationary storage, and consumer electronics. Panasonic maintains relevance through long-standing partnerships and technical expertise in automotive battery solutions. These companies continue to shape the competitive landscape through investment in innovation, capacity expansion, and strategic collaborations.

Related Reports:

Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50-100 kWh, >100 kWh), Energy Storage (Residential, Utilities) Consumer Electronics, Medical - Global Forecast to 2033

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