Last Updated on 08th January 2024
Since the first true battery was invented by the Italian physicist Alessandro Volta in 1800, batteries have come a long way.
The increasing adoption of electric vehicles and usage of batteries beyond traditional applications are paving the way for battery innovation worldwide, with battery companies investing heavily in battery R&D and battery production facilities.
The latest research indicates the dominance of Asian companies in the EV battery market—Chinese companies making up more than 50%, followed by Korean and Japanese companies.
Do you want to learn more about the world’s top companies leading in battery innovation and manufacturing? Read on.
Table of Contents
Global Top 10 Battery Companies 
BYD Co., Ltd.
Contemporary Amperex Technology Co., Ltd. (CATL)
Exide Industries Ltd.
GS Yuasa Corporation
LG Chem Ltd.
Samsung SDI Co., Ltd.
Tianjin Lishen Battery Joint-Stock Co., Ltd.
Blackridge Research & Consulting – Global Battery Market Report
Here are the world’s leading battery companies (listed alphabetically):
Location: Shenzhen, Guangdong, China
BYD Co., Ltd. (“BYD” is an abbreviation of “Build Your Dreams”) was founded by Chinese chemist Wang Chuanfu and is one of China’s largest privately owned enterprises with several subsidiaries.
Over the years, BYD has evolved into a leading technology company with more than 30 industrial parks across 6 continents and an industry leader in automotives, electronics, renewable energy, and rail transit.
As a globally leading producer of rechargeable batteries, including lithium-ion batteries, NCM batteries, and NiMH batteries, BYD owns the entire supply chain layout—from mineral battery cells to battery packs.
BYD’s batteries are ideal for a variety of uses, such as consumer electronics, energy storage, and new energy vehicles. The company launched the “Blade Battery” to mitigate battery safety concerns in electric vehicles like electric cars.
BYD’s Blade Battery successfully passed a nail penetration test. Moreover, its optimized battery pack structure increases the battery pack space by over 50%.
Additionally, the robust chemistry and universal design of BYD’s cobalt-free LFP batteries (lithium iron phosphate batteries) make them suitable for use in a wide range of temperatures and areas worldwide.
Location: Milwaukee, Wisconsin, United States
Formerly known as “Johnson Controls,” Clarios is a global leader in energy storage solutions, with 6 R&D facilities, 16 R&D partnerships, and 50+ facilities worldwide.
Over the years, the company made strategic acquisitions to form the Clarios family of brands.
Clarios’ product portfolio comprises:
In addition, Clarios’ xEV advanced 12V batteries for any electric vehicle or hybrid ensure optimal vehicle performance.
Location: Ningde, Fujian, China
Contemporary Amperex Technology Co., Ltd. (CATL) is a Chinese company that is a world-renowned manufacturer of lithium-ion batteries for EVs and energy storage systems, and battery management systems.
China-based CATL has expanded its market share to be the world’s top supplier of EV batteries. It provides lithium-ion batteries (lithium is a key battery metal along with other critical materials, such as cobalt and nickel) to automotive manufacturers like BMW, Honda, Hyundai, Peugeot, Tesla, and Volvo.
Headquartered in Ningde, Fujian, the company has 5 R&D centers and 13 production bases at various global locations.
CATL provides solutions for passenger vehicles, commercial applications, energy storage systems, and battery recycling.
CATL’s small and light high-power cells are tailored for hybrid EVs and provide significant benefits, such as:
Furthermore, CATL’s battery product solutions for commercial vehicles include traction batteries suitable for light trucks, mini buses, minivans, and other urban delivery vehicles.
CATL also provides customized solutions for construction machinery, vessel electrification, and a variety of vehicles (such as heavy-duty, street-cleaning, and two-wheeled).
Apart from launching its cutting-edge “Qilin” batteries in 2022, the world’s largest EV battery maker launched its EVOGO battery swap services in Hefei, Anhui.
Location: Kolkata, India
Exide Industries Ltd. (also known as “Exide” and “EIL”) is a multinational storage battery manufacturer famously known as India’s “largest manufacturer of automotive and industrial lead-acid batteries.”
The company has 9 factories in India—with subsidiaries in Singapore, Sri Lanka, and the UK—and exports extending to 45 countries across six continents.
Exide manufactures batteries for the automotive, defense, mining, power, and telecom sectors, as well as for computer industries and infrastructure projects.
Exide’s product portfolio comprises:
Additionally, Exide supports integrated power backup systems with Exide Integra and offers SF batteries based on the grid alloy technology for high-rate performance and long life.
Location: Kyoto, Japan
The history of GS goes back to 1895 when Genzo Shimadzu manufactured Japan’s first lead-acid storage battery.
In contrast, YUASA traces its origin to 1913 when founder Shichizaemon Yuasa began research into metal electrolysis.
Decades later, GS Yuasa Corporation was established in 2004 following a merger between GS and Yuasa.
Currently, GS Yuasa is one of the world’s largest battery manufacturers with several offices, as well as domestic and overseas group companies.
GS Yuasa provides batteries for various applications, including:
GS Yuasa’s product portfolio comprises:
The company manufactures high-performance lead-acid batteries and lithium-ion batteries for engine starter, EV, and HEV applications. In addition, Yuasa makes motorcycle and powersport batteries for ATVs, jet skis, motorcycles, scooters, snowmobiles, and UTVs.
Apart from industrial batteries like lead-acid stationary batteries and alkaline (Ni-Cd) stationary batteries, the company’s power supply systems include DC power supply and the electricity power storage machine for railways.
Location: Seoul, South Korea
LG Chem Ltd. (LG Chem) is a prominent chemical company in Korea with solid R&D and product development capabilities.
It also has dedicated production and research centers in and outside of Korea, as well as marketing and sales organizations globally.
The company’s business portfolio comprises petrochemicals, advanced materials, and life sciences. It develops quality materials for rechargeable batteries and the automotive and IT industries.
LG Chem entered the information & electronic materials market in 2000 and commercialized the battery materials business in 2006.
LG Chem’s battery business “LG Energy Solution Ltd.” officially became a separate company in 2020 with a business portfolio that includes:
Furthermore, LG Energy Solution and Japan’s Honda Motor Co., Ltd. are investing in a joint venture to build a lithium-ion battery plant for EVs in the U.S.
Location: Kadoma, Osaka, Japan
Founded in 1918 by Japanese industrialist Kōnosuke Matsushita, Panasonic Corporation (formerly known as “Matsushita Electric Industrial Co., Ltd.) is a globally recognized Japanese conglomerate with company operations organized into various “domain companies,” including appliances, automotive, and industrial solutions.
For instance, Panasonic Automotive is a leading Li-ion battery supplier in the global market for hybrid, plug-in hybrid, and full-electric vehicles with 40+ years of battery leadership.
The company also designs, engineers, and manufactures complete battery systems. It is known for its advanced lithium-ion battery technology that provides the benefits of lower costs, as well as improved energy density and driving range.
Another entity is Panasonic Industry Co., Ltd., which offers a wide range of batteries, including:
Secondary Batteries (Rechargeable Batteries)
In addition, Panasonic Energy of North America (PENA) is one of the world’s largest lithium-ion battery cell producers with a vision of a clean energy society by producing the “world’s safest, highest quality, and lowest cost batteries.”
Location: Yongin-si, South Korea
Samsung SDI Co., Ltd. is a South Korean battery and electronic materials manufacturer with a global network of production, R&D, and sales and is credited with releasing the world’s first flexible (bendable and rollable) battery.
The company has consistently gained a significant market share in the small-sized battery market since starting the lithium-ion rechargeable battery business in 2000.
In addition, it has strengthened its R&D partnership by focusing on battery technology maturity and the upgradation of existing battery materials.
Samsung SDI’s Li-ion battery cells are available in cylindrical, prismatic, and polymer types and provide various advantages, such as enhanced product quality and safety, higher energy efficiency, and longer battery life.
Samsung SDI makes small-sized Li-ion battery cells and battery packs for the following:
Location: Austin, Texas, United States
Founded as “Tesla Motors” and named after the Serbian-American inventor “Nikola Tesla,” Tesla, Inc. (Tesla) is a globally recognized automotive and clean energy company with subsidiaries, including Tesla Automation and Tesla Energy.
It designs and manufactures electric vehicles, battery energy storage systems, solar panels, solar roof tiles, and related products and services.
Tesla’s “Powerwall” is a compact home battery that serves as an integrated battery system to store solar energy for backup protection.
Powerwall complements various home styles and solar systems and comes with versatile mounting options for indoor or outdoor spaces.
Starting with solar battery manufacturing in 2015, Tesla grew its foothold in the electric battery business with strategic partnerships involving industry-leading battery manufacturers like CATL and Panasonic.
Compared to other automaker competitors, Tesla has the largest battery production operations in the U.S.
With a major new investment to expand its Gigafactory in Sparks (Nevada), the Nevada assembly plant will play a key role in making 4680-cell batteries and electric Semi trucks.
Location: Huayuan Hi-tech Industry Park, Tianjin, China
Tianjin Lishen Battery Joint-Stock Co., Ltd. (Lishen Battery or Lishen) is a leading lithium-ion battery manufacturer with production bases in Beijing, Qingdao, Suzhou, Wuhan, Shenzhen, and Mianyang.
The company has worked with many world-class enterprises, including Apple, Dongfeng, Geely, Hyundai, and China Southern Power Grid.
Lishen’s product portfolio comprises:
Consumer Electronics (CE) Battery
Here are some of CE battery’s applications:
Applications include commercial vehicles, passenger vehicles, and special vehicles.
Applications include communication base station, energy generation, grid and electricity ancillary services, household ESS, and peak shaving and valley filling.
In addition to the companies listed above, other major players include Solid Power and SK Innovation.
Solid Power develops all solid-state batteries (based on solid-state battery technology that uses a solid electrolyte instead of liquid electrolytes) for EVs and mobile power markets.
On the other hand, SK Innovation’s “SK on” manufactures high-energy density EV batteries and is known for innovative battery technologies helping build a new generation of mobility and reduce carbon emissions.
Moreover, Ford Motor Company and SK Innovation signed an MoU to create a joint venture, “BlueOval SK,” for manufacturing battery cells and arrays in the U.S.
Furthermore, GM’s (General Motors) huge investment in Lithium Americas to produce battery raw materials will create a sustainable domestic lithium supply chain for EVs.
Blackridge Research & Consulting’s Global Battery Market report provides a comprehensive battery market share analysis (qualitative and quantitative analyses) for each battery segment. It helps you gain a deeper understanding of the battery market across regions, key industry players, competitive landscape, emerging market trends and developments, and more.
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The demand for batteries is growing bigger with their usage extending to a wide variety of applications, including but not limited to the following:
As the transition away from fossil fuels accelerates and the shift towards electrification increases, battery manufacturers worldwide are ready to meet increased energy storage demands with next-generation battery technologies.