13 Electric Vehicle (EV) Battery Manufacturers in 2023
This section provides an overview for electric vehicle (ev) batteries as well as their applications and principles. Also, please take a look at the list of 13 electric vehicle (ev) battery manufacturers and their company rankings. Here are the top-ranked electric vehicle (ev) battery companies as of December, 2023: 1.SK on Co., Ltd., 2.JBC Technologies, Inc., 3.SSAB.
Table of Contents
What Is an Electric Vehicle (EV) Battery?
An EV battery is a battery for electric vehicle (EV) applications.
The battery does not run out after one-time use, but can be recharged and used over and over again.
Currently, lithium-ion batteries are the most commonly used EV battery. Lithium-ion batteries are lighter and have a higher capacity than the lead-acid batteries that preceded them, and have the advantage of high energy density.
For this reason, all-solid-state batteries, which do not use electrolyte, are currently being developed as the next generation of EV battery.
Uses of EV Batteries
EV batteries are used as on-board batteries to power hybrid vehicles and EVs.
Recently, in addition to their use as power sources for EVs, EV batteries are also expected to be used as virtual power plants while mounted on EVs in order to ensure a stable supply of electric power.
Since it is difficult to stockpile large amounts of electricity, there is always the risk of sudden power outages due to power shortages. When there is a power shortage, in addition to the power from the actual power plant, the concept of a virtual power plant that accommodates power from solar power generation, storage batteries, and EVs in companies and general households.
Principles of EV Batteries
This section describes the operating principles of lithium-ion batteries, which are currently the mainstream EV batteries, and all-solid-state batteries, which are currently in the development stage.
1. Lithium-Ion Battery
Lithium-ion batteries are charged and discharged by lithium ions moving back and forth between the positive and negative electrodes in a liquid electrolyte.
A lithium-ion battery consists of an organic solvent containing a lithium compound, a cathode of oxide containing lithium and metal, an anode of graphite, and a separator made of a polymer compound membrane.
When an external charger supplies an electric current and sends electrons to the anode, positive lithium ions move from the cathode side through the gap in the separator to the anode, creating a potential difference between the cathode and anode and charging the battery.
When discharging, the lithium ions stored in the negative electrode move to the positive electrode, and electrons flow from the negatively charged negative electrode to the external load to use the energy in the battery.
2. All Solid-State Battery
All-solid-state batteries work on the same principle as lithium-ion batteries, in which lithium ions move back and forth between the positive and negative electrodes. However, all solid-state batteries do not use an electrolyte, and lithium ions move through the solid electrolyte. Also, since there is no risk of the cathode and anode touching, there is no separator.
Types of EV Batteries
EV batteries are mainly rechargeable batteries. The EV batteries currently being developed and commercialized include the following:
1. Lead-Acid Batteries
Lead-acid batteries are superior in that materials are abundant and inexpensive, and the risk of explosion or fire due to external forces applied during a collision is low.
They are used as auxiliary batteries for electric vehicles. By securing a separate battery for the air conditioner and lights, the parts powered by the auxiliary battery can operate without problems even if the drive battery fails in the event of an accident. Lead-acid batteries are widely used because of their high service life and low cost.
2. Lithium-Ion Batteries
One of the main characteristics of lithium-ion batteries is that their energy density is 1.5~5 times higher than that of other rechargeable batteries. It has the advantages of no memory effect, which appears to reduce capacity, and a high nominal voltage of 3.6 V. On the other hand, its high energy density is also advantageous at high temperatures.
On the other hand, the high energy density also poses a risk of ignition at high temperatures. For this reason, electric vehicles using drive batteries must be protected from damage caused by large shocks. Automobile manufacturers pay special attention to the safety of drive batteries in their development.
3. Nickel-Metal Hydride Battery
The nickel-metal hydride battery consists of nickel hydroxide for the positive electrode and a hydrogen storage alloy for the negative electrode.
Although nickel-metal hydride batteries are inferior to lithium-ion batteries in terms of energy density and other performance aspects, they are superior in terms of cost and safety. They are mainly used for HEVs (hybrid vehicles) due to their low energy density.
List of 13 Electric Vehicle (EV) Battery Manufacturers
*Including some distributors, etc.
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- Company Size: largest first
- Year Founded: oldest first
- Year Founded: earliest first
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- United States of America
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Manufacturer Overview
3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota. 3M provides diversified technology services globally. 3M operates through four segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offerings include industrial abrasives, masking, and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment offerings include ceramic solutions, light management films, and electronics assembly solutions. The Healthcare segment offerings include wound care, dentistry and orthodontia solutions, and filtration and purification systems. The Consumer segment offerings include consumer bandages, picture hanging, and stationery products.
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Panasonic Corporation of North America.
Electric Vehicle (EV) Batteries
Company Overview
Panasonic Corporation of North America is a global sustainable technology solutions provider established in 1918 by Konosuke Matsushita. The company was established on the philosophy that "business is ultimately for the betterment of our society". The company offers electronic components and devices that support Electric Vehicle charging applications. Panasonic also offers a total suite of digital and automation technologies to the manufacturing sector including electronics assembly equipment and advanced robotics for industrial automation. The company has technology solutions for education, entertainment, media, and sports as well as energy and utilities.
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JBC Technologies, Inc.
ELECTRIC VEHICLE BATTERIES
Company Overview
A 3M™ Preferred Converter and world-class die-cutter, JBC Technologies provides innovative die-cut solutions that enable our customers to convert their design concepts into reality. But the impact of what we do goes far beyond converting flexible materials into custom parts. Our customers benefit from our strong engineering focus and emphasis on providing value during the full product lifecycle. This includes everything from a prototype and quick react program that helps you solve last-minute production problems fast to high volume production with lead time strategies tailored to your specific needs.
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Samsung SDI
Automotive Battery
Manufacturer Overview
Samsung SDI is a supplier and a manufacturer of battery technologies, a global provider of advanced battery solutions, and a subsidiary of the Samsung Group which is located in Seoul, South Korea. Established in 1970, the company provides an extensive array of products, including batteries for electric vehicles (EVs), energy storage systems (ESS), mobile devices, and consumer electronics. One of their notable offerings is the "Samsung SDI ESS," an energy storage solution specifically designed to store and effectively utilize renewable energy.
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Nissan Motor Co., Ltd.
Electric Vehicle (EV) Batteries
Manufacturer Overview
Nissan Motor Co., Ltd., is a global car manufacturer, founded in 1933 and headquartered in Yokohama, Japan, The company sells a full line of vehicles under the Nissan and INFINITI brands. Its product range includes sedans, compact cars, SUVs, sports cars, and minivans, catering to various automotive needs. Its headquarters manages operations in four regions which includes Japan-ASEAN, China, Americas, and AMIEO that comprises of Africa, Middle East, India, Europe & Oceania.
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Manufacturer Overview
SSAB, established in Stockholm, Sweden, in 1878 is a manufacturer of steel products used in industries such as Construction and Infrastructure, Automotive and Transportation and Oil and Gas. Their product portfolio includes Steel Pipes and Tubes, Steel Sheets and plates used in fabrication and automotive industries, steel coils used in the manufacturing of electrical appliances, and structural steel used for building construction and infrastructure projects. The company also manufactures fossil-free steel which replaces coal in the iron ore reduction process with hydrogen resulting in removal of the fossil carbon emissions.
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Emerson Electric Co.
Electric Vehicle (EV) Batteries
Manufacturer Overview
Founded in 1890 in Missouri, Emerson Electric Co., is a technology and engineering company that provides various solutions for customers in industrial, commercial, and consumer markets globally. Business segments include automation solutions, AspenTech, and commercial & residential solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. The AspenTech segment provides asset optimization software for enhancing performance through a combination of modeling, simulation, and optimization capabilities. The Commercial & Residential Solutions segment offers residential and commercial HVAC products, system protector and flow control devices, and IoT thermostats.
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Saint-Gobain Tape Solutions
Electric Vehicle Battery Applications
Manufacturer Overview
Saint-Gobain Tape Solutions, established in 1963, is a manufacturer of tapes, including adhesive, bonding, gaskets, and spacer tapes targeting the automotive, energy, building & construction, industrial, and electrical markets. Saint-Gobain Tape Solutions offer custom solutions, with 139 projects opened in the last twelve months and three new projects each week. The company in Bengaluru, Karnataka, India, has gasketing foams that eliminate the sticky problems that come with sealants, elastomeric foam tapes are also available with or without adhesive.
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LG Energy Solution
automotive batteries
Company Overview
LG Energy Solution, founded in 2020 in Seoul, South Korea is a manufacturer of Lithium-ion batteries. The Company’s product portfolio includes Automotive Battery for electric vehicles, Mobility and IT Battery targeting IT and LEV markets and ESS Battery for grids, UPS and residential cells. These products are used in electric vehicles and ships, drones and battery powered spacesuits. The Company is ISO 9001:2015 and IATF 16949:2016 certified and delivers products and solutions in tandem with customers’ expectations.
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EDF Group
EV: Batteries
Company Overview
EDF Group is a supplier of gas and electricity for homes and businesses, founded in 2003 and headquartered in London, England. The company specializes in zero/low carbon electricity, nuclear generation, and energy efficiency and sustainability. It provides insulation, boiler covers, solar panels and batteries, smart meters, and electric cars. It also provides air conditioning units and energy tarrifs for businesses. The company operates under the ISO 9001 standards, and according to industry regulations and customer requirements.
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Electric Vehicle (EV) Battery Manufacturer Ranking
*Including some distributors, etc.Ranking as of December 2023 in United States of America
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | SK on Co., Ltd. |
33.3%
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| 2 | JBC Technologies, Inc. |
33.3%
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| 3 | SSAB |
33.3%
|
Ranking as of December 2023 Globally
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | SK on Co., Ltd. |
33.3%
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| 2 | JBC Technologies, Inc. |
33.3%
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| 3 | SSAB |
33.3%
|
Derivation Method
The ranking is calculated based on the click share within the electric vehicle (ev) battery page as of December 2023. Click share is defined as the total number of clicks for all companies during the period divided by the number of clicks for each company.Number of Employees
- Nissan Motor Co., Ltd.: 134,111
- LG Energy Solution: 34,177
- SSAB: 14,000
Newly Established Company
- SK on Co., Ltd.: 2021 (2 years ago)
- LG Energy Solution: 2020 (3 years ago)
- CATL: 2011 (12 years ago)
Company with a History
- SSAB: 1878 (145 years ago)
- BYD Company Ltd.: 1995 (28 years ago)
- CATL: 2011 (12 years ago)
