Top 15 Li-ion Battery Companies in 2024


Lithium-ion (Li-ion) batteries are essential to renewable energy and portable electronic gadgets. As we move toward a sustainable future, the demand for lithium battery companies is increasing and growing rapidly. These lithium batteries power gadgets like laptops, mobiles, electric vehicles, energy storage systems, and other applications. So, in this blog post, we will explore the top 15 lithium battery companies, including their working technology, production process, types of lithium batteries, and contribution to the industry.

Here is a list of the top lithium battery companies working hard to produce the latest batteries for electric appliances.

1. CATL – Leading the Charge in Innovation


CATAL is a Chinese company that started in 2011 and gained much attention in the industry. Being the number one li-ion battery company CATL produces over 100 GWh annually with its 30,000 employees. The company’s top-selling battery is NCMA (Nicka Cobalt Manganese Acid Lithium). It is best for electric vehicles due to its 95% capacity retention, long-lasting usability, and safety features. The company also makes batteries rather than EVs, such as stationary energy solutions, renewable storage systems, and on-grid storage solutions. CATL commits to being at the top of the list of lithium battery companies.

2. LG Chem – Powering a Greener Future


The second company on the list is South Korean LG Chem, the first company to make lithium batteries in 1999 and successfully installed them in General Motors. Soon, it started to be recognized as the most reliable lithium battery company, supplying its batteries to Volvo, Jaguar, Porsche, Audi, Renault, and Tesla. LG Chem has established production units in China, Poland, South Korea, and the United States. The company’s main purpose is to target the increasing need for Lithium batteries for EVs in these markets.

LG Chem is a company that invests a lot in Research and Development to produce advanced technology batteries. It uses a unique method in manufacturing li-ion batteries, such as sol-gel, high-temperature curing, thermal agents, and a negative temperature coefficient thermistor.

3. Panasonic – A Legacy of Reliability


Panasonic is a Japanese company currently producing lithium-ion battery cells for several applications like electric vehicles (EVs), plug-hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and energy storage systems (ESS). Being one of the world’s largest lithium battery companies, Panasonic uses a unique NCA positive electrode and complex battery Management system.
Tesla, known for electric vehicles, also has a significant partnership with li-ion battery company Panasonic for its electric vehicle (EVs) series, including Model S, Model 3, Model X, and Model Y, and Tesla’s energy storage products of Powerwall and Powerpack through collaboration in Gigafactory Nevada (Gigafactory 1).

4. Tesla Inc. – Revolutionizing Energy Storage


It is an electric vehicle company but also has a reputation as one of the top lithium battery companies. Under the leadership of Elon Musk, the company is revolutionizing energy storage technologies for a sustainable energy future.

Tesla is currently making three top-of-the-line energy storage products other than lithium batteries for electric vehicles. These are powerwalls for residential energy storage, powerpack for commercial and industrial appliances, and megapack suitable for grid-scale projects. Tesla uses NCA (cobalt-nickel-aluminum) and LFP (lithium iron phosphate) technology like many other renowned lithium battery companies to get long-lasting life, fast charging ability, lightweight with higher safety, and high battery density.

5. Samsung SDI – Advancing Battery Technology


A subsidiary of Samsung Groups, Samsung SDI Co. Ltd is a South Korean li-ion battery company established as a key player in the manufacturing of lithium-ion batteries and energy storage solutions. In the last year, the company achieved record-breaking sales due to increasing demands in the automotive battery sector. Now, the company is optimistic to have the same stats by 2024. For this purpose, Samsung SDI is working on the technologies of Samsung battery Box SBB and LFP ( lithium Iron Phosphate) to give tough time to lithium battery companies around the globe.

6. BYD Co Ltd – Pioneering Electric Mobility


BYD Company Limited is a multinational Chinese company headquartered in Shenzhen, China. Founded in 1995. BYD has become one of the world’s largest lithium battery companies and manufacturers of electric vehicles (EVs), rechargeable batteries, and photovoltaic products. BYD is a manufacturer of lithium batteries that are usable for electric vehicles and energy storage systems. It produces LiFePO4 (lithium iron phosphate) batteries best for long life spans, fast charging, and better safety. BYD is a li-ion battery company that provides 2000 charge cycles with a short 30-minute charging time.

7. Ufine Battery – Custom Battery Manufacturer

ufine battery

The Guangdong Ufine New Energy Co., Ltd. (“Ufine Battery” for short) is a Chinese battery manufacture, started in 2008 as a li-ion battery company to make LiFePo4 battery, lithium-ion polymer battery, 18650 battery, and lithium-ion ​​battery. The company has two stations, one in Jiangmen and a second in Shenzhen.

Ufine Battery is known for its customization. It can design batteries of different sizes, voltages, and capacities according to customer needs, and has a small minimum order quantity, making it more flexible than other companies. Their batteries are mainly used in consumer electronic equipment, such as beauty equipment batteries, electronic toy batteries, medical equipment batteries, low-temperature equipment batteries, power tool batteries, etc.

8. SK Innovation – Fueling Sustainable Innovations


It is a South Korean company founded in 1962, establishing its production plants worldwide, especially in Europe. Like the other lithium battery companies, SK tends to bring innovation to battery manufacturing, specifically lithium-ion batteries. Battery Innovation Centre (BIC) is specifically dedicated to collaborating with R&D academic institutes and industry partners. SK currently manufactures lithium batteries for electric vehicles (EVs) and energy storage systems (ESS), which are best for long-lasting and deep cycles.

9. Northvolt – Europe’s Battery Hope


Northvolt is a new lithium-ion battery company founded in 2016 with the target to manufacture top quality batteries by competing with the market’s top lithium battery companies. It manufactures lithium-ion batteries for EVs, electric vehicle batteries, ESS energy storage systems, and commercial appliances. The company has started very well and grown rapidly by giving tough time to its competitors.
The company builds gigafactories for solid-state battery cell production. It aims to provide top-quality batteries in the European religion to reduce the dependence on imported batteries. Therefore, it is known as “Europe’s Battery Hope.”

10. Envision AESC – Powering Up for the Future


AESC was founded in 2007 with the collaboration of Nissan Motors and NEC Corporation. The company has brought many innovations in the manufacturing of lithium-ion batteries to enhance performance, reliability, and safety. Moreover, the company is making innovative changes, such as the Battery Management System (BMS), to monitor battery performance, health, and basic information. It also helps the batteries to gain better optimization and charge and discharge with proper optimization.

11. Sunwoda Electronic Co. – Innovating for Tomorrow


It is a 22-year-old Chinese company working to fulfill the needs for Lithium-ion batteries of the modern day. These are all types of lithium battery companies provide, such as electric vehicles, EVs, hybrid electric vehicles, HEVs, small home appliances, and electronic gadget batteries ( laptops, mobile phones, smart watches, etc.). The company claims to provide high power delivery and long backup, which is the basic requirement of an electric vehicle.

12. Toshiba – Charging Ahead with Innovation


Toshiba is one of the largest lithium battery companies, and it manufactures almost every Li-ion battery. From home appliances to small gadgets, EVs to energy storage systems ESS, Toshiba is making its sales all over the globe. Toshiba is a li-ion battery company that uses SCiB standards in manufacturing batteries. This technology boosts life span, charging time, and safety measures. Toshiba is also on the list of lithium battery companies because it uses a BMS (battery management system) to provide full control over the battery and extract maximum output from it.

13. CALB – A New Force in Energy Storage


CALB was founded in 2007 and started to be recognized as an advanced and top-selling li-ion battery company. The company’s motto is to bring innovation to standard lithium batteries. Therefore, it results in three successful lithium battery types. First is a 400v 2C battery, which goes from 20% to 80% in only 18 minutes. The second 800V 3C/4C battery using middle nickel for high voltage batteries can go from 20% to 80% in just 10 minutes. The third model is 800V, which uses 6V high nickel battery technology specifically for electric vehicles that run longer and charge incredibly super fast.

14. EV Energy


The primary focus of EVs is to target consumer battery needs. The company makes lithium storage batteries for various appliances. LF560K is one of the innovative products in demand and will be produced more by partnership with Powin and American Battery Solutions. This EV is now solidifying itself as a key player in lithium battery companies and expanding the energy storage market.

15. Lishen Battery


The last on the list of top 15 lithium battery companies is Lishen, which took its start in 1997. Power batteries, battery materials, and energy storage batteries are the products of this li-ion battery company. The company has an R&D research and development team that utilizes the latest technology in its products.



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