Need help with using Statista for your research? Tutorials and first steps The largest lithium-ion battery companies worldwide were located in the Asian continent. China, South Korea, and Japan led the ranking in 2023.
The Chinese company BYD ranked second with a market share of 15.8 percent, followed by South Korean LG Energy Solution with a market share of 13.6 percent. CATL (Contemporary Amperex Technology Co. Limited) was the largest battery manufacturer, having overtaken its main Chinese, South Korean, and Japanese competitors.
CATL has several battery production bases in China, Germany, and Hungary. Considering the tightening environmental regulations, global sales of battery-electric vehicles increased 10-fold between 2017 and 2022. As a result, large-scale electric vehicle production drove a lithium-ion battery demand up to around eight terawatt-hours.
Saft offers batteries for industrial use, automotive applications, electric buses, and energy storage systems, and provides customized solutions for aerospace, defense, and medical industries. Founded in 1994, BMZ Group is a battery manufacturer with over 30 years of experience, with multiple facilities and branches globally.
Founded in 1994, BMZ Group is a battery manufacturer with over 30 years of experience, with multiple facilities and branches globally. BMZ specializes in mass-producing custom lithium batteries, such as cylindrical, pouch like lithium-ion and solid-state, and prismatic batteries, adaptable to specific energy storage and transmission needs.
As global demand for sustainable energy solutions grows, Europe’s battery manufacturing industry is undergoing unprecedented development. From the automotive industry to home energy storage systems, the demand for high-performance batteries continues to rise, driving technological advancements and fostering a host of innovative companies.
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The largest lithium-ion battery companies worldwide were located in the Asian continent. China, South Korea, and Japan led the ranking in 2023.
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