Top 10 Lithium-Ion Battery Manufacturers In 2022

It is said that electricity is one of the three most important inventions of humankind. The other two are fire and wheel. Now that is better than electricity that powers our civilization? It is the electricity that can move. And, that’s where lithium-ion batteries come in.

Once we learned how to make a power cell that can produce electricity, we have not looked back. With time, the torch has been handed from one technology to a better one. Right now, it lies with lithium-ion batteries. These batteries are used worldwide in numerous electronic devices due to their superior advantage.

Who makes this enormous number of lithium-ion batteries? That is what I’ll tell you. In this post, we will go through the top 10 lithium-ion battery manufacturers.

Top 10 Lithium-Ion Battery Manufacturers

How Lithium-Ion Batteries Changed The World

Lithium-ion batteries have fundamentally changed the way we used electric devices. They have altered the way we communicate or work. You will find these batteries from the back of your laptop to powering electric vehicles. Not to mention the giant leap in smartphone technology owes a big thanks to these power cells.

The main reason these batteries are used everywhere is that they have higher energy density, stability and can be charged hundreds of times. Their voltage discharge rate is also very slow compared to their predecessors. Also, manufacturers can make them in any size and all internal components are very light in weight.

Another thing I must mention is that they are very low maintenance. You will have almost zero maintenance duty to your lithium-ion battery.

Lithium-Ion Battery Buying Guide

Here’re the things you should check before buying any Lithium-Ion Battery.

Dimension

Dimension depends on the equipment you will use the battery on. For example, watches run on a thin circular lithium-ion battery. On the other hand, toys run on an AA or AAA-sized battery. So, you will have to choose a battery that fits the dimension.

Voltage

These batteries come in different voltages. They range from 1.5 volts to 220 volts. It depends on your application. If you want to power something big you will definitely need more than a 24-volt battery. Most household items run on less than 12-volt batteries.

Ampere

Ampere is the unit of the flow of electricity. This requirement also depends on the equipment you want to run.

Capacity

Capacity is how much charge a battery can hold. In this case, the bigger the better. Batteries with large capacity will require recharging or changing less often. But as the capacity grows so does the size of the battery.

Recharge-ability

Recharge batteries will save you money in the long run. Although they are much more expensive than one-time batteries. In my opinion, it is better to have a rechargeable battery than going to the store and buying one every time it runs out of juice.

Top 10 Lithium-Ion Battery Manufacturers

Let’s take a look at the largest battery manufacturers in the world. Most of the lithium-ion battery manufacturers’ market share is owned by these companies.

1. Tesla

Founder Elon Musk, Martin Eberhard, JB Straubel, Marc Tarpenning, Ian Wright
Founded2003
HeadquarterUSA
IndustryEV, household item

Tesla is one of the top 10 lithium-ion battery manufacturers in the world in 2021. If Tesla should be known for anything other than their car, it is their high-performing lithium-ion batteries. Not only do they design and sell electric vehicles but also, they produce batteries for them.

Currently, Tesla uses NCA chemistry to make their power cell. NCA stands for nickel cobalt aluminum. By 2030 they have planned to produce 3 terawatt hour battery. Which is more than 50 times increase in today’s available supply. It could be another game-changer if they manage to pull it off.

Also Read: Who Makes Batteries For Electric Cars?

2. Samsung SDI

FounderSamsung Electronics group
Founded1970
HeadquarterS.Korea
IndustrySmartphone, EV, household

Energy solutions would not be the first thing on most people’s minds when they hear the word Samsung. Although they are world-famous for the sleek smartphones they make, Samsung also has a large footprint on the lithium-ion battery market as Samsung SDI is one of the top lithium battery companies.

The lithium-ion battery they make are not only used in millions of smartphones but also in electric vehicles. BMW is one of many other car companies that use batteries produced by Samsung on a few of their EV models.

3. LG

FounderLG Corp
Founded1947
HeadquarterSouth Korea
IndustryEV, Smartphone

Besides making electric products that have excellent quality, LG is also known for the quality of its lithium-ion battery. Most of their power cell is produced as RESU or Residential Energy Storage Unit. These are some large-caliber batteries that can power an entire household.

LG charges more than eight thousand dollars for large 10 kWh units. The 13kWh units would cost more than ten thousand dollars.

4. CATL

FounderZeng Yuqun, Robin Zeng
Founded2011
HeadquarterChina
IndustryEV, industrial machinery

Considering how the Chinese economy has been performing for the last 20 years, it is no wonder has a large footprint on the energy industry. CATL is considered to be a Chinese state-owned company. The term CATL stands for Contemporary Amperex Technology.

CATL is Tesla’s battery supplier. Recently they have to build a factory in Germany that will that producing 14-gigawatt hour batteries. CATL built its reputation with cheap and reliable batteries.

5. Johnson Controls

FounderWarren S. Johnson
Founded1885
HeadquarterIreland
IndustryIndustrial machinery, smartphones, EVs, household

Johnson Controls has been the world’s leading battery manufacturers for a long time. This company has been in the battery business since 1887. Although they still make lithium-ion batteries, they have sold their automotive battery business to Brookfield Business Partners.

Before selling their automotive portion, they have made batteries and battery systems for vehicles such as Ford Fusion. Batteries made by Johnson Controls have a great reputation for being extremely safe.

6. BYD

FounderWand Chuanfu
Founded1995
HeadquarterChina
IndustryHousehold, machinery, EV

BYD is another Chinese company that has been growing rapidly in the energy sector. BYD makes lithium-ion power cells for commercial vehicles, passenger vehicles, and energy storage systems. It would be understated to say they don’t have a large footprint in consumer-grade electronics like smartphones.

The noteworthy character of batteries made by BYD is they last very long. They back their product by industry-standard 10 years of warranty. It is based on two factors, energy throughput, and remaining capacity.

7. Panasonic

FounderKonosuke Matshushita
Founded1918
HeadquarterJapan
IndustryEV, smartphone, household, machinery

Panasonic is one of the largest suppliers of batteries to Tesla. Recently they have unveiled power cells are contains less than 5% cobalt and are extremely efficient. Panasonic and Toyota will work together to meet the battery demand.

For common uses, Panasonic Everyday Power batteries are well for longevity. They are dependable and reliable power sources with great value for money.

8. Loom solar

FounderAmod Anand
Founded2018
HeadquarterIndia
IndustryRenewable energy

Loom Solar is an emerging Indian company with a huge online presence. Although they are mainly investing in solar technology, they have been working with lithium-ion batteries too.

Their batteries are very cost-efficient and reliable. Unlike other companies on the list, their main focus is consumer-oriented. They offer inverter batteries at a very cheap price.

9. Toshiba

FounderTanaka Hisashige, Ichisuke Fujioka
Founded1875
HeadquarterJapan
IndustryHousehold, EV, machinery

Toshiba makes their battery in a plant situated in kashiwazaki, Japan. These batteries are high-performing, rechargeable, and safe. Their solution is very safe to use on daily electric devices.

The best thing about this battery is that they have minimal capacity degradation. Even after 10000 or more discharges, you will see the minimal effect.

10. eCobalt Solutions

FoundereCobalt Solutions Inc.
Founded1988
HeadquarterCanada
IndustryMineral exploration

Ecobalt mainly operates as mine development and mineral exploration company. Their headquarter is situated in Vancouver, Canada. As they extract themselves it is very convenient for them to make batteries themselves. It solves most problems caused by the long supply chain.

Also Read: Top 10 Car Battery Brands Explained In 2022

Frequently Asked Questions (FAQs)

Who makes the best lithium-ion battery?

There are several companies on the list. Tesla, Samsung, BYD would be the top few of them.

Where does Tesla get its lithium?

Tesla gets lithium from China’s GanFeng Lithium.

Who is the largest manufacturer of lithium batteries?

LG chem was the largest manufacturer of Lithium-ion batteries in 2020.

What will replace lithium?

There has been speculation about using sodium-ion replacing lithium.

Is lithium a rare metal?

Lithium is a comparatively rare metal.

Bottom Line

who is the largest producer of lithium batteries? There are several. More and more companies are turning into the battery business as the future looks promising. There have not been more interesting times when it comes to energy-packed in small batteries.

Among the top 10 lithium-ion battery manufacturers some companies like LG, Samsung on the list are invested in other ventures as well. On the other hand, companies like BYD are only focused on the battery segment.

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