Cars litium ion battery companies

Published on March 14th, 2012 | by Zachary Shahan


Lithium-Ion Battery Market to Grow 700% by 2017, New Report Finds

March 14th, 2012 by  

litium ion battery companies

Pike Research has just come out with a new market research report, “Electric Vehicle Batteries.” The report, which ranks what it thinks are the top 10 Lithium-ion battery companies, finds that market revenue for Lithium-ion (Li-ion) batteries for transportation (EVs and plug-in hybrid electric vehicles) “will grow over 700%, from $2.0 billion annually in 2011 to greater than $14.6 billion by 2017.” The installed cost of Li-ion batteries is projected to drop by one third in that time.

“The market for Li-ion batteries will be driven primarily by plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), which require much larger battery packs than hybrids,” says research director John Gartner. “Battery chemistries that prioritize energy capacity over power density can satisfy both the PHEV and EV battery segments, enabling vendors to offer products to multiple vendors for multiple models. Reducing the installed price of EV batteries to $523 per kilowatt hour in 2017 will be a critical step towards making PEVs cost-competitive with petroleum-powered vehicles.”

One key factor bringing down the price of these batteries will be significant growth in their production and use, and the scaling benefits of that.

Pike Resarch’s 36-page report also focuses on government’s important role in getting the cost of Li-ion batteries down and expanding the EV and PHEV markets.

Here’s a little more, from the report abstract, including what Pike Research sees as the top 10 Li-ion companies:

The Li-ion automotive market is currently led by Japanese and Korean companies that originally produced cells for the consumer electronics and computing markets. These veteran companies are being challenged by companies mostly from China and North America that are slowly gaining customers, mostly in their domestic markets. The Li-ion automotive market is entering a mature phase that will see some smaller companies fail or be acquired due to an inability to reach volume production. The market will likely see volatility during 2012 as some supplier agreements change hands.

This Pike Research report evaluates 10 of the leading electric vehicle battery manufacturers and rates them on 10 criteria for strategy and execution, including vision, go-to-market strategy, partners, product strategy and roadmap, geographic reach, market share, sales and marketing, product quality and reliability, product portfolio, and staying power. Using Pike Research’s proprietary Pike Pulse methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the emerging electric vehicle battery marketplace.

Top 10 Vendors:

  • 1. LG Chem
  • 2. Johnson Controls
  • 3. GS Yuasa
  • 4. AESC
  • 5. A123 Systems
  • 6. Panasonic Group
  • 7. SB LiMotive
  • 8. Hitachi Vehicle Energy
  • 9. BYD
  • 10. Electrovaya

Sources: PR Newswire & Global information, Inc.

Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

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About the Author

is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.

  • Brian Wark

    Didn’t Envia just announce a car Lithium Ion battery at $150.00/kWhr. at the same weight density. I guess this study like most in the renewable energy sector are always way behind the curve.

    • Bob_Wallace

      Envia has announced that they have a lithium battery that holds 3x the power as current EV batteries. The increased capacity is due to a new cathode technology they have developed.

      Their claim seems to have been confirmed by an independent testing laboratory.

      They claim that their battery can be manufactured for $125/watt.

      We should know fairly soon. Envia does not intend to become a battery manufacturer but to license their technology to existing manufacturers. That means no delay while factories are built.

      And a minimum of 1,000 cycles. In a 200 mile range EV those would be 200,000 mile batteries. And would still have 160 mile range after 200k miles. Would make them valuable for grid storage.

      Pike seems to always be a bit behind the curve and seems to have a fossil fuel bias.

    • Yep, shit seems to be happening too fast for these people to keep up.

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