Samsung SDI and LG Chem are near the top of the lithium-ion battery industry with regard to business strategy and execution, according to a new report from Navigant Research.
The report — titled Navigant Research Leaderboard Report: Li-Ion Grid Storage — explores the business practices, strengths, and weaknesses of 15 of the top lithium-ion battery manufacturers in the world. Factors analyzed include: sales, marketing, “vision,” go-to-market strategy, partnerships, production strategy, technology, geographic reach, distribution networks, product performance, product quality + reliability, product portfolio, pricing, and staying power.
As lithium-ion battery technologies have continued to improve over recent years (pricing, efficiency, density, etc), they have emerged as leaders in the energy storage marketplace. Given the fast rate of growth and change, the future is perhaps a bit difficult to predict — hence the value of in-depth analyses.
Samsng SDI lithium-ion batteries at a Younicos facility in Berlin, Germany.
“LG Chem and Samsung SDI, both based in South Korea, have market-leading businesses for the electric vehicle (EV) and consumer electronics markets, which has created a foundation allowing for economies of scale through manufacturing,” stated Anissa Dehamna, principle research analyst with Navigant Research. “Both companies have positioned themselves as global manufacturers and can offer consistently low prices for quality Li-ion cells.”
Despite the apparent dominance of the list by large firms, the report alludes to the fact that niches certainly appear to be there that could be filled by more-specialized companies. After all, the requirements of different energy storage applications can likely be met better by the use of specialized products.
Images by Navigant Research and Zachary Shahan | EV Obsession | CleanTechnica (CC BY-SA 4.0)
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
