#1 cleantech news, reviews, & analysis site in the world. Subscribe today. The future is now.


Batteries

Published on December 1st, 2015 | by James Ayre

9

LG Chem #1 EV Battery Manufacturer In New Navigant Research Ranking

December 1st, 2015 by  


BYD and AESC have certain advantages in the EV battery realm, but Panasonic, Samsung SDI, and LG Chem are widely regarded as the leaders in this realm. A new report from Navigant Research puts LG Chem at the top. Will we get as much slack from Panasonic & Tesla lovers as we did when Lux Research argued that LG Chem could surpass Panasonic at the top, and when LG Chem itself claimed it was #1. Also, note that Navigant Research previously ranked LG Chem & Samsung SDI closer together, and had Panasonic much further down… meanwhile, Panasonic has actually been the largest producer of EV batteries. Anyhow, for more on the new report, check out the EV Obsession article republished below.Zach Shahan


Navigant Research Names LG Chem As Top Automotive Lithium-Ion Battery Company

LG Chem has been named by the most recent Navigant Research Leaderboard report on automotive lithium-ion battery companies as the top company in the market.

The report — which ranks companies based on strategy and execution — saw the top position, held by LG Chem, followed by positions held by Panasonic and Samsung SDI. All three hold a clear lead above other players in the market.

LG Chem top EV battery manufacturer Panasonic Samsung SDI

The report also features a second category full of “Contenders” — which is to say, companies that are well placed for future moves owing to staying power in the market and large financial reserves. This secondary list includes: BYD, AESC, A123, and Johnson Controls.

There’s a third category as well — “Challengers” — which features Lithium Energy Japan this year.

Green Car Congress provides more:

Navigant projects the global market for Li-ion batteries for HEVs and PEVs will grow at a 2015-2020 compound annual growth rate (CAGR) of 31.9% in terms of energy capacity to 61.3 GWh. The majority (72%) of demand for Li-ion electric vehicle (EV) batteries will come from battery electric vehicles (BEVs) due to the larger battery packs typical of those vehicle types.

Navigant Research anticipates the emergence of two separate BEV market segments over the next 5 years: One segment focused on the premium vehicle sector with large energy capacity and longer-range battery packs; A second segment with lower capacity, shorter range, and a lower-cost class of battery packs.

The companies evaluated were subjected to a 12-point base of criteria that included: “vision; go-to market strategy; partners; production strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power.”





Tags: , , , , , , , ,


About the Author

's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.



  • dRanger

    “…CAGR of 31.9%”. I love it when someone makes a prediction with a decimal point. “It’s not a 31.8% predicted growth mind you, but a full 31.9%. Our methods are so precise that we wouldn’t even CONSIDER rounding this to 32”. Ha!

    • dRanger

      This kind of thing only works because 50.0% of all humans have below-average intelligence.

      • TedKidd

        I thought that number was 95%….?

        😉

        • dRanger

          No…but it certainly seems that way sometimes.

    • Matt

      LOL, they were going to say 31.876993% . So few people even in science fields think about digits of accuracy. And any true prediction should have a range. So yes 32% +/- (2%) or 32% with a SD of ??. They enter they guesses and then used a calculator to calculate CAGR.

      • dRanger

        I would bet a great deal that they don’t have sufficient knowledge to provide a standard deviation. So either they are painfully unaware of significant digits or they are trying to BS us. Neither of those options inspires me to confidence in anything they have to say.

  • Jamset

    Are LiFePO4 cells viable in EVs that never go faster than 80km/h?

    Such as tractors, pushback tractors at airports, cranes, urban buses.

    • vensonata

      Check out Balqon, they make heavy duty electric trucks, even cement trucks using lifepo4. The Tesla model s batteries are not lifepo4, and they do have their reasons. I think it is so they can release a high flood of energy. However the cycle life of their chemistry is only around 1200-1500 (it will still give you a 400,000 mile life). That is less than lifepo4 and also only a quarter of the 7 Kwh Powerwall battery ( lithium nickel manganese cobalt). The high cycle life of the Powerwall is more important than huge bursts of energy, although it can deliver 100% for peak demands (in other words, up to 7 kw from a 7 Kwh battery).

      • Jamset

        I know the Model S is meant to have insane acceleration and its batteries need high energy density.

Back to Top ↑