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Lithium ion batteries - main manufacturers in Q1 2018

Global market share of lithium ion battery makers in the 1st quarter of 2018

by I. Wagner, last edited Aug 22, 2019
Lithium ion batteries - main manufacturers in Q1 2018 Panasonic Sanyo was the leading lithium-ion battery maker in the first quarter of 2018 with a market share of just over 21 percent. Lithium demand for batteries came to almost 78,000 metric tons of lithium carbonate equivalent in 2016, up from about 29,000 metric tons in 2010.

New entrants from China increase competition

CATL (Contemporary Amperex Technology Co. Limited) is among Panasonic Sanyo’s stiffest rivals. The Chinese company has already announced plans to ramp up its LIB production to 100 gigawatt hours or more.

Electric cars are a major factor

   In light of tightening environmental regulations, global sales of hybrid and plug-in electric vehicles are predicted to account for almost 50 percent of worldwide vehicle sales by 2030. As a result, large-scale electric vehicle production will likely drive lithium demand in the near and medium term. That said, many automakers and battery manufacturers have begun to intensify their research on alternative technologies that do not rely on lithium but other commodities instead. However, it is not very probable that such products will reach market commercialization in the next five years.
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Global market share of lithium ion battery makers in the 1st quarter of 2018

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