The lithium battery industry is experiencing rapid growth. Driven by the new energy vehicle and photovoltaic energy storage markets, the power energy storage lithium battery market will lead the lithium battery industry to a new level and achieve leapfrog development. The China Lithium Battery Enterprise Ranking Comprehensive Strength Analysis Report will evaluate the overall strength of leading companies in the domestic lithium battery production enterprise ranking, identify key companies, establish industry benchmarks, and promote the industry’s healthy development. The following are the top lithium battery manufacturers in China:
Contemporary Amperex Technology Co., Ltd.（CATL）
Reasons for being on the list: CATL continues to output technological innovation, has a broad customer base at home and abroad, and has global leading competitiveness.
Since 2017, the company’s global power battery market share has been ranked first. In the first three quarters of 2023, domestic installations accounted for 42.8%, and overseas installations accounted for more than 25%. Among customers, the company is the primary supplier to Tesla, SAIC, Geely, Ideal, Weilai, and Ceres. Overseas Volkswagen, BMW, Daimler, PSA, etc., are accelerating their volume growth. It is the main supporting enterprise for domestic passenger car exports, accounting for more than 60%.
In terms of technology, in 2023, the company’s sodium batteries, M3P, and 4C Kirin will achieve mass production and installation; 4C LFP will sign contracts with Nezha, Chery, and BAIC; and a 500Wh/kg condensed state will be developed in cooperation with civil manned aircraft. With the superposition of scale effects and the advantages of the industrial chain’s overall layout, the company continues to maintain its global leadership.
However, it should also be noted that competition in the power battery industry is becoming increasingly fierce, competition among first- and second-tier battery companies is fierce, and the geopolitical risks in Europe and the United States are increasing, which will be a certain test for the company’s subsequent market development and market share consolidation.
BYD Company Limited.
Reasons for being on the list: Since the release of blade batteries, Fudi Battery’s shipments have achieved a huge leap, and with its cost and safety advantages, its global installed capacity ranks second.
The company’s own-brand vehicles have surged, driving its installed power battery capacity to continue rising. Entering the Tesla supply system demonstrates the technical strength of blade batteries and accelerates the expansion of its external supply scale, which is expected to drive further market share gains. In addition, the company’s all-round layout in the new energy vehicle sector spans lithium mineral resources, upstream materials, battery cells, battery packs, and complete supply chains, including motors, electronic controls, and IGBTs, which collectively drive the development of the power battery business.
However, “it’s good to lean on a big tree to enjoy the shade” also suggests that the company’s publicity on battery business research and development innovation is insufficient. Since the launch of blade and CTB technologies, few new technologies have been released to the public. In the future, increasing innovation in technical materials and publicity may help the company’s external development.
CALB Group Co., Ltd.
Reason for being on the list: With the development of GAC Aion, Zhongxin Aviation’s installed power battery capacity has increased exponentially, covering Xiaopeng’s full range of models.
Since the major asset reorganization in 2019, Zhongxin Aviation has made major adjustments to its strategy, products and customers, strategically turning to ternary lithium and passenger cars, focusing on high-voltage ternary products, and opening up the market with GAC Aion and Changan as customers, and then signing fixed-point agreements with Wuling Hongguang, Geometry, GAC Toyota, GAC Honda, and Smart, and further becoming the largest battery supplier for Xiaopeng Motors this year.
In addition, the company focuses on ultra-high-rate batteries, supports the entire Haobo SSR model series, enters the luxury smart electric vehicle market, builds a full-circle industrial layout, and gradually optimizes its customer structure. Future development is worth looking forward to.
EVE Energy Co., Ltd.
Reason for the list: Yiwei Lithium Energy drives high expectations for power battery growth with square iron-lithium and ternary large cylinders.
In the first half of 2023, the company’s installed power battery capacity ranked eighth worldwide, with a growth rate that led the industry. In the domestic market, the company focuses on square iron-lithium products and has become a core supplier of Xiaopeng, GAC Aion, Nezha, and other companies; in the overseas market, the company has accelerated the development and mass production of 46 large cylinders.
At present, the 46 series of large cylinders has received a total of about 472.31 GWh in orders for the next five years. It is expected to complete the construction of 20 GWh of production capacity within the year. It plans to add more than 50 GWh of production capacity in Shenyang, Chengdu, Hungary, and other locations. In terms of customer development, the company’s subsidiary, Yiwei Power, received an order for a 12V lithium battery system from General Motors and signed a memorandum of understanding with Rimac in Europe. In addition, Yiwei USA, a subsidiary of the company, plans to establish an overseas joint venture in the United States with Electrified Power, Daimler Truck, and PACCAR.
The company has made steady progress in the power battery sector, and its market share has gradually increased. In addition, it covers the full range of lithium batteries across the consumer and energy storage sectors, and its industry strength should not be underestimated.
Gotion High-tech Co., Ltd.
Reasons for being on the list: As a former leading domestic lithium iron phosphate battery company, Guoxuan High-tech has benefited substantially from the industry’s growth over the past two years.
Especially since its acquisition by Volkswagen. Its overseas layout has been quite advanced. With strong shareholder support, its product brand and technical strength have also improved significantly compared with before. Especially when the US IRA Act increases restrictions on Chinese power battery companies, Guoxuan High-tech may benefit from the background of its foreign controlling shareholder and seize the development opportunities in the European and American markets.
Svolt Energy Technology Co., Ltd
Reasons for being on the list: As a power battery company born out of an automobile company, Honeycomb Energy understands automobiles better than other competing companies.
In the early days, it relied on Great Wall Motors to scale up, and later on, led high-speed stacking technology and advanced battery materials to strengthen its products. In recent years, Honeycomb Energy has developed a large number of customers beyond Great Wall Motors and has worked hard to expand its network. Recently, it has been rumored that it has won a large order from BMW, and has achieved remarkable results in de-Great Wallization. In terms of brand promotion, Honeycomb Energy is second, and no one dares to say it is first. It has pioneered numerous new concepts and terms in the industry. Once it successfully enters the capital market, Honeycomb Energy’s competitiveness will be further enhanced by its strong financing platform and shareholder background.
Sunwoda Mobility Energy Technology Co., Ltd.
Reason for the list: As a company that has been working in the field of lithium-ion batteries for a long time, Xinwangda has nearly 30 years of experience in lithium-ion battery production and manufacturing.
Relying on extensive industry experience, Xinwangda has grown rapidly in the power battery sector. While focusing on square batteries, it has also laid out large cylinders, covering the two major application markets of BEV and PHEV/EREV power and energy storage. It is actively laying out in areas such as electric ships. Once the company’s power battery business is successfully spun off and listed, its financing capabilities will be greatly enhanced, thereby helping the company’s competitiveness improve rapidly.
Jiangsu Zenergy Battery Technologies Co., Ltd
Reason for being on the list: With Tafel’s team and technology, and the strong industrial capital behind Zhengli, Zhengli New Energy has achieved rapid development since acquiring Tafel.
Given its close relationship with Fuyao Glass, it will have more advantages in developing downstream car customers. It can be expected that, with comprehensive technical strength and rich, diversified customer demand, Zhengli New Energy will have broader development space.
REPT BATTERO Energy Co., Ltd.
Reasons for being on the list: In the industrial chain, Ruipu Lanjun is backed by Tsingshan Group.
Relying on the resources and layout advantages of Tsingshan Group, it has a layout across composite materials, semi-solid, lithium iron manganese phosphate, and sodium-ion batteries. Leveraging its significant supply chain advantages, the company’s products are highly cost-competitive and have made it the second- or third-largest supplier to many automakers. It has also launched the “Wending” battery to compete with CATL’s Kirin battery, especially with the recent completion of its
Do-Fluoride New Energy Technology Co., Ltd.
Reasons for being on the list: As a leading company in the global fluorine materials industry, Do-Fluoride has established a full industrial chain in the new energy vehicle industry.
Among them, the power battery business was established in 2010. Relying on its absolute advantage in the upstream lithium hexafluorophosphate field, Do-Fluoride New Energy has also formed a clear advantage in the power battery field. The lithium battery solutions across various technical routes are superimposed on the first-mover advantage in the sodium-ion battery field. The company’s competitiveness in power batteries cannot be underestimated.
After exploring the outstanding performance and market strategies of major Chinese power battery companies, we cannot ignore the contributions of other outstanding lithium battery manufacturers.
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