Top Electric Vehicles (EV) Battery Companies

Government initiatives worldwide are significantly driving the growth of the global electric vehicle (EV) battery market. Many countries are offering subsidies, tax exemptions, and purchase incentives to make EVs more affordable for consumers. At the same time, stringent emission regulations and carbon reduction targets are pressuring automakers to electrify their fleets. For example, regions like the EU and China are enforcing zero-emission vehicle mandates, while the U.S. is expanding EV tax credits. These combined efforts create a strong cause-and-effect chain, where policy support directly boosts EV adoption, consequently fueling large-scale demand for advanced battery technologies.

Industry Overview

According to SkyQuest Technology “Global Electric Vehicle Battery Market” By Battery Type (Lead-Acid, Lithium-Ion) By Propulsion (BEV, PHEV), By Form, By Region - Industry Forecast 2025-2032,” global electric vehicle battery market is projected to grow at a CAGR of over 11.4% by 2032, on account of urgent need for automating quantified data. Technological innovation in battery design and chemistry is a crucial factor accelerating market expansion. Progress in lithium-ion, solid-state, and lithium iron phosphate (LFP) batteries has significantly improved energy density, charging speed, and lifecycle performance.

Top 10 Global Electric Vehicle Battery Companies

1. Contemporary Amperex Technology Co., Ltd. (CATL)

Contemporary Amperex Technology Co., Ltd. (CATL) is a global leader in lithium-ion battery development and manufacturing, driving innovation in electric mobility and energy storage solutions. Founded in 2011 and headquartered in Ningde, China, CATL supplies high-performance batteries to major automakers including Tesla, BMW, and Volkswagen. The company’s expertise spans EV batteries, energy storage systems, and battery recycling, with a strong focus on sustainability and circular energy solutions. CATL continues to pioneer advancements in solid-state and sodium-ion battery technologies, reinforcing its position at the forefront of the global clean energy transition.

2. LG Energy Solution Ltd.

LG Energy Solution Ltd. is a global leader in advanced lithium-ion battery technology, powering the transition to electric mobility and renewable energy. Established in 2020 as a spin-off from LG Chem and headquartered in Seoul, South Korea, the company serves leading automakers such as General Motors, Hyundai, and Stellantis. Its diverse portfolio includes EV batteries, energy storage systems, and small battery solutions for consumer electronics. LG Energy Solution emphasizes sustainability through battery recycling initiatives and next-generation solid-state research, positioning itself as a key innovator in the global clean energy ecosystem.

3. BYD Company Ltd.

BYD Company Ltd. is a global pioneer in electric vehicles, renewable energy, and battery technologies, driving innovation toward a sustainable future. Founded in 1995 and headquartered in Shenzhen, China, BYD began as a battery manufacturer and has evolved into one of the world’s largest producers of electric cars, buses, and trucks. Its operations span EV production, rechargeable batteries, solar energy solutions, and monorail systems. With its proprietary Blade Battery technology and integrated energy ecosystem, BYD continues to lead the global shift toward zero-emission transportation and clean energy solutions.

4. Samsung SDI Co., Ltd.

Samsung SDI Co., Ltd. is a global leader in advanced energy solutions, specializing in lithium-ion batteries and electronic materials that power the future of mobility and sustainability. Founded in 1970 and headquartered in Yongin, South Korea, the company develops high-performance batteries for electric vehicles, energy storage systems, and consumer electronics. Samsung SDI is at the forefront of innovation in solid-state battery technology, focusing on enhanced safety, higher energy density, and faster charging capabilities. Through continuous R&D and strategic partnerships, it plays a vital role in accelerating global clean energy adoption.

5. Electrovaya Inc.

Electrovaya Inc. is a Canadian leader in advanced lithium-ion battery systems and sustainable energy solutions, driving innovation in electric mobility and industrial applications. Founded in 1996 and headquartered in Mississauga, Ontario, the company specializes in EV batteries, energy storage systems, and battery management technologies for buses, industrial vehicles, and commercial applications. Electrovaya emphasizes environmentally friendly designs, long-lasting performance, and scalable energy solutions. With a focus on research and development, the company continues to expand its presence in global clean energy markets, supporting the transition to zero-emission transportation and reliable renewable energy storage.

6. Panasonic Holdings Corporation

Panasonic Holdings Corporation is a global leader in electronics and energy solutions, driving innovation in consumer products, industrial systems, and electric mobility. Founded in 1918 and headquartered in Kadoma, Osaka, Japan, the company provides lithium-ion batteries for electric vehicles, energy storage systems, and a wide range of consumer electronics. Panasonic is renowned for its high-quality EV batteries, including collaborations with major automakers like Tesla. With a strong focus on sustainability, research, and technological advancement, Panasonic continues to shape the global clean energy and mobility landscape, supporting the transition to a low-carbon, electrified future.

7. AESC (Automotive Energy Supply Corporation)

AESC (Automotive Energy Supply Corporation) is a global leader in lithium-ion battery solutions for electric vehicles, dedicated to advancing sustainable mobility. Founded in 2007 and headquartered in Yokohama, Kanagawa, Japan, AESC specializes in the design, production, and integration of high-performance EV batteries and battery modules. The company serves major automakers, providing reliable, efficient, and long-lasting energy solutions. With a strong focus on research, innovation, and battery recycling, AESC continues to enhance energy density and safety, playing a pivotal role in accelerating the adoption of electric vehicles and supporting the global transition to clean, low-emission transportation.

8. QuantumScape Corporation

QuantumScape Corporation is a pioneering leader in solid-state battery technology, driving the next generation of electric vehicle energy solutions. Founded in 2010 and headquartered in San Jose, California, USA, the company focuses on developing high-energy-density, fast-charging, and long-lasting batteries for electric vehicles. QuantumScape’s innovative solid-state designs aim to overcome the limitations of conventional lithium-ion batteries, enhancing safety and performance. Through extensive research, testing, and partnerships with major automakers, the company is shaping the future of electrified transportation and supporting the global transition toward sustainable, zero-emission mobility solutions.

9. SK Innovation (parent of SK On)

SK Innovation, through its subsidiary SK On, is a leading global provider of lithium-ion batteries and energy solutions for electric vehicles and renewable energy systems. Founded in 2007 and headquartered in Seoul, South Korea, the company specializes in high-performance EV batteries, battery modules, and energy storage systems. SK Innovation focuses on advanced battery research, sustainable production, and recycling technologies to enhance safety, efficiency, and longevity. By partnering with major automakers worldwide, SK Innovation plays a crucial role in accelerating the adoption of electric mobility and supporting the global transition toward low-emission, sustainable energy solutions.

10. Tesla, Inc. (battery producer / cell partner)

Tesla, Inc. is a global leader in electric vehicles, energy storage, and sustainable energy solutions, driving the transition to a zero-emission future. Founded in 2003 and headquartered in Austin, Texas, USA, the company designs and manufactures electric cars, lithium-ion battery packs, and energy storage products such as Powerwall and Megapack. Tesla also develops battery technology in partnership with leading cell manufacturers to enhance energy density, charging speed, and lifespan. With a strong focus on innovation, manufacturing scale, and renewable energy integration, Tesla continues to shape the global clean transportation and energy landscape.

Other Leading Global Electric Vehicle Battery Companies

• Northvolt AB
• Farasis Energy (Farasis)
• Clarios (formerly Johnson Controls Power Solutions)
• Romeo Power Corporation
• EVE Energy Co., Ltd.
• Gotion High-Tech Co., Ltd.
• Toshiba Corporation (battery technologies: e.g., SCiB)
• GS Yuasa Corporation
• Saft Groupe SAS (TotalEnergies)
• CALB (China Aviation Lithium Battery / CALB Group)

Conclusion

The global electric vehicle (EV) battery market is experiencing rapid growth, driven by strong government initiatives and technological innovation. Policies such as subsidies, tax incentives, and stringent emission regulations are accelerating EV adoption worldwide, creating substantial demand for advanced battery technologies. Companies like CATL, LG Energy Solution, BYD, Samsung SDI, and Tesla are leading the charge with high-performance lithium-ion, solid-state, and LFP batteries, offering solutions spanning EV production, energy storage systems, and battery recycling. Continued R&D and sustainability-focused innovations are enhancing energy density, safety, and lifecycle performance, positioning the market for sustained growth and global clean energy transition.