The United States of America is one of the lithium-ion battery powerhouses in the world. Besides the domestic lithium-ion manufacturing companies, it has the presence of all major lithium-ion companies from across the globe.
Market-size of lithium-ion batteries in the United States of America
The United States of America is one of the largest lithium-ion batteries market in the world. Speaking specifically about the market-size of the lithium-ion batteries in the USA, it was worth US$ 13.7 billion in 2023. By 2032, its market size is expected to be worth US$ 71.6 billion. Hence, from 2023 to 2032, the market-size of lithium-ion batteries in the USA is expected to witness a Compound Annual Growth Rate (CAGR) of 20.1%.
Ranking of the United States of America in the world as per the market size of lithium-ion batteries
As per the BloombergNEF’s ranking, China has the largest market of lithium-ion batteries in the world. It is followed by the United States of America. Hence, the USA has the second largest lithium-ion market in the world.
10 Major Lithium-ion Companies in the USA in 2024
The 10 major lithium-ion manufacturing companies in the world are as follows:
- Tesla, Inc.
It is an American multi-national company. It manufacturers batteries for cars and home power storage, solar panels, and electric automobiles.
It was incorporated in July, 2003, as Tesla Motors. It was named so after a Serbian-American inventor, Nikola Tesla.
Its head-office is in Austin, Texas.
It invests hugely in developing new lithium-ion technologies. For instance, in 2016, it had set-up a five-year research and development collaboration with Dalhousie University.
It has also acquired many battery manufacturing companies in the past. For instance, Maxwell Technologies, Hibar Systems, and Springpower International.
Its lithium-ion batteries are known for using majorly two types of cathodes. First, nickel-cobalt-aluminium (NCA) cathodes. And second, lithium-iron-phosphate (LFP) cathodes.
Its lithium-ion batteries are known world-over for their high quality and durability.
For the production of lithium-ion batteries, it has established its Gigafactories across the world. They are in Austin, New York, Nevada, Fremont, Shanghai, and Berlin-Brandenburg. Besides these, it is also establishing a new Gigafactory at Neuvo Leon, Mexico.
- EnerSys
It is among the leading lithium-ion battery companies in the world. It supplies lithium-ion batteries to customers in more than 100 countries of the world.
Its manufacturing process is certified as per the ISO 9000, ISO 9001-2015, ISO 14001-2015, ISO 13485-2016, AS9100D, and IATF 16949.
It is headquartered in Reading, Pennsylvania. Besides, it has two regional headquarters. One in Zug, Switzerland. And the other in Singapore.
It manufacturers the famous NexSys® iON series of lithium-ion batteries. They are produced using Nickel-Manganese-Cobalt (NMC) chemistry.
The speciality of these batteries is that they are ideal for applications in heavy-duty operations. Besides, they recharge at a very fast pace, are very durable and have low-upkeep. These qualities lower down the operational costs and make the entire production process very economical.
Owing to all these qualities, its lithium-ion batteries are used in appliances that find applications in grids, telecommunications, medical safety, and climate change. Besides, it is a major producer of lithium-ion batteries for energy storage solutions.
- Panasonic Holdings Corporation
It is a Japanese multinational electronics company. It was established in 1918.
Back then, it was called Matsushita Electric Housewares Manufacturing Works. It was established at Fukushima, Osaka, Japan. It was renamed as Matsushita Electric Industrial Co., Ltd., in 1935. Similarly, it was renamed as Panasonic Corporation in 2008. In 2022, it became a holding company and was renamed as Panasonic Holdings Corporation.
Its head-office is at Kadoma, Osaka, Japan.
The lithium-ion batteries are manufactured by Panasonic Holdings Corporation’s constituent company, Panasonic Energy Co., Ltd. It was incorporated in April, 2022. It is also based out of Osaka0, Japan.
It manufactures a wide range of lithium-ion batteries. Its cylindrical lithium-ion batteries are used in automotive. Besides, they are used as primary batteries and in storage battery modules.
- LG Energy Solution, Ltd.
It is a lithium-ion battery manufacturing company headquartered in Seoul, South Korea.
It was founded in December, 2020, when LG Chem Energy Solution Business Division, which had started its operations in 1992 shut down its operations in 2020, and transformed into a new company- LG Energy Solution, Ltd.
Its specialisation is the production of lithium-ion batteries for electric vehicles.
- Duracell, Inc.
It is a wholly-owned subsidiary of Berkshire Hathaway since 2016.
It manufacturers lithium-ion batteries in a range of sizes. A few such models are known as CR2, 123, 245, and 1/3N. Besides, it manufacturers lithium coin button batteries in a range of products- 2016, 2025, 2032, and lithium-ion button batteries such as LR44, 364, 362/361, 371/370, 377. Also, it manufacturers special lithium-ion batteries such as MN21, CR2, 123, 223, 245, 1/3N, AAAA.
It manufacturers ultra-light lithium ion batteries in three ranges- 28L, 223, and 245.
One of its premium and most famous products is the Duracell High Power Lithium 123 batteries. Its special feature is that they are made up of high-purity lithium. They have long guarantee and lasting power for a range of devices. For instance, sensors, smoke detectors, photo flash, keyless locks, flashlights, electronic dog collars, and bike accessories.
- Volkswagen Group
It is a world-famous automotive company. It is based out of Wolfsburg, Germany. Its American subsidiary company is named Volkswagen of America, Inc. Its head-office is based out of Reston, Virginia. It has established its advanced manufacturing facility at Chattanooga, Tennessee.
Its speciality is that it manufactures very high-quality solid-state lithium-ion batteries for a wide range of applications. It manufactures these lithium-ion batteries by its battery innovation start-up QuantumScape.
- Contemporary Amperex Technology Co., Limited (CATL)
It is a Chinese battery manufacturer and technology company. It was founded in 2011. It specializes in the manufacturing of lithium-ion batteries for use in three domains- electric vehicles, energy storage systems, and battery management systems (BMS).
It has established a lithium-ion battery manufacturing facility in Detroit, a city in the Michigan province of the USA. This plant supplies lithium-ion batteries to all the world-renowned car manufacturers. For instance, BMW, Daimler, Jaguar Land Rover, and Volkswagen.
- Wanxiang A123 Systems Corp.
It is a subsidiary of the Chinese Wanxiang Group Holdings. It was established in 2001 by three people- Bart Riley, Ric Fulop, and Yet-Ming Chiang.
It specialises in the manufacturing of nano-iron phosphate lithium-ion batteries. They are used in a wide range of applications- both appliances and energy storage devices.
- Lithion Battery, Inc.
It is head-quartered in Nevada, Henderson, USA. It has its production facilities in eight different locations across the world.
It has established a highly advanced manufacturing and testing facility for lithium-ion batteries at Henderson, Nevada, USA. It is dedicated to the production of lithium-ion cells and battery pack.
Its manufacturing process adheres to the Battery Council International (BCI) standards.
It manufacturers highly differentiated lithium iron phosphate cells, modules, and battery packs.
10. Toshiba Corporation
It is a Japanese multi-national company. It is head-quartered at Minato City, Tokyo, Japan.
It manufacturers the world-famous SCiB™ lithium-ion batteries. It uses lithium titanium oxide as anode. This enables it to achieve its desirable characteristics. For instance, long life, fast charging, safety, and high input/ output power.
Its SCiB™ lithium-ion batteries are used in a wide range of applications. Such as automobiles, vehicle, power plants, elevators, and other industrial and infrastructure applications.
