Navigant Research crowns LG Chem as the Li-ion leader

LG Chem Lithium Ion Cells

A recent Leaderboard Report from Navigant Research examines the strategy and execution of eight leading EV battery manufacturers. Navigant puts LG Chem in first place, followed closely by Panasonic and Samsung SDI. A rung below these “Leaders” are what Navigant calls “Contenders,” including AESC, BYD, Johnson Controls and A123.

Navigant projects the global market for automotive Li-ion batteries will grow at a compound annual growth rate of 32% from 2015 to 2020. Due to their larger battery packs, battery electric vehicles (BEVs) will account for 72% of demand.

Lithium-Ion-Leaderboard-Chart

Navigant foresees the emergence of two separate market segments, one focused on large-capacity packs for the premium vehicle sector, and one focused on smaller, lower-cost packs for shorter-range vehicles.

 

MORE: LG Chem CEO says its the Li-ion leader for PEVs because of material science

 

Source: Navigant Research via Green Car Congress