Boulder, Colorado – Companies in Japan, Korea and China are leading the U.S. in electric vehicle (EV) battery sales and will continue to do so in the near term, according to a new report by Pike Research.
The EV b attery industry is entering a mature phase, with some companies developing products for as long as 15 years. The earliest developments focused on lead-acid and nickel-metal hydride (NiMH) batteries, but today companies and automakers have standardized on lithium ion (Li-ion) batteries.
The Li-ion EV market is currently led by Japanese and Korean companies that originally produced cells for consumer electronics and computing. These veteran companies are gradually being challenged by companies, primarily from China and North America, that are slowly gaining customers that are mostly in their domestic markets. Pike said that the manufacturers best positioned to take advantage of these market shifts are LG Chem and Johnson Controls.
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