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LG Chem, Johnson Controls, AESC Lead Li-ion Battery Market

LG Chem and Johnson Controls currently lead the lithium ion (li-ion) batteries for electric vehicles market in terms of both strategy and execution, according to a leaderboard report by Navigant Research.

Only three companies — LG Chem, Johnson Controls and AESC — are ranked as “leaders” in the report’s leaderboard grid (see graphic). Steady but gradual growth in EV sales has limited opportunities for makers of advanced batteries, including li-ion batteries, Navigant Research says. Several companies have either entered bankruptcy or shut down, leaving a few firms struggling to remain solvent until the EV market creates a growing worldwide demand for electric drivetrains.

The top 10 vendors, according to the report, are:

LG Chem
Johnson Controls
Samsung SDI
SK Continental E-Motion
GS Yuasa

South Korea-based LG Chem surprised many in the automotive field by winning the Chevrolet Volt contract in 2008, and has since followed through with several other major automotive contracts.


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