Top Lithium Battery Brands Energizing the Market

Lithium batteries have become an integral part of our modern lifestyle, powering everything from smartphones to electric vehicles. As demand surges, certain brands have emerged as leaders in delivering high-quality, efficient, and reliable lithium battery solutions. Companies such as Tesla, Panasonic, and LG Chem have developed an edge through innovation and cutting-edge technology. If you're considering a purchase or simply curious about which brands are leading the charge, read below to discover a comprehensive list and detailed insights into the best brands for lithium batteries.

Illustration of lithium battery

Best brands of lithium battery in 2025

CATL

CATL (Contemporary Amperex Technology Co. Limited) is the world's leading producer of lithium-ion batteries, holding a global market share of around 37% in 2023. The company has maintained its top position in the EV battery market for seven consecutive years, with its EV battery consumption volume reaching 259.7 GWh in 2023, a 40.8% increase from 2022. CATL's innovative technologies, such as the Qilin battery, have significantly enhanced energy density and volume efficiency, achieving 72% volume efficiency and 255 watt-hours per kilogram. The company has set ambitious manufacturing capacity targets, aiming for over 500 GWh by 2025 and more than 800 GWh by 2030. CATL's dominance is further underscored by its partnerships with major global automakers and its commitment to technological innovation. For more details, you can read their latest news update.

LG Chem

LG Chem, particularly through its subsidiary LG Energy Solution, is a leading producer of lithium batteries, commanding a significant market share globally. In 2023, LG Energy Solution held a 13.6% share of the global EV battery market, installing 95.8 GWh of power batteries, a 33.8% increase from the previous year. The company is known for its technical edge in producing batteries from raw materials to finished products, ensuring high energy density and long battery life. LG Chem's dominance is also evident in the US market, where LG Chem Michigan Inc. holds the largest market share in lithium battery manufacturing. The company's strong performance is supported by its advanced battery technologies, including ternary batteries and its competitive position in the global EV battery market. For more detailed insights, you can visit their official information center.

Panasonic

Panasonic is a leading producer of lithium-ion batteries, holding a significant 6.5% global market share in the EV battery market as of January-November 2023. The company has delivered 35.2 GWh of EV battery power year-to-date and supplies over 80% of its EV batteries to Tesla. Panasonic is the world's fourth largest EV cell supplier and has captured 9% of the global market. Despite a 60% cut in Japan's EV battery production in the September quarter, Panasonic remains a key player, with a predicted revenue of $7.1 billion from its automotive battery business in 2024. The company's strong position is further solidified by its longstanding business relationship with major automakers. For more details on the recent production changes, visit Panasonic EV Battery Production Update.

Samsung SDI

Samsung SDI is a leading producer of lithium-ion batteries, known for its high-quality and innovative products. In 2023, the company manufactured around two billion units of small-sized lithium-ion batteries, highlighting its significant production capacity. Samsung SDI holds a notable market share in the global energy storage system (ESS) market, with around a 5% share in 2023. The company is also advancing in solid-state battery technology, aiming to mass-produce batteries with an energy density of 500 Wh/kg by 2027, nearly double that of current chemical-filled EV batteries. Samsung SDI's products are used in various applications, including electric vehicles from brands like BMW and Rivian.

BYD

BYD, or Build Your Dreams, is a leading producer of lithium batteries, ranking second globally in the EV battery market with a 16.4% share in the January-September 2024 period, up from 15.9% the previous year. The company has significantly expanded its production capacity, with its power battery installations reaching 98.5 GWh in the same period, a 28% increase from the previous year. BYD is known for its vertical integration and dominance in both EVs and batteries, particularly specializing in iron-based phosphate (LFP) batteries, which account for a significant portion of the lithium-ion chemistry mix. In 2023, BYD was the second-largest battery maker and the second-largest BEV producer by market share. The company continues to innovate, with recent record sales of over 500,000 new energy vehicles (NEVs) in a single month. For more information, read about their achievements on the world's largest battery plant.

Tesla

Tesla's Giga New York, also known as Gigafactory 2, is a pivotal facility in the company's mission to accelerate the world's transition to sustainable energy. Although it is not directly involved in battery production for Tesla's EVs, it plays a crucial role in producing Solar Roof tiles, solar panels, and electrical components for Tesla's Supercharger network. Initiated in 2014, Giga New York began production in 2017, contributing significantly to Tesla's overall strategy of reducing battery costs through economies of scale and innovative manufacturing. By 2022, Tesla had increased its use of lithium iron phosphate (LFP) batteries to 30%, with a significant portion of these batteries being manufactured in China and used in vehicles produced in the U.S. For an extensive look at the development of Tesla’s Gigafactories, explore their construction timeline.

AESC

AESC (Automotive Energy Supply Corporation), a global leader in high-performance lithium-ion batteries, has been at the forefront of zero-emission electric vehicle and energy storage solutions since its founding in Japan in 2007. With a diverse and experienced management team leading a workforce of 12,000, AESC powers over one million electric vehicles and provides more than 20GWh of installed capacity for battery energy systems across over 60 countries. The company is known for its pioneering work in mass-producing lithium-ion EV batteries, starting in 2010, and for being the first to build EV battery plants in the U.S. and U.K./Europe in 2012. AESC's advanced technology includes a range of battery chemistries and form factors, and it has a significant presence in the U.S. and Europe, supporting major OEMs with its "Local for Local" manufacturing strategy. The company is further expanding its U.S. operations with a $1.5 billion investment in South Carolina to enhance its EV battery production capabilities. You can find more information about AESC's innovative solutions on their official website.

SK Innovation

SK On, a subsidiary of SK Innovation, is a leading producer of lithium-ion batteries, particularly for electric vehicles and Energy Storage Systems (ESS). In 2023, SK On produced around 220 million battery cells globally and holds a 4.9% share of the global EV battery market. The company is renowned for its high-efficiency, high-capacity batteries designed for safety and faster charging. SK On collaborates with major automotive companies to reduce carbon emissions and is also exploring Battery-as-a-Service (BaaS) and other innovative applications. Its market presence is significant, with facilities in South Korea and overseas, including subsidiaries like SK Battery America and SK On Hungary Kft.

Northvolt

Northvolt is a leading producer of lithium-ion batteries, having achieved a significant milestone by producing 60,000 cells in one week at its Skelleftea site, a threefold increase since the start of the year. The company is committed to advancing battery technology, including the development of lithium-metal and sodium-ion batteries, with plans to reduce carbon emissions in battery production by 90% by 2030. Northvolt has secured over $55 billion in lithium-ion battery orders from major automotive clients such as Volkswagen, BMW, and Volvo. The company is also pioneering the use of sodium-ion batteries, which could displace up to 7% of the lithium demand by 2035. With significant funding, including a $5 billion green loan, Northvolt is expanding its production facilities across Europe and North America. For more insights, visit their official announcement.

Envision AESC

Envision AESC is a leading producer of lithium-ion batteries, notably expanding its global manufacturing capacity to target 70 GWh per year in the US and over 300 GWh globally. The company, formerly a joint venture between Nissan and NEC, has seen significant growth, with a 77% increase in production in 2023, and holds a 1% share of the total EV battery market. Envision AESC is establishing new plants in various locations, including a 30 GWh plant in South Carolina for BMW and another in Kentucky with a capacity of up to 40 GWh per year. The company also operates facilities in Japan, the UK, France, Spain, and China, solidifying its position as a major player in the EV battery industry. With its commitment to low-carbon emission technology and continuous innovation, Envision AESC is set to play a crucial role in the growing EV market. For more information, visit the Envision AESC battery manufacturing expansion news.