In its latest Leaderboard report on what it sees as the top 8 automotive Li-ion battery companies, Navigant research has put LG Chem in first place, followed closely by Panasonic and Samsung SDI in the “Leaders” segment. To qualify for the Leaders category, a company must perform exceedingly well in strategy and execution.
Navigant’s second category consists of the “Contenders”, which are companies that have exhibited staying power in the market despite relatively slow growth while boasting significant financial reserves for future investment. In the report, these are AESC, BYD, Johnson Controls and A123. Navigant’s third category, “Challengers”, has only Lithium Energy Japan.
|Source: Navigant Research. Click to enlarge.|
Overall, in a competitive space such as Li-ion batteries for vehicle electrification, the Challengers and Contenders in this Leaderboard Report represent credible competition for the Leaders.—“Navigant Research Leaderboard Report: Lithium Ion Batteries for Transportation”
Navigant projects the global market for Li-ion batteries for HEVs and PEVs will grow at a 2015-2020 compound annual growth rate (CAGR) of 31.9% in terms of energy capacity to 61.3 GWh.
The majority (72%) of demand for Li-ion electric vehicle (EV) batteries will come from battery electric vehicles (BEVs) due to the larger battery packs typical of those vehicle types.
Navigant Research anticipates the emergence of two separate BEV market segments over the next 5 years:
One segment focused on the premium vehicle sector with large energy capacity and longer-range battery packs.
A second segment with lower capacity, shorter range, and a lower-cost class of battery packs.
The Navigant Research Leaderboard Report examines the strategy and execution of eight leading Li-ion battery manufacturers that are active in the light duty EV battery market. These players are rated on 12 criteria: vision; go-to market strategy; partners; production strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power.