5 Biggest Battery Manufacturers in the World

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1. Contemporary Amperex Technology Co., Limited

Market share as of  July 2022: 34.8%

Contemporary Amperex Technology Co., Limited is the world’s largest battery manufacturing company and is based in Ningde, China. It specializes in the production of lithium-ion batteries but also produces sodium-ion batteries and battery management systems.

The company is a supplier to a number of growing EV manufacturers including Hyundai, Honda, BMW, Tesla, Toyota, Volkswagen, GAC Group, Geely Automobile, SAIC Motor, Daimler, and more. It had sales of 99 GWh in 2021 and 69 GWh in the first half of 2022 alone. The large dominance in market share Contemporary Amperex Technology Co., Limited has is because of its cost competitiveness, technological efficiency, expansion scale effect, and stable working capital security along with being a Tier One battery manufacturer. The company is also expanding fast. This includes a $3.5 billion battery factory project underway in collaboration with Ford Motors with an annual capacity of 35 GWh and an announcement of its second battery manufacturing plant in Europe with a capacity of 100 GWh. The company expects to raise production capacity to 670 GWh by 2025. The company has shown consistent growth in quarterly revenue, generating around $14.17 billion in revenue in the third quarter of 2022, and has an expected CAGR of 24.56% per year.

See also Lithium Battery Production by Country and 15 Biggest Electric Car Companies in the World.

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