If you are buying a reliable supplier of lithium batteries for your business, read on to discover which companies are the best for your needs.
We’ve included companies like LG Chem, Panasonic, and Tesla in this list. These are only a few of the most popular names in terms of batteries.
The list is in no way comprehensive; it’s an excellent starting place for your search. You can narrow your search further by considering other corporations’ services and products.
LG Chem
The company will spin off its battery business in December, in part to capitalize on the growing interest in the industry. The company will focus on the development of cathode materials and separators. Additionally, it is planning to expand its production capacity to 500-gigawatt hours by 2030. LG Chem has been buying the battery pack business since 2014 and has achieved several milestones since entering home-based business areas. Let’s have a closer consideration of the provider’s new strategic moves.
One of LG Chem’s recent projects is building a new production facility in Europe. The new factory will produce battery packs for electric cars. Its gross annual production capacity will be 50 thousand battery packs. The new facility will be much like the company’s current plant in Holland, Michigan, where it makes electric battery packs for the Chevy Volt. It will eventually generate battery packs for the Chevrolet Bolt. Its global network of electric battery manufacturing plants would be the largest on the market.
Panasonic
The world’s leading lithium-ion battery manufacturer, Panasonic, has signed a preliminary agreement with two large oil and gas companies in Northern Europe to work together to establish a large battery business. The companies will examine the lithium-ion battery market in Northern Europe and identify possible co-location and integrated supply chain partners to help them meet up with the growing demand for batteries in the region. While the deal is still preliminary, it’s clear that the partnership could have huge benefits for both businesses.
In addition to expanding its existing business, Panasonic has started a new venture in India, where it is planning to set up a factory to mass-produce lithium-ion batteries. This new plant in Himeji, Japan, will manufacture batteries alongside other products created by Panasonic, including LCD display panels. The plant is expected to start production in 2020. Panasonic in addition has opened a facility in Dalian, China, which is usually separate from Tesla but will give attention to the rapidly growing Chinese EV market.
Tesla
A few months ago, Panasonic announced a three-year supply cope with Tesla. While the companies did not reveal how much lithium they would supply, the offer does guarantee Tesla a steady supply for at least one million miles. The deal was signed with Tesla after Panasonic announced plans to build two new battery production facilities near its Fremont, Calif. car factory. Those battery factories is definitely the first to use Panasonic’s LFP chemistry.
The company also has a wide variety of relationships with major auto manufacturers and is a high supplier of lithium-ion batteries. It also recently signed an agreement to produce battery components for Tesla’s second “battery mega factory” in Giga Shanghai. Its Xinjiang-based showroom is also a site of human rights abuses. While the company is trying to resolve these issues, it has suspended its media relations department. Graphite, a mineral used to create battery electrodes, has also become scarce in recent months.
Samsung SDI
Samsung SDI is a worldwide leader in advanced energy solutions and manufacturers of rechargeable lithium batteries for the automotive and IT industries. Its cutting-edge technologies are being used in automotive, energy storage, and semiconductor and dis definitely play applications. This innovative company is focused on the next generation of growth drivers. The business’s groundbreaking processes and commitment to quality products allow them to supply high performance throughout the vehicle’s lifetime. Continue reading to learn more about how Samsung SDI can help your business.
The production process for a lithium-ion battery involves many complex materials, chemistries, and hardware and software. Consequently, it requires a high degree of quality control. Inaccuracies could be traced to a range of factors, including faulty materials or equipment. Samsung SDI includes a zero-quality-related accident record. Moreover, Samsung SDI is focused on creating future-proof products for the automotive industry.
Envision AESC
If you’re considering a career in lithium battery manufacturing, Envision AESC could be the right company for you. The enterprise has three production sites: Japan, the UK, and China. In addition, it has got a plant under construction in France. By 2026, Envision AESC expects to grow its manufacturing capacity to 300 gigawatt-hours. This will give the business a global existence and the opportunity to supply batteries to automakers.
The company started mass making the batteries used in the Nissan LEAF in 2010. In 2011, the LEAF won World Car of the Year. Before Tesla, the Nissan LEAF was the best-selling electric car on the globe. The LEAF also helped make electric cars mainstream, and the company is now supplying battery packs for the Nissan Leaf. It is the business’s mission to double the number of electric battery cells in each car to improve range and make sure they are heavier.
Ganfeng Lithium
A company that supplies lithium to Tesla has filed for an IPO on the Shenzhen Stock Exchange. The company’s net profit in 2020 is projected to be $859 million, up from a year earlier. In the meantime, its share price has surged as much as 437%. This normal growth is largely attributed to the increasing lithium prices and strong demand for lithium batteries. This normal news comes as the company has positioned itself as a good investment opportunity for companies.
While the Tesla battery production cycle is far from complete, the company has secured the supply of minerals for battery cell suppliers. For that purpose, it has signed off-take agreements with junior mining companies. These companies have been seeking to build new mining projects, but must first get to development to gratify demand. This move could help the business grow by leaps and bounds. Tesla’s recent failure to meet deadlines and make a profit has prompted other companies in the market to look at a corresponding investment in lithium.