These Are the World's Biggest Battery Manufacturers for EVs

Established in 2011, CATL quickly entered into a strategic partnership with BMW. Since then, the company with a market cap of nearly $1.3 trillion has entered joint-venture business arrangements with Chinese vehicle manufacturers such as SAIC Motor, Dongfeng Motor, GAC Group, Geely Auto Group, and FAW Group. CATL also supplies battery components to Tesla for vehicles built at the automaker’s Shanghai plant.

and Model Y in Europe and China helped the South Korean company move its batteries into Tesla buyers' driveways and garages.LG Energy Solution is also a key stakeholder in Ultium Cells, a joint venture between it and General Motors with a finished factory in Warren, Ohio. Additionally, factories in Spring Hill, Tennessee, and Lansing, Michigan, are underway.

Even so, Panasonic is poised to remain a major automotive battery supplier due to its long-standing relationship with Tesla. The two companies jointly operate a. Panasonic plans to open another battery production facility in Kansas before the middle of the decade too.

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