THE RACE TO SUPPLY EV BATTERIES HEATS

Panasonic Leads in EV Batteries With 39% Market Share, But Others Aim for Its Crown; LG Chem could claim lead in the emerging $30 billion market, if it can accelerate sales…

August 18, 2015 (Lux Research)

“Panasonic is currently the runaway leader in the nascent battery market for electric vehicles, but LG Chem has the potential to overtake it in [a still emerging market that] will be a $30 billion market in 2020…[but] most auto majors are quickly offering [plug-in] more options…[including the] Volkswagen Group…Renault-Nissan will account for 9% of this market in 2020…[but] its joint venture that sources batteries from NEC, has underperformed, hobbled by high costs and lagging technology, leaving an opening for LG Chem…New technology beyond the current Li-ion batteries is key to the lower cost and higher performance need…Samsung Ventures has invested in solid-state battery developer Seeo and in graphene-silicon anode maker XG Sciences…Volkswagen has backed Quantumscape and GM Ventures has invested in Sakti3, Envia Systems, and SolidEnergy Systems…” click here for more

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