Top 10 4680 battery manufacturers in the world

Top 10 4680 battery manufacturers in the world

Tesla

Company profile:
Tesla is the first in top 10 4680 battery manufacturers in the world to release 4680 in 2020, as of today, the 4680 battery production line of the Nevada Gigafactory has been put into construction. It will become the third Tesla US factory with 4680 battery production capacity after the Texas Gigafactory and the Trimont Pilot Plant in California.

Tesla Texas Super Factory has four 4680 battery production lines, one of which has been put into production, and the remaining three are in the debugging and installation stage.

At the end of 2022, the pilot factory in Tremont, California achieved a major breakthrough in the production of 868,000 4680 battery cells a week, which can supply about 1,000 Tesla Model Y electric vehicles.

Total market value: 655.68 billion USD
Company website: https://www.tesla.com/

Panasonnic

Company profile:
Panasonic ranks first in top 10 18650 battery manufacturers in the world has always been a battery supplier for Tesla’s 18-series and 21-series, and has also made plans for large cylinders. It is expected to mass-produce 4680 batteries in the second half of this year and supply them to Tesla.

The technical goal of Panasonic’s 2022 trial production of 4680 battery product development in Japan has been basically achieved, but there are still technical barriers to mass production.

Panasonic as one of the top 10 4680 battery manufacturers in the world will mass-produce 4680 batteries at its factory in Wakayama Prefecture, Japan as soon as March 2023, and supply them in batches to Tesla. It will also take into consideration the establishment of a new factory in North America, and strive to achieve a substantial increase in production.

Total market value: 21.78 billion USD
Company website: http://holdings.panasonic/global

LG new solution

Company profile:
LG Energy Solution is a subsidiary of South Korea’s LG Group, also is famous 18650 battery manufacturer. It is a global leader in the battery field and the first batch of pioneers in the power battery industry.

In June 2022, As one of the top 10 4680 battery manufacturers in the world LG Energy Solution stated that it will invest 582 billion won (approximately RMB 3 billion) to build new infrastructure at the Ouchang factory in South Korea for the production of 4680 batteries.

In the current power battery market, LG Energy Solution has lagged far behind the CATL. Its continuous efforts in the field of cylindrical batteries may aim to gain a first-mover advantage in new technical routes, and eventually rely on cylindrical batteries to expand its market share.

Total market value: 102.13 Billion USD
Company website: https://www.lgensol.com/en/

Samsung SDI

Company profile:
Samsung SDI refers to the subsidiary company of Samsung Group in the electronics field. Samsung SDI in top 10 4680 battery manufacturers in the world also supplies Tesla with a planned production capacity of more than 10GWh.

In August 2022, Cui Xun, head of Samsung SDI China, announced at the World New Energy Vehicle Conference that Samsung is developing 46 series batteries, including 4680, 4695 and 46120 batteries. According to the plan, Samsung SDI will mass-produce 4680 batteries in the Malaysian factory, with a planned production capacity of 8-12 GWh.

Total market value: 50.45 trillion KRW
Company website: https://www.samsungsdi.com/

EVE

Company profile:
In August 2022, the pilot test line of EVE Lithium Energy’s first system product equipped with 46 series large cylindrical batteries was successfully rolled off the production line. As one of the top 10 4680 battery manufacturers in the world EVE Lithium Energy released a new generation of 4695 large cylindrical batteries in December 2022, with an energy density of 350Wh/kg, which can achieve 9min ultra-fast charging and 500-1000km battery life, and reduce manufacturing costs by 50%.

It is reported that the company’s 46 series large cylindrical battery project is advancing in an orderly manner as planned. According to the plan, EVE Lithium Energy’s total production capacity of large cylindrical batteries will exceed 100GWh in 2025. EVE Lithium Energy has completed the strategic layout of large cylindrical batteries, including two models of 4680 and 4695.

Total market value: 169.119 billion RMB
Company website: www.evebattery.com

BAK

Company profile:
Shenzhen BAK is one of the top 10 4680 battery manufacturers in the world, was established in 2001 and is headquartered in Dapeng New District, Shenzhen, Guangdong. Now it has developed into an international leading new energy enterprise integrating the three core businesses of lithium-ion batteries, electric vehicles and battery recycling.

BAK Battery began to develop 4680 batteries in 2019, with an investment of 13 billion in the Changzhou base, and mass production is expected by the end of 2024. BAK Battery demonstrated its self-developed 4680 battery cell in March 2021. Jointly develop large cylindrical batteries with internationally renowned car companies.

As one of the first companies in China to produce cylindrical batteries, BAK’s large cylinders currently include 46 series, 3x series and 26 series, with cell heights ranging from 70mm to 160mm.

It is understood that in the 46 series with the highest market attention, BAK will begin to deliver samples in batches in 2021, and the performance is in line with expectations. According to the different fast charging capabilities of 8-15 minutes, the current energy density of the battery cell is between 280Wh/kg and 330Wh/kg.

Registered capital: 274.05 million RMB
Company website: www.bakpower.com

Envision Power

Company profile:
Envision Energy – the world’s leading expert in smart energy services, its business covers the design and manufacture of smart wind turbines, smart wind farm software business, intelligent remote diagnosis and technical services, integrated project management services, asset management services, energy investment services, etc.

Envision Power will provide 46-series large cylindrical batteries for BMW’s next-generation models from 2026, and will build a new zero-carbon battery factory in South Carolina, USA to provide products for BMW. Envision Power announced a 30GWh large cylindrical battery production capacity construction plan in South Carolina, USA. Now becomes one of the top 10 4680 battery manufacturers in the world.

Registered capital: 165 million US dollars
Company website: http://www.envision-group.com

CATL

Company profile:
CATL was established in 2011. Through years of operation, the company has established a leading R&D and manufacturing base for power batteries and energy storage systems in China. It has the core technology of the entire industrial chain of materials, batteries, battery systems, and battery recycling. China’s power battery enterprise.

CATL has planned 8 production lines with 12GWh of 4680 large cylindrical battery production capacity, and announced in September 2022 that it will build 20GWh production capacity in China and Europe. It is expected to start mass production in 2024 and officially deliver in 2025. Now becomes one of the top 10 4680 battery manufacturers in the world.

Total market value: 1095.712 billion RMB
Company website: www.catl.com

SVOLT

Company profile:
The predecessor of SVOLT is Great Wall Motor Power Battery Division, which has carried out the pre-research work of battery cells since 2012, established the Battery Division in December 2016, and independently became Honeycomb Energy Technology Co., Ltd. in February 2018.

SVOLT in the top 10 4680 battery manufacturers in the world has exhibited a 23Ah 4680 battery at the 2021 Shanghai Auto Show, with NCM positive electrode, planned energy density of 235Wh/kg, and cycle life of more than 1200 times. It is used in pure electric vehicles, but the mass production time is unknown.

The SVOLT 21700 battery has been SOP, and the large cylindrical battery is in the trial production stage, and it is expected to be mass-produced in 2024Q3.

Registered capital: 3243.18 million RMB
Company website: http://www.svolt.cn

Lishen

Company profile:
Lishen as one of the top 10 4680 battery manufacturers in the world was established on December 25, 1997 as a joint-stock high-tech enterprise specializing in the R&D, production and sales of lithium-ion batteries. At present, the company has an annual production capacity of 500 million Ah, and its products include four series of round, square, polymer and plastic flexible packaging, and power batteries with hundreds of models.

The 4680 battery has overcome technical difficulties such as flattening and assembling of the all-tab cylindrical battery, opened up the process route of the company’s 4680 battery, achieved a technological breakthrough, and laid the foundation for the later industrialization of this type of battery.

Lishen also exhibited samples of 4680 cylindrical batteries at the auto show. Lishen’s large cylindrical products have completed Pre-A sample production, and will have SOP capabilities as early as 2023.

Registered capital: 1930.36 million RMB
Company website: http://www.lishen.com.cn