Top 10 solid-state battery companies in 2022

Top 10 solid-state battery companies in 2022

At present, with the rapid expansion of multiple demand markets such as new energy vehicles, energy storage, power tool batteries, electric two-wheelers, drones, powerwall battery, and smart wear, in addition to stable supply capacity, continuous technological innovation is also the key for enterprises to maintain competitiveness.

Recently, the deputy director of the National Development and Reform Commission pointed out in a public speech that it is necessary to consolidate lithium-ion battery technology and industrial advantages, accelerate the development of new battery technologies such as sodium-ion, solid-state batteries, and fuel cells, and promote the diversification of battery technology and materials.

A new round of technical competition for battery companies has begun, and the research and development and application of solid-state batteries are also accelerating. Ouyang Minggao, an academician of the Chinese Academy of Sciences, said that 2025 is a critical period for the transition from liquid batteries to solid-state batteries.

A new round of technical competition for battery companies has begun

According to reports, the goal of China’s power battery industrialization is: by 2025, the energy density of liquid system battery cells will reach 350Wh/kg; In 2030, the battery cell energy density of the solid-liquid hybrid system transitioning from liquid batteries to solid-state batteries is 400Wh/kg; In 2035, the energy density of quasi/all-solid-state battery cells will reach 500Wh/kg.

It is expected that the global solid-state battery shipments will grow rapidly from 2021 to 2030, and may exceed 250GWh by 2030, and the market space is expected to reach more than 150 billion RMB. In the development and application of liquid batteries to all-solid-state batteries, solid-state batteries are expected to enjoy an extraordinary valuation premium.

A more optimistic forecast: in 2030, the global shipment of solid-state batteries may reach 276.8GWh, and the overall penetration rate is expected to remain around 10%. According to the “White Paper on the Development of China’s Lithium-ion Battery Industry (2022)” jointly released by the research institute, it is predicted that, the compound growth rate of global lithium-ion battery shipments will reach 25.6% before 2030, and the overall shipments may be close to 5TWh by 2030. However, the technology of lithium-ion batteries is still immature, and next-generation battery technologies, including solid-state batteries, will continue to emerge one after another.

While institutions are optimistic about the solid-state battery field, solid-state battery-related companies are also favored by investors. According to incomplete statistics from Battery Network, since 2022, seven global solid-state battery manufacturers have received new investment, including WELION, GTC-Power, Tailan, ENPOWER, SES, Huineng, Factorial, and the Top 10 solid-state battery companies (in no particular order):

Top 10 solid-state battery companies in 2022

CATL

CATL is one of top 20 pouch battery manufacturers in the world

Company profile:
Ningde Times New Energy Technology Co., Ltd. was established on December 16, 2011. It is a world-leading new energy innovation technology company, focusing on the research and development, production and sales of new energy vehicle power battery systems and energy storage systems.

Committed to providing first-class solutions and services for global new energy applications. The core technologies include the R&D and manufacturing capabilities of the entire industry chain in the field of power and energy storage batteries, materials, cells, battery systems, and battery recycling and secondary utilization.

In March 2022, CATL launched the third-generation CTP technology through continuous technological iteration, which is called “Kirin battery” internally, and its power is 13% higher than that of the 4680 system. A few days ago, CATL announced that its first overseas factory in Thuringia, Germany has officially obtained the battery cell production license.

Total market value: 1,116.664 billion RMB

Company website:www.catl.com

BYD

BYD is one of top 20 pouch battery manufacturers in the world

Company profile:
BYD is a high-tech enterprise dedicated to “using technological innovation to satisfy people’s yearning for a better life”. BYD was established in February 1995. After more than 20 years of rapid development, BYD has established more than 30 industrial parks around the world, realizing its strategic layout on six continents.

BYD’s business layout covers electronics, automobiles, new energy and rail transportation, and plays a pivotal role in these fields. From energy acquisition, storage, to application, it builds a comprehensive zero-emission new energy solution. BYD is a listed company in Hong Kong and Shenzhen, with a turnover and total market value of more than 100 billion RMB.

On April 1, BYD signed an order for 30 buses with Nobina, the largest bus operator in Northern Europe.

On April 3, BYD announced that it will stop the production of fuel vehicles from March, becoming the first car company in the world to officially announce the discontinuation of fuel vehicles. In March, the production and sales of new energy vehicles both exceeded 100,000.

Total market value: 653.930 billion RMB

Company website:http://www.byd.com/cn/index.html

LG

LG is one of top 10 solid-state battery companies in 2022

Company profile:
LG New Energy (LG Energy Solution), a subsidiary of South Korea’s LG Group. As a global leader in battery technology, LG’s new energy business covers power batteries, small batteries, and energy storage systems.

LG New Energy has more than 20,000 employees worldwide, has 23,610 electric vehicle battery patents, and has established a globalized production and operation system in China, South Korea, the United States, Europe, and Indonesia. At present, LG New Energy provides power battery products for Volkswagen, GM, Daimler, Ford, Hyundai, Kia, Audi, Porsche, Renault, Tesla and other leading global car brands.

In February 2022, LG Energy and General Motors will establish a fourth joint venture battery plant in the United States.

On March 24, 2022, South Korean battery maker and Tesla supplier LG Energy Solution said it would spend nearly $1.4 billion to build a second independent electric vehicle battery plant in Arizona, USA.

Registered capital: 1445.6984 million US dollars

Company website:http://www.lgchemnj.com

WELION

WELION is one of top 10 solid-state battery companies in 2022

Company profile:
Founded in 2016, WELION is headquartered in Beijing, China, and has three production bases in Fangshan, Beijing, Liyang, Jiangsu and Huzhou, Zhejiang. WELION is a national high-tech enterprise focusing on the R&D and production of mixed solid-liquid electrolyte lithium-ion batteries and all-solid-state lithium batteries, with a series of core patents and technologies. It is the only industrialization platform for solid-state battery technology in the Clean Energy Laboratory of the Institute of Physics, Chinese Academy of Sciences.

The company focuses on hybrid solid-liquid electrolyte batteries and all-solid-state battery products with high energy density, high safety, high power, wide temperature range and long life. Through original innovation to break through the bottleneck of existing technology, the application covers new energy vehicles and ships, large-scale energy storage, 3C consumption, and other industries.

On March 24, Weilan New Energy underwent industrial and commercial changes, adding Xiaomi Changjiang Industrial Fund Partnership (Limited Partnership), Huawei affiliate Shenzhen Hubble Technology Investment Partnership (Limited Partnership), Ningbo Geely Blue Plan Enterprise Management Partnership and other shareholders, the company’s registered capital increased from 58.0368 million RMB to 61.3673 million RMB.

It is reported that Weilan New Energy is headquartered in Beijing, and now has four major industrial bases in Fangshan in Beijing, Liyang in Jiangsu, Huzhou in Zhejiang and Zibo in Shandong. On February 25, Weilan New Energy’s 100GWh solid-state lithium battery project started construction in Zibo High-tech Zone, Shandong, with a total investment of 40 billion RMB. Among them, the first phase invested 10.2 billion RMB, covering an area of 550 acres, with an annual output of 20GWh of mixed solid-liquid electrolyte batteries and all-solid-state batteries. The project was signed, constructed and put into operation in the same year.

Registered capital: 61.367286 million RMB

Company website:www.solidstatelion.com

GTC-Power

GTC-Power is one of top 10 solid-state battery companies in 2022

Company profile:
High Energy Times (Zhuhai) New Energy Technology Co., Ltd. was established on July 15, 2021, and is registered in Zhuhai, China. The business scope includes general business items: battery sales; sales of electronic special materials; new material technology research and development; technical services, technology development, technology consultation, technology exchange, technology transfer, and technology promotion.

Licensed business items are: battery manufacturing; import and export agency; import and export of goods; technology import and export. On March 14, High Energy Times announced that it has recently completed a financing of over 50 million RMB. This round of financing was led by Tongchuang Weiye, and the investors also included CICC Chuanyu Phoenix Fund, Xinwangda, Zhuhai High-tech Venture Capital and other institutions.

The financing will be mainly used to accelerate the product layout, technology research and development, and talent introduction of all-solid-state batteries in the high-energy era.

Registered capital: 30 million RMB

Tailan

Tailan is one of top 10 solid-state battery companies in 2022

Company profile:
Chongqing Tailan New Energy Co., Ltd. was established on May 26, 2021.
The company’s business scope includes: general projects: emerging energy technology research and development; new material technology research and development; resource recycling technology research and development; wind farm related system research and development; electronic special material research and development; technical services; battery manufacturing; battery sales; battery leasing; engineering and technology Research and test development; manufacture of capacitors and their ancillary equipment; manufacture of mechanical and electrical equipment; Manufacture of graphite and carbon products; Manufacture of new energy prime mover equipment; sales of graphite and carbon products; sales of wind farm related equipment; sales of new energy prime mover equipment; .

On March 8, according to the news released by Country Garden Venture Capital, Tailan New Energy recently announced the completion of the A+ round of financing, exclusively invested by Country Garden Venture Capital. This round of financing will be used for production line construction, product development and talent building. At present, Tailan New Energy is building a 200MWh new generation of high-specific energy solid-state lithium battery automatic production line in Liangjiang New District of Chongqing, which is expected to be officially completed and put into operation in September 2022.

Registered capital: 4,987,654 RMB

Company website:www.ctlne.com

ENPOWER

ENPOWER is one of top 10 solid-state battery companies in 2022

Company profile:
Founded in July 2012, Enli Power is committed to the technological innovation, productization and industrialization of world-class solid-state batteries, and has become an invisible champion enterprise in subdivisions.

The “International Innovation Center for Advanced Batteries and Materials” established by the company is fully connected with 30 companies in the upper, middle and lower reaches of the Japanese solid-state battery industry chain to solve the dual challenges of energy density and safety. A truly world-leading solid-state battery industry chain has been incubated in China to meet the huge market demand brought by mobile electronics, electric vehicles, and new energy storage.

On February 10, Enli Power announced that the company completed the A round of financing exceeding 100 million RMB in January. This round of financing was led by Weiguang Venture Capital, and followed by Borun Capital, Yuannuo Tiancheng, Green Capital and Potential Capital.

It is reported that in 2022, Enli Power will be committed to trial production of soft-pack batteries with a single cell capacity of 10Ah (10000mAh) or more, and will further improve the energy density of Enli batteries without changing the design of the internal materials of the battery.

Registered capital: 6,050,294 RMB

Company website:www.enpower-energy.com

SES

SES is one of top 10 solid-state battery companies in 2022

Company profile:
Flexible, efficient and economic: SES Gasification Technology (SGT) produces synthesis gas. Synthesis gas or “syngas” is a clean and incredibly versatile source of energy. SGT is uniquely capable to manufacture clean syngas from a wide variety of natural and renewable resources such as most all forms of coal, biomass, municipal solid waste (MSW), and refuse derived fuels.

Syngas from SGT allows SES’s customers to cleanly unlock the value from their local and affordable resources and transform the syngas into electricity, steel, fuels, chemicals, fertilizers, or to be used as a natural gas substitute. This proprietary fluidized bed technology was built on decades of research, development, demonstration and commercial operation and is implemented in multiple plants in China. The management professionals of SES, many hailing from Fortune 100 energy companies, are among the most qualified gasification experts in the world.

On February 4, SES announced that its Class A common stock and warrants began trading on the New York Stock Exchange that day. On February 3, SES conducted an additional PIPE offering of $275 million at a price of $10.00 per share. Investors include Honda Motor, General Motors, Hyundai Motor, Geely Holding Group, Kia Corporation, SAIC Motor, etc.

Total market capitalization: $3.106 billion

Company website:www.synthesisenergy.com

Huineng

Huineng is one of top 10 solid-state battery companies in 2022

Company profile:
Shanxi Huineng Technology Co., Ltd. was established on February 17, 2014.The company’s business scope includes: technical services and technical consultation for power technology; technical development of power equipment, electronic products, and computer software; mining equipment, power equipment, barreled lubricants, steel, building materials, instruments and meters, general machinery and equipment, hardware products , daily necessities, chemical products (excluding dangerous goods), computer consumables, wires and cables, plastic products, sporting goods, household appliances, household goods, import and export of goods; technology import and export, etc.

On January 27, according to Daimler’s official website, Mercedes-Benz has signed a technical cooperation agreement with Taiwan’s solid-state battery company Proponent Technology to jointly develop next-generation batteries, with an investment of several million euros.

The first models equipped with the new solid-state battery are expected to be launched in the next few years, and will also be installed in a series of passenger cars in the next five years. According to reports, the company’s CEO Vincent Yang revealed in an interview that the company is considering an IPO in the United States or Europe, and may raise another round of financing before the IPO.

Registered capital: 50 million RMB

Company website:http://www.sxhnkjgw.com

Factorial

Factorial is one of top 10 solid-state battery companies in 2022

Company profile:
Founded in 2020 and headquartered in Woburn, Massachusetts, Factorial is one of many start-ups in the United States trying to commercialize solid-state battery technology, Factorial Energy has developed a solid-state battery that provides 20 to 50 percent more range per charge. The battery uses a solid electrolyte instead of a flammable liquid solution, so the technology promises to reduce the risk of battery fires and extend the range of electric vehicles.

In December 2021, Factorial Energy received another investment from Mercedes-Benz and Stellantis to promote the research and development and commercialization of solid-state batteries for automobiles.

On January 21, 2022, Factorial Energy, an American solid-state battery start-up company, announced that it has received US$200 million in Series D financing, led by Mercedes-Benz and Stellantis Group. After securing this round of financing, the company attempted to commercialize it.

Company website:https://factorialenergy.com/

If you want to get to know more about the  top battery manufacturers in the word, you can read the top 10 powerwall manufacturers in the world to know more about the home energy storage battery field in our website.

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  1. Top 10 solid-state battery companies in 2022 The Best lithium ion battery suppliers | lithium ion battery Manufacturers – TYCORUN ENERGY

    “” very interesting,Moderator – please read!

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