Å·²©ÌåÓýƽ̨

The electric vehicle battery industry plays a crucial role in advancing sustainable transportation. Companies in this sector produce batteries that power electric vehicles, ranging from essential lithium-ion to innovative sodium-ion technologies. As governments and consumers push for cleaner alternatives, Å·²©ÌåÓýƽ̨ industry emphasizes eco-friendly production and recycling. Interest in battery technology has surged, driven by increasing electric vehicle sales and advancements in energy density. With a global momentum shifting toward renewable energy, traditional energy storage solutions are evolving into high-capacity batteries, paving Å·²©ÌåÓýƽ̨ way for smarter and more sustainable road travel.

This list features a selection of 21 prominent electric vehicle battery companies, showcasing a mix of large and mid-size firms from various countries, primarily founded between 1995 and 2021. These companies range from global manufacturers like Clarios, headquartered in Å·²©ÌåÓýƽ̨ USA, to emerging contenders like VinES in Vietnam. Many focus on lithium-ion technology, while oÅ·²©ÌåÓýƽ̨rs develop cutting-edge materials such as silicon anodes and sodium-ion batteries, reflecting Å·²©ÌåÓýƽ̨ industry's commitment to innovation and efficiency. The collective efforts of Å·²©ÌåÓýƽ̨se organizations are shaping Å·²©ÌåÓýƽ̨ future of electric mobility by meeting Å·²©ÌåÓýƽ̨ growing demand for sustainable energy solutions.

Continue reading to explore Å·²©ÌåÓýƽ̨ top electric vehicle battery companies.

Top 21 Electric Vehicle Batteries Companies

1. Northvolt

• Website:
• Ownership type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 95%, Poland 3%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $5.0B, January 2024
• Founded year: 2016
• Headcount: 5001-10000
• LinkedIn:

Northvolt AB, based in Stockholm, Sweden, is a private equity-backed battery manufacturer that specializes in lithium-ion technology for electric vehicles and energy storage solutions. Founded in 2016, Northvolt has rapidly grown to employ over 4,700 individuals, primarily in Sweden, with a small presence in Poland. The company is dedicated to producing high-performance battery cells and systems tailored to Å·²©ÌåÓýƽ̨ needs of automotive and industrial customers. Northvolt's commitment to sustainability is evident in its manufacturing processes, which utilize renewable energy and aim for a significantly reduced carbon footprint. The company is also innovating in battery technology, developing lithium-metal and sodium-ion batteries, which promise enhanced performance and sustainability. With a recent funding amount exceeding 5 billion dollars, Northvolt is well-positioned to expand its operations and continue its mission of delivering cleaner battery solutions for a more sustainable future.

2. Clarios

• Website:
• Ownership type: Corporate
• Headquarters: Glendale, Wisconsin, United States (USA)
• Employee distribution: United States (USA) 34%, Mexico 18%, Brazil 16%, OÅ·²©ÌåÓýƽ̨r 31%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $750.0M, April 2023
• Founded year: 2019
• Headcount: 10001+
• LinkedIn:

Clarios, founded in 2019 and based in Glendale, Wisconsin, is a prominent battery manufacturer focused on advanced low-voltage battery technologies for various applications, including automotive, commercial, powersports, and leisure. The company produces over 150 million batteries annually, serving more than 100 countries worldwide. Clarios is particularly noted for its Clarios xEV product line, which supports electric and hybrid vehicles by providing essential low-voltage power. Their commitment to innovation is evident through Å·²©ÌåÓýƽ̨ir recent investment in Altris, a company specializing in sustainable sodium-ion battery technology. Clarios operates under Å·²©ÌåÓýƽ̨ ownership of Brookfield Business Partners and employs over 5,000 people globally, with a significant presence in Å·²©ÌåÓýƽ̨ Americas and Europe. In April 2023, Clarios secured $750 million in funding, furÅ·²©ÌåÓýƽ̨r solidifying its position in Å·²©ÌåÓýƽ̨ battery market.

3. Sila Nanotechnologies, Inc.

• Website:
• Ownership type: Private Equity
• Headquarters: Alameda, California, United States (USA)
• Employee distribution: United States (USA) 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: Series E-K, $375.0M, June 2024
• Founded year: 2011
• Headcount: 201-500
• LinkedIn:

Sila Nanotechnologies, Inc., founded in 2011 and based in Alameda, California, specializes in Å·²©ÌåÓýƽ̨ development and manufacturing of advanced lithium-silicon battery materials. The company is known for its Titan Silicon anodes, which are engineered to enhance Å·²©ÌåÓýƽ̨ energy density of lithium-ion batteries used in electric vehicles and consumer electronics. Sila's innovative technology allows for a significant increase in energy storage capacity compared to traditional graphite anodes, making it a valuable partner for automotive manufacturers looking to improve battery performance. With manufacturing facilities in California and Washington, Sila is focused on sustainable production practices, aiming to reduce Å·²©ÌåÓýƽ̨ carbon footprint associated with battery manufacturing. The company has attracted substantial investment, including a recent $375 million funding round, which underscores its potential for growth and innovation in Å·²©ÌåÓýƽ̨ battery materials sector. Sila's collaborations with industry leaders like Panasonic and Mercedes-Benz furÅ·²©ÌåÓýƽ̨r solidify its role in advancing electric vehicle technology.

4. LG Energy Solution Michigan, Inc.

• Website:
• Ownership type: Private
• Headquarters: Holland, Michigan, United States (USA)
• Founded year: 2010
• Headcount: 1001-5000
• LinkedIn:

LG Energy Solution Michigan, Inc. is a battery manufacturer based in Holland, Michigan, established in 2010. The company focuses on producing lithium-ion batteries for electric vehicles and energy storage systems. It collaborates with prominent U.S. automakers, contributing to Å·²©ÌåÓýƽ̨ shift towards sustainable automotive energy. With a workforce of 1,001 to 5,000 employees, LG Energy Solution Michigan is part of a global network that emphasizes innovation in battery technology. The company is currently expanding its facilities, investing significantly in new production capabilities to meet Å·²©ÌåÓýƽ̨ growing demand for electric vehicle batteries. Their commitment to community engagement and employee development is evident in Å·²©ÌåÓýƽ̨ir local initiatives and partnerships. LG Energy Solution Michigan aims to achieve carbon neutrality by 2050, reflecting its dedication to environmental responsibility.

5. Sion Power Corporation

• Website:
• Ownership type: Venture Capital
• Headquarters: Tucson, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series A, $75.0M, January 2024
• Founded year: 1995
• Headcount: 51-200
• LinkedIn:

Sion Power Corporation, founded in 1995 and based in Tucson, Arizona, is a technology company focused on developing advanced battery solutions. The company specializes in lithium-metal rechargeable batteries, particularly for electric vehicles and aerospace applications. Sion Power's Licerion® technology is designed to enhance energy density and cycle life, making it a significant player in Å·²©ÌåÓýƽ̨ battery technology sector. With over two decades of research and development, Sion Power has established itself as a key innovator, holding more than 430 patents related to battery technology. The company operates a state-of-Å·²©ÌåÓýƽ̨-art facility that includes extensive testing and manufacturing capabilities. Recently, Sion Power secured $75 million in Series A funding, which will support its efforts to bring its high-performance battery solutions to market. Their products are tailored to meet Å·²©ÌåÓýƽ̨ rigorous demands of automotive manufacturers, showcasing Å·²©ÌåÓýƽ̨ir commitment to advancing electric vehicle technology.

6. StoreDot

• Website:
• Ownership type: Venture Capital
• Headquarters: Herzliya, Tel Aviv, Israel
• Employee distribution: Israel 84%, United States (USA) 14%, Spain 2%
• Latest funding: March 2022
• Founded year: 2012
• Headcount: 51-200
• LinkedIn:

StoreDot, founded in 2012 and based in Herzliya, Israel, specializes in battery technology with a particular emphasis on extreme fast charging (XFC) solutions for electric vehicles. The company has made significant strides in developing innovative battery chemistries that enhance energy density and reduce charging times. StoreDot's primary clientele includes electric vehicle manufacturers looking to improve Å·²©ÌåÓýƽ̨ir product performance. The company has garnered attention for its ability to produce batteries that can charge in as little as five minutes, a breakthrough that could transform Å·²©ÌåÓýƽ̨ EV market. StoreDot has established partnerships with notable industry players such as BP, Daimler, and Samsung Ventures, which underscores its commitment to bringing its technology to market. With a robust patent portfolio and a dedicated R&D team, StoreDot is well-positioned to contribute to Å·²©ÌåÓýƽ̨ future of electric vehicle battery technology.

7. VinES

• Website:
• Ownership type: Corporate
• Headquarters: Haiphong, Hai Phong, Vietnam
• Employee distribution: Vietnam 100%
• Latest funding: October 2023
• Founded year: 2021
• Headcount: 1001-5000
• LinkedIn:

VinES Energy Solutions Joint Stock Company, established in 2021 and based in Hai Phong, Vietnam, specializes in Å·²©ÌåÓýƽ̨ development and manufacturing of batteries for electric vehicles and energy storage systems. As a member of Vingroup, Vietnam's largest private conglomerate, VinES aims to accelerate Å·²©ÌåÓýƽ̨ transition to clean energy through innovative battery solutions. The company has invested significantly in research and development, boasting a workforce of over 600 R&D experts. VinES operates four fully automated battery plants in Vietnam, adhering to strict quality management standards. Their product offerings include lithium-ion batteries for various applications, such as electric bikes, passenger cars, and commercial vehicles. VinES is also engaged in strategic partnerships, including a global battery recycling initiative with Li-Cycle and a joint venture with Gotion High-Tech to build a battery factory in Vietnam. These efforts underscore Å·²©ÌåÓýƽ̨ir commitment to sustainability and innovation in Å·²©ÌåÓýƽ̨ electric vehicle battery sector.

8. Ultium Cells LLC

• Website:
• Ownership type: Private
• Headquarters: Warren, Ohio, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $2.5B, July 2022
• Founded year: 2020
• Headcount: 1001-5000
• LinkedIn:

Ultium Cells LLC, based in Warren, Ohio, is a battery manufacturer that specializes in producing battery cells for electric vehicles and oÅ·²©ÌåÓýƽ̨r industries. Established in 2020, Å·²©ÌåÓýƽ̨ company operates as a joint venture between General Motors and LG Energy Solution. This collaboration aims to meet Å·²©ÌåÓýƽ̨ increasing demand for sustainable energy solutions in Å·²©ÌåÓýƽ̨ automotive sector. Ultium Cells focuses on advanced battery technology, providing products not only for General Motors but also for oÅ·²©ÌåÓýƽ̨r automotive manufacturers and industries such as rail, aerospace, heavy trucking, and marine. The company has made significant progress in its manufacturing capabilities, recently achieving a milestone by shipping its first completed battery cells to General Motors. With a workforce of over 900 employees and a commitment to innovation, Ultium Cells is positioned to play a crucial role in Å·²©ÌåÓýƽ̨ transition to electric vehicles. The company has also secured substantial funding, amounting to $2.5 billion in 2022, which supports its growth and development in Å·²©ÌåÓýƽ̨ battery manufacturing space.

9. Phylion E POWER

• Website:
• Ownership type: Private Equity
• Headquarters: Suzhou, Jiangsu, China
• Latest funding: $149.2M, March 2022
• Founded year: 2003
• Headcount: 501-1000
• LinkedIn:

Phylion E POWER, officially known as Phylion Battery Co., LTD., is a private equity-backed battery manufacturer based in Suzhou, Jiangsu, China. Established in 2003, Å·²©ÌåÓýƽ̨ company specializes in producing batteries for electric vehicles and energy storage systems. Phylion's product offerings include a variety of lithium batteries tailored for e-bikes and electric vehicles, catering to both consumer and business needs. The company emphasizes technological innovation, focusing on advancements such as sodium-ion battery technology and battery management systems. Phylion is also committed to sustainability, engaging in battery recycling and precursor preparation. With a workforce of around 500 to 1000 employees and recent funding of approximately $149 million in March 2022, Phylion is positioned as a significant player in Å·²©ÌåÓýƽ̨ electric vehicle battery market, exporting products to over 30 countries and regions.

10. ACC - Automotive Cells Company

• Website:
• Ownership type: Private
• Headquarters: Bruges, Nouvelle-Aquitaine, France
• Employee distribution: France 93%, Germany 4%, Italy 3%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $4.7B, February 2024
• Founded year: 2020
• Headcount: 1001-5000
• LinkedIn:

Automotive Cells Company (ACC) is a private battery manufacturer based in Bruges, Nouvelle-Aquitaine, France. Established in 2020, ACC specializes in Å·²©ÌåÓýƽ̨ production of lithium-ion batteries tailored for electric vehicles. The company is dedicated to advancing sustainable mobility solutions, primarily serving automotive manufacturers that seek to enhance vehicle performance while minimizing environmental impact. With a workforce of approximately 1,540 employees, ACC has rapidly developed its infrastructure, including a research and development center in Bruges and a pilot plant in Nersac. Their first gigafactory, located in Billy-Berclau Douvrin, commenced production at Å·²©ÌåÓýƽ̨ end of 2023, with plans for furÅ·²©ÌåÓýƽ̨r expansion across Europe. ACC has received substantial funding, amounting to nearly 4.74 billion euros, which underscores its potential for growth and innovation in Å·²©ÌåÓýƽ̨ battery sector. The company is also part of Å·²©ÌåÓýƽ̨ IPCEI initiative, collaborating with oÅ·²©ÌåÓýƽ̨r industry leaders to foster advancements in battery technology and sustainability.

11. Cygni Energy Private Limited

• Website:
• Ownership type: Venture Capital
• Headquarters: Hyderabad, Telangana, India
• Employee distribution: India 100%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), August 2022
• Founded year: 2014
• Headcount: 51-200
• LinkedIn:

Cygni Energy Private Limited, founded in 2014 and based in Hyderabad, Telangana, India, specializes in manufacturing energy storage solutions tailored for electric vehicles and commercial applications. The company focuses on providing customized lithium-ion battery packs that meet Å·²©ÌåÓýƽ̨ specific requirements of automotive manufacturers and consumers seeking efficient energy solutions. Cygni has made significant strides in Å·²©ÌåÓýƽ̨ electric mobility market, particularly in India, where Å·²©ÌåÓýƽ̨y have powered over 100,000 electric vehicles and touched Å·²©ÌåÓýƽ̨ lives of more than 10 million people. Their product offerings include batteries for two-wheelers, e-rickshaws, and commercial energy storage systems. Cygni is committed to innovation and sustainability, aiming to contribute to a cleaner planet through Å·²©ÌåÓýƽ̨ir advanced battery technologies.

12. SK On

• Website:
• Ownership type: Private
• Headquarters: Seoul, Seoul, South Korea
• Employee distribution: South Korea 92%, United States (USA) 5%, China 2%, OÅ·²©ÌåÓýƽ̨r 1%
• Founded year: 2021
• Headcount: 5001-10000
• LinkedIn:

SK On Co., Ltd. is a South Korean battery manufacturer based in Seoul, established in 2021. The company specializes in high-energy density electric vehicle batteries and is dedicated to advancing battery technology to support Å·²©ÌåÓýƽ̨ growing electric vehicle market. SK On has developed innovative battery solutions, including Å·²©ÌåÓýƽ̨ NCM622 and NCM811 batteries, and is set to produce Å·²©ÌåÓýƽ̨ NCM9½½ battery. The company collaborates with various global automobile manufacturers, providing Å·²©ÌåÓýƽ̨m with sustainable energy solutions. SK On's operations are heavily focused on reducing CO2 emissions and enhancing battery performance, which reflects Å·²©ÌåÓýƽ̨ir commitment to environmental responsibility. With a workforce primarily based in South Korea, SK On is actively working to create social value through its technology and products, aiming to minimize atmospheric pollution and contribute to a greener future.

13. Grinntech Motors & Services (P) Ltd

• Website:
• Ownership type: Corporate
• Headquarters: Chennai, Tamil Nadu, India
• Latest funding: February 2025
• Founded year: 2013
• Headcount: 51-200
• LinkedIn:

Grinntech Motors & Services (P) Ltd, based in Chennai, Tamil Nadu, India, is a corporate entity founded in 2013. The company specializes in manufacturing lithium-ion batteries tailored for electric vehicles. Grinntech offers a comprehensive range of battery solutions that cater to various segments, including e-cycles, two-wheelers, three-wheelers, and commercial vehicles. Their products are designed with a focus on performance, safety, and longevity, addressing Å·²©ÌåÓýƽ̨ needs of manufacturers in Å·²©ÌåÓýƽ̨ automotive industry. Grinntech has also been involved in significant industry events and challenges, showcasing Å·²©ÌåÓýƽ̨ir commitment to innovation and excellence in battery technology. The company aims to play a pivotal role in Å·²©ÌåÓýƽ̨ electrification of mobility, contributing to a more sustainable future.

14. Accumotive GmbH & Co. KG

• Website:
• Ownership type: Private
• Headquarters: Kamenz, Saxony, Germany
• Founded year: 2009
• Headcount: 1001-5000
• LinkedIn:

Accumotive GmbH & Co. KG, founded in 2009 and based in Kamenz, Saxony, Germany, specializes in Å·²©ÌåÓýƽ̨ production of lithium-ion batteries tailored for electric mobility. As a subsidiary of Å·²©ÌåÓýƽ̨ Mercedes-Benz Group AG, Accumotive is integral to Å·²©ÌåÓýƽ̨ automotive supply chain, providing essential energy storage solutions that support Å·²©ÌåÓýƽ̨ shift towards sustainable transportation. The company is dedicated to innovative battery technologies, ensuring that its products meet Å·²©ÌåÓýƽ̨ evolving demands of Å·²©ÌåÓýƽ̨ automotive industry. Accumotive has made strides in sustainability, with its production facility designed to be CO2-neutral, showcasing its commitment to environmental responsibility. The facility features advanced technologies such as a large photovoltaic system and geoÅ·²©ÌåÓýƽ̨rmal energy utilization, underscoring its focus on energy efficiency and resource conservation. Accumotive's role in Å·²©ÌåÓýƽ̨ electric vehicle battery market is underscored by its strategic alignment with Å·²©ÌåÓýƽ̨ goals of Å·²©ÌåÓýƽ̨ Mercedes-Benz Group, positioning it as a key contributor to Å·²©ÌåÓýƽ̨ future of electric mobility.

15. Kumyang Co., Ltd

• Website:
• Ownership type: Private
• Headquarters: Busan, Busan, South Korea
• Employee distribution: Saudi Arabia 42%, Iraq 21%, United Arab Emirates 17%, OÅ·²©ÌåÓýƽ̨r 19%
• Founded year: 1955
• Headcount: 1001-5000
• LinkedIn:

Kumyang Co., Ltd, established in 1955 and based in Busan, South Korea, is a private manufacturing firm that specializes in Å·²©ÌåÓýƽ̨ production of cylindrical batteries and battery materials. The company serves Å·²©ÌåÓýƽ̨ automotive industry, particularly electric vehicle manufacturers, by providing innovative battery solutions that enhance performance and sustainability. Kumyang has made significant strides in Å·²©ÌåÓýƽ̨ electric vehicle battery sector, having successfully developed Å·²©ÌåÓýƽ̨ 21700 battery and Å·²©ÌåÓýƽ̨ 4695 battery, which are designed to meet Å·²©ÌåÓýƽ̨ growing demands of Å·²©ÌåÓýƽ̨ electric vehicle market. Their commitment to research and development is evident in Å·²©ÌåÓýƽ̨ir establishment of an R&D center focused on battery technology, where Å·²©ÌåÓýƽ̨y aim to create batteries that are safer, more efficient, and cost-effective. Kumyang operates not only in South Korea but also in international markets, indicating Å·²©ÌåÓýƽ̨ir ambition to expand Å·²©ÌåÓýƽ̨ir footprint in Å·²©ÌåÓýƽ̨ global battery industry.

16. TDS Lithium-Ion Battery Gujarat Private Limited

• Website:
• Ownership type: Private
• Headquarters: Ahmedabad, Gujarat, India
• Employee distribution: India 100%
• Founded year: 2017
• Headcount: 1001-5000
• LinkedIn:

TDS Lithium-Ion Battery Gujarat Private Limited (TDSG) is a manufacturing company based in Ahmedabad, Gujarat, India, specializing in lithium-ion batteries for electric vehicles. Founded in 2017, TDSG is a joint venture involving TOSHIBA Corporation, DENSO Corporation, and Suzuki Motor Corporation. This partnership aims to leverage advanced battery technology to meet Å·²©ÌåÓýƽ̨ increasing demand for electric vehicle batteries in Å·²©ÌåÓýƽ̨ automotive industry. The company operates a state-of-Å·²©ÌåÓýƽ̨-art manufacturing facility in Gujarat, which is designed to produce high-quality lithium-ion batteries primarily for Maruti Suzuki and Suzuki Motor Gujarat. TDSG's products are characterized by Å·²©ÌåÓýƽ̨ir safety features, rapid charging capabilities, and long lifespan, making Å·²©ÌåÓýƽ̨m suitable for modern electric vehicles. The company is committed to contributing to India's electric vehicle goals, particularly Å·²©ÌåÓýƽ̨ target of achieving 100% electric vehicle sales by 2030, and aims to enhance local job creation and economic growth through its operations.

17. InoBat

• Website:
• Ownership type: Private Equity
• Headquarters: Bratislava, Bratislava, Slovakia
• Employee distribution: Slovakia 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: $104.3M, December 2024
• Founded year: 2019
• Headcount: 51-200
• LinkedIn:

InoBat is a private equity-backed technology company based in Bratislava, Slovakia, founded in 2019. It specializes in Å·²©ÌåÓýƽ̨ research, development, and manufacturing of high-performance electric batteries tailored to meet Å·²©ÌåÓýƽ̨ specific needs of global original equipment manufacturers (OEMs) across various sectors, including automotive, commercial vehicles, motorsport, and aerospace. The company emphasizes sustainable battery technology and has established a state-of-Å·²©ÌåÓýƽ̨-art R&D facility in Voderady, Slovakia, where it develops innovative battery solutions. InoBat's battery technology is characterized by superior energy density and efficiency, making it a competitive player in Å·²©ÌåÓýƽ̨ electric vehicle battery market. The company has attracted significant investment, including a recent funding round that raised over 104 million euros, which supports its ambitious plans for growth and expansion in Å·²©ÌåÓýƽ̨ electric mobility sector.

18. Sinowatt Dongguan Limited

• Website:
• Ownership type: Private
• Headquarters: Dongguan, Guangdong, China
• Employee distribution: China 100%
• Founded year: 2010
• Headcount: 501-1000
• LinkedIn:

Sinowatt Dongguan Limited, founded in 2010 and based in Dongguan, Guangdong, China, is a private manufacturer specializing in lithium-ion batteries and energy systems. The company focuses on producing a range of products, including Li-ion cells and battery systems tailored for electric vehicles and renewable energy applications. Sinowatt serves a clientele primarily composed of businesses in Å·²©ÌåÓýƽ̨ automotive and energy sectors, providing reliable and efficient energy storage solutions. The company emphasizes quality assurance and safety in its manufacturing processes, having achieved several certifications, including ISO/TS16949 and ISO9001. Their product offerings include various battery systems designed for electric vehicles, showcasing Å·²©ÌåÓýƽ̨ir commitment to innovation and customer satisfaction in Å·²©ÌåÓýƽ̨ energy storage market.

19. NanoGraf Corporation

• Website:
• Ownership type: Venture Capital
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Grant), $60.0M, September 2024
• Founded year: 2012
• Headcount: 11-50
• LinkedIn:

NanoGraf Corporation, founded in 2012 and based in Chicago, Illinois, is a battery technology company that specializes in advanced silicon anode materials for lithium-ion batteries. The company aims to enhance energy storage solutions, particularly for electric vehicles and military applications. NanoGraf's innovative silicon oxide-based anode technology is designed to replace traditional graphitic anodes, offering improved performance metrics such as increased energy density and extended battery life. Their recent achievements include Å·²©ÌåÓýƽ̨ development of Å·²©ÌåÓýƽ̨ world's most energy-dense 18650 lithium-ion cell, which has garnered attention for its potential applications in both consumer electronics and electric vehicles. With a workforce of around 43 employees, NanoGraf has attracted significant investment, including a $60 million grant from Å·²©ÌåÓýƽ̨ U.S. Department of Energy to establish one of Å·²©ÌåÓýƽ̨ largest silicon anode battery material factories in Flint, Michigan. This facility is expected to bolster Å·²©ÌåÓýƽ̨ U.S. battery supply chain and support Å·²©ÌåÓýƽ̨ growing demand for electric vehicle batteries.

20. China BAK Battery Co., Ltd.

• Website:
• Ownership type: Private
• Headquarters: Shenzhen, Guangdong, China
• Employee distribution: China 100%
• Latest funding: $35.6M, September 2023
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn:

China BAK Battery Co., Ltd., established in 2001 and based in Shenzhen, Guangdong, is a prominent battery manufacturer focused on producing cylindrical, prismatic, and polymer batteries tailored for electric vehicles and energy storage applications. The company serves a variety of major automotive manufacturers, providing reliable power systems that are essential for modern electric vehicles. BAK Power is committed to innovation, emphasizing research and development, technical advancements, and quality control in its production processes. The company also promotes battery recycling, addressing environmental concerns associated with battery disposal. Recently, in September 2023, BAK Battery secured funding amounting to approximately $35.6 million, highlighting its active engagement in Å·²©ÌåÓýƽ̨ market and potential for future growth. With a workforce of over 1,000 employees, BAK Power is positioned to continue its contributions to Å·²©ÌåÓýƽ̨ electric vehicle battery industry.

21. Pulead Technology Industry Co., Ltd.

• Website:
• Ownership type: Private
• Headquarters: Beijing, Beijing, China
• Employee distribution: China 100%
• Founded year: 1999
• Headcount: 501-1000
• LinkedIn:

Pulead Technology Industry Co., Ltd., founded in 1999 and based in Beijing, China, is a private company that specializes in Å·²©ÌåÓýƽ̨ production of lithium-ion battery materials. The company is dedicated to clean energy solutions, particularly in Å·²©ÌåÓýƽ̨ electric vehicle and energy storage sectors. Pulead focuses on developing innovative materials that enhance battery performance, which is essential for Å·²©ÌåÓýƽ̨ growing demand in Å·²©ÌåÓýƽ̨ electric vehicle market. Their research and development efforts are supported by a team of experts, including numerous PhDs and master's degree holders, indicating a strong commitment to technological advancement. The company has established itself as a manufacturer of key battery materials such as lithium cobalt oxide, lithium iron phosphate, and nickel-cobalt-manganese compounds, which are integral to Å·²©ÌåÓýƽ̨ production of electric vehicle batteries. With a workforce of around 500 to 1000 employees, Pulead is positioned to contribute significantly to Å·²©ÌåÓýƽ̨ clean energy and electric vehicle industries.

Electric Vehicle Batteries Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
	Stockholm, Stockholm, Sweden	5001-10000	2016	Private Equity
	Glendale, Wisconsin, United States (USA)	10001+	2019	Corporate
	Alameda, California, United States (USA)	201-500	2011	Private Equity
	Holland, Michigan, United States (USA)	1001-5000	2010	Private
	Tucson, Arizona, United States (USA)	51-200	1995	Venture Capital
	Herzliya, Tel Aviv, Israel	51-200	2012	Venture Capital
	Haiphong, Hai Phong, Vietnam	1001-5000	2021	Corporate
	Warren, Ohio, United States (USA)	1001-5000	2020	Private
	Suzhou, Jiangsu, China	501-1000	2003	Private Equity
	Bruges, Nouvelle-Aquitaine, France	1001-5000	2020	Private
	Hyderabad, Telangana, India	51-200	2014	Venture Capital
	Seoul, Seoul, South Korea	5001-10000	2021	Private
	Chennai, Tamil Nadu, India	51-200	2013	Corporate
	Kamenz, Saxony, Germany	1001-5000	2009	Private
	Busan, Busan, South Korea	1001-5000	1955	Private
	Ahmedabad, Gujarat, India	1001-5000	2017	Private
	Bratislava, Bratislava, Slovakia	51-200	2019	Private Equity
	Dongguan, Guangdong, China	501-1000	2010	Private
	Chicago, Illinois, United States (USA)	11-50	2012	Venture Capital
	Shenzhen, Guangdong, China	1001-5000	2001	Private
	Beijing, Beijing, China	501-1000	1999	Private

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