Lithium-ion battery is estimated to be the fastest-growing energy storage technology. Following the “green” recovery initiative, Lithium-ion manufacturing has been prospering in the energy and utility markets.
Most recently, the European battery makers are aiming to establish themselves in this market.
“These markets are of billions of dollars. We see a very big opportunity there, because we see lithium-ion producers, especially from China, being focused on EVs,” said Lampros Bisalas (Chief Executive at Sunlight).
Why manufacturers prefer Lithium-ion batteries?
A lithium-ion battery or Li-ion battery is a type of rechargeable battery. These batteries are commonly used for portable electronics and electric vehicles and are growing in popularity for military and aerospace applications.
Why are these batteries environment-friendly?
These batteries are less hazardous for the environment too. The Li-ion batteries comprise of less toxic metals as compared to other types of batteries. Li-ion battery elements include iron, copper, nickel, and cobalt, which are also considered safe for incinerators and landfills.
The elements included in the Li-ion battery can be recycled. However, mining is considered to be more cost-effective. Since 2018, recycling yield has increased significantly, besides the recovering of lithium, manganese, aluminum, the organic solvents of the electrolyte and graphite is possible at industrial scales.
Here is a list of the top 5 Lithium-ion battery manufacturers that are prominent in the market:
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Leclanché
Established in 1909, Leclanché is the oldest Li-ion battery manufacturer. It designs and manufactures proprietary G-NMC/LTO cells, modules, and packs within its European facilities. These batteries can be used in Marine, Bus, Truck, Construction & Agriculture, GSE, Rail, Stationary & Specialty.
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BMZ
The BMZ Group develops and produces high-tech battery systems, since 1994. These batteries are installed worldwide in the most diverse products of well-known brands. The Lithium-ion batteries are utilized for e-buses, e-forklifts, e-vehicles like Streetscooter, e. Go, KION, and Eurabus.
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LG Chem
Incorporated in 1995, the LG Chem— also referred to as LG Chemical—is the largest Korean chemical company and is HQ in Seoul, South Korea. It was the 10th largest chemical company in the world by sales in 2017.
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A123 Systems
A123 Systems is a developer and manufacturer of lithium iron phosphate and lithium-ion batteries and energy storage systems. The company was founded in 2001. The batteries manufactured can be used for motorcycles, general motors, electric trucks, BMW ActiveHybrid 3 and 5 hybrid vehicles, Mercedes-Benz High-Performance Engines (F1 racing kinetic energy recovery system, Buckeye Bullet land-speed racer, etc.
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Targray
Founded in 2010, Targray Technology International Inc., commonly referred to as Targray, is a Canadian multinational materials distributor HQ in Kirkland, Quebec. It is the major international supplier of advanced materials for EV battery manufacturing and R&D. Notable products include cathode materials, anode materials, electrolyte, electrodes, metal foils, binders, battery packaging materials, and lithium-ion cells.
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