Marine batteries for electronics, starting outboards and powering 24-volt or 36-volt trolling motors have come a long way in the last 20 years. Where we basically had a cranking battery and a deep cycle lead acid battery for our trolling motors, now we have a plethora of options from AGMs to Lithium and of course still lead acids. The marine batteries of today are some of the best trolling motor batteries and best marine electronics batteries we’ve ever had at our disposal.
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With all this new technology in batteries, especially around lithium options, it’s created a lot of misinformation and made it more complicated to find the right battery for your setup and budget. This piece will share a ton of hands-on experience on the best marine batteries and trolling motor batteries out there today and how each one and each company handles their batteries. We will give you a bunch of good options you can trust.
We have also interviewed several of the engineers for today’s batteries and will follow up with a comprehensive guide to lithium power in another piece shortly. In addition, we have individual reviews of each battery coming shortly as well.
Best Selection of Lithium Marine Battery Options
Of all the lithium options out there, we have the most experience with Dakota Lithium. I have run Dakota Lithiums for the last two years. I have used the 12V 100AH batteries and have charged them with both the Dakota Lithium 10A charger and the Minn Kota MK550PCL LiFePO4 compatible charger. Our team in Minnesota has run multiple configurations of Dakota Lithiums on the ice, in boats and in kayaks.
What we have loved is how well these batteries manage their power and how consistent they always are. I have tested them to several extremes: fishing hard on hot above 100-degree days as well as fishing on below freezing days. I’ve gone up to four trips without charging them and had them finally go to sleep on my fifth trip. And I’m always able to wake them easily by just plugging them up to their Dakota 12V charger.
The best part is I now charge them after every use and they are never below 75% on my trolling motor batteries or my electronics battery. They are charged and ready to rock in under an hour most days. It’s pretty incredible how well they hold up and provide clean, consistent power. Additionally, they make some great lithium chargers in 12V, 24V and 36V options.
Dakota Lithium has been providing stable lithium power for longer than a lot of other brands, and their batteries are some of the most proven in a wide plethora of applications. They offer some of the most robust options as well as, considerably, the widest array of options to fit any scenario or need you could have in fishing. Even their smaller batteries are solid choices for kayak fishing and ice fishing applications as we’ve used them a bunch for both.
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Buy at Walmart.com
Buy at Amazon
Buy at FishUSA
Best Dual Cranking and Electronics Battery / Best Service
Millertech is one of the more impressive lithium battery options out there with more than 15 different options of lithium batteries for anglers and boaters with more in design now. They have a battery to fit every application a fisherman may need. Their prices range from $329 up to $1,499 covering a lot of bases in batteries that will last you 5-10 years, sometimes much longer depending on usage.
We spent a lot of time testing their batteries in a variety of situations from powering electronics, starting an outboard and powering a trolling motor. Their battery management system (BMS) is very well designed, and we never encountered the first problem. It hardly seemed that the batteries even got drained down. I ran the Millertech Dual Purpose 12V 135Ah lithium battery for several trips without charging and it was still more than 50% charged. A very impressive battery to say the least.
The battery is rated at 1,500 cold cranking amps, which is not really a thing in lithium power, but it’s more than enough to start an outboard. What you actually need to start an outboard is so many continuous amps for a number of seconds. Say, 5 seconds. So say 20 amps at 5 seconds. This battery has 200 continuous amps. Now keep in mind, you might not want to get this as a cranking battery if you have an engine where it voids the warranty, like Yamaha. However, you can for sure with a Mercury outboard and probably other brands as well. So it’s more than enough to crank your outboard and power your graphs all day long.
We’ve also tested the 24V 80Ah battery as a single battery for a 24-volt trolling motor, and it’s been super impressive as well. The batteries are extremely well made, manage power terrifically and charge fast. We are reassured that any issue that might come up will be handled swiftly.
What you really pay for in this battery are the quality components and build and the service and hassle free warranty. This is where Millertech really shines. They believe that is where they excel. They are making batteries to last a long time, but they are standing behind them with a no-hassle, long-term warranty with quick, immediate service. We talked to the owner Lester Miller about this recently.
“All of the top lithium battery makers are using the best cells,” Miller said. “Can I make a battery better than the other guys? Probably not if we are all using the best available stuff. But what I can do is make sure if you have a problem, I take care of it. And if you dial our phone for support, someone answers immediately. If you spend a lot of money on a lithium battery, someone better pick up the phone when you call and need them. That’s what we’re focused on. Building the best, smartest batteries possible that fit the actual needs of anglers, and then being there if they need us or just have a question about the best way to maintain their battery.”
Full disclosure, we know a lot about lithium power now thanks in large part to spending time learning from the engineers at these companies and owners like Lester Miller. This is one of the best batteries we have tested thus far. Read the full spec sheet here.
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BUY AT MILLERTECH
Best Kayak Fishing Battery
I’ve fished a bunch of days out of a kayak with a Motorguide Xi3 trolling motor with this battery and I love it. It charges fast, holds a charge a long time and provides ample power for all day trolling around in a big 13-foot kayak. It’s built with precision waterproofing, vibration controls and fire suppression technology. One of the worst things for a lithium battery is water on the cells and keeping water out of batteries in an environment prone to be more watery is an important feature. Higher peak discharge means it also has stronger starting power. But for running a graph or a trolling motor all day on a small boat or yak, this battery is hard to beat.
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Buy at BassPro.com
Best Kayak Fishing Battery
Compact. Light. Powerful. These are all reasons we rated this as a top choice for Fishing Kayaks. I have been running the ZPRO Lithium 12V 50Ah battery in my Jackson Kayak Byte FD to power my Livescope and 9-inch graph. It’s impressive how good my screen looks and how it’s good all day. The battery charges quickly at the end of the day as well. ZPRO has done a lot of testing and provides a lot of options that fit a wide variety of fishing applications from kayak batteries to full 36-volt trolling motor solutions and everything in between.
The 12V 50Ah comes with a handy app that tells you how each individual cell is doing as well as operating temperature, voltage levels and a lot more! It’s one of the better apps for these bluetooth battery options we’ve tested. We also got the 10AMP charger for $79. It charges the battery fast enough to be back on the water in about 4 hours.
I keep mine in the YakAttack BackPak Pro Krate along with my Livescope module. I can take the whole crate out and charge and travel with ease. Then I can fasten the crate to my Kayak to keep my battery secure on the water. The ZPRO Lithium 12V 50Ah has been a perfect kayak solution for me.
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BUY AT ZPRO LITHIUM
Best Electronics Dedicated Battery
A relative newcomer to the Marine Battery market, the Precision Power has been testing for more than 2 years behind the scenes, putting their battery through every possible scenario through a network of anglers and using that feedback to perfect the control board and algorithms of their lithium battery prior to release. Their engineer has arguably some of the most extensive knowledge and background in lithium power of anyone in the industry. They are moving slowly and cautiously to understand how lithium power is needed in fishing boats and what issues anglers constantly face with power in boats to best address these concerns with the best batteries on the market. Several batteries are in development now that they have done the ground work on what is missing and needed in lithium power for marine applications.
All of this is in an effort to make sure fishermen feel confident they are getting a well made, solid battery at the price. It is IP66 rated for waterproof build. The death knell of lithium power is water. So keeping water off the cells is paramount. Where most folks run into trouble is charging a really cold battery, and the heat builds up condensation inside the battery. These batteries have a slick display panel for the status of the battery and an app on Android. The Apple app is going through final stages of approval.
The batteries have a 5-year full warranty and a 10-year limited warranty. Customer service is what they pride themselves on. Working at all hours of the night to help fishermen make sure they are good to go the next morning for an early tournament. They are also currently developing other options so their lineup will continue to expand after perfecting this first battery for marine electronics—their bread and butter knowledge base.
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Buy at Precision Sonar
Most Powerful Electronics Battery / Best Bluetooth App
The voltage is probably what stood out to you on the list, as it should. This is actually a great differentiator and what sets this marine battery apart from its counterparts. This was the first, and one of just a couple, 16V lithium multi-cell marine battery options on the market. While some of you are worried about it blowing up your graphs, it’s actually the opposite. Many guys have been powering their Livescope box with jimmy-rigged cordless drill batteries that are 16 volts. Today’s modern electronics are power hogs and actually want more than 12-volts. Increased power allows you to have a cleaner image, especially on live imaging and forward-facing technologies.
Terry Brown has been running the PowerHouse Lithium battery system in his boat and raves about how clear and bright his graphs are while fishing all day without any interference or stepping down while the motor is in use. He paired it with a PowerHouse Lithium Run and Gun 16V Charger so he can charge his batteries on the water and off.
PowerHouse Lithium offers good warranties that include full replacement for the first 7 years. At 7-10 years, it is repair or replacement, whichever is necessary. They also offer the only additional extended offer past 10 years where at 11-15 years you can still get a 30% discount on buying your replacement if you are the original owner as a reward for being a loyal customer.
Their service is some of the fastest and preventative in the industry. Their app checks for potential problems on a constant basis with the battery. The app will report a slight degradation in any cell, so you can file a claim and get a replacement quickly BEFORE YOUR BATTERY DIES. You don’t even have to send the battery back for verification, you simply send the app screenshot of the cell in question and they ship your replacement, sometimes same day if filed early enough. Customers in Zone 1 or 2 will have a new battery the next day and usually 2-3 days for everyone else. You might not even experience any downtime.
This is another solid brand doing some unique things with lithium marine power.
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BUY AT OMNIA FISHING
Reliable 36V System
These came in late in our testing, so they have not been in our boats as long as some others. I am super impressed with the RELiON 36V 40Ah system. I’m currently running the 36V 40Ah battery in parallel with another one and getting 80Ah on my 36V system. These batteries are powerhouses. You get a 38.4V system 1536Wh per battery with a capacity of 40Ah and you can run the system in parallel to double your amp hours.
What many folks don’t know is that 36V controllers are made to work in 36V environments and give you way more leeway in one battery degrading your whole system. First, you have to understand in parallel or series systems, when one battery goes down, the whole thing is down. You’re only as good as your worst battery.
With a 12V battery you have 4 cells at roughly 3.2V or something like that to get you to 12.8V. So if one of those cells gets close to its shutoff level, the whole battery is dead. This gives you less leeway in that shutoff threshold. However, if you have a 36V system you have a lot more leeway with one cell shutting down the battery. Ultimately, 36V systems in parallel are actually a better choice for anglers than three 12V batteries in a series. Your 12-volt batteries have 12V controllers and are somewhat limited on managing a 36V system. A 36V controller is way better equipped to handle your 36V power environment in each battery and as a system.
The RELiON 36V 40Ah batteries impressed me with their power. I ran a trolling motor the other day on a windy day for about 4 hours. When I got off the water and checked the charge (part of my testing), I had used hardly anything for power. I hooked it up to my 36V 18A Dakota Lithium Charger, and in 8 minutes my batteries were fully charged. Now, granted, a Garmin Force is very good at managing power consumption when on Anchor Lock. I was doing that a lot and used almost nothing out of my RELiON system. I have a lot of examples of this. I’m somewhat amazed how little these RELiON batteries have to be charged. An hour on my charger most days, and the system is fully charged again.
It’s some of the cleanest power I’ve used. This battery is $1,089 which lands it middle of the road for other comparable 36V lithium batteries with similar amp hours. Not the best but not the worst either. They are part of the Navico group so if you’re a Lowrance guy, they are being optimized for those systems. They power my Garmin system equally well. Lastly, they don’t make chargers so you will need a lithium charger of your own.
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BUY AT AMAZON
BUY AT WEST MARINE
Reliable 36V and 12V options
Wired2fish Associate Editor Sam Hanggi switched over to all lithium batteries a few years ago. Currently he runs the 12.8-volt, 160-amp hour Impulse Lithium as both a cranking battery and to run all five of his graphs. He also runs two 36.8-volt, 40-amp hour Platinum Series Impulse Lithium batteries for his Ghost trolling motor. He charges all of his Impulse Lithium batteries using the Power-Pole Charge.
Not only did he go from 5 lead acid batteries to three lithiums, but he went from 300 pounds to 91 pounds in his battery compartment with these Impulse Lithiums.
He has been testing these batteries for a while. The 12.8V 160Ah Impulse Lithium battery will run 5 graphs, plus Humminbird 360 and Active Target 2 modules, all day for several days before needing to charge. It also has plenty of continuous cranking amps to fire a Mercury 250 PRO XS 4-stroke without fail. They charge quickly and hold a charge well with a good lithium charger.
Impulse Lithium also offers a full, 10-year (non-prorated) warranty on their batteries. Read our full review on Impulse Lithium 12.8V and 36.4V batteries.
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BUY FROM IMPULSE LITHIUM
Best Budget Lithium Battery
We took a chance on the Goldenmate battery after seeing it on Amazon. They reached out to us, and we agreed to test it to see if one of these lower priced Amazon batteries was as good as the rest. I have to say, we have been very pleased with this battery thus far, especially at $295 (discount for W2F readers). It has a great digital read out on top, as you charge it. It has a bluetooth app that connected quickly and kept me informed on the battery through my testing. I charged it with a 10A 12V LiFePO4 charger, it charged fast and the charger shut off correctly. We used it as our electronics battery; I was also able to fish 4 trips with it before having to charge it again. So it has a good run time.
I actually expected to have issues as there are so many off-brands on Amazon, that it’s sometimes difficult to tell the good ones from the less reputable ones. The Goldenmate Orion 1000 has been nothing short of impressive to me. Obviously longevity is the question here as is service. So I will continue testing that more and report back. They use grade A cells, and the warranty is 5 years for manufacturer defects. They report that you will get 10 years or 3,000 to 5,000 cycles. Even after that period you will still get 75% to 80% of the battery’s rated capacity as it slowly degrades after 10 years. Service is also said to be “within 24 hours” so it won’t be instant and quick like the more prominent brands.
I give this battery a thumbs up. It was my most pleasant surprise in the group as a lesser known brand. Goldenmate is offering our readers a discount on their batteries as well.
If you buy direct from Goldenmate on the button below, you can use code WIRE2FISH to SAVE 30% on their site. Use this code: 786Q9JNH to save 5% on the Amazon link below.
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BUY AT AMAZON Discount Code: 786Q9JNH
BUY AT GOLDENMATE Discount Code: WIRE2FISH
Best Budget Lead Acid Battery
I ran the Walmart Everstart Batteries for more than a decade without a single problem. I had 3 of those 29 series Deep Cycle batteries last me more than 5 years. The fact that you can pay roughly $100 and get a battery to power your stuff for 5 years is a pretty darn good deal in my opinion. I still use an Everstart Marine battery for my cranking battery because all it does is start the boat and run my livewells.
These are simple, no-nonsense lead acid batteries. They will degrade over time and not put out as much power in the latter years. However, they are easy to keep charged if left on a trickle charger or charged right after use. They come with a 2-year, free-replacement warranty. I’ve even had them prorated if brought back in year three, which is when they start to degrade. This battery also has 845 MCA to start your outboard. Although it’s made specifically for marine deep cycle use.
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BUY AT WALMART
When it comes to marine batteries or trolling motor batters, you have your typical 12-volt lead acid batteries, AGM (or Gel Mat) batteries and you have lithium batteries (LiFe PO4). These can be used to start an outboard, power lights and pumps, power multiple electronics and fish finders and run a 12, 24 or 36-volt trolling motor. One of the key components are that the batteries are waterproof. The batteries need to provide ample energy and duration to power your various needs on the boat or kayak and, the batteries need to do so for many years. Obviously there is a tradeoff between price and longevity. When it comes to technologies like lithium batteries, you pay more for service, support and warranty as well as improved information about your battery through bluetooth apps and on-battery displays.
The two main things you need to know before purchasing a marine battery are your budget and your power needs. You can rough estimate some of it. But you can also power to cover your bases. A 12-volt lead acid battery that is a 31 series will have a bit longer run time than a lead acid battery that is a 24 series. They will also generally have more continuous cranking amps to start an outboard multiple times throughout a day of fishing. Likewise, a 12V 160Ah battery is going to be able to run more electronics for a longer period than, say, a 12V 40Ah battery will. Start to game it out by asking yourself simple questions like the following:
When you have a rough idea how much power you draw and how long you draw it you can figure out what setup you need. The best battery manufacturers will provide the best service to help you pick the exact right batteries for your personal setup, not just try to sell you the most expensive battery.
We will also be providing an in-depth guide for choosing the right lithium power options for marine/fishing applications very soon to remove a lot of the myths around lithium power and help you be very comfortable with running lithium batteries. There seems to be as much misinformation out there as correct information and too many people trying to make lithium power work like lead acid batteries work.
I, along with the other editors at Wired2fish, spent an inordinate amount of time testing all of the batteries in various scenarios, recording their usage and data, monitoring battery behavior over days of use, testing in different boats, kayaks and more. We will be adding a comparison table shortly to quickly look at all the batteries side by side as well. You can trust that we don’t just list what’s popular.
We only share information on equipment we have used and fished with. There is not a single battery in this guide that we have not used and tested. A lot of other guides might just go off of Amazon sales or something similar. We won’t do that. We have spent months testing to put together the best resource for anglers. We want to make sure there is as much hands-on information in real-world applications for anglers to make the best decisions they can on how they spend their money.
Top 15 Lithium Ion Battery Manufacturers in 2024
Amidst the global surge in electrification and the rise of the energy storage market, lithium batteries, which play a pivotal role, are experiencing explosive demand growth. Consequently, driven by this demand, the expansion footprint of lithium battery companies has been spread globally at a brisk pace.
On the whole, the global lithium-ion battery production capacity surpassed 2,000GWh in 2022 and is expected to maintain a 33% compound annual growth rate over the next four years, achieving over 6,300GWh of production capacity by 2026.
In terms of distribution, Asia’s lithium battery production capacity took an absolute lead in 2022, accounting for 84% of the total capacity, and is anticipated to continue this dominant position over the next four years.
Meanwhile, Europe and the Americas, as the other two major consumer markets for new energy vehicles, are fostering domestic battery industry chain development through encouraging policies.
Regionally, Asia had the highest growth rate in capacity in 2022, reaching 77%, followed by the Americas and Europe. At the same time, to stimulate domestic lithium battery industry chain development, the U.S. and the European Union have successively enacted policies in recent years, encouraging battery companies to expand into Europe and America.
Considering the construction and release cycle of production capacity in Europe and America, 2025 will be the peak release time for their capacity, with the growth rate reaching its zenith that year.
Country-wise, the top five nations for lithium-ion battery production capacity in 2022 were China, the U.S., Poland, Sweden, and South Korea. Together, these five countries accounted for 93% of the total production capacity, demonstrating a highly concentrated market landscape.
With the development of global, lithium ion battery palys an important role in our daily life. It can be applicated in home energy storage/Robotic/AGV/RGV/medical equipment/Industrial Equipment/solar energy stoage etc. (Want to understand the advantages of lithium batteries over lead acid? Continue reading our next article for an in-depth comparison.)
Lithium Ion Manufacturers
Some of the top 10 lithium-ion battery manufacturers in the world include:
1.CATL (Contemporary Amperex Technology Co., Limited)
CATL is a global leader in lithium-ion battery development and manufacturing for electric vehicles and energy storage systems, as well as battery management systems (BMS). CATL is the biggest lithium-ion battery manufacturer for EVs in the world, producing 96.7 GWh of the global 296.8 GWh, up 167.5% year on year.
Key Points About CATL:
2. LG Energy Solution, Ltd.
LG Energy Solution, Ltd is a battery company headquartered in Seoul, South Korea, which is the only one of the world’s top four battery companies with a background in chemical materials.LG Chem produced Korea’s first lithium-ion battery in 1999 and succeeded in supplying automotive batteries for General Motors, Volt in the late 2000s. Then, the company became a battery supplier to global car makers, including Ford, Chrysler, Audi, Renault, Volvo, Jaguar, Porsche, Tesla and SAIC Motor.
Newest Battery Technology
LG Energy Solution is set to present its next-generation home battery solutions. Although specific details are not provided in the sources, this move emphasizes the company’s dedication to cutting-edge battery technology that can revolutionize the residential energy storage sector. Keep an eye out for updates on these exciting developments.
Production Capacity Expansion
LG Energy Solution is actively expanding its production capacity. Notably, the company is investing $5.5 billion in the U.S. for battery plants. This significant investment aims to address the increasing demand for electric vehicle (EV) batteries and renewable energy storage solutions, contributing to the sustainable future of clean energy.
Collaboration with Automotive Giants
Link to Energyland
LG Energy Solution’s significance in the EV industry is evident from its partnership with automakers like Tesla. The company has ambitions to produce new battery cells for Tesla, underscoring its role in shaping the EV landscape.
Smart Factory Systems
LG Energy Solution is also expanding its smart factory systems to North American Joint Ventures (JVs). This expansion aims to optimize production processes and enhance efficiency, ensuring that LG remains a leading player in battery manufacturing.
LG Paves the Way for an Electrifying Future
Due to less interest in electric vehicles (EVs) in Europe, LG New Energy’s profits went down by 53.7% in the last part of 2023. The company said this drop happened because car companies are being more careful with how much stock they keep and because the prices of metals keep going down. This means the world might not want as many EV batteries for a little while. Still, the global EV market is expected to grow by about 20% this year, with North America’s growth likely staying strong at around 30%.
Looking forward to 2024, LG New Energy thinks its money made will increase by somewhere between 0% and 10%. They also hope that their ability to make 45 to 50 GWh of batteries will get some financial help from tax breaks given by the U.S. government next year.
3. Panasonic Corporation
Panasonic is one of the world’s three largest lithium batteries. Due to NCA positive electrode and complex battery management system, The battery are more efficient and safety. Panasonic is the supplier of Tesla.
Newest Battery Technology
Panasonic is making significant strides in battery technology by introducing all-solid-state batteries. These batteries represent a breakthrough in energy storage, offering higher energy density, improved safety, and faster charging capabilities compared to traditional lithium-ion batteries. This innovation aligns with Panasonic’s commitment to revolutionize the battery industry.
Production Capacity Expansion
To meet the growing demand for electric vehicle (EV) batteries, Panasonic has ambitious plans. The company aims to build four additional EV battery plants. This expansion demonstrates Panasonic’s commitment to supporting the EV revolution and underscores its role as a key player in the battery manufacturing industry.
Tesla Partnership
Panasonic’s collaboration with Tesla remains strong. In 2023, Panasonic plans to start producing new Tesla batteries, highlighting its integral role in providing batteries for one of the world’s leading electric vehicle manufacturers. This partnership ensures that Panasonic’s advanced battery technology contributes to Tesla’s electric vehicles.
North American Battery Highlight
Panasonic showcased its battery capabilities at CES 2023, emphasizing its presence in the North American battery market. This presence signifies Panasonic’s commitment to serving the North American region with cutting-edge battery solutions.
Panasonic Energizes the Market with Battery Breakthroughs
In 2023, Panasonic from Japan secured the third spot globally, outside of China, in the battery market. They reached this position with an impressive 44.6 GWh of batteries supplied, marking a 26.8% increase compared to the previous year. Holding a 14% market share, Panasonic’s growth is noteworthy. As one of Tesla’s main battery providers, Panasonic’s enhanced 2170 and 4680 battery models are set to boost its market share centered around Tesla in the future.
4. SAMSUNG SDI Co., Ltd.
Different from other leading lithium battery supplier, SDI mainly engaged in small-scale lithium-ion batteries and the packaging form of Samsung SDI Power Battery is mainly prismatic. Compared with cylindrical cell, prismatic cell can provide more protection, and safety. However, the disadvantage of prismatic cells is that there are too many models and the process is difficult to unify.
Lithium Battery Technology
Samsung is at the forefront of lithium battery technology innovation. Their commitment to building a second battery plant in the United States emphasizes their dedication to driving advancements in energy storage. These batteries are expected to offer improved energy density, longer life cycles, and enhanced safety features, making them essential for various applications, including electric vehicles (EVs).
Production Capacity Expansion
Samsung, in collaboration with Stellantis, has initiated plans to build a second battery plant in the United States. This move demonstrates their commitment to expanding production capacity to meet the increasing demand for lithium batteries, especially in the electric vehicle sector. The new gigafactory will significantly contribute to lithium battery production in 2023 and beyond.
Partnerships for Growth
The partnership between Samsung and Stellantis is a testament to their shared commitment to sustainable mobility. By establishing a second gigafactory in the U.S., both companies are investing in the clean energy transition and driving innovation in lithium battery technology.
Global Impact
Samsung’s focus on lithium batteries not only benefits the United States but also has a global impact. Their advancements in lithium battery technology have the potential to shape the future of electric vehicles, renewable energy storage, and more, contributing to a cleaner and more sustainable world.
Samsung SDI Breaks Records with Stellar Battery Sales
On January 30, 2024, Samsung SDI announced its achievements for the year 2023, hitting an all-time high with 22.71 trillion Korean won in sales and 1.63 trillion won in operating profits. This marked a significant jump in sales from the previous year, although operating profits experienced a slight decline. The company’s automotive battery sector saw remarkable growth, with sales and profits skyrocketing compared to 2022.
In the fourth quarter of 2023 alone, Samsung SDI’s sales reached 5.56 trillion won with operating profits of 311.8 billion won, showing a reduction from both the same period the previous year and the preceding quarter. The battery division, in particular, faced declines in both sales and profits during this quarter.
Looking forward to 2024, Samsung SDI is optimistic about the power battery market, expecting it to grow to approximately 184.8 billion dollars, an 18% increase from the previous year. The company is gearing up to enhance sales and profitability by focusing on its high-end products like the P5 and P6, and is well-prepared to handle new platform orders and efficiently manage its new base in the USA.
Moreover, Samsung SDI predicts the energy storage battery market will also see an 18% increase, aiming for 25.6 billion dollars. Growth is anticipated not just in major markets such as North America, Europe, and China, but also from new demands in Korea and South America, driven by energy storage development policies. Samsung SDI is ready to seize new opportunities with innovative products like the Samsung Battery Box (SBB) and is preparing LFP products to meet the evolving market demands.
Additionally, the company expects the small battery market to grow by 3% in 2024, reaching 43.8 billion dollars. Despite a projected plateau in the demand for electric tools, specialized needs are expected to rise, fueled by product diversification and increased electrification rates due to environmental regulations.
5. BYD Company Ltd.
BYD Energy is World’s Biggest Iron-Phosphate Battery Factory, with more than 24 years Battery Manufacturing Experience.
BYD is the world’s leading manufacturer of rechargeable batteries. BYD mainly produces two kinds of batteries, including NCM lithium ion battery and lithium iron phosphate battery.
Lithium Battery Technology
BYD is at the forefront of lithium battery innovation. Notably, the company is exploring sodium-ion battery production, which is expected to commence in 2023. Sodium-ion batteries are a promising alternative to traditional lithium-ion batteries, offering potential advantages in cost, safety, and energy density. This innovative approach aligns with BYD’s commitment to sustainable energy solutions.
Production Capacity Expansion
In line with the growing demand for electric vehicles (EVs) and clean energy storage, BYD has announced plans to build a $1.2 billion EV battery plant in central China. This significant investment underlines BYD’s commitment to expanding its production capacity to meet the increasing global demand for EV batteries. It positions BYD as a major player in the electric vehicle market, supporting the transition to sustainable transportation.
Market Presence
BYD’s dedication to lithium battery technology and production expansion has solidified its position as one of the top EV battery suppliers. Collaborations with other major battery manufacturers and its focus on innovative battery chemistries like sodium-ion batteries showcase BYD’s commitment to shaping the future of clean energy storage and transportation.
6. SVOLT Energy Technology
SVOLT Energy Technology Co. Ltd., stands out as a prime mover in the lithium-ion battery sector, dedicated to the research, production, and sales of power batteries for new energy vehicles and energy storage systems. Initially funded by Great Wall Motor and established in 2018, this esteemed company made waves in the energy realm. With headquarters nestled in Jiangsu, SVOLT made a grand announcement of its IPO on the STAR Market of the Shanghai Stock Exchange on November 18, 2022.
Collaboration with BMW MINI Under the insightful leadership of Chairman and President, Yang Hongxin, SVOLT embarked on a remarkable journey. As of September 2023, they have initiated bulk supplies to the prestigious BMW MINI. Their product showcase features a high-nickel and silicon anode high-energy density square battery cell. Touted by Yang Hongxin, this battery cell boasts one of the highest energy densities available internationally.
Achieving International Standards SVOLT’s commitment to quality and safety is evident as their battery pack successfully passed a gamut of international tests, including the EU’s ECE R100.03, India’s AIS038 Rev2, Korea’s KMVSS Article 18-3 TP48, and China’s GB38031, among others.
Partnership with Stellantis Group In a significant update dated October 16, 2023, global automobile titan, Stellantis Group, proclaimed an augmentation of its battery pack procurement from SVOLT by nearly 5.48GWh. This strategic move amplifies their electrification roadmap. SVOLT and Stellantis Group’s partnership goes way back to 2018, culminating in a mammoth global collaboration project signed in July 2021, valued at approximately $25 billion.
Industry Recognition Come October 11, 2023, the Battery Alliance unveiled the rankings for “Power Battery Installation Volume from January to September 2023”. SVOLT made an impressive entry at the 8th spot with a power battery installation volume of 4.41GWh.
European Expansion Plans Setting sights on European expansion, SVOLT is on track to escalate its factory count to five in the region. With eyes on Eastern, Northern, and Western Europe, the company is in active pursuit of ideal locations, with the largest factory envisioned to have an annual production capacity of 20GWh. Kai-Uwe Wollenhaupt, SVOLT’s European Head, elucidates the company’s ambition to achieve at least 50GWh of battery production in Europe by 2030.
Investments and Future Endeavors Mapping out capacity planning, back in November 2020, SVOLT broadcasted its investment in the Saarland region of Germany to erect a European battery module and PACK factory, forecasting a capacity of 24 GWh with a whopping total investment of $3.1 billion. Come September 2022, the energy giant announced the establishment of a battery cell factory in the Lauchhammer area of Brandenburg, Germany, scheduled to commence operations in 2025 with a predicted annual output of 16 GWh.
7. Tesla
Founded in the heart of Palo Alto, Tesla Motors, Inc. represents more than just an automotive company; it’s a symbol of sustainable innovation and progress. With a staggering market cap of $1.03 trillion, Tesla’s prowess in electric vehicle (EV) manufacturing is complemented by its groundbreaking advancements in solar panel technology and energy storage solutions. Established on July 1, 2003, by Martin Eberhard and Marc Tarpenning, Tesla was christened in honor of the legendary physicist, Nikola Tesla. Under the visionary leadership of Elon Musk, Tesla’s commitment transcends beyond manufacturing EVs. Their vision? “To accelerate the world’s transition to sustainable energy.”
Tesla’s Strategic Collaborations and Aspirations In line with its global sustainable footprint, Tesla has engaged in pivotal discussions with U.S. White House officials concerning its plans to collaborate with Contemporary Amperex Technology Co., Limited (known as CATL or 宁德时代 in Chinese) to establish a battery plant in the U.S. Furthermore, as part of Tesla’s 2021 Impact Report, a riveting goal has been set: By 2030, Tesla aims to sell 20 million electric vehicles annually. Elon Musk, during a recent Investor Day event, unveiled the ambitious “Master Plan 3.” The vision for the future encompasses a massive scale of energy storage and battery output reaching 240TWh, renewable power scaling to 30TW, and an incredible manufacturing investment pegged at $10 trillion.
Tesla’s 4680 Battery: A Glimpse into the Future of EVs
Advantages of the 4680 Battery:
Challenges of the 4680 Battery:
8.MANLY Battery
MANLY Battery: China’s Leading Battery Supplier with Over a Decade of Excellence. Established in the heart of China, MANLY Battery marks its place as a premier wholesale battery producer, boasting an illustrious history spanning over 13 years. With a reputation built on dedication and excellence, our battery manufacturing prowess is nothing short of remarkable.
Unrivalled Production Capacity:
Every day, our production line churns out battery cells and packs amassing a staggering 6MWh. Not just that, we take pride in our daily assembly of over 3,000 batteries, reflecting our commitment to quantity without compromising quality.
Nestled within a sprawling 65,000 square meter space, our cutting-edge battery manufacturing unit proudly marks its presence in prime Chinese locations: Shenzhen, Dongguan, and Huizhou.
Versatile Product Offerings:
MANLY Battery brings to the table a vast assortment of LiFePO4/lithium-ion batteries. These range from 6V to 72V, designed meticulously to cater to a plethora of applications:
• Solar energy storage solutions
• Residential and Industrial energy storage
• Advanced robots, from storage to military applications
• Base Station support
• Illuminating solar street lights
• Reliable Uninterruptible Power Supply (UPS)
Tailored to Your Needs:
At MANLY, we prioritize individual needs. Our bespoke battery services offer unmatched customization opportunities, spanning voltage, capacity, aesthetics, and more, ensuring each product aligns perfectly with client specifications.
Global Recognitions:
With MANLY, trust isn’t just a word – it’s a promise. Our products carry prestigious global certifications like UN38.3, IEC62133, UL, and CE, serving as a testament to our commitment to excellence.
Decade-long Warranty Commitment:
Quality and durability lie at the core of our offerings, reinforced by a 10-year warranty assurance.
Safety and Functionality Hand in Hand: Our batteries stand out, not just in performance but safety too. With features such as short circuit protection, overcharge safeguards, and overcurrent preventions, we prioritize user safety. Moreover, they’re designed to function flawlessly even post-severe impacts and offer flexible connection options.
Performance Under Pressure:
MANLY LiFePO4 batteries are resilient, outperforming SLA or other lithium counterparts. Functioning optimally between -20°C to 75°C (-4°F to 167°F), they’re built for the harshest environments. However, we recommend adhering to advised temperature guidelines for charging to maintain peak performance.
Setting Efficiency Benchmarks:
Why settle for less? With our LiFePO4 lithium battery, enjoy an astounding energy efficiency rate of 95%. Outshining traditional lead-acid batteries that hover around 70%, our products promise faster charging and lower energy consumption.
Innovative User Experience:
To augment user experience, we also infuse our batteries with modern features such as Bluetooth connectivity and an intuitive battery level display.
Dive into the future of efficient energy with MANLY Batteries – where legacy meets innovation
Famous Products of MANLY Battery
12V 200Ah Lithium Battery
Boost your energy solutions with the MANLY 200Ah lithium battery, utilizing cutting-edge LiFePo4 technology. It stands out as a premier choice for solar and off-grid applications, boasting a lifespan exceeding 20 years and an impressive 12V capacity.
Its sleek structure, complemented by a minimal 2.5% self-discharge rate, guarantees effortless setup and low maintenance. With integrated safety mechanisms against overvoltage and overcurrent, this battery remains resilient, even enduring impacts without risking combustion or explosion.
Elevate your user experience with its built-in Bluetooth and Battery Level Display, streamlining battery health monitoring and device management. Choose the MANLY lithium batteries 200Ah: the epitome of performance and convenience.
12V 150Ah Lithium Battery
9. Toshiba Corporation
Toshiba has made a huge investment in its R&D department for lithium technology. The firm is currently engaged in manufacture and sales of lithium ion batteries and related storage solutions for the automotive and telecommunication sectors. As part of its diversification process, the firm has engaged itself in the production of general logic ICs, and flash storages as well.
Why Does Toshiba Produce Lithium Batteries?
Toshiba’s Lithium Battery Production Scale
Based on the provided data, some of Toshiba’s lithium-ion battery systems have capacities ranging from 15.4 to 462.2 kWh, while other models boast capacities of 22 to 176 kWh, 66.9 to 356.8 kWh, and 14.9 kWh respectively.
Major Products by Toshiba
Toshiba offers a variety of lithium battery products, among which stands out the SCiB™ batteries. They are renowned for their rapid charging capabilities, long lifespan, and high safety standards. In addition to this, they provide batteries for consumer electronic products, electric vehicles, and large grid storage.
10. EVE Energy Co., Ltd.
EVE Energy Co., Ltd., an emblem of excellence in the lithium battery industry, adopts a diversified business model focusing on consumer batteries, power batteries, and energy storage batteries. From its stock market entry in 2009, its revenue experienced a whopping growth from $0.3 billion to nearly $11.83 billion by 2020.
Financial Highlights:
Products and Technical Achievements:
EVE Energy’s expansive portfolio, featuring large cylindrical, iron-lithium, and soft pack batteries, is receiving plaudits across the market spectrum. In the realm of power batteries, during January-February 2023, the company clinched spots among the top five in China’s New Energy Passenger Vehicle market and breached the top ten on a global scale. Moreover, for commercial vehicle sectors, it secured a top-three national rank in new energy trucks, buses, and special vehicles battery installations.
Energy Storage Domain:
Globally, energy storage battery shipments reached about 20.68GWh in 2022, marking an impressive 204.3% YoY growth. Of this, EVE Energy’s contribution stood around 1.59GWh, registering a remarkable 450% growth from the previous year. This phenomenal feat placed EVE Energy in the top three of the global energy storage battery suppliers.
Recent Developments:
Notable Orders and Collaborations:
11. SK On Jiangsu Co.,Ltd
Situated in the burgeoning economic hub of Yancheng City, Jiangsu Province, SK On Jiangsu Co., Ltd. stands as a testament to global collaboration and technological advancement. Established in June 2019, this joint venture is the brilliant synergy of two giants: SK Group, the third-largest conglomerate in South Korea and a member of the prestigious Fortune Global 500, and Huizhou Eve Energy Co., Ltd., a global powerhouse in lithium battery technology. Commanding a registered capital of $1.217 billion, the company has invested a colossal sum of $2.01 billion to craft two state-of-the-art new energy vehicle power battery production bases. Spanning 605 acres, with a combined production capacity of 27GWh, SK On Jiangsu Co., Ltd. has cultivated a vibrant community of over 1,700 employees.
Global Expansions and Collaborations
A Glimpse into the Future SK On Jiangsu Co., Ltd.’s trajectory is not merely about numbers but a profound vision. The company is driven by an unyielding mission: to ascend as the global leader in power battery production. With relentless innovation, strategic collaborations, and a commitment to sustainability, SK On is not just shaping the future of energy – it is becoming the future of energy.
12. CALB Group.,Ltd
CALB Group, Ltd. is a top company that makes cool things like lithium batteries, battery management systems, and more! They aim to be the best at making batteries and energy solutions for all kinds of uses, especially for great car companies all over the world.
Achievements: In June 2023, CALB Group had a record month! They made a huge amount of power batteries, reaching 2.9GWh in just one month. That’s like filling up a lot of electric cars! Also, their new energy car batteries reached a high of 2.8GWh. This company is surely growing fast!
How are they doing financially?
Up to June 30, 2023, CALB Group shared some exciting numbers:
What products do they have?
Three-element Power Products:
Phosphate Series Power Products:
13.Gotion High-Tech Co.,Ltd
Gotion High-Tech Co., Ltd., commonly known as Gotion, is a prominent player in the new energy vehicle battery sector. With a profound experience in technology and product development, Gotion lives by the principle of “product is king.” They take pride in offering a holistic production system, covering everything from cathode materials, battery production, PACK assembly, BMS systems, to energy storage battery groups and high-efficiency energy products.
One of their notable achievements is in the area of iron phosphate (LFP) battery technology. They have successfully upgraded their products to offer a single cell energy density, increasing from 180Wh/kg to 190Wh/kg. Besides, Gotion has taken up a significant tech project by China’s Ministry of Science and Technology aimed at achieving a high energy density of 300Wh/kg and has developed a ternary 811 soft-packed battery.
Expanding Horizons: Gotion in the USA
Gotion has announced plans to establish a lithium battery project in Manteno, Illinois. Entrusting this massive project to its wholly-owned subsidiary, Gotion, Inc., the company will be investing a whopping $20 billion (equivalent to around 147 billion yuan) for this endeavor. The factory, focused on lithium-ion battery and battery pack production and energy system integration, is projected to produce 10GWh of lithium-ion battery packs and 40GWh of lithium-ion battery cells once operational. Production is expected to kick off in 2024.
In October 2022, Gotion received approval to set up a battery materials production factory near Big Rapids, Michigan, with a projected total investment of $23.64 billion. By 2030, this facility is expected to annually produce 150,000 tons of battery cathode materials and 50,000 tons of anode materials.
Fast forward to June 2023, the U.S. Federal Government granted permission for Gotion to continue its construction in Michigan, complemented by an incentive program worth $715 million provided by the state of Michigan.
These developments signify Gotion’s commitment to establishing an integrated supply layout in the U.S., spanning from raw materials to batteries. With a combined investment of around $43.64 billion, Gotion stands out as the top Chinese power battery enterprise investing in the U.S. Furthermore, Gotion has six overseas battery project bases in total.
Gotion’s Global Footprint
In Europe, Gotion has three sites:
In Southeast Asia, Gotion has two bases:
According to Gotion’s projections, by the end of 2025, the company will have a total capacity of 300GWh, with overseas capacities estimated around 100GWh. Apart from the outlined projects, Gotion also plans to team up with Tata Motors to delve into the Indian lithium battery market.
Recently in June, rumors surfaced about discussions between the Moroccan government and Gotion regarding the establishment of an EV battery factory in Morocco. The potential production capacity might reach 100GWh, with an investment that could soar up to $63 billion.
14. Sunwoda Electronic Co., Ltd.
Established in 1997 in Shenzhen, Gotion High-Tech Co., Ltd. has come a long way in over two decades. Initially founded as a local enterprise, the company has blossomed and grown. Today, it stands tall as a global frontrunner in the realm of lithium-ion batteries. But that’s not all. Over the years, Gotion has diversified and expanded its horizons. Now, the company proudly boasts of six major industrial groups: 3C consumer batteries, smart hardware products, power batteries and powertrains, energy storage systems and comprehensive energy, automation and intelligent manufacturing, and laboratory testing services. With such a vast portfolio, it’s clear that Gotion is not just about batteries. They are deeply committed to providing green, swift, and efficient integrated new energy solutions to clients worldwide.
Central to Gotion’s business is its expertise in the research and development of lithium-ion battery modules. This focus is evident in their primary product – the lithium-ion battery module. Designed with precision and engineered for excellence, these modules are a testament to Gotion’s commitment to quality and innovation.
Gotion’s Milestones and Achievements
The year 2022 was particularly significant for Gotion. First and foremost, they secured prestigious orders from global automotive giants like Volkswagen and Volvo. This was a clear indication of the trust and confidence leading brands placed in Gotion’s capabilities. Moreover, on February 8th of that year, Gotion began supplying ternary lithium batteries for the new car model L8 Air by Ideal Automobile. Such collaborations show the company’s growth trajectory and the increasing demand for its products.
During 2022, Gotion was not just content with its current standing. They aggressively unveiled several power battery deployment plans, targeting a total production capacity of 130GWh. By the close of the year, their cumulative planned expansion for electric vehicle battery production reached an impressive 240GWh. And to support these ambitious plans, the company proposed an investment surpassing a massive 1,000 billion yuan (translated to US dollars based on the prevailing exchange rate).
Let’s delve into some global context to understand the scale of Gotion’s operations. In 2022, the global installed capacity for power batteries was approximately 517.9GWh, marking a staggering 71.8% increase year-on-year. Amidst this surge, Gotion’s installed capacity shot up to 9.2GWh, reflecting a whopping 253.2% growth compared to the previous year. Such exponential growth is a testament to the company’s dedication, resilience, and ability to adapt to a rapidly evolving market.
Fast forward to March 2023, Gotion’s achievements continued to pour in. Their power battery installation volume ranked 6th in China, successfully surpassing LG New Energy. This milestone showcases Gotion’s competitive edge and its emerging dominance in the Chinese market.
15. Farasis Energy (GanZhou) Co.,Ltd
Established in 2009, Gotion High-Tech Co., Ltd., also known as Zuneng Tech (Ganzhou) Co., Ltd., stands tall as one of the global leaders in ternary soft-packed power batteries. From its inception, the company has dedicated its resources and energy to the research, production, and sales of new energy vehicle power battery systems and energy storage systems. Moreover, Gotion’s primary mission revolves around providing innovative and environmentally friendly energy solutions to the global new energy applications sector.
Capacity and Production
As of now, Gotion High-Tech boasts a remarkable battery production capacity of 21GWh. Diving deeper into the numbers, this capacity comprises 16GWh from the first and second phases of the Zhenjiang base combined. In addition, there’s an impressive 5GWh production capability from their Ganzhou factory. Such robust production figures highlight the company’s robust infrastructure and commitment to catering to the global energy demand.
Innovative Product Range
Gotion is not just about capacity; innovation is at its core. The company has already mass-produced batteries with an energy density of 285Wh/kg. But they aren’t stopping there. They are on the cusp of industrializing batteries with a high energy density of 330Wh/kg. And if you think that’s impressive, consider this: they have reserved battery technology of 350Wh/kg and are currently researching and developing batteries with a whopping 400Wh/kg.
Safety and Rapid Charging: Leading the Charge
When it comes to battery safety and fast charging, Gotion is in a league of its own. It has the distinction of being the first company in China to introduce a mass-producible 800V supercharging and overvoltage platform battery technology. A testament to their technological prowess is the fact that their produced batteries have achieved a 2.2C charging cycle life and can endure 3000 cycles while maintaining a capacity retention rate of ≥85%. And to top it off, their batteries come with a warranty that extends beyond 500,000 kilometers.
Collaborations and Milestones
Back in November 2018, Gotion achieved a significant milestone. They secured a power battery supply contract with Daimler for the period 2021-2027. This agreement is monumental, with a total power battery scale reaching a staggering 170GWh.
To understand Gotion’s global influence, consider the 2022 statistics: out of the global power battery installation volume, Gotion contributed 7.4GWh, reflecting a mammoth year-on-year growth of 215.1%.
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