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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

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The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

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IDTechEX: solid-state battery market will grow to $8B by 2031

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A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. Under most of the mass-production plans, the solid-state battery will likely take off after 2025, although small-scale production may happen even earlier, IDTechEX said. Major solid-state battery players globally.

Market 418
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Veloz: California EV market continues strong growth; Q1 strongest quarter to date; 16.32% market share

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California’s EV market continues to grow, according to data gathered by Veloz , a non-profit which tracks and reports on growing electric vehicle (EV) sales data in California, market trends, and infrastructure build-out. Electric vehicles include battery-electric, plug-in hybrid-electric and fuel cell electric vehicles.

Market 468
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IDTechEx forecasts second-life EV battery market to reach US$7B by 2033

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IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries.

Market 195
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TEPCO and Toyota develop stationary storage battery system using EV batteries

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(TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries.

Toyota 416
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Faradion receives first order for sodium-ion batteries for Australian market

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the leader in sodium-ion (Na-ion) battery technology, has received its first order from ICM Australia for high-energy sodium-ion batteries for use in the Australian market. Unlike lithium-ion batteries, Faradion’s sodium-ion batteries have exceptional thermal stability and safety. UK-based Faradion Ltd.,

Sodium 410
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Octillion Power Systems enters US bus market to supply batteries for motorcoaches, city buses

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Octillion Power Systems, a global provider of advanced lithium-ion batteries, is providing battery packs for all-electric motorcoaches and city transit buses offered by ABC Companies and Lightning eMotors. The order marks the company’s first time supplying batteries for motorcoaches and buses in North America.

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