
Collectively, the leading five entities have deployed over a quarter of the presently operational energy storage capacities across the globe. Ranking in a descending order of their installed projects, which encompasses those successfully completed up to July 2023, we have Sungrow, Fluence, Tesla, Wärtsilä, and Hyperstrong.
BYD and CATL Collaborate to Innovate Solid-State EV Battery Technology Minggao, a renowned figure in automotive technology advancements, emphasized the significance of aligning industry titans for groundbreaking collaborations. CASIP aims to prioritize the commercialization of electric vehicles equipped with solid-state batteries and establish a robust supply chain ecosystem.
BYD Company: Standing tall as a market leader, this esteemed organization leads the way in electric vehicle production and Lithium Iron Phosphate (LFP) battery manufacturing. Their cutting-edge Blade Battery, renowned for its cell-to-pack technology, offers unparalleled safety and extended driving range. 15th February, 2024
Tesla has already incorporated the utilization of CATL's LFP cells in the Model 3 in the United States, as well as in the Model Y for certain international markets. These cells offer a more cost-effective production process, both in terms of financial expenditure and carbon emissions. Furthermore, there was a period where Tesla was exploring the possibility of incorporating the LFP-based BYD Blade battery into its vehicles manufactured in China.
The mentioned batteries hail from various renowned manufacturers such as CATL, BYD, FAW, SAIC, Geely, and Welion. Just a day ago, these batteries were the talk of the town.
According to a report released by SNE Research, a leading Korean consultancy firm, six Chinese companies namely CATL, BYD Co., CALB Co., Gotion High Tech, Sunwoda, and Farasis Energy successfully secured spots among the world's top ten largest battery suppliers for electric vehicles, plug-in hybrids, and hybrids in 2022. This accomplishment is a testament to the rising global competitiveness and technological prowess of Chinese battery manufacturers in the rapidly growing electric vehicle market.
Leading Battery Stocks in India Ranked by Market Capitalisation in 2024
S.No. Top Battery Stocks Listed in India Based on Market Capitalisation
1. Exide Industries - A Prominent Player
2. Amara Raja Energy & Mobility - A Notable Contender
3. HBL Power Systems - A Strong Competitor
4. Eveready Industries India - A Solid Participant
Plus 2 Additional Entries•
It's worth mentioning that the semi-solid battery cells were created by the local startup named Beijing WeLion New Energy Technology. This company started supplying lithium-ion cells with a capacity of 360 Wh/kg to Nio in the middle of the previous year.
ESS Technology, a privately-owned semiconductor company sans manufacturing facilities, specializes in the design and marketing of state-of-the-art analog and audio equipment tailored for consumer electronics, automotive applications, and professional audiophile systems.
Blue Solutions, a French company, has already begun selling solid-state batteries for buses, offering a charging duration of merely four hours. However, the firm is currently in the process of developing a revolutionary product tailored for automobiles. This novel battery incorporates a polymer electrolyte and an ultra-thin lithium metal anode, striving to achieve a charging time of fewer than 20 minutes. This technology is poised to revolutionize the automotive industry, providing unprecedented convenience and efficiency to motorists.
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