The USA: The Third Largest Manufacturer of Lithium-Ion Batteries
The United States ranks as the third-largest producer of lithium-ion batteries worldwide, following China and Poland.
Global Lithium-Ion Battery Production
China leads the world in lithium-ion battery manufacturing, producing around 77% of the global supply. Poland, with slightly over 6%, takes second place, just ahead of the U.S., which also contributes about 6% to the global total. Poland overtook the U.S. in 2022 to secure its position as the second-largest manufacturer.
Growing Domestic Demand in the U.S.
The demand for lithium-ion batteries in the U.S. is soaring, driven by several sectors such as electric vehicles (EVs), renewable energy integration, consumer electronics, and energy storage projects. In 2023, the U.S. lithium-ion battery market was valued at $13.7 billion, and it’s expected to grow to $71.6 billion by 2032, with a compound annual growth rate (CAGR) of 20.1%.
Major Lithium-Ion Battery Manufacturers in the U.S.
Tesla, Inc.
Tesla is a major American player in lithium-ion battery production, manufacturing batteries for cars, home energy storage, and solar panels. Founded in 2003, Tesla’s headquarters is in Austin, Texas. The company is known for investing in advanced lithium-ion battery technology and has collaborated with Dalhousie University on research since 2016. Tesla’s batteries use nickel-cobalt-aluminum (NCA) and lithium-iron-phosphate (LFP) cathodes, offering high quality and durability. Tesla operates Gigafactories in several locations worldwide, including Austin, Nevada, and Shanghai, with a new facility being built in Nuevo Leon, Mexico.
Panasonic Holdings Corporation
A Japanese multinational, Panasonic Holdings manufactures lithium-ion batteries through its subsidiary, Panasonic Energy Co., Ltd. Established in 1918, Panasonic is based in Osaka, Japan, and is known for its cylindrical lithium-ion batteries used in automotive applications. The company is a key player in the global lithium-ion battery market, supplying batteries for electric vehicles and energy storage solutions.
Microvast Holdings, Inc.
Microvast, based in Stafford, Texas, develops and manufactures lithium-ion batteries for electric vehicles and utility-scale energy storage systems. The company customizes its battery solutions to meet specific customer needs, including fast charging, long lifespans, and superior safety. Microvast also operates the world’s first ultra-fast charging station and has manufacturing facilities in the U.S., China, and Germany.
Wanxiang A123 Systems Corporation
Part of the Wanxiang Group, A123 Systems operates in the U.S., Germany, China, and the Czech Republic. It holds numerous patents for its battery technologies, including super-nano lithium iron phosphate. The company supplies lithium-ion batteries to top automakers like Volkswagen, BMW, and General Motors, as well as energy storage users.
EnerSys
EnerSys, headquartered in Pennsylvania, is a global leader in lithium-ion battery manufacturing, supplying over 100 countries. Its NexSys® iON series is known for high performance, durability, and fast charging, making them ideal for heavy-duty applications like grid storage, telecommunications, and medical safety.
Arcadium Lithium
Formed in January 2024 from the merger of Livent and Allkem Limited, Arcadium Lithium specializes in vertically integrated lithium-ion battery production, including mining, processing, and manufacturing. It utilizes cutting-edge lithium extraction methods and focuses on improving energy storage technology.
Duracell, Inc.
A subsidiary of Berkshire Hathaway, Duracell produces a wide range of lithium-ion batteries in different sizes and types. Its high-power lithium 123 batteries, made with high-purity lithium, are known for their long-lasting power and are used in various devices such as smoke detectors and keyless locks.
LG Energy Solution, Ltd.
Based in Seoul, South Korea, LG Energy Solution specializes in lithium-ion batteries for electric vehicles. The company was spun off from LG Chem Energy Solution in 2020 and continues to be a major player in the EV battery market.
Samsung SDI America, Inc.
The U.S. arm of Samsung SDI Co., Ltd., based in Michigan, manufactures PRIMX batteries, which are recognized for their high performance and efficiency. These batteries are widely used in electric vehicles, energy storage systems, and IT devices.
East Penn Manufacturing Company
Founded in 1946, East Penn Manufacturing produces the deka ready power lithium-ion battery, known for its high-intensity performance and low maintenance. These batteries are commonly used in grid storage and other critical applications.
These companies, alongside others, are driving innovation and expansion in the U.S. lithium-ion battery market, contributing to the country’s position as a global leader in this critical technology. With demand projected to rise significantly, the U.S. lithium-ion battery sector is poised for rapid growth over the next decade.
