Technavio recognizes the following companies as the key players in Li-ion Battery Market in China 2015-2019: A123 Systems LLC BYD Co. Ltd., China BAK Battery Co. Ltd., Coslight Technology International Group, LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Sinopoly Battery Ltd, Sony Corp. and Tianjin Lishen Battery Co. Ltd.
Other Prominent Vendors in the market are: ATL, Ecsem, KAYO, Minamoto, SCUD, Shenzhen Blazepower Battery (BPB), Shenzhen Jixinglong and Sunwoda.
Commenting on the report, an analyst from Technavio’s team said: “The production of Li-ion batteries has grown in China since 2005. Japanese manufacturers dominated the Li-ion battery market for decades. However, post the global financial crisis of 2008-2009 and the 2011 Fukushima disaster, Japan’s market share fell considerably. South Korea and China were the direct beneficiaries of the loss of Japan’s market share as most Li-ion battery manufacturers started to shift to these countries.”
According to the report, growing pollution levels, coupled with decreasing fossil fuel reserves, has prompted China to shift its attention toward the use of EVs. The Chinese government has set a target of manufacturing 500,000 EVs by end of 2015. It has encouraged the adoption of EVs and is providing incentives to meet these targets. It launched several initiatives in 2009-10 under the clean and green energy development initiative and introduced the Ten City, One Thousand Cars plan, which primarily aims at increasing the adoption of EVs in the country.
Further, the report states that pollution concern in China may raise Li-ion battery prices will affect the growing electric and hybrid car industry in the country.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/li-ion-battery-market-in-china-2015-2019
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/energy
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