Wednesday, April 16, 2014

Battery Makers 2013 (Updated)


A big Thank You for Florian Mader for the precious help on this article.

Picking up on a previous post, batteries are the a critical part of an electric car, representing up to 30% of the total cost of the vehicle and if Plug-in Vehicles sales are growing at a 52% rate (2013 vs 2012), as EV's use larger and larger batteries (Stand up, Tesla!), battery sales are growing even faster, in that same period, sales grew by 104%!

Not many industries are growing at that rate right now, if were an investor, i would buy Battery Makers stock, like some of the ones below...

AESC, a joint venture between NEC and Nissan, provide batteries for the Nissan Leaf and most of Renault's EV's, thanks to the global success of the Nissan Leaf and with the addition of Renault sales, this was the #1 battery manufacturer in 2012, grabbing 36% of the market, but despite growing 81% from one year to the other, it has lost share and the leadership;

LG has been the provider of GM and Ford, as well as the Renault Twizy and Zoe, allowing for the South Korean company to have some 18% of the EV batteries market, with Ford and Renault Zoe growth barely compensating the decline of the Volt family and Renault Twizy. As a consequence, LG lost 8% share;

Panasonic grew from 313 MWh in 2012 to 1.700 MWh in 2013, grabbing the sales leadership and 35% share, all thanks to the success of the Model S and the large batteries they use (60-85 kWh instead of the 20-25 kWh of the average electric car), if Tesla continues to grow and as Toyota hybrids continue to migrate to Li-Ion batteries, the projected Giga Factory looks more like a inevitability than a risk for the new leader in EV batteries;

 - Lithium Energy Japan (GS Yuasa / Mitsubishi), it provides batteries for Mitsubishi, which use small batteries (12 kWh for the Outlander PHEV, 16 kWh for the Miev family), so it's still a small player with 293 MWh sold in '13, grabbing just 6% share;

- BYD makes its own batteries and despite selling less than 3.000 plug-ins/year, its e6 MPV uses large batteries, 60KWh (Only Tesla uses that kind of power), so this is a surprising #5, that with the success of the Qin in '14, it will keep on growing; 

- Siemens has a partnership with Volvo and the success of the V60 Plug-in allowed it to jump to #6, with the swedish carmaker investing seriously in plug-ins, it looks that Siemens will be a player in this market. 

A final remark for their chemistry, Li-Ion batteries dominate the market, owning 84% in '12 and 92% the year after, so for the time being, Li-Ion is the way to go.


PlBattery Makers2013 MWh 2012
MWh
Share '13Share    '12   
1Panasonic1.70031335%  14% 
2AESC1.28981828% 36%
3LG81259318%  26%
4Lithium Energy Japan2931276%   6%
5
6
BYD
Siemens
117
91
116
4
3%
2%
     5%
   0%

Others3653198%   13%

TOTAL4.6672.289100

11 comments:

  1. Great article! I would love to know about Sanyo and BYD...

    ReplyDelete
  2. What about Samsung? Isn't it the batteries in BMW i3?

    ReplyDelete
  3. I don't have any data regarding Sanyo, Samsung - BMW has sold only 25 MWh in 2013, as the i3 was only starting to be delivered.

    I'll update the chart with BYD data later in the day.

    ReplyDelete
  4. LG provides Renault Zoé and Renault Twizy, AESC Fluence ZE and Kangoo ZE.

    http://media.renault.com/global/en-gb/renaultgroup/media/pressrelease.aspx?mediaid=33184

    So I think that LG should be higher.

    Julien R.

    ReplyDelete
  5. Hybrid electric vehicles are a fast-growing section of the market. This certificate is the direct result of local automotive repair companies requesting that NMC provide hybrid technician training. Rebuilt Prius Hybrid Battery

    ReplyDelete
  6. I read your blog. Its very nice. Useful information. Thanks for sharing.
    See my blog about Industrial Batteries manufacturers in India.

    Solar Batteries manufacturers in India

    ReplyDelete
    Replies
    1. Thank you for your words on EV Sales, i saw your website, it has interesting content, by the way, has the Indian government already approved the electric vehicle incentives?

      Delete
  7. I gone through your blog. Nice to read. Useful information. Thanks for sharing.
    See my blog about Tubular Inverter Batteries manufacturers in India.

    Solar Batteries manufacturers in India

    ReplyDelete
  8. Excellent article! I have seen a lot of different home generator services, but this is excellent! For the very first time i am going to know that a hybrid vehicle can be used as a generator,thanks i am greatly impressed by the work you done! Rebuilt Prius Hybrid Battery

    ReplyDelete
  9. Prime tech accumulators area unit the favored among the Solar Batteries manufacturers in India. Solar batteries are designed with strong and esthetically superior plastic Co compound instrumentality. These batteries area unit featured with serious duty tubular plates for glorious cycle life.

    ReplyDelete
  10. Hello,
    Nice Blog...Thanks for sharing the info about pricing the Hybrid Battery...There are many positive effects of the use of a hybrid vehicle on the environment.
    Hybrid Battery

    ReplyDelete