LG Chem is leading the global electric car battery market. Global market research firm Navigant Research recently carried out a comparative study on the world’s eight major car lithium-ion battery makers.
Navigant Research said that in the categories of technological competitiveness and market share, LG Chem ranked No. 1, followed by Panasonic and Samsung SDI.
Navigant analyzed the eight battery markers in two areas—strategies and execution power, while carrying out an analysis of 12 sub-categories, including vision, penetration strategy, partner, production strategy, technology, marketing, sales, product reliability, product portfolio, and price.
Navigant Research said in its report, “To be recognized as a leader in the electric car battery market, companies need to achieve more than 75 points in both strategy and execution areas. LG Chem, Panasonic, and Samsung SDI, accordingly, are ranked as leaders in this market.”
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