PUBLISHER: The Business Research Company | PRODUCT CODE: 1662544
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662544
An automotive lithium-ion (Li-ion) battery cell is a specialized form of battery technology reliant on lithium ions within its electrochemical structure. Multiple individual cells are combined to form a lithium-ion battery, ensuring the appropriate voltage, power, and energy, which are then organized into various modules and assembled into the complete battery pack used in vehicles.
The primary types of automotive lithium-ion battery cells include lithium iron phosphate (LFP), lithium cobalt oxide (LCO), lithium manganese oxide (LMO), and lithium nickel manganese cobalt oxide (NMC). Among these, a lithium iron phosphate (LFP) battery stands out for its ability to undergo rapid charging and discharging compared to other battery types. These battery cells come in various forms such as cylindrical, prismatic, and pouch cells, and are extensively used in battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel-cell electric vehicles.
The automotive lithium-ion battery cell market research report is one of a series of new reports from The Business Research Company that provides automotive lithium-ion battery cell market statistics, including automotive lithium-ion battery cell industry global market size, regional shares, competitors with automotive lithium-ion battery cell market share, detailed automotive lithium-ion battery cell market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive lithium-ion battery cell industry. This automotive lithium-ion battery cell market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive lithium-ion battery cell market size has grown exponentially in recent years. It will grow from $100.66 billion in 2024 to $127.08 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to rise of electric vehicles, government incentives, emission reduction targets, increasing consumer acceptance, scaling up production, collaborations, and partnerships.
The automotive lithium-ion battery cell market size is expected to see exponential growth in the next few years. It will grow to $308.26 billion in 2029 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to EV market expansion, energy storage applications, government regulations, reduced battery costs, R&D investments. Major trends in the forecast period include increasing energy density, advancements in solid-state batteries, growth in electric vehicle (EV) adoption, supply chain diversification, recycling and sustainability initiatives, integration of battery management systems (BMS).
The increasing electrification of vehicles worldwide is anticipated to drive the growth of the automotive lithium-ion battery cell market in the future. Vehicle electrification refers to the use of electricity to power a vehicle, replacing traditional energy sources with electric components. Lithium-ion batteries are widely utilized in vehicle electrification due to their high energy density and capacity to deliver substantial power output. They can store significant amounts of energy in a compact and lightweight design and have a lower self-discharge rate compared to other battery types, making them ideal for this application. For instance, in 2023, the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international association of automobile manufacturers, reported notable growth in the global automotive industry, with total vehicle production reaching 93,546,599 units, a significant increase from the 85,016,728 units produced in 2022. Thus, the rising electrification of vehicles around the world is expected to fuel the growth of the automotive lithium-ion battery cell market.
The expansion of charging infrastructure is expected to bolster the growth of the automotive lithium-ion battery cell market. Charging infrastructure encompasses the network of charging stations and related facilities that facilitate the charging of electric vehicles. The presence of a robust charging network can alleviate concerns regarding electric vehicle usability, thereby promoting their adoption and contributing to the demand for automotive lithium-ion batteries. For instance, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation (DOT), approximately 19,000 electric vehicle charging stations were established in the USA by April 2023, resulting in a nearly 50% increase in the number of charging stations across the country in just over two years. Therefore, the growth of charging infrastructure is poised to drive the automotive lithium-ion battery cell market forward.
Technological advancements emerge as a prominent trend in the automotive lithium-ion battery cell market, with major companies focusing on developing innovative solutions to strengthen their market positions. Natrion Inc., a US-based automotive component and battery manufacturer, exemplifies this trend by unveiling the patented solid-electrolyte separator, LISIC278, in October 2022. This separator, designed for use in Li-ion battery cells with graphite anodes for electric vehicle battery cells, is a modified version of Natrion's proprietary Lithium Solid Ionic Composite (LISIC) electrolyte. It replicates the specifications of a regular polyolefin separator while using substantially less liquid electrolyte. The LISIC technology provides robust ion transport capabilities at ambient temperatures, high thermal resistance exceeding 200°C, and zero porosity. The resulting LISIC batteries exhibit a near-zero fire risk, significantly reducing the likelihood of thermal incidents worsening or expanding. This technological innovation showcases the commitment of major industry players to advancing battery technology for electric vehicles.
Leading companies in the automotive lithium-ion battery cell market are strategically focusing on the development of lithium iron phosphate (LFP) batteries to enhance their market positions. The Lithium Iron Phosphate (LFP) battery is a type of rechargeable lithium-ion battery renowned for its high energy density, extended lifespan, and improved safety attributes owing to the utilization of iron phosphate as the cathode material. An illustrative example is Natural Battery Technologies, an India-based company, which, in May 2022, announced the introduction of automotive-safe batteries utilizing Lithium Iron Phosphate (LFP). These batteries cater to various automotive applications, including electric vehicles (EVs), scooters, and motorcycles. LFP batteries offer advantages such as being leak-proof and having a lifespan up to five times longer than standard lead-acid batteries. The introduction of LFP batteries for automotive applications is anticipated to contribute to the growth of the electric vehicle market, given their perceived safety and cost-effectiveness compared to other battery types.
In February 2022, BorgWarner Inc., a US-based automotive engineering systems and components vendor, acquired AKASOL AG, although the financial details remain undisclosed. This acquisition is designed to significantly enhance BorgWarner's capabilities in commercial vehicle and industrial electrification, positioning the company to capitalize on the growing battery system market. AKASOL AG, based in Germany, is a producer of lithium-ion battery systems that deliver safe, reliable, and scalable power solutions for global electric transportation. This acquisition aligns with BorgWarner's strategic vision to play a pivotal role in the evolving landscape of electric mobility.
Major companies operating in the automotive lithium-ion battery cell market include Samsung SDI Co. Ltd., Toshiba Corporation, Contemporary Ampere Technology Co. Ltd., LG Chem Ltd., GS Yuasa International Ltd., Johnson Controls International Plc, Panasonic Corporation, BYD Company Ltd., Automotive Energy Supply Corp., A123 Systems LLC, Exicom Power Solutions, Tesla Inc., Hitachi Ltd., NEC Corporation, Envision AESC Limited, Amperex Technology Limited, Blue Energy Limited, CBAK Energy Technology Inc., Tianjin Lishen Battery Joint-Stock CO. Ltd., Lithion Battery Inc., SK innovation Co. Ltd., OptimumNano Energy Co. Ltd., VARTA AG, Sony Corporation, Gotion High-Tech Co. Ltd.
Asia-Pacific was the largest region in the automotive lithium-ion battery cell market in 2024. The regions covered in the automotive lithium-ion battery cell market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive lithium-ion battery cell market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive lithium-ion battery cell market consists of nickel-metal hydride batteries and lead-acid batteries. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Lithium-ion Battery Cell Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive lithium-ion battery cell market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive lithium-ion battery cell ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive lithium-ion battery cell market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.