Even those who consider themselves somewhat knowledgeable about the electric vehicle (EV) industry would be hard pressed to name more than a handful of EV battery suppliers.
Most would quickly name Japan’s Panasonic and South Korea’s Samsung and LG Chem, as well as reference the Gigafactoy that Panasonic and Tesla opened this past January in Nevada. A few of the more knowledgeable would also name BYD, a leading electric vehicle manufacturer in China that is also one of the world’s largest battery suppliers.
Other than those names, however, and perhaps one or two other lesser known players, the list would end there.
Read the full story from Forbes: EV Batteries: A $240 Billion Industry In The Making That China Wants to Take Charge Of
Find out how over 140 EV Battery manufacturers have sprung up across China, and what that means to the market share math department of the EV Battery industry.