North America EV Battery Market Size, Share, Growth Analysis, By Battery type(Lead-Acid battery, Lithium-ion battery, and other), By Vehicle type(Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)), By Region - Industry Forecast 2024-2031

With several regional and international companies, the industry is quite competitive. Tesla, General Motors Company, Toyota Motor Corporation, Nissan Motor Company, and Volkswagen AG led the market in 2020. In order to enhance product choices and satisfy customer demand, new releases continue to be the primary approach for the industry as a whole. For instance, Volkswagen AG announced the release of ID.4, a completely electric SUV with zero local emissions, in September 2020. The automobile will be introduced by the firm in the small SUV market.

To enhance the adoption of electric cars, market participants also concentrate on partnerships and joint ventures. For instance, General Motors and EVgo collaborated in July 2020 to hasten the adoption of electric vehicles in the United States. Approximately the following several years, the firms intended to install over 2,700 more fast chargers to the public fast-charging network.

North American Electric Vehicle Battery Market Top Player's Company Profiles

• BYD Company Ltd.

• Tesla, Inc.

   

• Panasonic Corporation

   

• LG Chem Ltd.

   

• Samsung SDI Co., Ltd.

   

• Contemporary Amperex Technology Co. Limited (CATL)

   

• Envision AESC Group Limited

   

• A123 Systems, LLC

   

• Hitachi Chemical Co., Ltd.

   

• GS Yuasa Corporation

   

• EnerSys

   

• East Penn Manufacturing Company, Inc.

   

• Johnson Controls International plc

   

• Exide Technologies

   

• Saft Groupe S.A.

   

• Toshiba Corporation

   

• Mitsubishi Electric Corporation

   

• Sumitomo Electric Industries, Ltd.

   

• NEC Energy Solutions, Inc.

   

• Valence Technology, Inc.

North American Electric Vehicle Battery Market