Published Date : 2025-Apr-03
The global next-generation battery market is rapidly evolving, driven by the demand for more efficient, long-lasting, and sustainable energy storage solutions. Companies are investing in innovative battery technologies such as solid-state batteries, lithium-sulfur, sodium-ion, and graphene-based solutions.
The market is expected to reach a value of $17.4 billion by 2034, at a CAGR of 9.1% over the forecast period (2025–2034).
Below is an overview of the top companies leading the charge in 2025.
Headquarters: Ningde, China
Founded: 2011
Employees: Approx. 100,000+
Revenue (2024): $80+ billion
Overview: Contemporary Amperex Technology Co., Limited (CATL) is the world’s largest manufacturer of electric vehicle (EV) batteries, specializing in lithium-ion, solid-state, and sodium-ion batteries. The company plays a critical role in the global shift towards electrification, supplying batteries to top automakers such as Tesla, BMW, Ford, and Volkswagen.
Carbon-Neutral Production – CATL aims for 100% renewable energy use in manufacturing by 2035.
Next-Gen Solid-State Batteries – Targeting mass commercialization by 2027.
CATL is shaping the future of EV battery technology, leading in fast-charging, solid-state, and sodium-ion batteries. With unmatched global market dominance, strong partnerships, and a commitment to sustainability, CATL is set to remain the world’s top battery manufacturer in 2025 and beyond.
Headquarters: Seoul, South Korea
Founded: 2020 (spun off from LG Chem)
Employees: 22,000+
Revenue (2024): $34+ billion
Overview: LG Energy Solution is one of the world’s leading battery manufacturers, specializing in lithium-ion batteries for electric vehicles (EVs), energy storage systems (ESS), and consumer electronics. The company is a pioneer in solid-state battery development, aiming to revolutionize battery technology with higher energy density and improved safety.
LG Energy Solution is investing heavily in next-generation battery technologies, including: Solid-State Batteries, Silicon Anode Batteries, Cobalt-Free Batteries and Sodium-Ion Batteries.
LG Energy Solution is leading the next-generation battery revolution, focusing on solid-state, silicon-anode, and sustainable battery solutions. With strong global partnerships and a robust R&D strategy, the company is poised to remain a top player in the EV and energy storage markets in 2025 and beyond.
Headquarters: Osaka, Japan
Founded: 1918
Employees: 240,000+ (Panasonic Corporation)
Revenue (2024): $20+ billion (battery division)
Overview: Panasonic Energy is one of the global leaders in lithium-ion battery manufacturing, specializing in electric vehicle (EV) batteries, energy storage systems (ESS), and industrial power solutions. The company is a key supplier to Tesla and other major automakers, focusing on next-generation battery technologies such as solid-state, high-nickel cathode, and silicon-anode batteries.
Panasonic Energy is a key player in the next-generation battery revolution, focusing on solid-state, 4680, and silicon-anode technologies. With strong partnerships, continuous innovation, and expanding global production, Panasonic is poised to remain a top battery manufacturer for EVs and energy storage solutions in 2025 and beyond.
Headquarters: California, USA
Founded: 2010
Employees: Approx. 850+
Revenue (2024): ? (Pre-commercial)
Overview: QuantumScape is a pioneering battery technology company focused on developing solid-state lithium-metal batteries that promise to revolutionize the electric vehicle (EV) industry. Unlike conventional lithium-ion batteries, QuantumScape’s solid-state batteries eliminate the liquid electrolyte, significantly improving energy density, safety, and charging speed.
The company has strong backed from Volkswagen, Bill Gates, and other major investors, positioning it as a leader in next-generation EV batteries.
The company is at the forefront of the solid-state battery revolution, developing breakthrough technology that could significantly improve EV range, charging speed, and safety. With strong financial backing from Volkswagen and Bill Gates, the company is poised to disrupt the EV battery market in the coming years.
Headquarters: Colorado, USA
Founded: 2012
Employees: Approx. 400
Revenue (2024): ? (Pre-commercial)
Overview: Solid Power is a pioneering developer of solid-state battery technology, focusing on high-performance lithium-metal batteries for electric vehicles (EVs), aerospace, and energy storage systems. The company’s goal is to deliver safer, more energy-dense, and longer-lasting batteries compared to conventional lithium-ion technology.
Solid Power is one of the most promising companies in the solid-state battery space, backed by BMW, Ford, and major investors. With breakthrough battery technology, strong industrial partnerships, and pilot production already underway, Solid Power is well-positioned to commercialize solid-state batteries by 2026.
Headquarters: Suwon, South Korea
Founded: 1970
Employees: 30,000+
Revenue (2024): $15+ billion
Overview: Samsung SDI is a leading global battery manufacturer, specializing in lithium-ion batteries for electric vehicles (EVs), energy storage systems (ESS), and consumer electronics. The company is a key supplier for BMW, Rivian, Stellantis, and other automakers, focusing on next-generation battery innovations such as solid-state, high-nickel cathode, and cobalt-free batteries.
Gen 6 & Gen 7 Lithium-Ion Batteries – High-performance batteries with higher energy density and improved lifespan, targeting 2025 mass production.
Solid-State Batteries – Samsung is developing anode-free solid-state batteries with significantly higher range and safety, targeting commercialization by 2027.
Silicon-Anode Batteries – Incorporating silicon in battery anodes to improve energy capacity by 40%.
Cobalt-Free & High-Nickel Cathode Batteries – Reducing reliance on costly and environmentally harmful cobalt.
Samsung SDI is a pioneering force in next-generation battery technology, leading advancements in solid-state, high-energy-density, and sustainable batteries. With strong global partnerships, innovative R&D, and expanding production capacity, Samsung SDI is positioned to remain a top battery supplier in 2025 and beyond.
Headquarters: Shenzhen, China
Founded: 1995
Employees: 570,000+
Revenue (2024): $60+ billion
Overview: BYD (Build Your Dreams) is one of the world's largest electric vehicles (EV) and battery manufacturers, leading the charge in next-generation battery technology. With a strong presence in electric mobility, energy storage, and renewable energy, BYD has revolutionized lithium-iron-phosphate (LFP) battery technology, making EVs safer, more efficient, and more sustainable.
The company's Blade Battery technology, which offers enhanced safety and longevity, has positioned BYD as a key player in the global battery and EV markets.
BYD is at the forefront of next-generation battery technology and EV innovation. With cutting-edge Blade Battery technology, strategic partnerships, and rapid global expansion, BYD is set to dominate the future of electric mobility and energy storage.
Headquarters: California, USA
Founded: 2008
Employees: Approx. 300
Revenue (2024): ? (Pre-commercial)
Overview: Amprius is an innovative leader in next-generation lithium-ion battery technology, specializing in silicon anode batteries that offer significantly higher energy density than traditional graphite-based batteries. The company focuses on aerospace, electric vehicles (EVs), and wearable electronics, with its ultra-high-energy-density batteries being used in drones, satellites, and military applications.
The company is disrupting the battery industry with its proprietary silicon nanowire anode technology, enabling higher capacity, faster charging, and longer cycle life.
The company is at the forefront of battery innovation, delivering ultra-high-energy-density silicon anode batteries that outperform conventional lithium-ion technology. With applications in aerospace, EVs, and wearable devices, Amprius is set to revolutionize battery performance and play a key role in the future of energy storage.
The next-generation battery market is seeing major growth in North America, Europe, and Asia-Pacific.
With continued innovation, solid-state and sodium-ion batteries are expected to reshape the battery industry by 2025, offering higher energy density, improved safety, and cost-effectiveness.
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