Electric Vehicle (EV) Solid State Battery Market top Key Players - Ionic Material, QuantumScape Corporation, Illika Plc, Fisker Inc., Sakti3, Hitachi Zosen, Solid Power

The EV battery technology has continued to evolve. Lithium Titanate and Lithium-iron Phosphate, are prime examples and both are gaining importance in the EV battery market as they do away with cobalt.Other battery chemistry involving magnesium and Sodium are also gaining prominence as they offer better energy density than Li ion at a lower cost.

The German OEMs are way ahead in their research on this technology, followed by Asian OEMs and it has a lot to do with the declining popularity of Diesel as preferred fuel choice. The Detroit Big 3 are not so active in this space, apart from GM, which has partnered with Honda to develop “next gen electric car batteries”.

Download For Sample@ https://bit.ly/3ew88oU

BMW and VW are leading the charge in solid state battery development and has invested in Quantumscape- a solid state battery start-up. VW has currently invested $300 M in this startup. It wants to be the first to commercialize solid state battery production, preferably by 2020 or early 2020s. Renault- Nissan- Mitsubishi are targeting 2025 timeline.

ELECTRIC VEHICLE (EV) SOLID STATE BATTERY MARKET DYNAMICS

Solid-state battery technology have so far found applications in terms of micro batteries to power sensors and other very small semi-conductors. The solid-state batteries are still in testing phase and there is not clear roadmap to mass production. But, the sheer inefficiency of present day Li ion batteries has created a lot of interest in solid state battery market.

The most efficient Li ion battery at present i.e Tesla`s offers energy density of ~250Wh/kg. For solid state batteries to better that, it will probably need energy density of 400-450Wh/kg.

OEMs WORKING ON SOLID STATE BATTERY TECH

Hyundai
Volkswagen
General Motors
BMW
Toyota
Honda
Nissan
Mercedes Benz

COMPETITIVE LANDSCAPE

Till 2013, Japanese battery manufacturers had ~71% of the global automotive EV battery market. By H1 2018, their share had come down to 39%, so what exactly happened in past 5 years? Well, the EV boom happened in China and the local Chinese players expanded their share from less than 5% then to ~27% now. All thanks to the protectionist policies of Chinese government, which allowed only EVs with domestically manufactured batteries eligible for incentives, it drove all foreign companies out of the market.

South Korean players like LG Chem and Samsung SDI also gained ~22% market share in this period. This unexpected development prompted Japanese govt to step in and create a new consortium for solid state battery research, in order to develop solid state battery market.

COMPANY PROFILES
Ionic Material
QuantumScape Corporation
Illika Plc
Fisker Inc.
Sakti3
Hitachi Zosen
Solid Power
Seeo Inc.

Read More Information: https://mobilityforesights.com/product/ev-solid-state-battery-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.