US EV Battery Market Top Key Players - Samsung SDI Co., Ltd, SK Innovation Co., Ltd, LG Chem, Ltd, CATL Germany, Northvolt, Nissan Motor Corporation – Battery Manufacturing, BASF, Panasonic Corporation, Abertax Technologies Group, Accuma SpA, ALOM Group

The US EV battery market is the most expensive component of any electric vehicle. For example, Nissan LEAF lithium-ion batteries originally accounted for a third of the car's total cost. Another fact that strengthens the downward trend in battery costs is the construction of a "Gigafactory" in order to lower production costs and increase battery production.

Accordingly, there are many material options for positive and negative electrodes, electrolyte and separator materials. Technological limitations of various materials result from their functions in the use of electric vehicles and the battery supply system operating within the BMS of a specific class of electric vehicles.

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US EV BATTERY MARKET DYNAMICS

• In the United States, sales of electric vehicles increased by more than 250% year-on-year in the second quarter of 2021. In the first half of 2021, the US offered 19 electric vehicles, as well as many more hybrids and plug-in hybrids. The U.S. government has pledged to ban the sale of gas-powered vehicles, and improvements in charging infrastructure and battery technology mean the vision for an electrified future is clearer than ever.

• US sales of electric vehicles rose from 33,312 units in the second quarter of 2020 to 1.18,233 units in the second quarter of 2021, an increase of 254.9 percent. The electric vehicle market continues to be dominated by Tesla, which sold 69,300 vehicles in the second quarter of 2021 and remains the only major US car manufacturer to offer EVonly.

• Tesla accounted for 71% of total electric vehicle sales in the second quarter of 2020, compared to 83% in the second quarter of 2020. The new Tesla Model Y is the best-selling electric vehicle in the US with 76,429 units, followed by the Tesla Model 3 with 51,510 units sold. The Model 3 became the best-selling electric vehicle in 2020, but sales in the US market fell by more than 50% per year in the second quarter of 2021.

US EV BATTERY MARKET RECENT AND IMPORTANT DEVELOPMENTS

• Sourcing of Li for EV Batteries

• Samsung SDI’s initiative towards Battery Cell Plant

• Mercedes-Benz to build eight battery factories in push to become electric-only automaker by 2030

• Sila Nano Battery Establishment into new composites

• US Battery Recycling Capability increase as an initiative towards LCA of EVs

US EV BATTERY MARKET SEGMENTATION

The US EV Battery Market can be segmented into following categories for further analysis.

By Vehicle Type
• Scooters
• Electric Cars
• Electric Trucks

By Application
• Personal EV Application
• Commercial EV Application


By Battery Type
• Lithium Nickel Manganese Cobalt (LI-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminium Oxide (NCA)

By Power Capacity Type
• Less than 50kWh
• 50-75kWh
• More Than 75 kWH

COMPETITIVE LANDSCAPE

• Samsung SDI reports very good financial results in the second quarter of 2021, including a record quarterly increase in revenues by 30% y / y and an increase in operating profit by 184% y / y. The Liion battery segment has revenues of approximately 2.721 billion won, an increase of 41.2% over the year, representing 81% of total revenue of 3.334 billion won. The net profit margin is also very high at 8.6%.

• In the second quarter of 2021, SK Innovation increased battery sales by approximately 86% annually to $ 630 billion. It remains unprofitable, but the operating margin of minus 16% is much better than before due to the large battery supply for the Hyundai Ioniq 5 and the early stabilization of new factories.

COMPANIES PROFILED
• Samsung SDI Co., Ltd
• SK Innovation Co., Ltd
• LG Chem, Ltd
• CATL Germany
• Northvolt
• Nissan Motor Corporation – Battery Manufacturing
• BASF
• Panasonic Corporation
• Abertax Technologies Group
• Accuma SpA
• ALOM Group JSC
• Clarios Technologies

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

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