Market News
Recent Developments
New product launches
- In March 2022, Panasonic launched new high capacity Ni-MH batteries for hybrid and plug-in hybrid vehicles. The batteries offer high energy density and support increased EV driving range. Panasonic Holdings Corporation[a] is a Japanese multinational electronics company, headquartered in Kadoma, Osaka. Panasonic offers a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as home renovation and construction. Panasonic has a primary listing on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices. It has a secondary listing on the Nagoya Stock Exchange.
- In January 2021, Primearth EV Energy launched a new Ni-MH battery for hybrid electric trucks. The batteries offer high power, long life, and support over 5, 00,000 deep charge-discharge cycles. Primearth EV Energy Co., Ltd. (abbreviated as PEVE) is a Japanese manufacturer of prismatic nickel–metal hydride (NiMH) and lithium-ion battery packs for hybrid electric vehicles, located in Shizuoka Prefecture, Japan. The company has supplied battery packs for hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) mainly for Toyota, including the Toyota Prius, as well as for Honda and General Motors.
- In June 2020, GP Batteries launched new Ni-MH batteries for cordless power tools. The batteries offer up to 20% more power, a longer runtime, and usage life than previous models. GP Batteries is a multinational group with global manufacturing and direct distribution in over 15 countries. GP Batteries provides a wide range of products, including specialty batteries, power banks, and rechargeable batteries, with a focus on eco-friendly and high-performance solutions. The company has a strong presence in the battery industry, with over 30 years of experience in battery manufacturing and a commitment to strict safety and international standards.
Acquisition and partnerships •
- In January 2022, Spectrum Brands extended its partnership with Energizer for the manufacturing and distribution of Ni-MH batteries under the Rayovac brand. This enhanced Rayovac’s Ni-MH batteries portfolio. Spectrum Batteries is the world's premier provider of battery pack and modules for the oilfield industry. provide customers a quality product, superior service, and safety at a fair price. Due to long lead times from suppliers, company carries high inventories of costly cells from the world's leading manufacturers of lithium, alkaline, and other cell manufacturers.
- In May 2021, Huanyu acquired EVE Energy’s NiMH battery business. This strengthened Huanyu's position in OEM automotive battery supply. Huanyu Battery appears to be a brand of sealed lead-acid batteries used in various applications, including emergency lighting, solar power, medical devices, and more. The batteries are designed to be sealed and maintenance-free, with a non-spillable construction and safety valve installation for explosion-proof operation.
- In March 2020, GS Yuasa partnered with Honda for joint development and production of Ni-MH batteries for Honda hybrid vehicles. This expanded GS Yuasa's automotive customer base. GS Yuasa Corporation is a Japanese company specializing in the development and production of lead-acid and lithium-ion batteries used in various applications, including automobiles, motorcycles, aerospace, and defense. The company's businesses include the manufacture and supply of batteries, power supply systems, lighting equipment, and other specialty electrical equipment. GS Yuasa Energy Solutions, a division of the corporation, serves the UPS, Reserve Power, Telecom, and General-Purpose markets with superior Valve-Regulated Lead-Acid and Lithium battery products. The company operates through segments such as domestic automotive batteries, domestic industrial batteries and power supplies, overseas operations, automotive lithium-ion batteries.
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