PRISMATIC LIFEPO4 BATTERY MARKET ANALYSIS

Leading Companies

Major players are incorporating various strategies such as joint ventures and capacity expansions to achieve market growth. Being the leader in Lithium Ion Battery Business in India, Semyung India fulfill the needs of Li-Ion Battery R&D organizations, Research Institutes & Manufacturers. Semyung India is committed to introduce new technology solutions of Li-ion Battery Pack Systems with the strategic partnership of Samsung SDI for various existing applications that are using Lead Acid Batteries. In 2018, Panasonic Corporation commenced operations of new 5-GWh plant in Dalian for the development of prismatic batteries exhibiting high safety and capacity for applications in the automotive sector, distributing them to markets in North America and China.

The global prismatic LiFePO4 battery market is characterized by high presence of players. Some of the major players operating in the prismatic LiFePO4 battery market are Panasonic Corporation, Toyota Motor Corporation, HYB Battery Co., Ltd., Contemporary Amperex technology (CATL), and LG Chemical Ltd.