Market Snapshot
The North America EV Battery Market is segmented by body type (bus, light commercial vehicles (LCVs), medium and heavy-duty trucks (M&HDTs), passenger cars), propulsion type (battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs)), battery chemistry (lithium iron phosphate (LFP), nickel cobalt aluminum (NCA), nickel cobalt manganese (NCM), nickel manganese cobalt (NMC), others), capacity (less than 15 kWh, 15–40 kWh, 40–80 kWh, above 80 kWh), battery form (cylindrical, pouch, prismatic), manufacturing method (laser, wire), and by country (Canada, US, and Mexico). Key metrics include battery pack pricing trends, OEM production statistics, EV model launches, battery material costs, and regulatory frameworks shaping the market.
Market Overview
The North America EV Battery Market is experiencing robust growth, driven by the increasing adoption of electric vehicles, government incentives, and advancements in battery technology. The United States leads the market, followed by Canada and Mexico, with substantial investments in local battery production facilities. Regulatory frameworks promoting zero-emission vehicles and stringent emission standards are accelerating the market expansion.
Key Market Trends
- Surge in BEV Adoption: BEVs dominate the market due to their emission-free operation and growing affordability.
- Expansion of Local Manufacturing: Significant investments in gigafactories, particularly in the US, are reducing dependency on imports and boosting local production.
- Focus on Advanced Battery Chemistries: OEMs are increasingly adopting LFP and NMC chemistries to improve cost-effectiveness and energy density.
- Rise of Commercial EVs: Electric buses, LCVs, and heavy-duty trucks are seeing increased adoption for logistics and urban transportation.
- Supportive Government Policies: Incentives like tax credits, subsidies, and infrastructure grants are fueling market growth across North America.
Competitive Landscape
The North America EV Battery Market is highly competitive, with key players focusing on technological innovation, partnerships, and scaling production. The presence of global leaders alongside domestic manufacturers ensures a dynamic market landscape.
Major Players
- A123 Systems LLC: Known for its advanced lithium-ion batteries catering to the EV and hybrid market.
- ACDelco (Subsidiary of General Motors): Offers reliable EV batteries as part of its extensive automotive product portfolio.
- American Battery Solutions Inc.: Focuses on scalable and high-performance EV battery systems for diverse applications.
- Clarios International Inc.: A leader in energy storage solutions, providing batteries for electric and hybrid vehicles.
- Contemporary Amperex Technology Co. Ltd. (CATL): A global leader expanding its presence in North America through partnerships and new facilities.
- LG Energy Solution Ltd.: Major supplier of advanced battery technologies for EVs manufactured in North America.
- Panasonic Holdings Corporation: Known for its partnership with Tesla and focus on high-energy cylindrical batteries.
- QuantumScape Corp.: Specializes in solid-state battery technology, promising significant advancements in range and safety.
- SK Innovation Co. Ltd.: A key supplier of pouch battery solutions to North American OEMs.
- Electrovaya Inc.: Canadian battery manufacturer focused on long-cycle life and high-safety battery products.
Recent Developments
- October 2023: Panasonic announced the expansion of its gigafactory in Nevada to increase EV battery production capacity.
- August 2023: LG Energy Solution partnered with a US OEM to establish a battery manufacturing facility in Tennessee.
- June 2023: QuantumScape achieved a breakthrough in solid-state battery technology, reducing charging time significantly.
- April 2023: CATL began construction of a new battery plant in Mexico to support EV production in North America.
- January 2023: A123 Systems announced the development of a new battery chemistry for enhanced performance in extreme weather conditions.
Table of Content
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
1.3 Research Methodology
2. KEY INDICATIVE METRICS
2.1 Electric Vehicle Sales
2.2 Electric Vehicle Sales By OEMs
2.3 Best-selling EV Models
2.4 OEMs With Preferable Battery Chemistry
2.5 Battery Pack Price
2.6 Battery Material Cost
2.7 Price Chart Of Different Battery Chemistry
2.8 Who Supply Whom
2.9 EV Battery Capacity And Efficiency
2.10 Number Of EV Models Launched
2.11 Regulatory Framework
2.11.1 Canada
2.11.2 Mexico
2.11.3 US
2.12 Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS AND ANALYSIS OF GROWTH PROSPECTS)
3.1 Body Type
3.1.1 Bus
3.1.2 LCV
3.1.3 M&HDT
3.1.4 Passenger Car
3.2 Propulsion Type
3.2.1 BEV
3.2.2 PHEV
3.3 Battery Chemistry
3.3.1 LFP
3.3.2 NCA
3.3.3 NCM
3.3.4 NMC
3.3.5 Others
3.4 Capacity
3.4.1 15 kWh to 40 kWh
3.4.2 40 kWh to 80 kWh
3.4.3 Above 80 kWh
3.4.4 Less than 15 kWh
3.5 Battery Form
3.5.1 Cylindrical
3.5.2 Pouch
3.5.3 Prismatic
3.6 Method
3.6.1 Laser
3.6.2 Wire
3.7 Component
3.7.1 Anode
3.7.2 Cathode
3.7.3 Electrolyte
3.7.4 Separator
3.8 Material Type
3.8.1 Cobalt
3.8.2 Lithium
3.8.3 Manganese
3.8.4 Natural Graphite
3.8.5 Nickel
3.8.6 Other Materials
3.9 Country
3.9.1 Canada
3.9.2 US
4. COMPETITIVE LANDSCAPE
4.1 Key Strategic Moves
4.2 Market Share Analysis
4.3 Company Landscape
4.4 Company Profiles
4.4.1 A123 Systems LLC
4.4.2 ACDelco (Subsidiary Of General Motors)
4.4.3 American Battery Solutions Inc.
4.4.4 Clarios International Inc.
4.4.5 Contemporary Amperex Technology Co. Ltd. (CATL)
4.4.6 Electrovaya Inc.
4.4.7 Envision AESC Japan Co. Ltd.
4.4.8 LG Energy Solution Ltd.
4.4.9 Nikola Corporation
4.4.10 Panasonic Holdings Corporation
4.4.11 QuantumScape Corp.
4.4.12 SK Innovation Co. Ltd.
5. KEY STRATEGIC QUESTIONS FOR INDUSTRY PROFESSIONALS IN NORTH AMERICA EV BATTERY PACK MARKET
6. APPENDIX
Research Methodology
Data Collection and Analysis Methods
Datanumero’s research methodology encompasses a thorough approach aimed at ensuring accuracy and reliability in market estimation and forecasting. Our process begins with preliminary data mining, where we gather raw market data from a diverse range of validated sources. This data undergoes rigorous filtration to ensure authenticity, with inputs also drawn from reputable reports, paid databases, and our repository. Our goal is to map the complete market value chain, gathering insights from raw material suppliers, distributors, and buyers.Additionally, we delve into technical issues and trends through surveys, technical symposia, and trade journals, focusing on intellectual property perspectives such as white space and freedom of movement. Industry dynamics, including drivers, restraints, and pricing trends, are thoroughly examined. This approach ensures that our material is rich in original data, further cross-validated and authenticated with published sources for accuracy.
Market estimates and forecasts are derived using sophisticated statistical models tailored to each study. These models incorporate inputs on market dynamics, technology landscapes, application development, and pricing trends. We analyze these factors comparatively, quantifying their impact using correlation, regression, and time series analysis. Our forecasting techniques combine economic tools, technological analysis, industry experience, and domain expertise.Primary validation represents the final step, involving exhaustive interviews with key industry participants. These interviews, conducted globally and across various language barriers, validate our findings and assumptions. Key industry participants include market-leading companies, raw material suppliers, product distributors, and buyers. This primary research not only ensures data accuracy but also provides critical insights into the current market scenario, business landscape, and future expectations, enhancing the quality of our reports.
Industry Analysis Approach
In our analysis, we employ both qualitative and quantitative methodologies. Qualitatively, we delve into the industry landscape, trends, market dynamics, and key issues. We explore the technology landscape and identify market opportunities for our clients. Our approach includes Porter’s analysis and PESTEL analysis to understand the competitive landscape and conduct component benchmarking.On the quantitative front, we provide market revenue estimates and forecasts up to specified timeframes, including breakdowns by technology, application, type, and component. Regional market revenue forecasts are also provided, giving clients a comprehensive view of market dynamics across different geographical areas.By integrating these methodologies, DataNumero ensures a holistic, unbiased, and accurate assessment of market trends, opportunities, and future expectations, positioning us as a professional and reliable market research partner.
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