Lithium ion batteries are leading the charge in the electric vehicle market, and no countries produce them better than Japan and South Korea.
That's according to Pike Research, which ranks South Korea's LG Chem as the leading vendor in a new report, Electric Vehicle Batteries - Assessment of Strategy and Execution for 10 Leading Lithium Ion Batteries. American company Johnson Controls bucks the Japan/S. Korea trend by grabbing the number two spot, followed by Japan's AESC.
"The Li-ion automotive market is currently led by Japanese and Korean companies that originally produced cells for the consumer electronics and computing markets," Pike states. "These veteran companies are being challenged by companies mostly from China and North America that are slowly gaining customers, mostly in their domestic markets." (smartplanet.com)
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