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The Southeast Asia Automotive Energy Storage System Market was valued at USD 1.23 Billion in 2024 and is projected to reach USD 2.45 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period (2024–2030). This rapid expansion is driven by increasing EV production, government incentives, and technological advancements across Thailand, Indonesia, Vietnam, Malaysia, and other ASEAN markets.
As the region accelerates its transition to electric mobility, energy storage systems are becoming critical components. This analysis profiles the Top 10 Companies revolutionizing Southeast Asia’s automotive battery sector – from established lithium-ion leaders to emerging solid-state innovators.
🔟 1. LG Energy Solution
Headquarters: Seoul, South Korea
Key Offering: NCM battery cells, modules and packs
As the spin-off from LG Chem, LG Energy Solution leads Southeast Asia’s EV battery market with cutting-edge nickel-cobalt-manganese technology. The company supplies major automakers across Thailand and Indonesia.
Technology Leadership:
- Pioneering high-nickel NCM 9-series batteries
- $4.3 billion Indonesia battery plant under construction
- Strategic partnerships with Hyundai, GM, and Chinese automakers
Download FREE Sample Report: Southeast Asia Automotive Energy Storage System Market – View in Detailed Research Report
9️⃣ 2. Contemporary Amperex Technology Co. (CATL)
Headquarters: Ningde, China
Key Offering: LFP and NCM battery systems
The Chinese battery giant is expanding aggressively in Southeast Asia, particularly through technology licensing and joint ventures with Thai manufacturers.
Technology Leadership:
- Cell-to-pack technology reducing system costs
- Breakthroughs in sodium-ion battery development
- Strategic supply agreements with multiple ASEAN automakers
8️⃣ 3. Samsung SDI
Headquarters: Yongin, South Korea
Key Offering: Prismatic lithium-ion batteries
Samsung SDI provides premium energy storage solutions to luxury EV brands expanding in Singapore and Malaysia, with a focus on high-energy-density batteries.
Technology Leadership:
- High-nickel NCA battery technology
- Advanced battery management systems
- Strategic partnership with Malaysian automakers
7️⃣ 4. Panasonic Energy
Headquarters: Osaka, Japan
Key Offering: Cylindrical battery cells
Leveraging experience from Tesla partnerships, Panasonic is establishing thermal management R&D centers in Southeast Asia to address tropical climate challenges.
Technology Leadership:
- High-efficiency battery cooling systems
- Smart monitoring technology for battery health
- Collaborations with regional EV startups
Download FREE Sample Report: Southeast Asia Automotive Energy Storage System Market – View in Detailed Research Report
6️⃣ 5. BYD Company
Headquarters: Shenzhen, China
Key Offering: Blade battery technology
BYD has made significant inroads in Thailand with its LFP-based Blade batteries featuring enhanced safety through innovative cell-to-pack architecture.
Technology Leadership:
- Superior thermal stability compared to NMC
- Vertical integration from cells to complete EVs
- Local production facility in Thailand
5️⃣ 6. SK On
Headquarters: Seoul, South Korea
Key Offering: High-nickel NCM batteries
The SK Innovation spin-off is investing heavily in Southeast Asia, with plans for battery plants in Thailand and Indonesia to supply major automakers.
Technology Leadership:
- Nickel-rich NCM 9-series battery chemistry
- Rapid charging capabilities
- Strategic partnerships with Ford and Hyundai
4️⃣ 7. GS Yuasa International
Headquarters: Kyoto, Japan
Key Offering: Lithium-ion batteries for HEVs
GS Yuasa specializes in robust battery systems designed for Southeast Asia’s tropical conditions, with particular strength in hybrid vehicle applications.
Technology Leadership:
- High-temperature resistant battery formulations
- Battery solutions for commercial electric fleets
- Strategic partnerships in Indonesia
3️⃣ 8. CALB
Headquarters: Beijing, China
Key Offering: Mid-nickel NCM batteries
The Chinese battery maker is expanding in Southeast Asia through technology licensing agreements and plans for local manufacturing facilities.
Technology Leadership:
- Cost-effective NCM solutions
- One-stop battery solutions
- Expansion into Thailand and Malaysia
2️⃣ 9. SVOLT
Headquarters: Changzhou, China
Key Offering: Cobalt-free battery technology
The Great Wall Motor spin-off is bringing its innovative cobalt-free batteries to Southeast Asia with plans for local production.
Technology Leadership:
- Pioneering NMx (nickel-manganese) chemistry
- High energy density solutions
- Strategic customer acquisitions in Thailand
1️⃣ 10. Prime Planet Energy & Solutions
Headquarters: Tokyo, Japan
Key Offering: Prismatic battery cells
The Toyota-Panasonic joint venture is positioning itself for Southeast Asia’s hybrid and PHEV boom with localized production.
Technology Leadership:
- Specialized solutions for hybrid vehicles
- Advanced battery management systems
- Strategic alignment with Toyota’s regional plans
Get Full Report Here: Southeast Asia Automotive Energy Storage System Market – View in Detailed Research Report
🔋 Market Outlook: Southeast Asia’s Battery Renaissance
Southeast Asia’s automotive energy storage market is undergoing rapid transformation, driven by government mandates, consumer adoption, and technological breakthroughs. By 2030, EVs are projected to represent 15-25% of new vehicle sales across key ASEAN markets.
⚡ Key Industry Trends:
- Accelerating localization of battery manufacturing
- Shifting battery chemistries for cost and safety
- Integration with renewable energy infrastructure
- Advancements in thermal management systems
- Emerging recycling ecosystems
The companies above are not merely suppliers – they’re foundational players in Southeast Asia’s electric mobility revolution, each bringing unique technological capabilities and regional strategies to power the transition.
Get Full Report Here: Southeast Asia Automotive Energy Storage System Market – View in Detailed Research Report
