The Global Rechargeable PLI (Polymer Lithium-Ion) Battery Market was valued at USD 48.2 Billion in 2024 and is projected to reach USD 98.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period (2024–2030). This robust expansion is fueled by soaring demand from the consumer electronics sector, a rapid global transition to electric vehicles (EVs), and the increasing integration of renewable energy storage systems.

As the world pivots towards electrification and portable power becomes indispensable, the companies producing advanced battery technologies are at the forefront of this transformation. In this blog, we profile the Top 10 Companies in the Rechargeable PLI Battery Industry—a group of technology giants, chemical specialists, and energy innovators shaping the future of how we power our lives.

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🔟 1. Samsung SDI Co., Ltd.

Headquarters: Yongin-si, Gyeonggi-do, South Korea
Key Offering: High-energy density PLI batteries for EVs, consumer electronics, and energy storage systems (ESS)

Samsung SDI is a global leader in lithium-ion battery technology, renowned for its innovative and reliable PLI battery solutions. The company serves major automotive OEMs with its advanced prismatic and pouch cells, and is a key supplier for smartphones, tablets, and power tools.

Innovation Initiatives:

• Development of solid-state battery technology

• Expansion of EV battery production capacity in the US and Europe

• Focus on batteries with improved safety and faster charging capabilities

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Rechargeable PLI Battery Market – View in Detailed Research Report

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9️⃣ 2. LG Energy Solution, Ltd.

Headquarters: Seoul, South Korea
Key Offering: PLI batteries for electric vehicles, mobility, IT, and ESS

LG Energy Solution is one of the world’s largest battery manufacturers, with a diverse portfolio of PLI batteries. The company is a strategic partner to global automakers like General Motors, Hyundai, and Tesla, supplying cutting-edge battery cells and packs.

Innovation Initiatives:

• Pioneering lithium-silicon and NCMA (Nickel Cobalt Manganese Aluminum) cathode technologies

• Aggressive global manufacturing footprint expansion

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8️⃣ 3. Panasonic Holdings Corporation

Headquarters: Kadoma, Osaka, Japan
Key Offering: Cylindrical and prismatic PLI batteries for automotive and industrial applications

Panasonic is a veteran in battery technology, famously partnering with Tesla for its Gigafactory operations. The company’s high-energy-density cylindrical cells are an industry benchmark for performance and reliability in the EV sector.

Innovation Initiatives:

• Investment in 4680 format battery cell production

• Research into cobalt-free battery chemistries to reduce costs and ethical concerns

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7️⃣ 4. CATL (Contemporary Amperex Technology Co. Limited)

Headquarters: Ningde, Fujian, China
Key Offering: LFP (Lithium Iron Phosphate) and NMC (Lithium Nickel Manganese Cobalt Oxide) PLI batteries

CATL is the world’s leading battery manufacturer by volume, dominating the market with its cost-effective and safe LFP battery technology. The company supplies nearly every major automaker and is rapidly expanding its international presence.

Innovation Initiatives:

• Launch of condensed battery technology with ultra-high energy density

• Development of sodium-ion batteries as an alternative chemistry

Download FREE Sample Report:
Rechargeable PLI Battery Market – View in Detailed Research Report

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6️⃣ 5. SK on Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: High-nickel NCM PLI batteries for electric vehicles

SK on, spun off from SK Innovation, is a fast-growing battery maker known for its high-performance, high-nickel NCM batteries. The company has secured long-term supply agreements with Ford, Hyundai, and Volkswagen, driving significant capacity growth.

Innovation Initiatives:

• Focus on ultra-fast charging battery technology

• Development of Z-folding method for enhanced battery safety and energy density

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5️⃣ 6. BYD Company Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: Blade Battery (LFP) and other PLI batteries for its EVs and external customers

BYD is unique as a vertically integrated automaker and battery producer. Its signature Blade Battery, an LFP-based PLI battery, is celebrated for passing rigorous nail penetration tests, setting a new standard for safety in the industry.

Innovation Initiatives:

• Vertical integration from raw materials to finished vehicles

• Continuous improvement of the Blade Battery’s energy density and performance

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4️⃣ 7. Amperex Technology Limited (ATL)

Headquarters: Dongguan, Guangdong, China
Key Offering: PLI batteries for consumer electronics (smartphones, laptops, drones)

ATL is a world-leading manufacturer of lithium-ion polymer batteries for the consumer electronics industry. It is a primary supplier for Apple, Samsung, and other top-tier smartphone and laptop brands, known for its high quality and reliability.

Innovation Initiatives:

• Leading R&D in fast-charging and high-cycle-life batteries for mobile devices

• Expansion into new application areas like electric two-wheelers and power banks

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3️⃣ 8. Tianjin Lishen Battery Joint-Stock Co., Ltd.

Headquarters: Tianjin, China
Key Offering: Cylindrical, prismatic, and polymer Li-ion batteries

Lishen Battery is one of China’s top state-owned battery makers, producing a wide range of PLI batteries for applications from consumer electronics to electric vehicles and energy storage. It has a significant market share in China and a growing international footprint.

Innovation Initiatives:

• Development of batteries for special applications, including aerospace and military

• Investment in next-generation anode and cathode materials

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2️⃣ 9. Murata Manufacturing Co., Ltd.

Headquarters: Nagaokakyo, Kyoto, Japan
Key Offering: Miniature and ultra-thin PLI batteries for IoT devices and wearables

Murata, which acquired Sony’s battery business, specializes in small, high-performance PLI batteries for the Internet of Things (IoT), wearables, and medical devices. The company is known for its expertise in miniaturization and reliability.

Innovation Initiatives:

• Pioneering solid-state battery technology for micro-mobility and IoT

• Focus on safety and longevity for mission-critical applications

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1️⃣ 10. A123 Systems, LLC

Headquarters: Waltham, Massachusetts, USA
Key Offering: Nanophosphate® lithium-ion batteries for automotive, commercial, and industrial markets

A123 Systems, a subsidiary of the Chinese Wanxiang Group, is a key player in the North American market, known for its high-power and safe Nanophosphate® lithium-ion technology. It supplies battery systems for hybrid electric vehicles, start-stop systems, and grid storage.

Innovation Initiatives:

• Development of 12V lithium-ion batteries to replace lead-acid in vehicles

• Focus on low-temperature performance and rapid recharge capabilities

Get Full Report Here:
Rechargeable PLI Battery Market – View in Detailed Research Report

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🌍 Outlook: The Future of Rechargeable PLI Batteries Is Smarter, Safer, and More Sustainable

The rechargeable PLI battery market is undergoing a profound evolution. While current lithium-ion technology dominates, the industry is heavily investing in next-generation chemistries, advanced manufacturing processes, and global supply chain resilience to meet the explosive demand.

📈 Key Trends Shaping the Market:

• Accelerated adoption of LFP chemistry for its cost and safety advantages outside of China

• Intensive R&D into solid-state batteries promising higher energy density and safety

• Vertical integration by automakers and battery manufacturers to secure supply chains

• Growing emphasis on battery recycling and circular economy principles

Get Full Report Here:
Rechargeable PLI Battery Market – View in Detailed Research Report

The companies listed above are not only powering our devices and vehicles—they are building the foundational technology for a fully electrified and sustainable future.