Top 10 Secondary Battery Companies Advancing Energy Storage with Solid-State Innovation and High-Performance Rechargeable Technologies

Secondary batteries emerged in 1850s, when French inventors manufactured first rechargeable lead-acid cell by sandwiching lead plates in sulfuric acid. This allowed for repeated charge cycles that powered early telegraphs and lighthouses with simple chemical reactions. Currently developing solid-state electrolytes ensure safe operations by avoiding flammable liquids, while silicon anodes enhance energy density for longer-range applications. Fast-charging infrastructure are also adopting modern cooling system to handle high currents. Additionally, the industry is moving toward flexible batteries that adapt to wearable devices and vehicles. Pioneering firms are also investing in recycling processes that recover valuable metals, thus fostering sustainability.

Fortune Business Insights reported that the industry for secondary battery is noticing a substantial growth with a CAGR of 10.45% and is expected to reach a revenue of USD 190.95 billion in 2026 to USD 422.77 billion by 2034.

List of Top 10 Secondary Battery Companies Reported by Fortune Business Insights

1. CATL

CATL, headquartered in China, stands out in producing secondary batteries through large-scale lithium-ion and sodium-ion cell development for electric vehicles and energy storage. In July 2021, the company revealed its first-generation sodium-ion battery, and in 2024 it continued advancing high-density chemistries and pack integration. Its Qilin battery platform has reinforced CATL’s position with better space use, safety, and charging performance, while its broad supplier network and manufacturing scale continue to support automakers and storage developers across global electrification programs.

2. LG Energy Solution Ltd.

LG Energy Solution Ltd. is a significant secondary battery supplier and one of the top 10 secondary battery companies with operations across EV, ESS, and mobility applications. In June 2025, the company outlined a technology roadmap that covered premium, standard, and affordable battery tiers, by partnering with GM advanced lithium manganese rich prismatic cells for upcoming vehicles. Headquartered in South Korea, the company’s product range includes cylindrical, pouch, and prismatic cells, giving the firm flexibility across vehicle classes and stationary storage systems.

3. Panasonic Holdings Corporation

Panasonic Holdings Corporation, headquartered in Japan, is a renowned name in secondary batteries industry, with a focus on high-performance lithium-ion cells for electric vehicles. In September 2024, the company started production of its next-generation 4680 cylindrical cell at the Wakayama plant, marking an important step in its manufacturing renewal. In July 2025, the company announced the opening of its new EV cylindrical lithium-ion secondary battery production in Missouri.

4. Samsung SDI Co., Ltd.

Headquartered in South Korea, Samsung SDI Co., Ltd. delivers advanced secondary batteries for electric vehicles, energy storage, and industrial applications. The company offers an all-solid-state battery roadmap, including ultra-fast charging, long-life cells, and module-less CTP architecture. It highly focuses on safety, energy density, and future-ready chemistry. In December 2025, the company signed a Memorandum of Understanding (MOU) with leading Korean automaker KG Mobility (KGM).

5. BYD Company Ltd.

BYD Company Ltd., one of the top 10 secondary battery companies, headquartered in China, operates as both a vehicle maker and a major battery producer with a hold on secondary batteries. Its Blade Battery has become a central product, known for safety, structural efficiency, and long life cycle in electric vehicles and storage systems. BYD extended battery-linked manufacturing and overseas vehicle operations, strengthening vertical integration across cells, packs, and end products. This structure gives the company notable control over cost, quality, and scale.

6. SK On Co., Ltd.

SK On Co., Ltd., headquartered in South Korea, supplies lithium-ion secondary batteries for electric vehicles through a growing global production footprint. The company focuses on high-nickel pouch cells, which support long range, fast charging, and strong thermal performance in premium EV platforms. SK On has expanded partnerships with automakers and invested in North American capacity. Its strategy centers on scale, reliability, and chemistry improvement for global vehicle programs.

7. Saft Groupe S.A. (TotalEnergies)

Saft Groupe S.A., operating under TotalEnergies, headquartered in France, offers secondary battery systems for transportation, defense, industrial activities, and grid storage. Its lithium-ion and nickel-based battery lines serve demanding applications where durability and safety are critical. Saft advanced industrial storage projects and ongoing work on next-generation battery technologies under the TotalEnergies umbrella.

8. GS Yuasa Corporation

GS Yuasa Corporation, headquartered in Japan, is a leading secondary battery producer with a strong base in automotive, motorcycle, industrial, and aerospace applications. The company’s lithium-ion batteries and lead-acid systems continue to support mobility and backup power needs globally. Its long manufacturing history and technical depth remain central to its battery reputation. In May 2023, the company collaborated with Honda Motor Co., Ltd. to develop the next gen lithium-ion batteries for electric vehicles.

9. Exide Industries Ltd.

Headquartered in India, Exide Industries Ltd. is a major secondary battery manufacturer serving for automotive, industrial, and renewable-energy applications. The company’s lead-acid and lithium-ion offerings support starter batteries, traction needs, and energy storage systems across various customer segments. Exide advanced its battery business through production planning, capacity expansion, and lithium-ion project development in India. Its broad distribution base and established brand strength continue to make it a key supplier in the country’s energy transition.

10. Toshiba Corporation

Toshiba Corporation, headquartered in Japan, has played an important role in secondary batteries through its SCiB lithium-ion technology, known for fast charging, long cycle life, and strong safety performance. The company supplies batteries for rail, industrial, grid, and mobility uses, where reliability matters more than simple energy density. Toshiba continued to promote SCiB-based solutions for transport and storage systems while refining manufacturing and application support. In August 2025, the company in collaboration with battery-tech startup Naturenix Inc. are evolving their secondary battery subscription demonstration project for electric motorcycle taxis across Bangkok, Thailand.

Increasing Focus on Solid-State Battery Designs is Revolutionizing the Future of Secondary Batteries Industry

Secondary battery technology will lead energy storage applications in the coming decade as solid-state designs deliver higher energy density with increased safety. Fast-charging procedures powered by composite cathodes will reduce refueling times, while sodium-ion variants will eliminate supply chain vulnerabilities associated with critical minerals. Currently, smart battery management systems also utilize digital twins and cloud analytics to improve the battery lifespan and predict maintenance. Concepts including quantum batteries focuses on improving charging times and optimizing cell performance. Additionally, companies will standardize designs allowing for seamless scaling from consumer electronics to heavy industry.