The global leading companies in the lithium-ion battery market were located in China, Japan, and South Korea. With a revenue of over 85 billion U.S. dollars, the Chinese company BYD was the largest lithium-ion battery company worldwide.
Revenue of largest lithium-ion battery companies worldwide in 2023
(in billion U.S. dollars)
*Toshiba's revenue for October 2022 to September 2023
Supplementary notes
BYD, Hitachi, Panasonic, CATL, and Toshiba revenue according to the website companiesmarketcap.com for the period January to December 2023.
LG Energy revenue for financial year 2023 from LG Energy Solution annual report 2024, page 33. Figure converted to US dollars using a conversion rate of 1 Korean won = 0.00077 US dollars.
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Statista. (January 8, 2025). Revenue of largest lithium-ion battery companies worldwide in 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 09, 2025, from https://www.statista.com/statistics/1419879/largest-lithium-ion-battery-companies-worldwide-by-revenue/
Statista. "Revenue of largest lithium-ion battery companies worldwide in 2023 (in billion U.S. dollars)." Chart. January 8, 2025. Statista. Accessed January 09, 2025. https://www.statista.com/statistics/1419879/largest-lithium-ion-battery-companies-worldwide-by-revenue/
Statista. (2025). Revenue of largest lithium-ion battery companies worldwide in 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 09, 2025. https://www.statista.com/statistics/1419879/largest-lithium-ion-battery-companies-worldwide-by-revenue/
Statista. "Revenue of Largest Lithium-ion Battery Companies Worldwide in 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jan 2025, https://www.statista.com/statistics/1419879/largest-lithium-ion-battery-companies-worldwide-by-revenue/
Statista, Revenue of largest lithium-ion battery companies worldwide in 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1419879/largest-lithium-ion-battery-companies-worldwide-by-revenue/ (last visited January 09, 2025)
Revenue of largest lithium-ion battery companies worldwide in 2023 (in billion U.S. dollars) [Graph], Statista, January 8, 2025. [Online]. Available: https://www.statista.com/statistics/1419879/largest-lithium-ion-battery-companies-worldwide-by-revenue/
