Prismatic Lithium Batteries in Automotive

Prismatic Lithium Batteries in Automotive Market Outlook

The global prismatic lithium batteries market in the automotive sector is expected to reach approximately $XX billion by 2035, growing at a remarkable CAGR of XX% between 2025 and 2035. This growth can be attributed primarily to the increasing demand for electric and hybrid vehicles, driven by a global push toward sustainable energy sources and the reduction of greenhouse gas emissions. Moreover, advancements in battery technology, such as improved energy density and charging capabilities, are enhancing the feasibility of lithium batteries in various automotive applications. The growing emphasis on electric mobility, coupled with government incentives for EV adoption, is further propelling the growth of this market. Additionally, the rising consumer awareness about the benefits of electric vehicles (EVs) is contributing to the increasing penetration of prismatic lithium batteries in the automotive sector.

Growth Factor of the Market

The prismatic lithium batteries market in the automotive industry is significantly influenced by several key growth factors. First, the increasing production of electric vehicles is a major driver, as manufacturers seek to enhance vehicle range and reduce charging times. This urgency for better performance is pushing the demand for advanced lithium batteries. Second, stringent environmental regulations across various regions, including emissions targets set by governments, are compelling automotive players to shift towards electric and hybrid models, further boosting the need for efficient battery solutions. Third, technological innovations in battery chemistry and manufacturing processes that promise enhanced safety, energy density, and cycle life are attracting investments in prismatic lithium battery production. Moreover, the expansion of charging infrastructure is alleviating consumer concerns about range anxiety, thus facilitating increased adoption of electric vehicles. Lastly, partnerships between automakers and battery manufacturers are fostering collaborative advancements in battery technology, resulting in a more robust supply chain and availability of prismatic lithium batteries.

Key Highlights of the Market

• Significant growth projected in the electric vehicle segment, driving demand for lithium batteries.
• Technological advancements yielding improved battery efficiency and safety features.
• Government incentives aiding consumer adoption of electric and hybrid vehicles.
• Emerging partnerships between automotive manufacturers and battery technology firms.
• Increasing awareness about sustainability and environmental impact among consumers.

By Product Type

Lithium Iron Phosphate (LFP)

Lithium Iron Phosphate (LFP) batteries have gained traction in the automotive sector due to their enhanced safety profiles and thermal stability, making them suitable for various applications. Their long cycle life and robustness in harsh conditions are key attributes that appeal to manufacturers. The lower energy density compared to other lithium batteries is compensated by a longer lifespan, making LFP batteries particularly attractive for electric buses and commercial vehicles. Additionally, LFP batteries are cost-effective, which further bolsters their adoption in budget-friendly EV models. As manufacturers aim to achieve a balance between cost and performance, LFP batteries are likely to hold a significant share in the overall prismatic lithium battery market.

Lithium Nickel Manganese Cobalt Oxide (NMC)

Lithium Nickel Manganese Cobalt Oxide (NMC) batteries are noted for their high energy density and superior thermal stability, making them ideal for electric vehicles that require extended range capabilities. The unique combination of nickel, manganese, and cobalt in the cathode material allows for improved performance and longevity, which is crucial for the evolving demands of the automotive sector. NMC batteries are increasingly used in high-performance electric vehicles, where longer driving ranges and fast charging capabilities are required. However, concerns about the supply chain for cobalt and nickel may influence the future production strategies and costs associated with NMC batteries, prompting manufacturers to explore alternatives and recycling options.

Lithium Nickel Cobalt Aluminum Oxide (NCA)

Lithium Nickel Cobalt Aluminum Oxide (NCA) batteries are known for their high energy density and excellent thermal stability, making them suitable for high-performance electric vehicles. NCA batteries can deliver superior energy capacity, which allows for longer ranges and reduced weight in automotive applications. These batteries have been widely adopted by leading electric vehicle manufacturers, particularly those aiming for high-performance and luxury vehicles. However, the reliance on cobalt raises concerns about supply chain sustainability, prompting research into cobalt-free alternatives. As manufacturers navigate these challenges, NCA batteries are expected to remain significant in the premium segment of the automotive market.

Lithium Titanate (LTO)

Lithium Titanate (LTO) batteries offer unique characteristics such as ultra-fast charging and long cycle life, making them suitable for applications that demand high power and quick energy replenishment. These batteries are particularly beneficial in public transportation vehicles, such as buses and trams, where rapid charging capabilities can significantly improve operational efficiency. Although LTO batteries have a lower energy density compared to other lithium-ion batteries, their longevity and safety features make them a preferred choice for certain applications. As cities continue to adopt electric public transportation systems, the demand for LTO batteries is anticipated to grow, aligning with government sustainability targets.

Lithium Manganese Oxide (LMO)

Lithium Manganese Oxide (LMO) batteries are characterized by their excellent thermal stability, low cost, and safety, making them a viable option for various automotive applications. LMO batteries are commonly used in hybrid vehicles and entry-level electric models due to their balance of performance and affordability. These batteries provide reliable power output, making them suitable for vehicles that do not require extreme range or performance. As more consumers shift towards cost-effective electric vehicles, the demand for LMO batteries is expected to increase, reinforcing their position in the prismatic lithium battery market.

By Application

Electric Vehicles

The electric vehicles segment is a primary driver for the prismatic lithium batteries market, as the demand for clean and efficient transportation solutions continues to surge. With the global automotive industry making a significant transition toward electrification, prismatic lithium batteries play a crucial role in enhancing vehicle performance, safety, and driving range. Innovations in battery technology are enabling higher energy densities, which are essential for electric vehicles to compete with conventional gasoline-powered models. Furthermore, the increasing presence of government mandates and consumer preference for eco-friendly transportation options are expected to further propel the adoption of prismatic lithium batteries in electric vehicles. As the market matures, the focus on improving battery lifespan and reducing costs will remain pivotal to sustaining growth in this segment.

Hybrid Vehicles

Hybrid vehicles represent a significant segment within the automotive market, utilizing prismatic lithium batteries to optimize fuel efficiency and reduce emissions. These vehicles leverage the synergy between internal combustion engines and electric propulsion, offering drivers the benefits of both technologies. Prismatic lithium batteries in hybrid applications are engineered to facilitate regenerative braking and power assist functions, enhancing overall vehicle efficiency. As consumer awareness about environmental impact rises, the hybrid vehicle segment is expected to remain robust, with prismatic batteries being integral to their performance. Improved battery management systems and advancements in chemistries will further enhance the viability of hybrid vehicles in the market.

Plug-in Hybrid Vehicles

Plug-in hybrid vehicles (PHEVs) are becoming increasingly popular as consumers seek versatile options that allow for electric-only driving combined with the reassurance of a gasoline engine. Prismatic lithium batteries are critical for PHEVs, providing the necessary energy storage to support extended electric driving ranges. The flexibility of charging from both electric sources and traditional fuel allows PHEVs to cater to a wider audience, especially those reluctant to fully commit to electric vehicles. As the technology progresses and battery costs decrease, PHEVs are likely to gain further traction, bolstering the demand for prismatic lithium batteries in this category.

Others

In addition to electric and hybrid vehicles, prismatic lithium batteries find applications in various other automotive sectors, including energy storage systems and commercial vehicles. The versatility of prismatic batteries allows them to be utilized in applications requiring high power output and rapid charging, such as delivery vans and buses. These batteries support not only vehicle electrification but also contribute to renewable energy integration by managing energy storage during peak demand times. As the automotive landscape evolves towards greater electrification, the 'Others' segment is likely to experience growth, driven by innovations and new applications for prismatic lithium battery technology.

By Distribution Channel

OEMs

Original Equipment Manufacturers (OEMs) play a pivotal role in the distribution of prismatic lithium batteries within the automotive market. As primary producers of electric and hybrid vehicles, OEMs are increasingly investing in battery technology to ensure compatibility and performance in their vehicles. Collaborations between automakers and battery manufacturers are common, yielding more efficient, tailored battery systems that meet specific vehicle requirements. By sourcing prismatic lithium batteries directly from manufacturers, OEMs can enhance production processes and reduce lead times, ultimately providing consumers with better options in terms of performance and pricing. As the electric vehicle market expands, OEMs will be crucial in driving the adoption and integration of advanced battery technologies.

Aftermarket

The aftermarket distribution channel for prismatic lithium batteries is gaining momentum as consumers seek replacement and upgrade options for their vehicles. As electric and hybrid vehicles mature in the market, the need for aftermarket support becomes essential, including battery replacements and service. Many vehicle owners are opting to upgrade their battery systems to improve performance or extend the lifespan of their vehicles, thereby increasing the demand for prismatic lithium batteries in the aftermarket segment. The growth in this channel is further supported by advancements in battery recycling and refurbishment technologies, making it more feasible for consumers to replace and upgrade their existing battery systems without incurring significant costs. As awareness and availability of aftermarket options grow, this segment is expected to experience substantial growth in alignment with the overall automotive market.

By Material Type

Cathode Material

Cathode materials are critical components in the performance of prismatic lithium batteries, directly impacting their energy capacity and safety. The choice of cathode material influences the overall cost, energy density, and thermal stability of the battery. Lithium iron phosphate (LFP), lithium nickel manganese cobalt oxide (NMC), and lithium nickel cobalt aluminum oxide (NCA) are commonly employed materials, each offering distinct advantages suited to specific applications. As manufacturers strive to optimize battery performance, research into alternative cathode materials is ongoing. The demand for high-performance cathodes is expected to drive innovation and investment in this segment, as the automotive industry continues to prioritize sustainability and efficiency.

Anode Material

Anode materials play an equally important role in determining the efficiency and lifespan of prismatic lithium batteries. Typically composed of graphite, anode materials contribute significantly to the overall energy storage capabilities of the battery. Innovations in anode technology, such as silicon-based anodes, are emerging to enhance energy density and charging performance. As the automotive sector pivots towards electric mobility, the demand for advanced anode materials is anticipated to rise, triggering research and development efforts focused on improving performance and reducing costs. The evolving landscape of battery technology will likely enable the integration of novel materials that further enhance the functionality of prismatic lithium batteries in automotive applications.

Electrolyte Material

The electrolyte material in prismatic lithium batteries is crucial for facilitating the movement of lithium ions between the anode and cathode during charging and discharging cycles. The choice of electrolyte not only affects the efficiency of the battery but also its safety and thermal performance. Advanced electrolyte formulations, including solid-state electrolytes, are being researched to enhance battery performance and mitigate risks associated with traditional liquid electrolytes. As the demand for safer and more efficient batteries continues to grow, the electrolyte material segment is expected to see substantial innovation. Manufacturers will likely prioritize developing advanced electrolytes that can perform effectively under high-stress conditions, which is essential for automotive applications.

Others

The 'Others' segment encompasses additional materials used in the construction of prismatic lithium batteries, which may include separator films, additives, and packaging materials. These components, while often overlooked, play a vital role in ensuring the integrity, safety, and efficiency of the batteries. Innovations in these materials can lead to improvements in overall battery performance and reliability, making them essential to the manufacturing process. As the automotive industry emphasizes sustainability, there will be a greater focus on sourcing eco-friendly materials and enhancing recycling processes for all components of lithium batteries. This segment is expected to evolve alongside broader trends in battery technology and materials science.

By Region

In terms of regional analysis, North America is projected to be a significant market for prismatic lithium batteries in the automotive sector. The region is witnessing a surge in electric vehicle adoption driven by federal incentives and consumer demand for sustainable transportation solutions. Major automotive manufacturers in the U.S. are heavily investing in electric mobility, contributing to the increased demand for advanced battery technologies. By 2035, it is estimated that North America will account for approximately XX% of the total prismatic lithium battery market share. Moreover, with advancements in battery manufacturing infrastructure and the establishment of research-and-development centers, the region is poised for robust growth in the coming years.

On the other hand, the Asia Pacific region is anticipated to dominate the prismatic lithium batteries market due to its rapid industrialization and robust production capabilities. Countries such as China, Japan, and South Korea are leading players in battery technology and electric vehicle manufacturing. By 2035, the Asia Pacific market is projected to grow at a CAGR of XX%, substantially outpacing other regions. The increasing focus on renewable energy and government policies promoting electric vehicles are fostering a conducive environment for market growth. With significant investments in research and development, as well as an expanding charging infrastructure, the Asia Pacific region is set to experience unparalleled growth in the prismatic lithium battery market.

Opportunities

The prismatic lithium batteries market holds immense opportunities for growth in the automotive sector, particularly as global trends continue to favor electrification and sustainability. One of the primary opportunities lies in the integration of advanced battery technologies that enhance energy density and reduce charging times. As manufacturers strive to meet consumer demand for longer ranges and faster charging, there is a significant market for innovative battery solutions that address these needs. Additionally, the ongoing development of solid-state battery technology presents a promising avenue for the automotive industry, as it offers the potential for increased safety and efficiency. The growing interest in battery recycling and second-life applications also presents opportunities for companies to capitalize on a circular economy, reducing waste and promoting sustainability within the industry.

Another opportunity arises from the increasing collaboration between automotive manufacturers and technology firms. As automakers seek to enhance their electric vehicle offerings, partnerships with battery technology companies can facilitate the development of cutting-edge solutions that improve performance and reduce costs. Furthermore, expanding infrastructure for electric vehicles, including charging stations, provides an opportunity for businesses involved in the production and installation of charging systems. The rise in consumer awareness regarding the environmental impact of traditional vehicles also signifies an opportunity for those in the prismatic lithium battery market to create thoughtful marketing strategies that highlight the benefits of electric mobility. Overall, the confluence of technological advancements, regulatory support, and consumer demand creates a fertile landscape for growth in this market.

Threats

Despite the promising outlook for the prismatic lithium batteries market, there are several threats that could hinder its growth. One of the most pressing threats is the volatility of raw material prices associated with lithium, cobalt, and nickel, which can significantly affect production costs and profit margins. The reliance on these materials raises concerns about supply chain stability, particularly as global demand for electric vehicles continues to surge. Additionally, geopolitical tensions and trade disputes could disrupt the supply chain, affecting availability and pricing. Furthermore, the environmental impact of lithium mining and the ethical sourcing of materials are increasingly coming under scrutiny, which could lead to regulatory changes that impose further constraints on the industry.

Another notable threat is the rapid pace of technological advancements that could outdate existing battery technologies. As new battery chemistries and alternatives emerge, such as solid-state batteries or hydrogen fuel cells, there is a risk that prismatic lithium batteries may become less competitive in the market. Additionally, consumer preferences could shift toward these newer technologies, potentially impacting sales and market share for prismatic lithium batteries. Companies must remain vigilant and adaptable to emerging trends and technologies to maintain their competitive edge. Lastly, safety concerns related to battery performance, including issues such as thermal runaway, could pose challenges to market growth, as consumers prioritize safety in their vehicle choices.

Competitor Outlook

• Panasonic Corporation
• LG Chem
• Samsung SDI
• CATL (Contemporary Amperex Technology Co. Ltd.)
• BASF SE
• Tesla, Inc.
• SK Innovation
• BYD Company Limited
• Hitachi Chemical Co.
• Johnson Controls International plc
• Farasis Energy, Inc.
• Amperex Technology Limited (ATL)
• Northvolt AB
• A123 Systems LLC
• Furukawa Electric Co., Ltd.

The competitive landscape of the prismatic lithium batteries market in the automotive sector is characterized by a blend of established players and emerging startups striving to innovate and gain market share. Major corporations such as Panasonic, LG Chem, and CATL are at the forefront, leveraging their extensive experience in battery manufacturing and advanced technology capabilities to deliver high-performance prismatic lithium batteries. These companies have established strong supply chains and R&D facilities that enable them to stay ahead of the competition and cater to the ever-evolving demands of the automotive market. Collaboration with automotive manufacturers and investments in new technologies are crucial strategies employed by these industry giants to enhance their offerings and strengthen their market position.

Emerging companies like Northvolt and Farasis Energy are also making waves in the prismatic lithium battery space, focusing on sustainable and eco-friendly battery solutions. These newcomers are capitalizing on the increasing consumer demand for environmentally responsible products and are dedicated to developing innovative technologies that minimize the environmental impact of battery production. Furthermore, collaborations between traditional automotive manufacturers and tech startups are becoming more prevalent, as the industry recognizes the need for agility and innovation to remain competitive. This dynamic landscape fosters a spirit of collaboration and competition, driving advancements in battery technology and accelerating the adoption of electric vehicles.

As the automotive industry continues to transition towards electrification, the focus on research and development will play a pivotal role in shaping the future of prismatic lithium batteries. Leading companies are investing heavily in next-generation battery technologies, such as solid-state batteries and advancements in thermal management systems, which promise to enhance safety and performance. Additionally, the exploration of alternative materials to reduce reliance on scarce resources is gaining traction. The future competitive outlook for the prismatic lithium batteries market will depend on the ability of companies to innovate and adapt to changing market dynamics, regulatory pressures, and consumer preferences.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 LG Chem
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Samsung SDI
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Tesla, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Northvolt AB
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 SK Innovation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 A123 Systems LLC
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 BYD Company Limited
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Farasis Energy, Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Hitachi Chemical Co.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Panasonic Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Furukawa Electric Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Amperex Technology Limited (ATL)
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Johnson Controls International plc
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 CATL (Contemporary Amperex Technology Co. Ltd.)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Prismatic Lithium Batteries in Automotive Market, By Application
    • 6.1.1 Electric Vehicles
    • 6.1.2 Hybrid Vehicles
    • 6.1.3 Plug-in Hybrid Vehicles
    • 6.1.4 Others
  • 6.2 Prismatic Lithium Batteries in Automotive Market, By Product Type
    • 6.2.1 Lithium Iron Phosphate (LFP)
    • 6.2.2 Lithium Nickel Manganese Cobalt Oxide (NMC)
    • 6.2.3 Lithium Nickel Cobalt Aluminum Oxide (NCA)
    • 6.2.4 Lithium Titanate (LTO)
    • 6.2.5 Lithium Manganese Oxide (LMO)
  • 6.3 Prismatic Lithium Batteries in Automotive Market, By Material Type
    • 6.3.1 Cathode Material
    • 6.3.2 Anode Material
    • 6.3.3 Electrolyte Material
    • 6.3.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Prismatic Lithium Batteries in Automotive Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Prismatic Lithium Batteries in Automotive market is categorized based on

By Product Type

• Lithium Iron Phosphate (LFP)
• Lithium Nickel Manganese Cobalt Oxide (NMC)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)
• Lithium Titanate (LTO)
• Lithium Manganese Oxide (LMO)

By Application

• Electric Vehicles
• Hybrid Vehicles
• Plug-in Hybrid Vehicles
• Others

By Material Type

• Cathode Material
• Anode Material
• Electrolyte Material
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Panasonic Corporation
• LG Chem
• Samsung SDI
• CATL (Contemporary Amperex Technology Co. Ltd.)
• BASF SE
• Tesla, Inc.
• SK Innovation
• BYD Company Limited
• Hitachi Chemical Co.
• Johnson Controls International plc
• Farasis Energy, Inc.
• Amperex Technology Limited (ATL)
• Northvolt AB
• A123 Systems LLC
• Furukawa Electric Co., Ltd.