North America Lithium-Ion Battery

The North America lithium-ion battery market is expected to be valued at USD 31.93 billion in 2025 and grow to USD 67.79 billion by 2033, at a CAGR of 9.9% during the forecast period. This market, covering the US, Canada, and Mexico, is experiencing robust growth driven by increasing demand from electric vehicle (EV) manufacturers, energy storage system (ESS) providers, and consumer electronics companies. This growth is bolstered by favorable trade agreements such as the US–Mexico–Canada Agreement (USMCA), abundant lithium resources in the US, and national decarbonization goals, which attract significant investments in battery manufacturing.

Major players operating in the lithium-ion battery market: CATL (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD (China), and Samsung SDI (South Korea). To bolster their market presence and secure a larger share of the lithium-ion battery sector within the region, these enterprises are diligently implementing both organic and inorganic growth strategies.These encompass capacity enhancements, strategic alliances, technological collaborations, development of new products, and mergers and acquisitions. Through these initiatives, they have effectively expanded their manufacturing footprint, penetrated emerging markets, and enhanced their supply chain capabilities to meet the growing demand for electric mobility, energy storage, and industrial applications.

To know about the assumptions considered for the study download the pdf brochure

Contemporary Amperex Technology Co., Limited. (China):

CATL is expanding its presence in North America as demand for electric vehicles (EVs) and energy-storage systems accelerates across the United States, Canada, and Mexico. The company is fortifying collaborations with automotive original equipment manufacturers (OEMs), utility companies, and data-center operators by providing advanced lithium-ion technologies and scalable energy storage solutions. Additionally, CATL is assessing opportunities for local manufacturing, recycling initiatives, and supply-chain collaborations under the United States-Mexico-Canada Agreement (USMCA). These strategic efforts position the company to capitalize on the growing opportunities within the region’s clean energy and grid modernization sectors.

LG Energy Solution (South Korea):

LG Energy Solution is enhancing its expansion within North America through increased cell manufacturing capabilities, long-term supply agreements, and collaborative technological development with prominent Original Equipment Manufacturers (OEMs) throughout the region. Its sophisticated automotive and energy storage portfolios are instrumental in supporting the escalating production of electric vehicles (EVs) and initiatives aimed at modernizing power grids across the United States, Canada, and Mexico. Furthermore, the company is fortifying local supply chain resilience via strategic investments in materials, recycling partnerships, and research and development in next-generation batteries. These strategic initiatives affirm LG Energy Solution’s position as a key partner in the energy transition within North America.

SAMSUNG SDI (South Korea):

Samsung SDI has established itself as a prominent competitor within the lithium-ion battery industry, emphasizing both energy solutions and electronic materials. Its Energy Solutions division offers a comprehensive portfolio ranging from compact batteries for mobile devices to large-scale automotive batteries and energy storage solutions intended for commercial and residential applications. The company supports various sectors, including telecommunications and uninterruptible power supplies, with products engineered for efficiency and dependability. Significantly, Samsung SDI entered into a partnership with General Motors in August 2024 to create a joint venture in the US focused on electric vehicle battery manufacturing, a strategic initiative aimed at enhancing its presence in the highly competitive North American electric vehicle market.

Market Ranking

The North American lithium-ion battery market is relatively consolidated, with primary participants including Contemporary Amperex Technology Co Limited (China), BYD Company Ltd (China), LG Energy Solution (South Korea), Samsung SDI (South Korea), and Panasonic Holdings Corporation (Japan), collectively holding a significant market share. CATL leads the industry owing to its substantial production capabilities and a strong presence in electric vehicles and energy storage systems. BYD benefits from its vertically integrated operations and its dominant position within the electric vehicle market. LG Energy Solution has established its presence through international joint ventures with leading automakers. Samsung SDI continues to expand its influence through its diversified portfolio across electric mobility, stationary storage, and consumer electronics. Panasonic sustains its relevance through enduring partnerships and technical proficiency in automotive battery solutions. These companies persist in shaping the competitive landscape through investments in innovation, capacity expansion, and strategic collaborations.

Related Reports:

North America Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50–100 kWh, >100 kWh), Energy Storage (Residential, Utilities), Medical - Forecast to 2033

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441