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A detailed look at the battery market for electric cars

In recent years, it has increasingly focused on the development of environmentally friendly transport, especially electric cars. A crucial part of these cars is the rechargeable battery that powers their movement. Companies producing such batteries are increasingly making headlines stock sorterwhose achievements and prospects attract the attention of investors.

While China remains the largest producer of traction batteries and their components, other regions need to localize battery production for the smooth development of their automotive industry. American authorities lure manufacturers with rich subsidies, while the European market cannot offer comparable conditions.

At the same time Tesla (NASDAQ: TSLA), based in the United States, is one of the pioneers in the production of electric cars and batteries. Founded in 2003, Tesla is actively developing and taking a leading position in the global battery market. Tesla is one of the few companies that produces batteries not only for its electric cars, but also for third-party manufacturers, making it a major player in the emerging market.

Panasonic (TSE:6752) stands a little apart. Although the company is one of the largest manufacturers of electronics and household appliances in the world, since the beginning of 2010 it has been actively engaged in the development and production of batteries for electric cars. The main advantage of Panasonic batteries is their high performance and long service life. The company works closely with Tesla and Nissan, contributes to technological progress and offers batteries with different characteristics for different models of electric cars.

LG Chem (KRX:051910), a South Korean chemical company, has a significant share of the EV battery market thanks to its innovative technology and high-quality products. LG Chem batteries are highly efficient, which makes them attractive to manufacturers around the world. The company actively cooperates with manufacturers around the world and expands its presence in the battery market for electric cars and trucks.

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Samsung SDI (KRX:006400), a subsidiary of Samsung based in Korea, is also actively strengthening its presence in the global electric car market, working with leading manufacturers such as Tesla and BMW. Its batteries are characterized by high energy density, which contributes to increasing the range of the electric car and shortening the charging time.

It is worth noting that Chinese companies control 75% of the global market for graphite used in traction battery anodes and are planning global expansion with a focus on Europe due to protective legislative measures in the US.

China’s Contemporary Amperex Technology Company Limited (CATL) is a growth leader in the development and production of lithium-ion batteries for various purposes, including electric vehicles. CATL has extensive battery manufacturing facilities to compete in the global market and expand its services and products to the west.

The segment of battery manufacturers for electric cars is dynamic and rapidly developing. It is advisable to thoroughly research the companies in this sector and consider adding some to your portfolio as they continue to grow.

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