LG Chem could overtake current EV battery leader Panasonic
Panasonic is currently the leader in the EV battery market, but LG Chem has the potential to overtake it in what will be a $30bn market in 2020, according to a new report entitled “Watch the Throne: How LG Chem and Others Can Take Panasonic’s EV Battery Crown by 2020” by Lux Research. Panasonic's 39% share of the battery market for plug-in vehicles makes it the leading supplier, but its reliance on a single deal with Tesla leaves it vulnerable. LG Chem is definitely its main rival, having already signed up General Motors, Volkswagen, Daimler, Ford, and (as of yesterday) Changan Automobile, China's largest auto manufacturer. In the event of an increase in sales of plug-in hybrids (PHEVs) by the German manufacturers, LG Chem would only need to win over Nissan to push Panasonic off the top spot, according to this report. 
For now, Panasonic rules the battery landscape for plug-in vehicles. It has just one large-volume supply relationship – it sells to Tesla Motors. Astonishingly, that single deal with a niche OEM outperforms more than a dozen other deals that Panasonic’s competitors LG Chem, Samsung SDI, and others h...

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