In the U.S., around 292 companies produce automotive batteries, creating over 34,891 jobs. Key manufacturers include Johnson Controls, Exide, and East Penn. Globally, companies like C&D Technologies and CLARIOS also contribute to the market by producing batteries for both retail cars and electric vehicles.
These companies produce batteries for various vehicle types, including electric vehicles (EVs), hybrids, and conventional internal combustion engine vehicles. The growing demand for EVs has spurred innovation and investment in battery technology, resulting in increased competition and market diversification.
In addition to established manufacturers, new entrants and startups are emerging. This trend is notable in the EV segment, where companies pursue advancements in battery efficiency, capacity, and sustainability. These developments significantly influence the automotive battery market landscape.
As the industry evolves, partnerships and collaborations are becoming more common. Companies often team up with automotive manufacturers to enhance battery performance and reduce costs. This collaborative approach aims to meet the rising demand for cleaner, more efficient automotive solutions.
Next, we will explore key trends and challenges facing automotive battery manufacturers in this dynamic environment.
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