Top 10 LiFePO4 Battery Manufacturers in China 2024

The lithium iron phosphate (LiFePO4) battery has become a popular energy storage and power solution due to its excellent safety features, long cycle life, and high energy density. Due to the growing popularity of electric vehicles as well as the need for grid-scale energy storage systems, LiFePO4 demand is on the rise, so understanding the market leaders is essential. Throughout this article, we will review the top 10 LiFePO4 battery manufacturers in China in 2024.

Shipment volume of lithium-ion batteries in China from 2019 to 2023

The following are some of the unique advantages of lithium iron phosphate batteries

• Voltages operating at high levels

• Energy density is high

• Cycle life is long

• Discharge rate is low

• No memory effect

• No maintenance required

• Eco-friendly

Part 1 Top 10 LiFePO4 Battery Manufacturers in China

• CATL (Contemporary Amperex Technology Co., Ltd.)

• BYD Co., Ltd.

• CALB Group Co., Ltd

• EVE Energy Co., Ltd.

• BSLBATT (BSL New Energy Technology Co., Ltd.)

• Tianjin LISHEN Battery Co., Ltd.

• Huizhou DESAY Industrial Co., Ltd.

• GOTION High-tech Co., Ltd.

• SUNWODA Electronic Co., Ltd.

• REPT BATTERO Energy Co., Ltd.

According to the data, The top 10 manufacturers with installed capacity of Lithium iron phosphate（LiFePO4）battery in China in 2023 are CATL, BYD, CALB, EVE, BSLBATT , LISHEN, DESAY, Gotion High-Tech, SUNWODA and  REPT BATTERO. Ten enterprises accounted for 98.7% of the total.

Part 2. Lithium-ion Battery Manufacturers Detailed Information

1.CATL

• Name: Contemporary Amperex Technology Co., Limited

• Location: Ningde, China

• Website: www.catl.com

• Main markets: North and South America, Asia, Europe

• Global locations: China, Germany, Hungary

• Production facilities: 13 production bases

• Certification: Cooperation with TUV SUV, UL, etc.

• Main products: 

• Lifepo4 battery pack 

• Passenger cars, commercial applications, energy storage systems.

In 2011, CATL was founded as a battery manufacturer and technology company in China, which manufactures lithium-ion batteries for electric vehicles, energy storage systems, battery management systems (BMS), large-scale grid energy storage systems, smart grid energy storage systems, and distributed home energy storage systems.

CATL’s installed battery capacity will reach 259.7GWh in 2023, up 40.8% from 184.4GWh in 2022. China remains the only battery supplier in the world with a market share of more than 30%, ranking first in the world with a 36.8% share.

2.BYD

• Name: BYD Company Limited

• Location: Shenzhen, China

• Website: www.byd.com

• Main markets: China and the world

• Global locations: 70 countries

• Production facilities: 20 super factories

• Certification: Cooperate with UL, SUV, TUV, etc.

Business scope: BYD is a Chinese multinational company that specializes in battery technology, electric vehicles, and alternative energy. One of the world’s largest manufacturers of lithium iron phosphate batteries, BYD has built a reputation for quality and innovation. Vertical integration, which includes in-house production of key battery components, allows the company to maintain a competitive advantage.

Main products: BYD produces a variety of LiFePO4 batteries, including blade batteries, prismatic batteries, cylindrical batteries, and pouch cells, for various applications, including electric vehicles, energy storage systems, and consumer electronics. LiFePO4 batteries from the company are known for their high energy density, long life, and enhanced safety features, making them a popular choice among industry experts.

3.CALB 

• Name: CALB Group Co., Ltd

• Location: Changzhou, China

• Website: http://en.calb-tech.com/

• Main markets: China and the world

• Global locations: China, Europe, North America

• Production facilities: 7 in China, 1 in Europe

• Main products:

• NCM lithium battery cells

CALB is a world-leading new energy technology company. For the new energy full-scenario application market represented by power and energy storage, it is dedicated to becoming an energy value creator, developing an integrated energy operation system, and providing complete product solutions and full life cycle management.

Business scope includes aircraft and automotive lithium-ion power batteries, battery management systems, energy storage batteries, and related solutions.

CALB will generate approximately 27.006 billion yuan in revenue in 2023, an increase of 32.5% over last year.

4.EVE

• Name:  EVE Energy Co., Ltd.

• Location: Huizhou, China

• Website: https://www.evebattery.com/en

• Main markets: China and the world

• Global locations: China, Europe, the United States, Canada

• Production facilities: 4 in China, 1 in Europe

The Huizhou Yiwei Lithium Energy Co., Ltd. (hereinafter referred to as Yiwei Lithium Energy) was founded in 2001 and listed in 2009. With core technologies and comprehensive solutions for consumer and power batteries, it has developed into a high-quality lithium battery platform enterprise. A wide range of its products are used in the fields of Internet of Things and Energy Internet.

All-round power batteries include square ternary batteries, square lithium iron phosphate batteries, soft-pack ternary batteries, large cylindrical batteries, and power energy storage battery systems, all of which are widely used in electric ships, engineering machinery, power energy storage, communication energy storage, home energy storage, and other industries.

On April 18, 2024, Yiwei Lithium Energy announced that its revenue in 2023 was 48.784 billion yuan, an increase of 34.38% year-on-year; its net profit attributable to shareholders was 4.05 billion yuan, an increase of 15.42% year-on-year; and its basic earnings per share were 1.98 yuan. Power battery shipments reached 28.08GWh, and operating revenue reached 23.984 billion yuan, up 64.22% and 31.41 % respectively over the same period; energy storage battery shipments reached 26.29GWh, and operating revenue reached 16.34 billion yuan, up 121.14% and 73.24% respectively.

5. BSLBATT

• Name: BSL New Energy Technology Co., Ltd.

• Location: Huizhou, China

• Website: https://www.bsl-battery.com/

• Main markets: North America, Central and South America, Europe, Asia, Africa, and the Middle East

• Global locations: 118 regional distributors worldwide

• Production facilities: 4 in China, 1 in Europe, and 1 in North America

• Main products:

low-speed vehicles (LSVs), multi-purpose task vehicles (UTVs), golf carts, aerial work platforms (AWP), motor homes (RV), Floor Machine (FM), ships, solar energy storage, solar off-grid commercial and industrial energy storage, industrial vehicles, forklifts, airport handling (GSE) and other industries.

BSL New Energy Technology Co., Ltd founded in 2011. Its predecessor was (HUIZHOU WISDOMCO.,LTDPOWER TECHNOLOGY). It has a professional lithium battery R&D team, deeply engaged in the technical R&D and production operations of the lithium battery industry, and is committed to creating and providing safe, durable and sustainable lithium iron phosphate (LiFePO4) technology batteries.

BSLBATT is a Chinese lithium battery manufacturer with 20 years of R&D experience. It has a lithium battery factory covering an area of ​​15,000 square meters and an annual output value of 3GWh. 

BSLBATT has branches in many regions around the world: such as Dallas, the Netherlands, Mexico, Japan, the United Kingdom, etc., with 118 global distributors. It is the first domestic forklift lithium battery manufacturer to obtain UL standards and is in an industry-leading position in material handling and golf cart applications. The company’s independently developed BMS battery management system and LiFePO4 batteries developed in strategic cooperation with EVE have become the first choice for global logistics, low-speed vehicle and other industries.

6. LISHEN Battery

• Name: Tianjin Lishen Battery Co., Ltd.

• Location: Tianjin, China

• Website: https://en.lishen.com.cn/

Tianjin Lishen Battery Co., Ltd.Founded on December 25, 1997, it is a state-owned high-tech enterprise. With a registered capital of approximately RMB 1.93 billion, it is the first lithium-ion battery manufacturing and R&D company in China. The company has been developing and manufacturing lithium-ion batteries for more than 26 years. With an annual production capacity of 31GWh lithium-ion batteries, it is among the top producers in the global lithium battery industry.

Besides portable mobile electronic devices, applications for products have also expanded to fields such as new energy electric vehicles, wind and solar power generation, and energy storage.

7. Desay Battery 

• Name:  Desay Industrial Co., Ltd.

• Location: Huizhou, China

• Website: https://www.desay.com/enindex.html

Desay Corporation was founded in 1983. Desay has grown into a large electronic information corporation with annual sales exceeding 40 billion yuan after 40 years of development. We have two listed companies (Desay Battery, SZ000049, and Desay SV, SZ002920), covering automotive electronics, new energy batteries, LED optoelectronics, intelligent equipment, precision parts, Desay Battery is one of the top 500 manufacturing companies in China, and more than 30 of its partners and customers are Fortune 500 companies worldwide.

8. Gotion High-tech 

• Name:  Gotion High-tech Co., Ltd.

• Location: Hefei, China

• Website: https://en.gotion.com.cn/

Gotion High-tech Co., Ltd.China’s Shenzhen Stock Exchange lists the company. The company’s main products are batteries for new energy vehicles and products for power transmission and transformation.

In May 2006, Gotion High-tech was founded. In China, the company’s headquarters are located in Hefei. The company was successfully listed on the stock exchange in May 2015 with the stock code SZ.002074. Its business segments include lithium batteries for new energy vehicles, energy storage, and transmission and distribution equipment. Research and development, procurement, production, and sales are all independent and mature.

The Gotion High-tech Company was one of the first Chinese companies to develop, manufacture, and sell lithium-ion batteries. Lithium iron phosphate materials and batteries, ternary materials and batteries, power battery packs, battery management systems, and energy storage batteries are some of its main products. Vehicles such as pure electric passenger cars, commercial vehicles, special vehicles, and light vehicles, as well as energy storage power stations and communication bases, use the products.

9. Sunwoda Electronic 

• Name:  Sunwoda Electronic Co., Ltd.

• Location: Shenzhen, China

• Website: https://en.sunwoda.com/

Sunwoda Electronics Co., Ltd. is a high-tech enterprise specializing in the design, manufacture and sales of lithium-ion battery modules. It is one of the leading lithium-ion battery module suppliers in China.

Main applications: three categories of mobile phone lithium-ion battery modules, laptop lithium-ion battery modules, and power lithium-ion battery modules, MP3/MP4, digital cameras, laptops, e-books, power tools, industrial mobile lighting, medical equipment, etc.

In 2023, the operating income was 47.862 billion yuan, a year-on-year decrease of 8.24%; the net profit attributable to shareholders was 1.076 billion yuan, a year-on-year increase of 0.77%; the basic earnings per share was 0.58 yuan.

10. REPT BATTERO Energy 

• Name: REPT BATTERO Energy Co., Ltd.

• Location: Shenzhen, China

• Website: https://chinarept.com/en/

Founded in October 2017, REPT BATTERO is the first enterprise in the new energy sector to be invested by the Fortune Global 500 company Tsingshan Group. REPT BATTERO produces and sells lithium-ion batteries for power vehicles and energy storage from single cells to complete systems. Global green energy transformation has been accelerated by the company’s collaboration with customers. 

REPT BATTERO has R&D centers in Shanghai, Wenzhou, and Jiaxing, as well as production bases in Wenzhou, Jiaxing, Liuzhou, Foshan, and Chongqing. The total production capacity reached 35.2GWh by the end of 2022, and it is expected to exceed 150GWh by 2025. For the entire year of 2022, REPT BATTERO power batteries ranked among the top ten, and energy storage batteries ranked third.