Battery Manufacturers

The 240 battery manufacturers in the US produce power sources for household, commercial, and industrial use. Major types of products include storage batteries, primary batteries, and parts for storage batteries. Firms may sell related products, such as battery chargers, power equipment, lights, and battery accessories.

Variable Raw Material Cost and Supply

The cost and supply of raw materials can vary and affect profitability for battery manufacturers.

Keeping Up with Advances in Technology

Battery technology moves forward, even as manufacturers expand existing capacity to keep up with growing demand for lithium-ion products.

Sep 28, 2026 - Battery Makers Pivot from EVs to the Power Grid

• Battery manufacturers look to the power grid for growth as electric vehicles (EVs) fall out of favor after the Trump administration cancelled Biden-era consumer EV tax breaks. US utility-scale battery storage capacity reached nearly 52 gigawatts by June 2026, according to the Energy Information Administration, and utilities plan to add another 54 gigawatts through 2028. That surge gives manufacturers another outlet for factories built during the EV investment boom. LG Energy Solution expects its energy-storage production growth to outpace EV production growth four-to-one in 2026, while SK On is expanding beyond high-nickel EV batteries into lithium iron phosphate cells used in stationary storage. LG has also begun producing energy-storage batteries in Michigan and signed a 6-gigawatt-hour supply agreement with DTE Energy. Grid storage could help battery plants keep production lines busy while EV demand catches up with manufacturing capacity.
• Battery manufacturers are increasing production of lithium iron phosphate (LFP) batteries as automakers and energy storage developers look for lower-cost alternatives to traditional nickel- and cobalt-based lithium-ion batteries. LFP batteries are less expensive to produce, last longer, and use more abundant raw materials, though they typically provide shorter driving range. The Federal Reserve Bank of Dallas says manufacturers including Ford and LG Energy Solution have revised US battery plant plans to add LFP production, reflecting growing demand for the chemistry. The shift could reduce manufacturers' exposure to volatile critical mineral prices while lowering production costs. It also positions battery makers to serve both the expanding energy storage market and the growing share of affordable electric vehicles.
• The US battery industry has expanded rapidly in recent years, with domestic battery production rising nearly 140% between 2020 and 2025, according to the Center for Strategic and International Studies (CSIS). During that time, more than 180 battery component facilities opened across 38 states. The report says growth has been strongest in downstream cell and pack manufacturing, while midstream components and upstream mineral processing continue to lag. CSIS also notes that the US remains heavily dependent on global supply chains, particularly China, which controls roughly 70-90% of much of the global lithium-ion battery value chain and supplied nearly 70% of US non-lead-acid battery imports in 2024. At the same time, allied partners, especially Korean and Japanese firms, have become major investors and operators in expanding US battery manufacturing capacity.
• The US battery industry faces significant vulnerabilities due to its deep dependence on foreign lithium sources, particularly China, which dominates global refining and battery production. According to Jeremy Furr, senior vice president of strategic sourcing for Stryten Energy, this reliance exposes critical American industries - from electric vehicles to healthcare and logistics - to geopolitical risks, supply disruptions, and price volatility. To secure its battery future, the US must build an end-to-end domestic supply chain encompassing mining, refining, manufacturing, and recycling. The lead battery industry mode is a near-perfect closed-loop recycling system demonstrating how a self-sustaining, economically valuable supply chain can be achieved with lithium as well. Vertical integration - through partnerships, long-term supply agreements, and joint ventures - will be essential for improving quality control, transparency, and supply chain resilience. Combined with targeted federal incentives and cross-sector collaboration, these efforts could help the US battery industry achieve genuine energy independence.

Industry size & Structure

The average battery manufacturer employs 130 workers and generates $61 million annually.

• The battery manufacturing industry consists of about 240 firms that employ about 31,445 workers and generate $14.75 billion annually.
• The industry is highly concentrated; the top 50 companies account for about 96% of industry revenue.
• Large firms with primary battery manufacturing capacity include Energizer, Enersys, and Duracell (Berkshire Hathaway). Large global firms with storage battery manufacturing capabilities include LG Chem, CATL, BYD, Panasonic, and TESLA. Domestic firms, which include EastPenn Manufacturing, Clarios (Brookfield Business Partners), and Exide Technologies, typically have international operations.
• Many lithium-ion battery manufacturers are subsidiaries of larger companies, including auto and consumer electronics manufacturers.