Lux Research ranks LG Chem tops in lithium-ion battery industry

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Chevrolet Volt battery pack - Click above for high-res image gallery

In its latest report, Lux Research ranks lithium-ion battery manufacturers and makers of ultracapacitors on its Lux Innovation Grid, a proprietary framework that supposedly assesses the relative performance of companies, The report, titled "Using Partnerships to Stay Afloat in the Electric Vehicle Storm," claims that lithium-ion battery manufacturer, LG Chem, leads the industry and that Maxwell Technologies heads up the ultracapacitor field.

Lux Research assigns scores for each company's technical value, business execution and maturity. Based on these scores, analysts plot a firm's relative potential on the Lux Innovation Grid, which consists four quadrants: Dominant, High-Potential, Long-Shot, and Undistinguished. Among the report's highlights:

• LG Chem Power leads the li-ion battery-maker pack. LG Chemical subsidiary LG Chem Power sits atop the grid's Dominant quadrant, with strong technical value, due to its high-energy lithium-manganese-spinel-based cells and strong cycle life at costs that are among the most competitive in the market. Its multitude of supply partnerships with the likes of General Motors, Eaton, and Ford, however, are what justify the company's strong business execution score.

• A123 Systems and Ener1 garner more headlines than momentum. The two land well out of the Dominant quadrant of the Lux Innovation Grid. Motivated by the potential for major automotive supply deals, both were originally building significant manufacturing capacity. But despite a few minor partnerships, neither has scored a major deal that will drive significant revenue.

• Maxwell leads the Dominant quadrant of the Lux Innovation Grid for supercapacitors. Its high score for technical value derives from cost competitiveness and strong device performance, while its high business execution score stems from multiple partnerships.

So, did Lux Research get it right? Let us know what you think by dropping a comment below.

Gallery: 2011 Chevrolet Volt battery pack

[Source: Lux Research]

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Lux Research ranks LG Chem tops in lithium-ion battery industry originally appeared on Autoblog Green on Sat, 30 Jul 2011 12:37:00 EST. Please see our terms for use of feeds.

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