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.


  • A battery engineer checks a Chevrolet Volt battery at the General Motors Global Battery Systems Lab in Warren, Michigan Wednesday, June 30, 2010. The Chevrolet Volt will offer customers an unprecedented standard 8 year/100,000 mile warranty on its lithium-ion battery. GM engineers have completed more than 1 million miles and 4 million hours of validation battery testing since 2007. Each Volt battery pack has nine modules and 288 cells. GM designed and engineered 99 percent of the 155 components in each battery. (Photo by John F. Martin for Chevrolet)
  • A Chevrolet Volt battery at the General Motors Global Battery Systems Lab in Warren, Michigan Wednesday, June 30, 2010. The Chevrolet Volt will offer customers an unprecedented standard 8 year/100,000 mile warranty on its lithium-ion battery. GM engineers have completed more than 1 million miles and 4 million hours of validation battery testing since 2007. Each Volt battery pack has nine modules and 288 cells. GM designed and engineered 99 percent of the 155 components in each battery. (Photo by John F. Martin for Chevrolet)
  • The first Chevrolet Volt battery built at the General Motors Brownstown Battery plant undergoes a dimensional quality check in Brownstown Township, Michigan Tuesday, December 22, 2009. The Brownstown facility is the first lithium ion battery pack manufacturing plant in the U.S. operated by a major automaker. (Photo by Jeffrey Sauger for General Motors)
  • The first Chevrolet Volt battery moves through the assembly process at the General Motors Brownstown Battery plant in Brownstown Township, Michigan Tuesday, December 22, 2009. The Brownstown facility is the first lithium-ion battery pack manufacturing plant in the U.S. operated by a major automaker. (Photo by Jeffrey Sauger for General Motors)
  • The first Chevrolet Volt battery makes its way through the General Motors Brownstown Battery plant on an automated guided cart (AGC) in Brownstown Township, Michigan Tuesday, December 22, 2009. The Brownstown facility is the first lithium ion battery pack manufacturing plant in the U.S. operated by a major automaker. (Photo by Jeffrey Sauger for General Motors)


[Source: Lux Research]
Show full PR text
Lux Research Ranks Energy Storage Suppliers for Electric Vehicles

The Lux Innovation Grid shows the top innovators, as looming oversupply of batteries makes forming smart partnerships essential.


BOSTON--(BUSINESS WIRE)--The hype around electric vehicles has fueled interest in energy storage technologies, and has attracted an increasing number of competitors to an already crowded market. Soon, it will be impossible for all of these companies to survive, making strong partnerships a necessity. In its latest report, Lux Research ranks technology developers in both Li-ion batteries and supercapacitors on the Lux Innovation Grid to help determine which will make the strongest potential partners as the electric vehicle market matures.

"The electric vehicle value chain is growing so integrated that battery makers must have strong partnerships with one or more automakers"

The report, titled "Using Partnerships to Stay Afloat in the Electric Vehicle Storm," maps the current web of relationships among energy storage developers, integrators, and automakers, and analyzes supply and demand for energy storage in electric vehicles. It then ranks companies on the Lux Innovation Grid, a proprietary framework to help readers assess the relative performance of potential partners.

"The electric vehicle value chain is growing so integrated that battery makers must have strong partnerships with one or more automakers," said Kevin See, a Lux Analyst and the report's lead author. "These relationships are necessary to build credibility and drive new business, as illustrated by Li-ion battery-maker LG Chem, whose strong partnerships propelled it to the top position in our rankings."

To assess the partnership potential of energy storage developers targeting the electric vehicle market, Lux Research assigned scores for each company's technical value, business execution, and maturity. Based on these scores, analysts plotted each company's relative potential on the Lux Innovation Grid, which comprises 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 GM, Eaton, and Ford, however, are what justify the company's strong business execution score.
A123 and Ener1 garner more headlines than momentum. Media darlings A123 and Ener1 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.

Among supercapacitor suppliers, Maxwell stands alone. 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 – among them, supply deals for applications including hybrid buses and micro-hybrids, and more recently in starter modules for commercial diesel vehicles.

"Using Partnerships to Stay Afloat in the Electric Vehicle Storm," is part of the Lux Electric Vehicles Intelligence service. Clients subscribing to this service receive ongoing research on market and technology trends, continuous technology scouting reports and proprietary data points in the weekly Lux Research Electric Vehicles Journal, and on-demand inquiry with Lux Research analysts.

About Lux Research

Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • Share This Photo X