LG Chem, Johnson Controls Score Highest in Navigant Research Assessment of Manufacturers of Lithium Ion Batteries for Electric

  LG Chem, Johnson Controls Score Highest in Navigant Research Assessment of
  Manufacturers of Lithium Ion Batteries for Electric Vehicles

Business Wire

BOULDER, Colo. -- July 2, 2013

Lithium ion (Li-ion) batteries have become the clear leader in the emerging
market for electric vehicle (EV) batteries. Steady but gradual growth in sales
of electric vehicles, however, has limited opportunities for makers of
advanced batteries, including Li-ion batteries. Several companies have either
entered bankruptcy or shut down, leaving a few hardy firms struggling to
remain solvent until the EV market creates a growing worldwide demand for
electric drivetrains. According to a new Leaderboard report published by
Navigant Research, LG Chem and Johnson Controls currently lead the EV battery
market in terms of both strategy and execution.

“The lithium ion battery manufacturing space is not for the weak of heart,”
says Sam Jaffe, senior research analyst with Navigant Research. “The electric
vehicle market is growing slowly and the battery manufacturers are engaged in
a Darwinian fight for survival.”

Only three companies (LG Chem, Johnson Controls, and AESC) were ranked as
“Leaders” in the report’s Leaderboard Grid. South Korea-based LG Chem
surprised many in the automotive field by winning the Chevrolet Volt contract
in 2008, and has since followed through with several other major automotive
contracts. Deciding not to invest in building factories to serve a market that
has not fully appeared yet, Johnson Controls has focused its strategy on
developing the second generation of batteries. Its NMC battery chemistry,
which will be officially launched late in 2013 or early in 2014, is highly
regarded by many potential buyers and could win some of the world’s biggest
automotive contracts. AESC, the joint venture between Nissan Motor Company and
NEC, is the only manufacturer of Li-ion cells that is directly owned by an
automotive manufacturer, and the company has produced significant volumes of
batteries, primarily for the Nissan Leaf.

The report, “Navigant Research Leaderboard Report: Lithium Ion Batteries for
Electric Vehicles”, examines the strategy and execution of 11 Li-ion battery
vendors that are active in the electric vehicle market and rates them on 13
criteria, including systems integration, safety engineering, chemistry
performance, geographic reach, manufacturing and product performance, pricing,
and overall corporate financial health. Using Navigant Research’s proprietary
Leaderboard methodology, vendors are profiled, rated, and ranked with the goal
of providing industry participants with an objective assessment of these
companies’ relative strengths and weaknesses in the global electric vehicle
battery market. An Executive Summary of the report is available for free
download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at

* The information contained in this press release concerning the report,
“Navigant Research  Leaderboard Report: Lithium Ion Batteries for Electric
Vehicles,” is a summary and reflects Navigant Research’s current expectations
based on market data and trend analysis. Market predictions and expectations
are inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full report
for a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither Navigant
Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.


Navigant Research
Richard Martin, +1.303.493.5483
Laverne Murach, +1.202.481.7336
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