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The latest report from Lux Research Institute shows that the three major companies that supply lithium batteries and participate in competition occupy the majority of the market share in today's electric vehicle battery market.

Panasonic supplies batteries to TSLA cars, while AESC is a joint venture of Nissan, while LG Chen supplies batteries to a large number of electric vehicle manufacturers. The report states that this will ultimately enable LG Chen to surpass other competitors in the electric vehicle battery market.

The report states that LG Chen, also known as the largest supplier in the electric vehicle battery market

The research institution believes that Panasonic is currently the leader in the electric vehicle battery market, with a 39% market share. The report states that from the current maximum to 2020, the company's market share will reach 51%.

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