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However, Panasonic's reliance on TSLA to gain market share is considered a disadvantage for its company. LG Chen's batteries are used in cars produced by companies such as Audi, Chevrolet, Ford, Hyundai, Renault, Smart, Volkswagen, and Volvo.

LG Chen also hopes to supply batteries for the 2017 Chevrolet Bolt EV electric vehicle.

In addition to these three companies, Samsung SDI is also rumored to be working hard to enter the electric vehicle market. So the three companies mentioned above will engage in more intense competition.

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