South America Electric Vehicle Battery Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South America Electric Vehicle Battery Manufacturing Market report segments the industry into Battery (Lithium-ion, Lead-Acid, Nickel Metal Hydride Battery, Others), Battery Form (Prismatic, Pouch, Cylindrical), Vehicle (Passenger Cars, Commercial Vehicles, Others), Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), and Geography (Brazil, Argentina, Colombia, Rest of South America).

South America Electric Vehicle Battery Manufacturing Market Size

South America Electric Vehicle Battery Manufacturing Market Summary

South America Electric Vehicle Battery Manufacturing Market Analysis

The South America Electric Vehicle Battery Manufacturing Market size is estimated at USD 0.59 million in 2025, and is expected to reach USD 1.26 million by 2030, at a CAGR of 16.25% during the forecast period (2025-2030).

  • Over the medium term, factors such as the increasing adoption of electric vehicles in the region coupled with the abundance of raw materials in the region are expected to be among the most significant drivers for the South American electric Vehicle Battery Manufacturing Market during the forecast period.
  • On the other hand, established battery markets such as Asia Pacific are competing. This poses a threat to the South American electric Vehicle Battery Manufacturing Market during the forecast period.
  • Nevertheless, continued efforts to create collaborations and partnerships between South American countries are expected to create several opportunities for the market in the future.
  • Brazil is expected to dominate the market and will likely register the highest growth during the forecast period due to the government's rising efforts to establish battery manufacturing and the growing adoption of electric vehicles.

South America Electric Vehicle Battery Manufacturing Industry Overview

The South America Electric Vehicle Battery Manufacturing Market is semi-consolidated. Some of the key players in this market (in no particular order) are BYD Co. Ltd, SK innovation Co., Ltd., EnerSys, LG Chem Ltd, and Exide Industries.

South America Electric Vehicle Battery Manufacturing Market Leaders

  1. BYD Co. Ltd

  2. SK innovation Co., Ltd.

  3. EnerSys

  4. LG Chem Ltd

  5. Exide Industries

  6. *Disclaimer: Major Players sorted in no particular order
South America Electric Vehicle Battery Manufacturing Market Concentration
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South America Electric Vehicle Battery Manufacturing Market News

  • June 2024: Chilean lithium giant SQM, the world's second-largest producer, announced a significant long-term agreement with Hyundai and Kia. The deal secures a steady supply of lithium, a crucial component in electric vehicle battery production. SQM's current annual capacity for lithium hydroxide, derived from lithium carbonate, stands at 40,000 metric tons, as per its Q1 results. The company is targeting a substantial increase, aiming to hit 100,000 tons by 2025 in Chile, while also expanding operations in China and Australia.
  • May 2024: Eramine Sudamerica, a venture backed by French miner Eramet and Chinese firm Tsingshan, is readying to open its inaugural lithium carbonate plant in Salta, Argentina. This move positions the company as the fourth major lithium producer in Argentina, a key player in the electric vehicle battery supply chain. Eramine Sudamerica anticipates an initial output of 3,000 tons this year, with ambitious plans to scale up to 24,000 tons by 2025.

South America Electric Vehicle Battery Manufacturing Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Adoption of Electric Vehicles
    • 4.5.1.2 Abundance of Raw Materials
    • 4.5.2 Restraints
    • 4.5.2.1 Competition From Established Markets
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 Battery
    • 5.1.1 Lithium-ion
    • 5.1.2 Lead-Acid
    • 5.1.3 Nickel Metal Hydride Battery
    • 5.1.4 Others
  • 5.2 Battery Form
    • 5.2.1 Prismatic
    • 5.2.2 Pouch
    • 5.2.3 Cylindrical
  • 5.3 Vehicle
    • 5.3.1 Passenger Cars
    • 5.3.2 Commercial Vehicles
    • 5.3.3 Others
  • 5.4 Propulsion
    • 5.4.1 Battery Electric Vehicle
    • 5.4.2 Hybrid Electric Vehicle
    • 5.4.3 Plug-in Hybrid Electric Vehicle
  • 5.5 Geography
    • 5.5.1 Brazil
    • 5.5.2 Argentina
    • 5.5.3 Colombia
    • 5.5.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 BYD Co. Ltd
    • 6.3.2 SK innovation Co., Ltd.
    • 6.3.3 EnerSys
    • 6.3.4 LG Chem Ltd
    • 6.3.5 Exide Industries
    • 6.3.6 Panasonic Corporation
  • *List Not Exhaustive
  • 6.4 List of Other Prominent Companies
  • 6.5 Market Ranking/Share (%) Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Regional Collaboration
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South America Electric Vehicle Battery Manufacturing Industry Segmentation

Electric vehicle battery manufacturing is the process of producing batteries specifically designed to power electric vehicles (EVs). This involves several stages, including the extraction and processing of raw materials such as lithium, cobalt, nickel, and graphite, which are essential components of lithium-ion batteries commonly used in electric vehicles. The manufacturing process includes cell fabrication, where these materials are assembled into battery cells and then into modules and packs, which are designed to store and deliver energy efficiently to power electric motors. The manufacturing process also involves stringent quality control and testing to ensure the safety, performance, and longevity of the batteries. 

The South America Electric Vehicle Battery Manufacturing Market is segmented by Battery, Battery Form, Vehicle, Propulsion, and Geography (Brazil, Argentina, Chile, and the Rest of South America). The battery market is segmented into lithium-ion, lead-acid, nickel metal hydride batteries, and others. By battery form, the market is segmented into prismatic, pouch, and cylindrical. By vehicle, the market is segmented into passenger cars, commercial vehicles, and others. By propulsion, the market is segmented into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. The report also covers the size and forecasts for the Electric Vehicle Battery Manufacturing Market across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).

Battery Lithium-ion
Lead-Acid
Nickel Metal Hydride Battery
Others
Battery Form Prismatic
Pouch
Cylindrical
Vehicle Passenger Cars
Commercial Vehicles
Others
Propulsion Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Geography Brazil
Argentina
Colombia
Rest of South America
Battery
Lithium-ion
Lead-Acid
Nickel Metal Hydride Battery
Others
Battery Form
Prismatic
Pouch
Cylindrical
Vehicle
Passenger Cars
Commercial Vehicles
Others
Propulsion
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Geography
Brazil
Argentina
Colombia
Rest of South America
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South America Electric Vehicle Battery Manufacturing Market Research Faqs

How big is the South America Electric Vehicle Battery Manufacturing Market?

The South America Electric Vehicle Battery Manufacturing Market size is expected to reach USD 0.59 million in 2025 and grow at a CAGR of 16.25% to reach USD 1.26 million by 2030.

What is the current South America Electric Vehicle Battery Manufacturing Market size?

In 2025, the South America Electric Vehicle Battery Manufacturing Market size is expected to reach USD 0.59 million.

Who are the key players in South America Electric Vehicle Battery Manufacturing Market?

BYD Co. Ltd, SK innovation Co., Ltd., EnerSys, LG Chem Ltd and Exide Industries are the major companies operating in the South America Electric Vehicle Battery Manufacturing Market.

What years does this South America Electric Vehicle Battery Manufacturing Market cover, and what was the market size in 2024?

In 2024, the South America Electric Vehicle Battery Manufacturing Market size was estimated at USD 0.49 million. The report covers the South America Electric Vehicle Battery Manufacturing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Electric Vehicle Battery Manufacturing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Electric Vehicle Battery Manufacturing Industry Report

Statistics for the 2025 South America Electric Vehicle Battery Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Electric Vehicle Battery Manufacturing analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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