Amperex Captured Top 2021 Share in Smartphone Battery Cells: SA

Revenue in the smartphone battery cells market grew more than 10% globally year over year, reaching $8.7 billion in 2021, reported Strategy Analytics Tuesday. The top three vendors, Amperex, LG Energy Solutions and Samsung SDI, captured nearly 82% revenue share combined, it said. “Smartphones will see more adoption of high-capacity battery cells driven by specification increases,” said SA. “We expect the challenges due to surging raw material costs will continue to impact the battery supply chain of vendors.”