VFBATTERY REPORT

Cell Design and Materials: Li-Ion

Pages 297–359 (63 pages)

Battery Report 2025, page 346: Cell Design and Materials: Li-Ion
Text on page 346

Top 10 Silicon Anode Players - Global Leadership & Operational Milestones 1 of 2 By late 2025, the silicon anode market has shifted toward industrial-scale production, with leaders commissioning global manufacturing hubs in the US, Korea, and Malaysia to meet the 50% CAGR demand for high-energy EV and consumer electronics cells.

Sila

Group14

Enovix

Amprius

BTR New Material Group

AAM or Battery

AAM

AAM

Battery

Battery

AAM

HQ

Alameda, CA

Woodinville, WA

Fremont, CA

Fremont, CA

Shenzhen, China

Year Founded

Employees

Type

Private

Private

Public NASENVX

Public NASAMPX

Public BJSE 920185

Total $ Raised

$220M Pre-IPO

$191M Pre-IPO

Funding Stage, Date

Series G, Jun 2024

Series D, Aug 2025

Public

Public

Public

Valuation / Market Cap

Technology Approach

Si-dominant composite Titan Silicon)

Si-carbon composite

3D Structural Cell Architecture

100% Si Nanowire CVD grown)

Si-C and SiOx composites

Application(s) Targeted

EVs, High-end CE

Auto Porsche), Mobile

EV, Consumer electronics, ESS (roadmap)

Aero, Defense, Performance EVs

Global OEM supply chain

2025 Progress

Commissioned Moses Lake Facility. Raised $375M to deliver Titan Si

Closed $463M Series D; 100% ownership of Group14 Korea

Scaled Fab2 in Malaysia; positive non-GAAP gross profit

CEO transition; expanded GWh facility in Brighton, CO

70% market share in H1 2024; massive global expansion

Source: Silicon Anode Material Global Market Insights 2025, Global Market Insights, Research and Markets, Top Silicon Anode Materials Market Companies, Sila

Extracted from the PDF; charts and images may read imperfectly.

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