The Future of EV Battery Manufacturing
According toS&P Global Market Intelligence, global lithium-ion manufacturing capacity is expected tomore than doubleby 2025.
Here’s how the top 10 countries could stack up in 2025:
| Rank | Country | 2025P Li-ion manufacturing capacity (GWh) | % of World Total |
|---|
| #1 | China | 944 | 65.2% |
| #2 | Germany | 164 | 11.3% |
| #3 | U.S. | 91 | 6.3% |
| #4 | Poland | 70 | 4.8% |
| #5 | Hungary | 47 | 3.2% |
| #6 | Sweden | 32 | 2.2% |
| #7 | France | 32 | 2.2% |
| #8 | South Korea | 18 | 1.2% |
| #9 | Japan | 17 | 1.2% |
| #10 | UK | 12 | 0.8% |
| N/A | Rest of the World | 20 | 1.4% |
| N/A | Total | 1,447 | 100.0% |
|---|
Although China is expected to come out on top again, its share of worldwide capacity could fall to around65%as other countries ramp up battery production. For instance, Germany’s capacity is projected to rise to 164 GWh, representing a15-foldincrease in just four years.
Furthermore, the U.S. is expected tomore than doubleits capacity by 2025. In fact, 13 new plants are expected to be operational in the next five years, providing a boost to domesticEVbattery manufacturing capabilities.
It’s important to note that the battery industry is evolving rapidly, and these rankings could change as manufacturers set up shop in different countries. However, it’s clear that both battery demand and manufacturing capacity are set to grow. And more batteries require more raw materials—especially critical metals like lithium.
Global lithium demand from battery factoriescould hit3 million tonnesby 2030, requiring a massive increase over the 82,000 tonnes produced in 2020. As countries like the U.S. ramp up battery manufacturing, new sources of lithium could prove increasingly valuable in building sustainable battery supply chains.
https://techcrunch.com/2023/08/16/tracking-the-ev-battery-factory-construction-boom-across-north-america/amp/
