The following content is sponsored by Scotch Creek Ventures.
Mapped: EV Battery Manufacturing Capacity, by Region
The demand for lithium-ion batteries for electric vehicles (EVs) is rising rapidly—it’s set to reach 9,300 gigawatt-hours (GWh) by 2030—up by over 1,600% from 2020 levels.
For that reason, developing domestic battery supply chains, including battery manufacturing capacity, is becoming increasingly important as countries strive to shift away from gasoline vehicles to EVs.
Which countries are leading the race for batteries? The above infographic from Scotch Creek Ventures highlights the top 10 nations for EV battery manufacturing.
The Top 10 Countries by Capacity
The biggest battery manufacturers are located in regions that have high demand for EVs, and that have wide access to raw materials:
|Rank||Country||2021 Li-ion manufacturing capacity (GWh)||% of World Total|
|N/A||Rest of the World||1||0.1%|
Data as of February 1, 2021.
Source: S&P Global Market Intelligence
China is by far the leader in the battery race with nearly 80% of global Li-ion manufacturing capacity. The country also dominates other parts of the battery supply chain, including the mining and refining of battery minerals like lithium and graphite.
The U.S. is following China from afar, with around 6% or 44 GWh (Read more...)