What was EV battery production in Q3 2023?

The total EV battery production output in Q3 2023 was 182.6 GWh. The numbers look even better for the first nine months of the year. Total production output was 477.5 GWh, which is an increase of 45% compared to the first nine months of 2022.

Which countries produce the most EV batteries in 2023?

That gave the United States 15% of the global EV battery capacity market, one percentage point up from last year’s 14%. Germany was in a similar boat as the US in terms of growth, but less than half in terms of total capacity produced. Europe’s largest economy produced 11.5 GWh of EV batteries in Q3 2023, which was 6% of the market.

Where are battery cells made?

Worldwide production of batteries with LFP cathodes takes place mainly in China, where it accounts for just over a third of total battery production. In contrast, the production of battery cells with NMC cathodes accounts for slightly more than a quarter in China.

Will GM Build a new battery plant in 2023?

The automaker in April 2023 announced a JV with Samsung SDI to build a new battery plant in the United States. Aside from volume production, GM has also partnered with startup SolidEnergy Systems in 2021 to build a prototyping facility in Woburn, Massachusetts.

Where are Volkswagen EV batteries made?

In July 2022, Volkswagen set up a separate battery company, PowerCo SE, to build batteries for its upcoming EVs. Since its launch, the company has decided on the location of three cell factories: Two in Europe (Salzgitter, Germany, and Valencia, Spain) and one in North America (St. Thomas, Canada).

Does BMW have a battery plant in South Carolina?

BMW also partnered up with battery maker AESC (formerly Envision AESC) to invest additional funds in a battery cell plant in Florence, South Carolina (more on that in the AESC section). The AESC plant will produce BMW’s new sixth-generation round lithium-ion battery cells for Plant Spartanburg EVs.