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.

What are the top battery factories in China?

The top eight battery factories in China—CATL, BYD, Guoxuan High-Tech, Lishen Battery, CALB, BAK Battery, Wanxiang Group, and OptimumNano Energy—represent a remarkable mix of scale, innovation, and strategic positioning that has enabled China to stay ahead of the curve in the battery industry.

Which countries produce the most NMC battery cells?

LFP cell production in the U.S. turns out to be relatively small and thus also accounts for only a small share of global production. In Europe, the production of NMC battery cells will clearly predominate in 2030. In the course of the coming decade, European NMC battery cell production will therefore also account for an increasingly relevant share.

Where do battery cell production capacities come from?

The remaining 43 percent of the announced maximum production capacities come primarily from Asian cell manufacturers - apart from China, mainly from Korean companies. Distribution of battery cell production capacities announced for 2030 in Europe among European and non-European manufacturers

How much capital does battery manufacturing cost?

In the battery cell manufacturing process, three steps require roughly equal shares of capital expenditures: 35 to 45 percent for electrode-manufacturing equipment, 25 to 35 percent for cell-assembly-and-handling equipment, and 30 to 35 percent for cell-finishing equipment (Exhibit 2).

How will global battery production change in the next decade?

Global production of battery cells will increase sharply in the coming years, and cathode materials will be newly and further developed. Nevertheless, the market shares of these two technologies are expected to remain high until the end of the decade. This can be attributed to several aspects.