Which country has the largest battery manufacturing capacity in 2023?

According to a recent forecast on battery manufacturing, China is expected to maintain its top position in the forthcoming decade, reaching a capacity of four terawatt-hours by 2030, followed by the United States. Together with China and the United States, the European region had one of the largest battery manufacturing capacities as of 2023.

Which country produces the most EV batteries in the world?

The UK market, with 6.9 GWh of EV battery capacity produced, grew 14% compared to Q2 2023 and 50% compared to Q3 2022. The UK had 4% of the global EV battery market, up from 3% in Q3 2022. France was then the 5th largest EV battery producer in the world, with 4.6 GWh of battery capacity produced.

Which country manufactures the most lithium ion batteries?

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 of global manufacturing capacity.

Are battery demand and manufacturing capacity set to grow?

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 factories could hit 3 million tonnes by 2030, requiring a massive increase over the 82,000 tonnes produced in 2020.

How is electric vehicle battery manufacturing capacity estimated?

Manufacturing capacity needed to meet projected demand is estimated using a utilisation rate of 85%. Announced electric vehicle battery manufacturing capacity by region and manufacturing capacity needed in the Net Zero Scenario, 2021-2030 - Chart and data by the International Energy Agency.

Which countries produce the most lithium-ion batteries in 2030?

This graphic uses exclusive data from our partner, Benchmark Mineral Intelligence, to rank the top lithium-ion battery producing countries by their forecasted capacity (measured in gigawatt-hours or GWh) in 2030. Chinese companies are expected to account for nearly 70% of global battery capacity by 2030, delivering over 6,200 gigawatt-hours.