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Major Market Trends Influencing the Global Lithium-ion Battery Production and Capacity Expansion
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Topic Discussed : Global Lithium ion battery production and capacity expansion, forecasts to 2025
Speaker: V Naga Karthik
Key takeaways:
- More than 55% of the battery demand*, equal to 34.52 Giga Watt hour (GWh), in 2018 was from Asia
- Korean LiB manufacturers LG Chem and SK Innovation will account for more than a fourth of the global LiB production capacity (installed) in 2025
- Eastern China housed more than 75% of the Lithium-ion battery manufacturing plants in China in 2018
- Chinese manufacturers CATL and BYD together are expected to dominate the market—compared to Korean manufacturers LG Chem and SK Innovation—in the coming years owing to the huge domestic demand for xEVs and e-buses in China
- In Europe, the LiB battery capacity demand from the EV industry is expected to reach more than 200 GWh by 2025
- The NCM 811 battery chemistry is expected to drive the demand for NCM batteries until solid-state batteries start disrupting the industry (anticipated to occur only after 2025)
For further insights, please join us for future podcasts and become a member of Frost & Sullivan’s Leadership Council by emailing us at: digital@frost.com or click here to Contact Us.
Related Keywords: Frost & Sullivan, Lithium ion battery, Cobalt, Chemistry, Giga Watts, Gigafactories, LG Chem, CATL, Electric Vehicles, NCM, Europe, Volkswagen, Kia, Production, Capacity, Solid State batteries
Website: www.frost.com
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