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Visualizing China's Dominance in Battery Manufacturing (2022-2017P)

Kent Knutson 123,399

Energy Market Specialist, Hitachi Energy USA Inc.

Kent Knutson is a market specialist focusing on energy industry intelligence for Hitachi Energy. He has more than 30 years of experience designing and developing intelligence products for some...

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Jan 23, 2023Jan 22, 2023 6:36 pm GMT
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U.S. battery manufacturing positioned to grow 10-fold by 2027

China is home to 6 of the top 10 battery manufacturers in the world today. Still, as of 2022, there are 8 new facilities in the Midwestern and Southern United States, with many more in development. This is according to BloombergNEF's recent global lithium-ion battery supply chain ranking. The demand for battery parts and metals is currently dominated by China, but driven by increasing demand for electric vehicles and energy storage, the U.S. is rapidly positioning to grow. Thanks to Visual Capitalist for producing this eye-opening infographic.

Visualizing China's Dominance in Battery Manufacturing (2022-2017P)

Using the data and projections behind BloombergNEF’s lithium-ion supply chain rankings, this infographic visualizes battery manufacturing capacity by country in 2022 and 2027p, highlighting the extent of China’s battery dominance.

Source: www.visualcapitalist.com

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Matt Chester on Jan 23, 2023

The U.S. is looking to reverse that trend with an injection from the IRA, but will it be too little too late?

Kent Knutson on Jan 23, 2023

As long as variable resources in power generation are the leading focus of development it is probably not too late. Add to that, the desired growth in electric transportation. What concerns pretty much everyone, is how the country secures the parts and minerals needed to build batteries. If we want supply chain independence we need to allow and develop our mining resources. It will be interesting to see how all of that evolves.

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