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Is China the top country for electric vehicle battery production?

Monday, November 29, 2021
By Jacob Alabab-Moser
YES

China is the global leader in the production of lithium-ion batteries, the power source for most electric vehicles. Forecasts predict 77% of global lithium-ion production capacity will be located in China by the end of 2021.

China controls 80% of the world’s raw material refining for lithium-ion batteries, 77% of the world’s cell capacity and 60% of the world’s component manufacturing, according to BloombergNEF’s 2020 lithium-ion battery supply chain ranking. China is also the top country in the world for domestic battery demand. China currently has 93 factories manufacturing lithium-ion battery cells, in comparison to four in the U.S.

China is expected to expand its dominance in the battery market. Experts predict that 148 of the world’s 200 lithium-ion battery factories to be built by 2030 will be located in the country. They also suspect that Chinese companies will accelerate the construction of battery factories overseas.

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