Asia's top battery players have taken a lot of risks to be global leaders in the EV supply chain. They've built up capacity for a market that has not yet fully arrived. To keep their lead, they now need to shift more investments abroad, even with oversupply in some home markets.
Benchmark is delighted to announce the return of Battery Gigafactories Asia Pacific - where the region’s government, industry and finance will meet to chart a course for the region's lithium ion economy, from mine to electric vehicle.
Asian companies have invested heavily to gain global dominance in electric vehicle (EV) supply chains. To keep their lead, many EV battery suppliers are increasingly investing abroad. Leading players with strong global partnerships will stay on top amid this industry shift. Some weaker ones in China may not survive.
This is a first-of-its-kind transaction in Taiwan and Asia and was recognized by Project Finance International (PFI) as the “ Asia-Pacific Battery Deal of the Year 2022 ”.
The Ishikari integrated offshore wind and battery storage project, a global first, is PFI Asia Pacific Offshore Wind Deal of the year. Pattern Energy and its affiliate in Japan, Green Power Investment Corp, are developing the 112MW Ishikari offshore wind project about three kilometres from the shore of Ishikari Bay in Hokkaido.
S&P Global Ratings sees Asian EV battery manufacturers boosting their investments in factories abroad to keep their global lead.