China does not boast an abundance of battery metal deposits but ranks first largely due to its control over 80% of global raw material refining capacity. Additionally, China is the world’s largest producer of graphite, the primary anode material for Li-ion batteries.
China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel. Chinese companies supply 80% of the world’s battery cells and control nearly 60% of the EV battery market. 13. Amperex Technology Limited (ATL) 12. Envision AESC 11. Gotion High-tech 10.
We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know? China is the undisputed leader in battery manufacturing, dominating the global production of essential battery materials such as lithium, cobalt, and nickel.
But batteries do not grow on trees—the raw materials for them, known as “battery metals”, have to be mined and refined. The above graphic uses data from BloombergNEF to rank the top 25 countries producing the raw materials for Li-ion batteries. The raw materials that batteries use can differ depending on their chemical compositions.
Currently, there are thousands of companies globally involved in battery manufacturing, ranging from large multinational corporations to smaller, specialized firms. We present the largest and most influential battery manufacturers, exploring their market positions and strategies that have enabled them to dominate the industry. Did you know?
Chinais in a dominant position when it comes to the refining capacity of these key metals. Sitting at 80% in 2020, it is expected to keep its top spot in 2025 albeit with 75% mining capacity. In addition to this, China is the world’s largest producerof graphite, the primary anode material for Li-ion batteries.