Manufacturing capacity needed to meet projected demand is estimated using a utilisation rate of 85%. Announced electric vehicle battery manufacturing capacity by region and manufacturing capacity needed in the Net Zero Scenario, 2021-2030 - Chart and data by the International Energy Agency.
According to a recent forecast on battery manufacturing, China is expected to maintain its top position in the forthcoming decade, reaching a capacity of four terawatt-hours by 2030, followed by the United States. Together with China and the United States, the European region had one of the largest battery manufacturing capacities as of 2023.
Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. In 2023, the global battery manufacturing capacity was over 2.2 terawatt hours, of which over 80 percent came from China, which took the lead in this sector.
The following countries have significant lithium-ion battery manufacturing capacity: Australia, Spain, Canada, Portugal, United States, Switzerland, Thailand, Finland, France, Belgium, Japan, Italy, Poland, World, Indonesia, Greece, Mexico, China, South Africa, Netherlands, Chile, and Korea. [Chart and data by the International Energy Agency].
Among the publicly traded battery energy producers, the U.S.-based Tesla and China-based CATL were the companies with the largest market capitalization as of June 2023. In contrast, the major EV battery manufacturers in the world were all located in East Asia, and CATL dominated the market with an installed capacity of over 240 gigawatt-hours.
The major battery energy storage companies are headquartered in China and the U.S., the leading countries in the sector. Among the publicly traded battery energy producers, the U.S.-based Tesla and China-based CATL were the companies with the largest market capitalization as of June 2023.