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Report: China now makes enough batteries for global EV production

Green Car Reports

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance.

Global 176
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Benchmark Mineral Intelligence: global battery gigafactory pipeline tops 300; China dominates

Green Car Congress

gigawatt hours (GWh) of lithium ion battery capacity in the pipeline as assessed in Benchmark Mineral Inelligence’s May 2022 Gigafactory Assessment—a 68% year-on-year increase. Outside of China, North America has seen the fastest growth of any region, adding 11 gigafactories to its pipeline since this time last year.

China 433
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Octillion shipping 1,500 battery packs per day globally

Green Car Congress

Octillion Energy, a global supplier of advanced high-density lithium-ion battery packs for passenger cars, trucks, buses, and energy-storage systems, has achieved the milestone of shipping more than 1,500 battery packs a day and expects to hit 2,000 packs per day this month. Octillion Power Systems’ factory in Hefei, China.

Global 329
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IDTechEx: Nio spearheading battery swapping expansion beyond China

Green Car Congress

Battery swap stations are Nio’s signature replenishment facility, and it is currently the only company offering such models to the general consumer. There are also other companies in China that offer models with battery swap support, but for the taxi market. Swapping to become more efficient by using smaller batteries.

China 434
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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

Green Car Congress

The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Li-ion 458
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BASF and Shanshan form battery materials joint venture in China

Green Car Congress

Following the approval of all relevant authorities, BASF and Shanshan have formed the joint venture “BASF Shanshan Battery Materials Co., The newly formed company has four sites in Hunan and Ningxia, China, with more than 1,600 employees. The new entity will be majority owned by BASF (BASF 51% and Shanshan 49%).

China 352
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Report: China now makes enough batteries for global EV production

Baua Electric

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. China’s declared 2023 battery production alone was close to the actual global demand, according to BNEF, which notes that the U.S.,

Global 52