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

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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%).

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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

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(BBA) joint venture, Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production, announced local production of the NEUE KLASSE in China. The high-voltage batteries required for this will likewise be manufactured locally. Rendering of the future high-voltage battery assembly in Shenyang.

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

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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.

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Benchmark: Chinese cell oversupply putting pressure on Tier 3 producers

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Continued investment in China’s battery production scene is increasingly pushing its market into oversupply, putting strain on Tier 3 producers which are unable to access large global EV markets and are forced to compete in the saturated domestic space, according to Benchmark Mineral Intelligence.

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BMW introduces electric 3 Series for Chinese market

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The BMW Group continues to broaden its portfolio of electrically powered vehicles with the addition of the fully electric BMW 3 Series, which will enter the Chinese market in May 2022. The BMW i3 eDrive35L is based on the successful BMW 3 Series, which led the premium-compact segment in China in 2021. Battery capacity (gross/net).

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Chinese manufacturers to ramp up production of graphene nanotube dispersions for EV batteries

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Electric vehicle manufacturers are searching for a significant increase in energy density, an improvement of fast-charging capabilities, and a reduced cost for lithium-ion batteries. This leads to long-lasting, fast-charging batteries for electric vehicles.

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Evonik invests in Chinese graphene company SuperC

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Specialty chemicals company Evonik has invested in battery specialist SuperC. The Chinese company is a provider of graphene materials that improve the range, robustness, charging speed, and service life of lithium-ion batteries. The batteries become also more temperature insensitive. Hefei Haizhou New Material Co.,

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