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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. Following the market launch in 2025, models of the next vehicle generation will also be produced from 2026 onwards by BBA in Shenyang.

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IDTechEx: Nio spearheading battery swapping expansion beyond China

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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.

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Volkswagen Group doubles deliveries of battery-electric vehicles in Q3 to 122,100

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Despite a shortage of semiconductors, the Volkswagen Group delivered 122,100 BEVs (battery-electric vehicles) to customers in the third quarter (July to September), an increase of 109% compared with the prior-year quarter. The Group was the market leader here, accounting for a BEV market share of around 26%.

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BMW Group creates closed recycling loop for high-voltage batteries in China

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The BMW Brilliance Automotive joint venture (BBA) has established a closed loop for reuse of the raw materials nickel, lithium and cobalt from high-voltage batteries that are no longer suitable for use in electric vehicles. Automated and precise dismantling of BMW high-voltage batteries at Huayou Recycling.

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BASF and Shanshan form battery materials joint venture in China

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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%).

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BorgWarner on track for ~$3.7B of electric vehicle revenue by 2025

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billion of electric vehicle revenue by 2025. The company now expects its 2022 electric vehicle revenue to grow to approximately $850 million—more than double what it was in 2021. BorgWarner has just added Rhombus Energy Solutions, a provider of charging solutions in the North American market. Earlier post.)