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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

Green Car Congress

Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide. billion by 2027 from $18.75

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

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Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. Ford and CATL—the world’s largest battery producer—have signed a separate non-binding MOU to explore a cooperation for supplying batteries in Ford’s markets across China, Europe and North America.

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Opel introducing new 1.6L SIDI engine with start-stop system; 3 new engine generations over next 12 months part of major turnaround plan

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Production at the Szentgotthardt plant in Hungary will begin in late 2012. Environment initiative: Opel/Vauxhall wants to expand its position as a manufacturer of alternative propulsions. Export initiative: Opel wants to enter new markets, including Australia, North Africa, South America and the Middle East.

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BMW outlines iFACTORY production strategy; transformation to e-mobility; Plant Debrecen first CO2-free plant

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Automotive manufacturing of the future requires a new, holistic way of thinking. The BMW iFACTORY is not a one-off showpiece but an approach we will implement at all our plants in the future —from our 100-year-old home plant in Munich to our forthcoming plant in Debrecen, Hungary. —Milan Nedeljkovi?.

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Bosch supplying factory equipment for battery production; €250M business by 2025

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We know batteries like the back of our hand, as well as how they have to be manufactured. The company is investing some €70 million (US$82 million) this year in expanding local manufacturing operations. Our assumption is that the global battery market will grow up to 25 percent each year. —Rolf Najork.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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China currently hosts 75% of all battery cell manufacturing capacity and 90% of anode and electrolyte production. This year, the changes in the overall rankings were mostly driven by the greater access to several key raw materials and manufacturing capacities domestically. —Ellie Gomes-Callus, metals and mining analyst at BNEF.

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