The graph shows, the MWh of EV Li-ion batteries produced by top battery manufacturing companies.
One unmistakable trend from the above data is the exceptional growth of the battery market globally. Registering a massive 60% year-on-year growth in 2015, this march has continued into 2016 when once again based on extrapolation of data above, a 40-50% growth appears to have happened.
Another key trend from the data above is also how Chinese firms such as BYD, Wanxiang and BPP are fast gaining over companies such as LG Chem and Samsung. In fact, this trend of the Chinese battery firms accelerating their market domination increased even further in 2017.
CATL is a leading Chinese battery company. Founded in 2011 and headquartered in Ningde, Fujian province, CATL focuses on the production of lithium-ion batteries and the development of energy storage systems. With manufacturing bases in Qinghai, Jiangsu and Guangdong provinces, CATL has 7.7 GWh of battery capacity (as of Aug 2017) and plans to have a battery production capacity of 50 GWh by 2020. Like BYD, CATL is the type of company that the Chinese government wants to support and promote as a national champion.
Other companies in the battery manufacturing segment are Tianjin based Lishen Battery and Hangzhou’s Wanxiang Group.
See also the related blog posts
- Prices of Electric Cars – Global – Cost of Electric Cars, Electric Buses – Tesla, Nissan, Toyota, BMW, BYD, Volt, Bolt, Honda
- Cost of Li-ion Batteries – Cost Trends 2018-2030 – $/kWh with Break-Ups
- Cost Components for Setting Up an EV Charging Station – AC, DC Fast Charging – Hardware, Software, Permits…
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