Giga Factories and Battery Companies

[TradingCharts]

Paul Jan Jacobs
Founder EVBoosters.com | EVMarketsReports.com | Expert EV Charging Recruitment across EU | EV Market Analyst
2d • Edited • 2 days ago

Hi EV addicts, China is currently the world's leading producer of battery cathodes, producing 68% of the world's total supply across all chemistries. The next-largest producers, Japan and South Korea, each account for 15% of the market.

>> XTC, Ronbay Technologies, Easpring, Tianjin B&M, LG Energy Solutions, and Sumitomo Metal Mining are a few of the largest Asian corporations. Although none of the non-Asian businesses now hold a sizable portion of the cathode material production, the future is bright.

>> In order to reach a capacity of 20 GWh by the end of 2023 and 40 GWh in 2024, Umicore (Belgium) has constructed a gigafactory for cathode active materials in Poland. The 24 GWh factory will be installed in 2023 as part of an IPCEI initiative by the German business BASF, which now produces cathode materials mostly in China and Japan.
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