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up?","chinese-companies-will-account-for-80-of-europes-lfp-cell-supply-but-can-ex-chinese-catch-up","article/chinese-companies-will-account-for-80-of-europes-lfp-cell-supply-but-can-ex-chinese-catch-up",{"_uid":547,"date":548,"tags":549,"editor":558,"content":568,"excerpt":698,"featured":51,"reporter":699,"_editable":703,"component":704,"seo_title":543,"categories":705,"visibility":712,"author_company":49,"featured_image":713,"seo_description":698,"author_full_name":49,"author_job_title":49,"formattedDate":718,"formattedArticleDate":719},"d4ab9ab6-6b15-46d9-ab0f-f688c48199e4","2024-11-07 00:00",[550,553,556],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"europe","Europe",{"slug":557,"name":451},"lfp",[559],{"slug":560,"name":561,"content":562},"didi-bostock","Didi Bostock",{"job_title":563,"image":564,"bio":566,"linkedin":567},"Editor - Energy Transition & Economics",{"filename":565},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":569,"content":570},"doc",[571,588,593,598,603,610,621,634,639,644,657,662,667,672,683,688,693],{"type":572,"attrs":573,"content":574},"paragraph",{"textAlign":49},[575,578,586],{"text":576,"type":577},"Chinese cell manufacturers will account for around 63% of Europe’s lithium iron phosphate (LFP) supply in 2026, according to Benchmark’s ","text",{"text":579,"type":577,"marks":580},"Lithium ion Battery Database",[581],{"type":582,"attrs":583},"link",{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://www.benchmarkminerals.com/lithium-ion-batteries/data-reports/forecast","url",{"text":587,"type":577},".",{"type":572,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":577},"Europe’s more open policy stance on Chinese companies operating in the region mean facilities from CATL, CALB, Envision, EVE Energy, and Gotion are either currently in production or expected to start within the next two years.",{"type":572,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":577},"“Along with greater experience in producing LFP cells, Chinese battery players have taken advantage of Europe’s more open policy approach to China than the US,” said Luke Gear, principal analyst at Benchmark.",{"type":572,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":577},"Compared to Europe, the US has only one LFP facility that is primarily Chinese-owned, Gotion’s project in Illinois. The site has pushed back production to 2026.",{"type":604,"attrs":605,"content":607},"heading",{"level":606,"textAlign":49},4,[608],{"text":609,"type":577},"The role of Chinese companies in European LFP production",{"type":572,"attrs":611,"content":612},{"textAlign":49},[613,615,619],{"text":614,"type":577},"Chinese companies operating in Europe are forecast to account for 65% of the region’s LFP supply in 2030 compared to 30% in the US, according to Benchmark’s ",{"text":579,"type":577,"marks":616},[617],{"type":582,"attrs":618},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":620,"type":577},". ",{"type":572,"attrs":622,"content":623},{"textAlign":49},[624,626,632],{"text":625,"type":577},"The US figure would be higher if",{"text":627,"type":577,"marks":628}," Ford’s Michigan project",[629],{"type":582,"attrs":630},{"href":631,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://www.benchmarkminerals.com/",{"text":633,"type":577}," – which uses “knowledge and services provided by CATL,” a Chinese battery manufacturer – was counted as Chinese facility. As the factory is primarily owned by Ford it is counted as US-owned.",{"type":572,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":577},"Of Europe’s 12 gigafactories expected to be producing LFP in 2030, six have Chinese companies as their primary owner. Forecast European LFP production is more robust as a result, with 46% of supply in 2030 expected to come from Tier 1 producers, compared to 26% in the US.",{"type":572,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":577},"Chinese-owned Envision AESC’s facility in Navalmoral de la Mata, Spain, is expected be the first European facility focused entirely on LFP cells for the EV market and forecast to begin production from 2026. ",{"type":572,"attrs":645,"content":646},{"textAlign":49},[647,649,655],{"text":648,"type":577},"The project will most likely be supplied in the long term by a new ",{"text":650,"type":577,"marks":651},"LFP cathode active material (CAM) facility based in Spain and owned by Yuneng",[652],{"type":582,"attrs":653},{"href":654,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://source.benchmarkminerals.com/article/hunan-yuneng-expands-global-footprint-with-spanish-lfp-cathode-plant?_branch_match_id=1544410576246885578&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWz8wyCDQJsCzK9k%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUA4j1iJkgAAAA%3D",{"text":656,"type":577},", one of China’s leading LFP cathode producers, and is scheduled to start production in 2027.",{"type":604,"attrs":658,"content":659},{"level":606,"textAlign":49},[660],{"text":661,"type":577},"How are ex-China players trying to catch up?",{"type":572,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":577},"Though there has been growing interest from ex-China players towards LFP, there is little in the way of firm commitments.",{"type":572,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":577},"Tesla is expected to begin LFP production from its Sparks 2 facility in Nevada, US next year with an initial nameplate capacity of 10 GWh.",{"type":572,"attrs":673,"content":674},{"textAlign":49},[675,677,682],{"text":676,"type":577},"LG Energy Solution (LGES) is prioritising LFP production in Europe over North America. The company has delayed LFP production in Arizona until 2028 but plans to start producing LFP cells from its Polish facility from late 2025, following ",{"text":678,"type":577,"marks":679},"a five-year supply agreement with Renault’s EV unit Ampere",[680],{"type":582,"attrs":681},{"href":631,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":587,"type":577},{"type":572,"attrs":684,"content":685},{"textAlign":49},[686],{"text":687,"type":577},"ACC’s decision to delay construction of its gigafactories in Germany and Italy is rumoured to be related to a chemistry review, with the company considering a switch to LFP cell production.",{"type":572,"attrs":689,"content":690},{"textAlign":49},[691],{"text":692,"type":577},"Freyr Battery and Elinor Batteries both plan to produce LFP cells targeted specifically for the ESS market.",{"type":572,"attrs":694,"content":695},{"textAlign":49},[696],{"text":697,"type":577},"“As more OEMs consider and adopt LFP in their EV plans, the more commitment we could see from other ex China players,” said Aran Waid, principal analyst at Benchmark.","Chinese cell manufacturers will account for around 63% of Europe’s lithium iron phosphate (LFP) supply in 2026, according to Benchmark’s Lithium ion Battery Database. Europe’s more open policy stance on Chinese companies operating in the region mean facilities from CATL, CALB, Envision, EVE Energy, and Gotion are either currently in production or expected to start within […]",[700],{"slug":560,"name":561,"content":701},{"job_title":563,"image":702,"bio":566,"linkedin":567},{"filename":565},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"d4ab9ab6-6b15-46d9-ab0f-f688c48199e4\", \"id\": \"\"}-->","article",[706,709],{"slug":707,"name":708},"batteries","Batteries",{"slug":710,"name":711},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":714,"name":714,"focus":714,"title":714,"source":714,"filename":715,"copyright":714,"fieldtype":716,"meta_data":717,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/2a3a3116b5/bm-chinese-companies-will-account-for-80-of-europes-lfp-cell-supply-but-can-ex-chinese-catch-up.jpg","asset",{"alt":714,"title":714,"source":714,"copyright":714},"Nov 07, 2024","7th November 2024",[],[],1780500940511]