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chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":564,"content":565},"doc",[566,583,588,593,602,609,614,619,624,634,639,644,649,654,665,677],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570,573,581],{"text":571,"type":572},"Chinese battery players BYD and CATL have doubled their share of Tier 1 battery supply in the past five years, according to Benchmark’s ","text",{"text":574,"type":572,"marks":575},"Lithium ion Battery Database",[576],{"type":577,"attrs":578},"link",{"href":579,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://www.benchmarkminerals.com/lithium-ion-batteries/data-reports/forecast","url",{"text":582,"type":572},".",{"type":567,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":572},"Responsible for 32% of Tier 1 production in 2019, the two companies are expected to account for 65% of supply this year, despite almost all companies increasing production in absolute terms. ",{"type":567,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":572},"BYD and CATL’s growth in market share has come at the cost of Panasonic, LG Chem, and Samsung SDI, whose combined share has fallen from 62% to 24% over the same period.",{"type":567,"attrs":594,"content":595},{"textAlign":49},[596],{"type":597,"attrs":598},"image",{"id":49,"alt":599,"src":600,"title":49,"source":49,"copyright":49,"meta_data":601},"","https://a.storyblok.com/f/287943243085208/3608e8a319/bm-catl-and-byd-account-for-the-majority-of-tier-1-battery-supply.png",{},{"type":603,"attrs":604,"content":606},"heading",{"level":605,"textAlign":49},4,[607],{"text":608,"type":572},"How have BYD and CATL ramped up production faster than other Tier 1 players?",{"type":567,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":572},"“CATL’s early entry into China’s battery industry and BYD’s early commitment to electrification have given them a first-mover advantage, allowing them to lead in developing and scaling battery technologies ahead of competitors,” said Aran Waid, principal analyst at Benchmark.",{"type":567,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":572},"Waid also identified factors like vertical integration, critical raw material investments, and the logistical advantages of being located in China where much of the material refining and processing takes place as significant in the companies’ success.",{"type":567,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":572},"Both companies have innovated – BYD with the Blade Battery and CATL’s Cell-to-Pack technology – and have benefited from support from the Chinese government for aggressive battery capacity expansions.",{"type":567,"attrs":625,"content":626},{"textAlign":49},[627,629,633],{"text":628,"type":572},"The two Chinese companies differ from the other major Tier 1 manufacturers in their production of lithium iron phosphate (LFP). In the case of BYD, 80% of its cells produced this year are expected to be LFP, whilst for CATL this figure is 51%, according to Benchmark’s ",{"text":574,"type":572,"marks":630},[631],{"type":577,"attrs":632},{"href":579,"uuid":49,"anchor":49,"target":49,"linktype":580},{"text":582,"type":572},{"type":567,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":572},"In contrast, LG Chem is the only other major Tier 1 manufacturer with any LFP supply expected this year, though it is forecast to be a very small proportion of its overall production.",{"type":603,"attrs":640,"content":641},{"level":605,"textAlign":49},[642],{"text":643,"type":572},"How are South Korean and Japanese Tier 1 manufacturers responding?",{"type":567,"attrs":645,"content":646},{"textAlign":49},[647],{"text":648,"type":572},"“South Korean and Japanese Tier 1 players are forming joint ventures with Western automakers to secure long-term supply agreements and co-develop battery technologies,” said Waid.",{"type":567,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":572},"Companies based in these countries benefit from policy incentives of western governments, such as the Inflation Reduction Act (IRA) which disadvantages Chinese competitors through the Foreign Entity of Concern (FEOC) stipulations.",{"type":567,"attrs":655,"content":656},{"textAlign":49},[657,659,663],{"text":658,"type":572},"Benchmark’s ",{"text":574,"type":572,"marks":660},[661],{"type":577,"attrs":662},{"href":579,"uuid":49,"anchor":49,"target":49,"linktype":580},{"text":664,"type":572}," shows China is expected to have the highest battery demand of any region this year, at around 570 GWh. ",{"type":567,"attrs":666,"content":667},{"textAlign":49},[668,670,676],{"text":669,"type":572},"Though significantly lower, demand from the combined markets of North America and Europe is forecast to be more than 400 GWh this year. Combined with few established battery manufacturers native to these regions, ",{"text":671,"type":572,"marks":672},"Japanese and South Korean players are prioritising expansions in the West",[673],{"type":577,"attrs":674},{"href":675,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://www.benchmarkminerals.com/",{"text":582,"type":572},{"type":567,"attrs":678,"content":679},{"textAlign":49},[680],{"text":681,"type":572},"Additionally, they are investing in advanced technologies, such as solid-state batteries and silicon anodes, with a view to differentiate themselves from Chinese manufacturers and gain a competitive edge in the future. ","Chinese battery players BYD and CATL have doubled their share of Tier 1 battery supply in the past five years, according to Benchmark’s Lithium ion Battery Database. Responsible for 32% of Tier 1 production in 2019, the two companies are expected to account for 65% of supply this year, despite almost all companies increasing production […]",[684],{"slug":555,"name":556,"content":685},{"job_title":558,"image":686,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"12b5f729-8c2f-48e5-a2df-83ef915af098\", \"id\": \"\"}-->","article",[690,693],{"slug":691,"name":692},"batteries","Batteries",{"slug":694,"name":695},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":698,"name":599,"focus":599,"title":698,"source":599,"filename":699,"copyright":599,"fieldtype":700,"meta_data":701,"is_external_url":51},"Robot arms assemble a battery pack on a construction line","https://a.storyblok.com/f/287943243085208/e75f59dfe5/bm-how-chinas-byd-and-catl-came-to-dominate-tier-1-battery-supply.jpg","asset",{"alt":698,"title":698,"source":599,"copyright":599},"Nov 07, 2024","7th November 2024",[],[],1780667879826]