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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":591,"content":592},"doc",[593,600,629,634,645,654,680,687,700,713,720,725,730,735,740,745,750,763,768,773,786,791,796],{"type":594,"attrs":595,"content":596},"paragraph",{"textAlign":49},[597],{"text":598,"type":599},"The world’s ten largest battery companies accounted for 71% of all lithium ion battery cells produced last year. ","text",{"type":594,"attrs":601,"content":602},{"textAlign":49},[603,605,612,614,620,622,627],{"text":604,"type":599},"Just three producers – ",{"text":561,"type":599,"marks":606},[607],{"type":608,"attrs":609},"link",{"href":610,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/bolivia-chooses-chinese-consortium-led-by-catl-for-1-billion-lithium-investment","url",{"text":613,"type":599},", ",{"text":615,"type":599,"marks":616},"LG Energy Solution",[617],{"type":608,"attrs":618},{"href":619,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/lges-expands-north-america-footprint-with-canada-and-arizona-gigafactories",{"text":621,"type":599},", and ",{"text":555,"type":599,"marks":623},[624],{"type":608,"attrs":625},{"href":626,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/tesla-lays-down-2-twh-battery-challenge-to-panasonic",{"text":628,"type":599},", accounted for 44% of all production. ",{"type":594,"attrs":630,"content":631},{"textAlign":49},[632],{"text":633,"type":599},"The top ten battery producers, who supply most of the global electric vehicle industry, are set to increase production by 400% by 2030 as they plan to invest billions of dollars in expansion plans to keep up with rising sales of electric vehicles. ",{"type":594,"attrs":635,"content":636},{"textAlign":49},[637,643],{"text":638,"type":599,"marks":639},"Last year a total of $131 billion of investment was committed to battery gigafactories",[640],{"type":608,"attrs":641},{"href":642,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/investment-in-battery-gigafactories-nears-300-billion-since-2019-as-china-extends-battery-dominance",{"text":644,"type":599},", according to Benchmark’s Gigafactory Assessment, a 24% increase on the year before. China accounted for 74% of the total investment.",{"type":594,"attrs":646,"content":647},{"textAlign":49},[648],{"type":649,"attrs":650},"image",{"id":49,"alt":651,"src":652,"title":49,"source":49,"copyright":49,"meta_data":653},"","https://a.storyblok.com/f/287943243085208/fb7ec948b9/bm-top-10-2022.png",{},{"type":594,"attrs":655,"content":656},{"textAlign":49},[657,659,665,667,673,678],{"text":658,"type":599},"The world’s largest ",{"text":660,"type":599,"marks":661},"battery producer CATL",[662],{"type":608,"attrs":663},{"href":664,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/eve-and-catl-in-10-billion-euro-cylindrical-cell-push-with-bmw",{"text":666,"type":599}," is set to see the largest absolute growth in battery production this decade, according to Benchmark, ",{"text":668,"type":599,"marks":669},"growing output by",[670],{"type":608,"attrs":671},{"href":672,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/chinas-battery-kings-diverging-fortunes-of-catl-and-byd-highlight-raw-material-challenge",{"text":674,"type":599,"marks":675},"over half a terawatt-hour",[676],{"type":608,"attrs":677},{"href":672,"uuid":49,"anchor":49,"target":49,"linktype":611},{"text":679,"type":599}," between now and 2030.",{"type":681,"attrs":682,"content":684},"heading",{"level":683,"textAlign":49},4,[685],{"text":686,"type":599},"Asia’s strength",{"type":594,"attrs":688,"content":689},{"textAlign":49},[690,692,698],{"text":691,"type":599},"Chinese companies accounted for 57% of the top ten’s ",{"text":693,"type":599,"marks":694},"production output",[695],{"type":608,"attrs":696},{"href":697,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/ambition-versus-reality-why-battery-production-capacity-does-not-equal-supply",{"text":699,"type":599}," in 2022, whereas South Korean companies accounted for about a third. Panasonic, the only Japanese company on the list, contributed 9% to the group’s total.",{"type":594,"attrs":701,"content":702},{"textAlign":49},[703,705,711],{"text":704,"type":599},"“China’s dominance in vertical integration across the rest of the EV supply chain, supported by rapid growth in the domestic EV market, puts the country way ahead of other battery manufacturing nations,” Waid said. “China continues to lead the way in capacity expansion plans, with Chinese manufacturers SVolt and Sunwoda soon expected to enter the top ten, increasing ",{"text":706,"type":599,"marks":707},"China’s top ten share to 70% by 2030",[708],{"type":608,"attrs":709},{"href":710,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/the-chinese-province-producing-more-batteries-than-the-rest-of-the-world",{"text":712,"type":599},".”",{"type":594,"attrs":714,"content":715},{"textAlign":49},[716],{"type":649,"attrs":717},{"id":49,"alt":651,"src":718,"title":49,"source":49,"copyright":49,"meta_data":719},"https://a.storyblok.com/f/287943243085208/144bd532a0/bm-top-10-cell-producers-2022-v4.jpg",{},{"type":594,"attrs":721,"content":722},{"textAlign":49},[723],{"text":724,"type":599},"South Korean and Japanese battery companies including LG Energy Solution, SK On, Samsung SDI and Panasonic are all investing heavily in the North American market, as a result of subsidies unveiled in the Inflation Reduction Act. ",{"type":594,"attrs":726,"content":727},{"textAlign":49},[728],{"text":729,"type":599},"LG Energy Solution said this week it would increase capital expenditure by 50 percent this year from 6.3 trillion won ($5 billion) in 2022 as it targets annual production capacity of 300 gigawatt-hours by the end of this year. ",{"type":594,"attrs":731,"content":732},{"textAlign":49},[733],{"text":734,"type":599},"But they are still losing ground globally to Chinese manufacturers, Waid said. ",{"type":681,"attrs":736,"content":737},{"level":683,"textAlign":49},[738],{"text":739,"type":599},"Biggest growers",{"type":594,"attrs":741,"content":742},{"textAlign":49},[743],{"text":744,"type":599},"In proportional terms, China Aviation Lithium Battery (CALB), which listed on the Hong Kong stock market last year, is expected to grow the most with a potential 15-fold increase in its output by 2030 if its announced plans come to fruition. ",{"type":594,"attrs":746,"content":747},{"textAlign":49},[748],{"text":749,"type":599},"Benchmark’s forecast shows it has the potential to have about three-quarters of the battery production of BYD in that year.",{"type":594,"attrs":751,"content":752},{"textAlign":49},[753,755,761],{"text":754,"type":599},"“CALB raised $1.26 billion in Hong Kong’s ",{"text":756,"type":599,"marks":757},"third-largest IPO last year",[758],{"type":608,"attrs":759},{"href":760,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/chinas-calb-files-for-ipo-as-it-looks-to-challenge-catls-battery-dominance",{"text":762,"type":599}," and is expected to use this to fund its ambitious expansion plans, domestically and overseas,” Waid said. ",{"type":594,"attrs":764,"content":765},{"textAlign":49},[766],{"text":767,"type":599},"In November, the company confirmed plans to build its first European production site in Portugal and is expected to become the fourth largest battery producer by 2030, based on current forecasts.",{"type":681,"attrs":769,"content":770},{"level":683,"textAlign":49},[771],{"text":772,"type":599},"The declining role of portables",{"type":594,"attrs":774,"content":775},{"textAlign":49},[776,778,784],{"text":777,"type":599},"Amperex Technology Limited (ATL) is the only company on the list that produces lithium ion batteries for the ",{"text":779,"type":599,"marks":780},"portables market",[781],{"type":608,"attrs":782},{"href":783,"uuid":49,"anchor":49,"target":49,"linktype":611},"https://source.benchmarkminerals.com/article/cobalt-prices-fall-40-as-weak-global-economy-hits-smartphone-sales",{"text":785,"type":599},". As a result its growth plans are significantly less than those companies targeting the EV industry. ",{"type":594,"attrs":787,"content":788},{"textAlign":49},[789],{"text":790,"type":599},"ATL is currently the seventh largest battery maker in the world, according to Benchmark’s Lithium ion Battery Database. However, it is forecast to grow just 22% between 2022 and 2030, whereas CATL will grow almost 320% in the same time period, thanks to the ever-growing demand for electric vehicle batteries.",{"type":594,"attrs":792,"content":793},{"textAlign":49},[794],{"text":795,"type":599},"This year the top ten are likely to be entirely those who produce batteries for electric vehicles, Waid said.",{"type":594,"attrs":797,"content":798},{"textAlign":49},[799],{"text":800,"type":599},"“With the portables market being a mature market and with greater focus on sustainability, we expect governments to push portable manufacturers to increase device lifespans, which could impact long-term demand for new devices,” Waid said. “On the other hand, EVs will play a key role in lowering emissions and meeting global goals on climate change, as EV demand is set to grow around 460% by 2030.”","The world’s ten largest battery companies accounted for 71% of all lithium ion battery cells produced last year. Just three producers – CATL, LG Energy Solution, and BYD, accounted for 44% of all production. The top ten battery producers, who supply most of the global electric vehicle industry, are set to increase production by 400% […]",[803],{"slug":582,"name":583,"content":804},{"job_title":585,"image":805,"bio":588,"linkedin":589},{"filename":587},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"80c7bf55-099f-464e-a762-8bee859a63bd\", \"id\": \"\"}-->","article",[809,812,815],{"slug":810,"name":811},"batteries","Batteries",{"slug":813,"name":814},"gigafactories","Battery & Gigafactory",{"slug":816,"name":817},"new-energy","New Energy","private",{"id":49,"alt":651,"name":651,"focus":651,"title":651,"source":651,"filename":820,"copyright":651,"fieldtype":821,"meta_data":822,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/463af1c2cf/bm-top-10-cell-producers-2022-cover-image.jpg","asset",{"alt":651,"title":651,"source":651,"copyright":651},"Jan 27, 2023","27th January 2023",[],[],1781107348978]