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Chinese province producing more batteries than the rest of the world ","the-chinese-province-producing-more-batteries-than-the-rest-of-the-world","article/the-chinese-province-producing-more-batteries-than-the-rest-of-the-world",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":691,"featured":51,"reporter":692,"_editable":696,"component":697,"seo_title":553,"categories":698,"visibility":705,"author_company":49,"featured_image":706,"seo_description":691,"author_full_name":49,"author_job_title":49,"formattedDate":710,"formattedArticleDate":711},"4cc6968f-c066-4c0a-8112-bf5e2d63b22d","2022-12-08 00:00",[560,563],{"slug":561,"name":562},"china","China",{"slug":564,"name":565},"data-visualisation","Data Visualisation",[567],{"slug":568,"name":569,"content":570},"matthew-bird","Matthew Bird",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Senior Editor - Supply Chains & Data Visualisation",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply 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":577,"content":578},"doc",[579,586,591,596,601,610,615,620,625,630,635,642,647,652,657,664,669,674,681,686],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"China’s Jiangsu province will produce more batteries than the rest of the world this year and is set to extend its lead in 2023, according to a Benchmark analysis.","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":585},"Jiangsu is forecast to produce almost 250 gigawatt-hours (GWh) of battery cells next year, 10 GWh more than all other non-Chinese countries, data from Benchmark’s Lithium ion Battery Database shows. ",{"type":580,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":585},"“In the EV supply chain, Changzhou is the main area in Jiangsu. Government support and planning on the EV supply chain was a gamble. The government saw the opportunity first and decided to invest more at an early stage to develop the industry faster,” Albert Li, an analyst from Benchmark, said. ",{"type":580,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":585},"The rapid development of battery production in the region highlights the disparity between Chinese provinces and other countries looking to scale up battery production.",{"type":580,"attrs":602,"content":603},{"textAlign":49},[604],{"type":605,"attrs":606},"image",{"id":49,"alt":607,"src":608,"title":49,"source":49,"copyright":49,"meta_data":609},"","https://a.storyblok.com/f/287943243085208/dc3cbb2a28/bm-rise-of-jiangsu.png",{},{"type":580,"attrs":611,"content":612},{"textAlign":49},[613],{"text":614,"type":585},"In 2015, there were only two battery factories in Jiangsu producing at gigawatt-hour scale. Following major investments from Chinese and South Korean battery manufacturers there are now 28 plants producing at gigawatt-hour scale. ",{"type":580,"attrs":616,"content":617},{"textAlign":49},[618],{"text":619,"type":585},"In comparison, Benchmark forecasts that only 31 gigafactories outside of China will produce more than one gigawatt-hour of cells in 2022. ",{"type":580,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":585},"Changzhou introduced CALB to establish cell factories in 2015, CATL in 2016, and SVOLT in 2018, Li said. ",{"type":580,"attrs":626,"content":627},{"textAlign":49},[628],{"text":629,"type":585},"“These projects drew more downstream and upstream projects to actively work with cell producers,” he said.",{"type":580,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":585},"Expansions from tier 1 battery producers have been key to Jiangsu’s battery production growth and will account for 64% of output next year. The province is home to seven of nine tier 1 battery manufacturers including CATL, BYD, LG Energy Solution (LGES), and SK On. ",{"type":636,"attrs":637,"content":639},"heading",{"level":638,"textAlign":49},4,[640],{"text":641,"type":585},"Competing with continents ",{"type":580,"attrs":643,"content":644},{"textAlign":49},[645],{"text":646,"type":585},"The growth of Jiangsu’s battery industry has seen it quickly overtake other parts of the world. In 2018, North America’s cell production output was 40% more than Jiangsu province at 27 GWh. ",{"type":580,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":585},"Since then, Jiangsu’s battery production has increased by 850%, while North America’s has almost doubled. ",{"type":580,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":585},"This year, Jiangsu province is on track to produce almost four times more than North America and three times Europe. Benchmark forecasts that it will take until 2029 for the two continents to match Jiangsu’s lithium ion output.",{"type":580,"attrs":658,"content":659},{"textAlign":49},[660],{"type":605,"attrs":661},{"id":49,"alt":607,"src":662,"title":49,"source":49,"copyright":49,"meta_data":663},"https://a.storyblok.com/f/287943243085208/96bdb68968/bm-jiangsu-v-europe-v-north-america-1.png",{},{"type":580,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":585},"A Chinese battery and economic hub",{"type":580,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":585},"Jiangsu has been central to the growth of China’s battery industry and is forecast to produce almost a third of the country’s battery output this year, according to Benchmark’s Lithium ion Battery Database.",{"type":580,"attrs":675,"content":676},{"textAlign":49},[677],{"type":605,"attrs":678},{"id":49,"alt":607,"src":679,"title":49,"source":49,"copyright":49,"meta_data":680},"https://a.storyblok.com/f/287943243085208/af70e0e06f/bm-china-battery-provinces.png",{},{"type":580,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":585},"“Jiangsu province’s GDP has ranked second in China for three decades. The region has a strong business environment, an experienced local government, and is located between Beijing and Shanghai ports for sea and river transportation,” Li said. ",{"type":580,"attrs":687,"content":688},{"textAlign":49},[689],{"text":690,"type":585},"“Government support with real promises is very important – not just in finance but also in policy and real execution,” he added. ","China’s Jiangsu province will produce more batteries than the rest of the world this year and is set to extend its lead in 2023, according to a Benchmark analysis. Jiangsu is forecast to produce almost 250 gigawatt-hours (GWh) of battery cells next year, 10 GWh more than all other non-Chinese countries, data from Benchmark’s Lithium […]",[693],{"slug":568,"name":569,"content":694},{"job_title":571,"image":695,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"4cc6968f-c066-4c0a-8112-bf5e2d63b22d\", \"id\": \"\"}-->","article",[699,702],{"slug":700,"name":701},"batteries","Batteries",{"slug":703,"name":704},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":607,"name":607,"focus":607,"title":607,"source":607,"filename":707,"copyright":607,"fieldtype":708,"meta_data":709,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/989cfc8c16/bm-changzhou-jiangsu-province.jpg","asset",{"alt":607,"title":607,"source":607,"copyright":607},"Dec 08, 2022","8th December 2022",[],[],1792773921818]