[{"data":1,"prerenderedAt":736},["ShallowReactive",2],{"ticker-data":3,"story-article/us-planned-lfp-battery-production-capacity-soars-past-europe-with-lges-and-gotion-plants":550},[4,52,82,112,148,186,229,261,297,336,378,419,460,490,520],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-14","2wk","Updated every 2 weeks","Lithium",317.07,322.34,-1.64,35.66,90.62,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-09-30",{"date":19,"value":20},"2026-09-16",354.99,{"date":22,"value":23},"2026-09-02",385.07,{"date":25,"value":26},"2026-08-19",372.67,{"date":28,"value":29},"2026-08-05",367.54,{"date":31,"value":32},"2026-07-22",388.26,{"date":34,"value":35},"2026-07-08",399.4,{"date":37,"value":38},"2026-06-24",410.62,{"date":40,"value":41},"2026-06-10",427.77,{"date":43,"value":44},"2026-05-27",449.85,{"date":46,"value":47},"2026-05-13",451.12,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",256.83,278.71,-7.85,1.12,46.89,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},300.39,{"date":22,"value":65},306.07,{"date":25,"value":67},297.22,{"date":28,"value":69},296.63,{"date":31,"value":71},309.38,{"date":34,"value":73},317.2,{"date":37,"value":75},330.54,{"date":40,"value":77},346.5,{"date":43,"value":79},358.35,{"date":46,"value":81},350.28,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",292.05,311.1,-6.12,43.7,92,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},339.85,{"date":22,"value":95},352.45,{"date":25,"value":97},341.12,{"date":28,"value":99},337.87,{"date":31,"value":101},354.36,{"date":34,"value":103},364.06,{"date":37,"value":105},376.67,{"date":40,"value":107},393.29,{"date":43,"value":109},411.01,{"date":46,"value":111},408.51,{"publishedDate":5,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",171.41,173.83,-1.39,-27.13,-1.06,[122,123,125,126,129,131,133,136,138,141,142,145],{"date":5,"value":116},{"date":124,"value":117},"2026-10-07",{"date":17,"value":117},{"date":127,"value":128},"2026-09-23",175.44,{"date":19,"value":130},178.66,{"date":22,"value":132},189.92,{"date":134,"value":135},"2026-08-26",192.6,{"date":25,"value":137},199.83,{"date":139,"value":140},"2026-08-12",217.25,{"date":28,"value":140},{"date":143,"value":144},"2026-07-29",221.25,{"date":31,"value":146},224.44,"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-21","Nickel",107.13,114.04,-6.06,-11.27,-0.65,[157,158,159,161,164,166,168,170,173,176,179,182],{"date":149,"value":151},{"date":124,"value":152},{"date":127,"value":160},116.1,{"date":162,"value":163},"2026-09-09",119.13,{"date":134,"value":165},119.61,{"date":139,"value":167},121.04,{"date":143,"value":169},121.19,{"date":171,"value":172},"2026-07-15",122.66,{"date":174,"value":175},"2026-07-01",125.61,{"date":177,"value":178},"2026-06-17",131.5,{"date":180,"value":181},"2026-06-03",134.65,{"date":183,"value":184},"2026-05-20",135.83,"/nickel/prices",{"publishedDate":17,"updateFrequency":187,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":228,"subscription":49,"isProtected":50,"hasAccess":51},"1mo","Updated every month","Natural Graphite",78.45,80.18,-2.16,-3.84,-4.03,[196,197,199,202,205,208,211,214,217,220,223,226],{"date":17,"value":190},{"date":198,"value":191},"2026-08-28",{"date":200,"value":201},"2026-07-31",80.66,{"date":203,"value":204},"2026-06-30",82.87,{"date":206,"value":207},"2026-05-29",82.99,{"date":209,"value":210},"2026-04-30",82.93,{"date":212,"value":213},"2026-03-31",82.39,{"date":215,"value":216},"2026-02-27",81.92,{"date":218,"value":219},"2026-01-30",81.69,{"date":221,"value":222},"2025-12-31",81.58,{"date":224,"value":225},"2025-11-28",81.35,{"date":227,"value":225},"2025-10-31","/natural-graphite/prices",{"publishedDate":17,"updateFrequency":187,"updateFrequencyText":188,"label":230,"today":231,"last":232,"percentageChange":233,"yearToDate":234,"yearOnYear":235,"oneYearIndexTrend":236,"url":260,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",86.15,81.86,5.24,15.73,19.78,[237,238,239,241,242,244,246,248,250,252,254,257],{"date":17,"value":231},{"date":200,"value":232},{"date":203,"value":240},80.54,{"date":206,"value":240},{"date":209,"value":243},84.01,{"date":212,"value":245},79.79,{"date":215,"value":247},75.72,{"date":218,"value":249},74.61,{"date":221,"value":251},74.44,{"date":227,"value":253},72.75,{"date":255,"value":256},"2025-09-30",71.92,{"date":258,"value":259},"2025-08-29",71.46,"/synthetic-graphite/prices",{"publishedDate":262,"updateFrequency":187,"updateFrequencyText":188,"label":263,"today":264,"last":265,"percentageChange":266,"yearToDate":267,"yearOnYear":268,"oneYearIndexTrend":269,"url":296,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-15","Anode",80.45,80.24,0.27,1.81,3.2,[270,271,273,275,276,278,281,284,287,289,291,293],{"date":262,"value":264},{"date":272,"value":265},"2026-09-15",{"date":274,"value":265},"2026-08-17",{"date":171,"value":265},{"date":277,"value":265},"2026-06-15",{"date":279,"value":280},"2026-05-15",79.16,{"date":282,"value":283},"2026-04-15",81.98,{"date":285,"value":286},"2026-03-16",79.03,{"date":288,"value":286},"2026-02-16",{"date":290,"value":286},"2026-01-15",{"date":292,"value":286},"2025-12-15",{"date":294,"value":295},"2025-11-17",77.79,"/anode/prices",{"publishedDate":298,"updateFrequency":187,"updateFrequencyText":188,"label":299,"today":300,"last":301,"percentageChange":302,"yearToDate":303,"yearOnYear":304,"oneYearIndexTrend":305,"url":335,"subscription":49,"isProtected":50,"hasAccess":51},"2026-08-01","Cathode",73.32,77.21,-5.04,14.41,55.07,[306,307,308,311,314,317,320,323,325,327,329,332],{"date":298,"value":300},{"date":174,"value":301},{"date":309,"value":310},"2026-06-01",80.32,{"date":312,"value":313},"2026-05-01",81.71,{"date":315,"value":316},"2026-04-01",77.27,{"date":318,"value":319},"2026-03-01",81.99,{"date":321,"value":322},"2026-02-01",80.5,{"date":290,"value":324},72.79,{"date":292,"value":326},64.08,{"date":294,"value":328},62.01,{"date":330,"value":331},"2025-10-15",53.51,{"date":333,"value":334},"2025-09-15",49.5,"/cathode/prices",{"publishedDate":337,"updateFrequency":187,"updateFrequencyText":188,"label":338,"today":339,"last":340,"percentageChange":341,"yearToDate":342,"yearOnYear":343,"oneYearIndexTrend":344,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[345,346,348,351,354,357,360,363,366,368,371,374],{"date":337,"value":339},{"date":347,"value":340},"2025-02-28",{"date":349,"value":350},"2025-01-31",71.45,{"date":352,"value":353},"2024-12-31",75.74,{"date":355,"value":356},"2024-11-29",76.98,{"date":358,"value":359},"2024-10-31",77.34,{"date":361,"value":362},"2024-09-30",77.43,{"date":364,"value":365},"2024-08-30",80.56,{"date":367,"value":207},"2024-07-31",{"date":369,"value":370},"2024-06-28",87.2,{"date":372,"value":373},"2024-05-31",90.7,{"date":375,"value":376},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":379,"updateFrequency":6,"updateFrequencyText":7,"label":380,"today":381,"last":382,"percentageChange":383,"yearToDate":384,"yearOnYear":385,"oneYearIndexTrend":386,"url":418,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-08","Black Mass",37.11,38.95,-4.72,-14,18.31,[387,388,390,393,396,399,402,405,408,411,414,416],{"date":379,"value":381},{"date":389,"value":382},"2026-09-24",{"date":391,"value":392},"2026-09-10",42.03,{"date":394,"value":395},"2026-08-27",43.88,{"date":397,"value":398},"2026-08-13",42.33,{"date":400,"value":401},"2026-07-30",43.42,{"date":403,"value":404},"2026-07-16",46.74,{"date":406,"value":407},"2026-07-02",46.01,{"date":409,"value":410},"2026-06-18",49.57,{"date":412,"value":413},"2026-02-12",47.34,{"date":415,"value":410},"2026-01-29",{"date":290,"value":417},43.15,"/recycling/black-mass-prices",{"publishedDate":262,"updateFrequency":187,"updateFrequencyText":188,"label":420,"today":421,"last":422,"percentageChange":423,"yearToDate":424,"yearOnYear":425,"oneYearIndexTrend":426,"url":459,"subscription":49,"isProtected":50,"hasAccess":51},"Rare Earths",172.08,171.72,0.21,20.59,30.21,[427,428,430,433,436,439,442,445,448,451,454,457],{"date":262,"value":421},{"date":429,"value":422},"2026-10-01",{"date":431,"value":432},"2026-09-03",170.83,{"date":434,"value":435},"2026-08-20",169.63,{"date":437,"value":438},"2026-08-06",172.28,{"date":440,"value":441},"2026-07-23",173.94,{"date":443,"value":444},"2026-07-09",171.69,{"date":446,"value":447},"2026-06-25",168.55,{"date":449,"value":450},"2026-06-11",165,{"date":452,"value":453},"2026-05-28",163.89,{"date":455,"value":456},"2026-05-14",172.63,{"date":209,"value":458},175.6,"/rare-earths/prices",{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":461,"today":462,"last":463,"percentageChange":464,"yearToDate":465,"yearOnYear":466,"oneYearIndexTrend":467,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",152.7,162.48,-6.02,17.38,53.11,[468,469,470,472,474,476,478,480,482,484,486,488],{"date":198,"value":462},{"date":200,"value":463},{"date":203,"value":471},171.08,{"date":206,"value":473},173.65,{"date":209,"value":475},164.53,{"date":212,"value":477},157.28,{"date":215,"value":479},151.44,{"date":218,"value":481},144.5,{"date":221,"value":483},130.09,{"date":224,"value":485},124.6,{"date":227,"value":487},122.35,{"date":255,"value":489},103.5,{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":491,"today":492,"last":493,"percentageChange":494,"yearToDate":495,"yearOnYear":496,"oneYearIndexTrend":497,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",144.45,149.67,-3.49,26.69,49.06,[498,499,500,502,504,506,508,510,512,514,516,518],{"date":198,"value":492},{"date":200,"value":493},{"date":203,"value":501},157.37,{"date":206,"value":503},160,{"date":209,"value":505},149.53,{"date":212,"value":507},141.97,{"date":215,"value":509},136.99,{"date":218,"value":511},129.81,{"date":221,"value":513},114.02,{"date":224,"value":515},109.17,{"date":227,"value":517},109.02,{"date":255,"value":519},99.44,{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":521,"today":522,"last":523,"percentageChange":524,"yearToDate":525,"yearOnYear":526,"oneYearIndexTrend":527,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",229.17,218.34,4.96,49.35,83.44,[528,529,530,532,534,536,538,540,542,544,546,548],{"date":198,"value":522},{"date":200,"value":523},{"date":203,"value":531},239.1,{"date":206,"value":533},258.32,{"date":209,"value":535},239.37,{"date":212,"value":537},213.01,{"date":215,"value":539},204.49,{"date":218,"value":541},218.06,{"date":221,"value":543},153.45,{"date":224,"value":545},134.02,{"date":227,"value":547},118.22,{"date":255,"value":549},111.93,{"id":551,"uuid":552,"name":553,"slug":554,"full_slug":555,"content":556,"relatedArticles":734,"relatedVideos":735},112471616014985,"b68ef05e-124d-4986-a800-d9234f8fe5ee","US planned LFP battery production capacity soars past Europe with LGES and Gotion plants","us-planned-lfp-battery-production-capacity-soars-past-europe-with-lges-and-gotion-plants","article/us-planned-lfp-battery-production-capacity-soars-past-europe-with-lges-and-gotion-plants",{"_uid":557,"date":558,"tags":559,"editor":565,"content":575,"excerpt":714,"featured":50,"reporter":715,"_editable":719,"component":720,"seo_title":553,"categories":721,"visibility":727,"author_company":49,"featured_image":728,"seo_description":714,"author_full_name":49,"author_job_title":49,"formattedDate":732,"formattedArticleDate":733},"3497e80e-2f49-46aa-9a3e-7c757bada679","2023-03-24 00:00",[560,563],{"slug":561,"name":562},"china","China",{"slug":564,"name":521},"lfp",[566],{"slug":567,"name":568,"content":569},"didi-bostock","Didi Bostock",{"job_title":570,"image":571,"bio":573,"linkedin":574},"Editor - Energy Transition & Economics",{"filename":572},"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":576,"content":577},"doc",[578,595,600,605,610,623,628,635,647,656,661,666,679,684,689,694,699,704,709],{"type":579,"attrs":580,"content":581},"paragraph",{"textAlign":49},[582,585,593],{"text":583,"type":584},"US capacity to produce cheaper ","text",{"text":586,"type":584,"marks":587},"lithium iron phosphate (LFP) cells",[588],{"type":589,"attrs":590},"link",{"href":591,"uuid":49,"anchor":49,"target":49,"linktype":592},"https://source.benchmarkminerals.com/article/the-rise-of-lfp-batteries-outside-of-china","url",{"text":594,"type":584}," could increase by two-thirds this decade, far surpassing Europe’s planned buildout, following decisions by China’s Gotion High-Tech and LG Energy Solution to invest in the country. ",{"type":579,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":584},"LGES announced it would invest $5.5 billion to build a battery plant in Arizona, including $2.3 billion for a factory with capacity to produce 16 gigawatt hours of lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS).",{"type":579,"attrs":601,"content":602},{"textAlign":49},[603],{"text":604,"type":584},"Gotion also plans to build a 50 GWh LFP cell plant in the US, Benchmark understands. ",{"type":579,"attrs":606,"content":607},{"textAlign":49},[608],{"text":609,"type":584},"The deals significantly increase the potential supply of LFP cells for the US market, which are needed for cheaper electric vehicles as well as energy storage installations. Automakers including Ford and Tesla are increasingly switching to LFP cells, in order to lower the costs of vehicles and increase their margins. ",{"type":579,"attrs":611,"content":612},{"textAlign":49},[613,615,621],{"text":614,"type":584},"The US is also reliant on LFP cells for energy storage systems, which are set to grow quickly following ",{"text":616,"type":584,"marks":617},"the passage of the Inflation Reduction Act last year",[618],{"type":589,"attrs":619},{"href":620,"uuid":49,"anchor":49,"target":49,"linktype":592},"https://source.benchmarkminerals.com/article/how-do-europes-energy-storage-incentives-compare-to-the-usas-ira",{"text":622,"type":584},".  ",{"type":579,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":584},"The North American LFP pipeline is now on track to reach 164.1 GWh of cell capacity in 2030, according to the Benchmark Gigafactory Assessment. That compares to 24.5 GWh of planned LFP battery production capacity for Europe by the end of the decade and 98.1 GWh before the two announcements.",{"type":629,"attrs":630,"content":632},"heading",{"level":631,"textAlign":49},4,[633],{"text":634,"type":584},"China is the LFP King",{"type":579,"attrs":636,"content":637},{"textAlign":49},[638,640,645],{"text":639,"type":584},"China currently ",{"text":641,"type":584,"marks":642},"dominates",[643],{"type":589,"attrs":644},{"href":591,"uuid":49,"anchor":49,"target":49,"linktype":592},{"text":646,"type":584}," LFP battery cell and cathode production, led by CATL and BYD, and is forecast to produce 99.5% of the LFP cells and 99% of LFP cathode material this year, according to Benchmark. ",{"type":579,"attrs":648,"content":649},{"textAlign":49},[650],{"type":651,"attrs":652},"image",{"id":49,"alt":653,"src":654,"title":49,"source":49,"copyright":49,"meta_data":655},"","https://a.storyblok.com/f/287943243085208/9bcdf63b89/bm-china-dominates-lfp-production-129689139d52.webp",{},{"type":579,"attrs":657,"content":658},{"textAlign":49},[659],{"text":660,"type":584},"LFP batteries accounted for 34% of global battery cell demand last year, according to the Benchmark Lithium Ion Battery Database.",{"type":579,"attrs":662,"content":663},{"textAlign":49},[664],{"text":665,"type":584},"But US automakers are increasingly switching to the technology, in order to produce cheaper vehicles and increase their margins. ",{"type":579,"attrs":667,"content":668},{"textAlign":49},[669,671,677],{"text":670,"type":584},"In February Ford ",{"text":672,"type":584,"marks":673},"agreed",[674],{"type":589,"attrs":675},{"href":676,"uuid":49,"anchor":49,"target":49,"linktype":592},"https://source.benchmarkminerals.com/article/ford-to-build-3-5-billion-us-lfp-battery-plant-using-catl-technology",{"text":678,"type":584}," to licence CATL’s technology to build an LFP plant in Michigan.",{"type":579,"attrs":680,"content":681},{"textAlign":49},[682],{"text":683,"type":584},"The automaker said initial production is scheduled to start in 2026 and will add about 35 GWh a year of new battery capacity in the US initially, enough to supply 400,000 electric vehicles.",{"type":629,"attrs":685,"content":686},{"level":631,"textAlign":49},[687],{"text":688,"type":584},"Gotion advances in the US ",{"type":579,"attrs":690,"content":691},{"textAlign":49},[692],{"text":693,"type":584},"The largest US LFP battery plant is set to be built by Gotion, and is scheduled to begin production in 2025 with full capacity expected to be brought online by 2028. ",{"type":579,"attrs":695,"content":696},{"textAlign":49},[697],{"text":698,"type":584},"Benchmark estimates Gotion will establish an initial capacity of 10 GWh. ",{"type":579,"attrs":700,"content":701},{"textAlign":49},[702],{"text":703,"type":584},"Gotion’s undisclosed site for the US cell plant includes plans to produce prismatic LFP cells that would cater to the North American electric vehicle and the energy storage market. ",{"type":579,"attrs":705,"content":706},{"textAlign":49},[707],{"text":708,"type":584},"The plant is expected to source cathode material from the company’s planned 150,000 tonnes a year capacity from an upcoming base near Big Rapids, Michigan, that is scheduled to begin production in 2025.  ",{"type":579,"attrs":710,"content":711},{"textAlign":49},[712],{"text":713,"type":584},"Gotion’s global cell capacity reached 93 GWh in 2022 and the pipeline is expected to reach 301 GWh by the end of 2030, according to the Benchmark Gigafactory Assessment. A total of 18% of Gotion’s pipeline capacity is now planned for development outside of China.","US capacity to produce cheaper lithium iron phosphate (LFP) cells could increase by two-thirds this decade, far surpassing Europe’s planned buildout, following decisions by China’s Gotion High-Tech and LG Energy Solution to invest in the country. LGES announced it would invest $5.5 billion to build a battery plant in Arizona, including $2.3 billion for a […]",[716],{"slug":567,"name":568,"content":717},{"job_title":570,"image":718,"bio":573,"linkedin":574},{"filename":572},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"3497e80e-2f49-46aa-9a3e-7c757bada679\", \"id\": \"\"}-->","article",[722,725],{"slug":723,"name":724},"batteries","Batteries",{"slug":726,"name":299},"cathode","private",{"id":49,"alt":653,"name":653,"focus":653,"title":653,"source":653,"filename":729,"copyright":653,"fieldtype":730,"meta_data":731,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/567a02e9b3/bm-gotion.jpg","asset",{"alt":653,"title":653,"source":653,"copyright":653},"Mar 24, 2023","24th March 2023",[],[],1792773917445]