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gigafactories?","who-owns-the-usas-gigafactories","article/who-owns-the-usas-gigafactories",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":864,"featured":51,"reporter":865,"_editable":869,"component":870,"seo_title":543,"categories":871,"visibility":878,"author_company":49,"data_vis_image":879,"featured_image":883,"seo_description":864,"author_full_name":49,"author_job_title":49,"formattedDate":886,"formattedArticleDate":887},"461e361d-ea37-4820-988b-c624b5e6461b","2024-10-08 00:00",[550,553],{"slug":551,"name":552},"data-visualisation","Data Visualisation",{"slug":554,"name":555},"usa","USA",[557],{"slug":558,"name":559,"content":560},"didi-bostock","Didi Bostock",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Editor - Energy Transition & Economics",{"filename":563},"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":567,"content":568},"doc",[569,586,591,596,601,610,617,630,635,640,656,661,672,677,682,697,707,726,731,743,748,762,767,779,784,798,809,821,826,840,851],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573,576,584],{"text":574,"type":575},"US companies own just 43% of the country’s 2030 pipeline gigafactory capacity, according to Benchmark’s ","text",{"text":577,"type":575,"marks":578},"Gigafactory Assessment",[579],{"type":580,"attrs":581},"link",{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://www.benchmarkminerals.com/lithium-ion-batteries/capacity-database/gigafactory","url",{"text":585,"type":575},". ",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"The Inflation Reduction Act (IRA) has had a significant impact on gigafactory buildout in the country, with 2030 pipeline capacity growing 68% and 17 new projects being added since it came into force in July 2022.",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":575},"The IRA provides a $35 kilowatt-hour (kWh) tax credit for the production of battery cells in the US, making the country more competitive with China where capital intensity is lower and producers benefit from a more vertically integrated supply chain, enabling access to lower cost raw materials.",{"type":570,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":575},"“The IRA has been transformational in how we forecast and see costs by the end of this decade,” said Shivangee Chauhan, an analyst at Benchmark.",{"type":570,"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/afa964598d/bm-who-owns-us-gigafactories.png",{},{"type":611,"attrs":612,"content":614},"heading",{"level":613,"textAlign":49},4,[615],{"text":616,"type":575},"The five companies with the highest US-based 2030 pipeline gigafactory capacity",{"type":570,"attrs":618,"content":619},{"textAlign":49},[620,622,628],{"text":621,"type":575},"North American demand for cells is forecast to triple by 2030, according to Benchmark’s  ",{"text":623,"type":575,"marks":624},"Lithium ion Battery Database",[625],{"type":580,"attrs":626},{"href":627,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://www.benchmarkminerals.com/lithium-ion-batteries/data-reports/forecast",{"text":629,"type":575},". Combined with IRA and Bipartisan Infrastructure Law (BIL) incentives, many companies are prioritising expanding gigafactory capacity in the US. ",{"type":570,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":575},"Here are the five companies with the highest US-based 2030 gigafactory pipeline capacity:",{"type":611,"attrs":636,"content":637},{"level":613,"textAlign":49},[638],{"text":639,"type":575},"1. Tesla ",{"type":570,"attrs":641,"content":642},{"textAlign":49},[643,648,652],{"text":644,"type":575,"marks":645},"Headquarters: US",[646],{"type":647},"italic",{"text":649,"type":575,"marks":650},"2030 US-based pipeline capacity: 309 GWh",[651],{"type":647},{"text":653,"type":575,"marks":654},"Number of US gigafactories in production or development: Four",[655],{"type":647},{"type":570,"attrs":657,"content":658},{"textAlign":49},[659],{"text":660,"type":575},"Tesla is responsible for the bulk of US-owned 2030 pipeline gigafactory capacity, comprising 309 gigawatt-hour (GWh), comprising over half of the nation’s gigafactory capacity in production or development.",{"type":570,"attrs":662,"content":663},{"textAlign":49},[664,666,670],{"text":665,"type":575},"The automaker began battery production in the US in 2017 at Gigafactory 1, its joint venture project with Panasonic which is operated by the Japanese electronics company. The company has ramped up production since then and is expected to have 149 GWh of US-based capacity in 2025, according to Benchmark’s ",{"text":577,"type":575,"marks":667},[668],{"type":580,"attrs":669},{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":671,"type":575},".",{"type":570,"attrs":673,"content":674},{"textAlign":49},[675],{"text":676,"type":575},"Tesla is expanding overseas and is expected to begin production from its gigafactory in Grünheide, Germany next year. ",{"type":611,"attrs":678,"content":679},{"level":613,"textAlign":49},[680],{"text":681,"type":575},"2. 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In July, the company agreed to ",{"text":737,"type":575,"marks":738},"supply Ampere with LFP batteries",[739],{"type":580,"attrs":740},{"href":717,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":742,"type":575}," for five years, with a total capacity of 39 GWh.",{"type":611,"attrs":744,"content":745},{"level":613,"textAlign":49},[746],{"text":747,"type":575},"3. SK Innovation ",{"type":570,"attrs":749,"content":750},{"textAlign":49},[751,754,758],{"text":686,"type":575,"marks":752},[753],{"type":647},{"text":755,"type":575,"marks":756},"2030 US-based pipeline capacity: 196 GWh",[757],{"type":647},{"text":759,"type":575,"marks":760},"Number of US gigafactories in production or development: Six",[761],{"type":647},{"type":570,"attrs":763,"content":764},{"textAlign":49},[765],{"text":766,"type":575},"SK Innovation’s gigafactory capacity build out shows similar geographic prioritisation to LGES, with US capacity more than doubling by 2030 whilst Chinese capacity increases by around a third.",{"type":570,"attrs":768,"content":769},{"textAlign":49},[770,772,777],{"text":771,"type":575},"South Korean and Japanese cell manufacturers have ",{"text":773,"type":575,"marks":774},"prioritised ramping up North American production",[775],{"type":580,"attrs":776},{"href":717,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":778,"type":575}," over Asian projects. Cell demand in the North American market is forecast to be almost double that of the APAC ex-China region in 2030. ",{"type":611,"attrs":780,"content":781},{"level":613,"textAlign":49},[782],{"text":783,"type":575},"4. Samsung ",{"type":570,"attrs":785,"content":786},{"textAlign":49},[787,790,794],{"text":686,"type":575,"marks":788},[789],{"type":647},{"text":791,"type":575,"marks":792},"2030 US-based pipeline capacity: 103 GWh",[793],{"type":647},{"text":795,"type":575,"marks":796},"Number of US gigafactories in production or development: Three",[797],{"type":647},{"type":570,"attrs":799,"content":800},{"textAlign":49},[801,803,807],{"text":802,"type":575},"Samsung is expected to produce its first batteries in the US from its Kokomo, Indiana facility next year, according to Benchmark’s ",{"text":623,"type":575,"marks":804},[805],{"type":580,"attrs":806},{"href":627,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":808,"type":575},". The company is forecast to more than quadruple its US capacity by 2030.",{"type":570,"attrs":810,"content":811},{"textAlign":49},[812,814,819],{"text":813,"type":575},"In August, ",{"text":815,"type":575,"marks":816},"Samsung finalised its agreement with General Motors",[817],{"type":580,"attrs":818},{"href":717,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":820,"type":575}," for a joint venture gigafactory in Indiana, US. The $3.5 billion deal will develop a 27 GWh facility that could be expanded to 36 GWh.",{"type":611,"attrs":822,"content":823},{"level":613,"textAlign":49},[824],{"text":825,"type":575},"5. Envision ",{"type":570,"attrs":827,"content":828},{"textAlign":49},[829,833,837],{"text":830,"type":575,"marks":831},"Headquarters: China",[832],{"type":647},{"text":834,"type":575,"marks":835},"2030 US-based pipeline capacity: 85 GWh",[836],{"type":647},{"text":795,"type":575,"marks":838},[839],{"type":647},{"type":570,"attrs":841,"content":842},{"textAlign":49},[843,845,849],{"text":844,"type":575},"Of Envision’s five projects expected to begin production by 2030, four are located in the US and Europe with the other based in China. Benchmark’s ",{"text":577,"type":575,"marks":846},[847],{"type":580,"attrs":848},{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},{"text":850,"type":575}," shows the company’s capacity will be more international by the end of the decade, as it increases US gigafactory capacity fivefold, quadrupes European capacity, and more than doubles its Asia ex-China capacity. ",{"type":570,"attrs":852,"content":853},{"textAlign":49},[854,856,862],{"text":855,"type":575},"Gotion is the only other Chinese company that is the primary owner of a US gigafactory with its Manteno, Illinois facility expected to begin production in 2025. There is also ",{"text":857,"type":575,"marks":858},"Ford’s joint venture with CATL",[859],{"type":580,"attrs":860},{"href":861,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://source.benchmarkminerals.com/article/ford-to-build-3-5-billion-us-lfp-battery-plant-using-catl-technology?_branch_match_id=1544394147155095977&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWT87LqjI3zs%2FJ9U%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAKdS2rkgAAAA%3D",{"text":863,"type":575}," which plans to produce LFP cells from its Michigan facility using “knowledge and services provided by CATL,” according to a statement by Ford.","US companies own just 43% of the country’s 2030 pipeline gigafactory capacity, according to Benchmark’s Gigafactory Assessment. The Inflation Reduction Act (IRA) has had a significant impact on gigafactory buildout in the country, with 2030 pipeline capacity growing 68% and 17 new projects being added since it came into force in July 2022. The IRA […]",[866],{"slug":558,"name":559,"content":867},{"job_title":561,"image":868,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"461e361d-ea37-4820-988b-c624b5e6461b\", \"id\": \"\"}-->","article",[872,875],{"slug":873,"name":874},"batteries","Batteries",{"slug":876,"name":877},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":880,"name":607,"focus":607,"title":880,"source":607,"filename":608,"copyright":607,"fieldtype":881,"meta_data":882,"is_external_url":51},"Treemap showing US-based gigafactory capacity by the country of the primary owner. The largest segment is the US (43%) and the second largest is South Korea (36%)","asset",{"alt":880,"title":880,"source":607,"copyright":607},{"id":49,"alt":607,"name":607,"focus":607,"title":607,"source":607,"filename":884,"copyright":607,"fieldtype":881,"meta_data":885,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/3daf190ca7/bm-lges-us-michigan.jpg",{"alt":607,"title":607,"source":607,"copyright":607},"Oct 08, 2024","8th October 2024",[],[],1781615393953]