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batteries?","who-supplies-the-world-s-ev-batteries-","article/who-supplies-the-world-s-ev-batteries-",{"_uid":547,"date":548,"tags":549,"editor":559,"content":569,"excerpt":701,"featured":51,"reporter":702,"component":713,"seo_title":543,"categories":714,"visibility":724,"author_company":597,"data_vis_image":725,"featured_image":727,"seo_description":701,"author_full_name":597,"author_job_title":597,"formattedDate":732,"formattedArticleDate":733},"6ad77b7a-2cb9-4deb-883d-7a9537b6d2c7","2026-02-16 00:00",[550,553,556],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"europe","Europe",{"slug":557,"name":558},"data-visualisation","Data Visualisation",[560],{"slug":561,"name":562,"content":563},"didi-bostock","Didi Bostock",{"job_title":564,"image":565,"bio":567,"linkedin":568},"Editor - Energy Transition & Economics",{"filename":566},"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":570,"content":571},"doc",[572,590,600,611,624,632,645,653,658,663,668,676,678,694],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576,579,588],{"text":577,"type":578},"As global ","text",{"text":580,"type":578,"marks":581},"EV demand",[582],{"type":583,"attrs":584},"link",{"href":585,"uuid":49,"anchor":49,"target":586,"linktype":587},"https://www.benchmarkminerals.com/ev-and-battery","_blank","url",{"text":589,"type":578}," continues to accelerate, battery supply remains highly concentrated and regionally uneven.",{"type":573,"attrs":591,"content":592},{"textAlign":49},[593],{"type":594,"attrs":595},"image",{"id":596,"alt":597,"src":598,"title":597,"source":597,"copyright":597,"meta_data":599},145609966425599,"","https://a.storyblok.com/f/287943243085208/5208x3996/b37098b6b3/image-7.png",{},{"type":601,"attrs":602,"content":604},"heading",{"level":603,"textAlign":49},1,[605],{"text":606,"type":578,"marks":607},"Who supplies China’s EV batteries?",[608],{"type":609,"attrs":610},"textStyle",{"color":597},{"type":573,"attrs":612,"content":613},{"textAlign":49},[614,616,622],{"text":615,"type":578},"China’s EV market is largely self-supplied by domestic battery manufacturers, with players such as CATL, BYD, CALB, Gotion, Sunwoda and SVOLT leading the market. This dominance is underpinned by a high degree of vertical integration and control across the battery ",{"text":617,"type":578,"marks":618},"supply chain",[619],{"type":583,"attrs":620},{"href":621,"uuid":49,"anchor":49,"target":586,"linktype":587},"https://www.benchmarkminerals.com/supply-chain-data",{"text":623,"type":578},".",{"type":601,"attrs":625,"content":626},{"level":603,"textAlign":49},[627],{"text":628,"type":578,"marks":629},"Who supplies Europe’s EV batteries?",[630],{"type":609,"attrs":631},{"color":597},{"type":573,"attrs":633,"content":634},{"textAlign":49},[635,637,643],{"text":636,"type":578},"Europe’s EV battery supply is split primarily between South Korean and Chinese manufacturers. While Korean suppliers retain a strong foothold (LG Energy Solution, Samsung SDI, SK On), Chinese players are steadily increasing market share. In 2025, Chinese producers supplied 42% of Europe’s EV ",{"text":638,"type":578,"marks":639},"battery demand",[640],{"type":583,"attrs":641},{"href":642,"uuid":49,"anchor":49,"target":586,"linktype":587},"https://www.benchmarkminerals.com/battery-gigafactory",{"text":644,"type":578},", gaining 4 p.p. year-on-year, while Korean manufacturers remained the largest suppliers with a 56% share year-on-year.",{"type":601,"attrs":646,"content":647},{"level":603,"textAlign":49},[648],{"text":649,"type":578,"marks":650},"Who supplies EV batteries to the rest of the world?",[651],{"type":609,"attrs":652},{"color":597},{"type":573,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":578},"The US benefits from a more diversified supplier base, spanning Korean, Japanese, US (predominantly Ultium, the GM–LG joint venture) and Chinese companies. Domestic capacity is expanding, but the market remains reliant on Asian manufacturers in the near to medium term.",{"type":573,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":578},"Outside the major EV markets, battery supply is predominantly sourced from Chinese manufacturers, reflecting limited local production capacity. ",{"type":573,"attrs":664,"content":665},{"textAlign":49},[666],{"text":667,"type":578},"As EV adoption scales, regions are seeking greater supply chain resilience, but the difficulty of establishing domestic battery production means Chinese and Korean manufacturers, already scaled, cost competitive and integrated, remain central to meeting near and medium-term demand.-competitive and integrated, remain central to meeting near- and medium-term demand. ",{"type":573,"attrs":669,"content":670},{"textAlign":49},[671],{"text":672,"type":578,"marks":673},"For more information about Benchmark’s EV & Battery Service get in touch with the team below:",[674],{"type":675},"italic",{"type":573,"attrs":677},{"textAlign":49},{"type":679,"attrs":680},"blok",{"id":681,"body":682},"2f77e184-5c4f-4467-b2dd-c354495365cd",[683],{"id":684,"_uid":685,"component":686,"wrap_in_box":50,"redirect_url":687,"success_file":690,"default_height":597,"success_message":597,"v2_hubspot_form":50,"success_sub_text":597,"hidden_field_values":693,"show_on_intelligence":50},"57a99950-73f5-48be-98a4-7324c28e5d0b","i-eacbc36c-a7f1-416f-8afc-56fb0b3efa13","ContentHubspotForm",{"id":597,"url":597,"linktype":688,"fieldtype":689,"cached_url":597},"story","multilink",{"id":49,"alt":49,"name":597,"focus":49,"title":49,"source":49,"filename":597,"copyright":49,"fieldtype":691,"meta_data":692},"asset",{},[],{"type":573,"attrs":695,"content":696},{"textAlign":49},[697],{"text":698,"type":578,"marks":699}," ",[700],{"type":675},"As global EV demand continues to accelerate, battery supply remains highly concentrated and regionally uneven.",[703],{"slug":704,"name":705,"content":706},"charles-lester","Charles Lester",{"job_title":707,"image":708,"bio":710,"linkedin":711,"markets_covered":712},"Data Manager",{"filename":709},"https://a.storyblok.com/f/287943243085208/400x400/e3e91a8cc9/charles-lester.jpeg","Charles is Data Manager at Rho Motion, working on electric vehicle, battery, charging, and recycling market analysis, as well as modelling energy and commodity demand associated with the energy transition. Prior to joining Rho Motion he was a Consultant at Argus Media working across several sectors including energy, fertiliser and emissions economics. He has worked on multiple feasibility studies for major industrial projects worth several billion dollars. Charles graduated with a First Class Honours degree in Economics, and a Master’s Degree in Economics from University College London (UCL).","https://www.linkedin.com/in/charleslester-124/","EV and Battery","article",[715,718,721],{"slug":716,"name":717},"ev","EV",{"slug":719,"name":720},"batteries","Batteries",{"slug":722,"name":723},"gigafactories","Battery & Gigafactory","public",{"id":596,"alt":597,"name":597,"focus":597,"title":597,"source":597,"filename":598,"copyright":597,"fieldtype":691,"meta_data":726,"is_external_url":50},{},{"id":728,"alt":597,"name":729,"focus":597,"title":597,"source":597,"filename":730,"copyright":597,"fieldtype":691,"meta_data":731,"is_external_url":50},145611001824827,"EV battery","https://a.storyblok.com/f/287943243085208/6543x3667/139acacf53/adobestock_627340524.jpeg",{},"Feb 16, 2026","16th February 2026",[],[],{"id":737,"uuid":738,"name":739,"slug":740,"full_slug":740,"content":741,"relatedArticles":745,"relatedVideos":746},120886048076734,"4b6fbcc0-7881-4fbb-92ee-06d1ed3f3cec","⚙️ Settings","settings",{"_uid":742,"component":740,"black_listed_email_domains":743,"_editable":744,"formattedDate":597,"formattedArticleDate":597},"8dcafbcc-28de-4388-a68e-6b41e24f31bb","direkt.se\nstreetwisereports.com\nalpha-sense.com\nafrica-energy.com\ntcs.com\nmm-markets.com\nsmr-premium.com\nsci99.com\nlondoncib.com\nyeb.com.br\nnewautomotive.org\nsina.com.cn\ngwstrategies.net\noliverwyman.com\ndazeinfo.com\ndataintelo.com\ninfyos.com\nevalueserve.com\ninsightwoo.com\ncrescendoanalytic.com\nipaglobal.com\nweare121.com\nzemek.com\nryancommodityinsights.com\nonyxsi.com\ncostmine.com\nnickhatchmining.com\naethoslabs.com\nmysteel.com\nbuzblox.com\nfutureproofconsulting.com.au\ncmgroup.net\noptelgroup.com\nberylls.com\nreputex.com\nnumber-three.net\nrobertdallison.com\nwsp.com\nafriforesight.com\npaydirt.com.au\nmetal.com\ninforma.com\nfelixstrategy.com\ncrisil.com\nantaike.com\nbatterymaterialsreview.com\nsrk.com\nglobaltrustgrp.com\nnapiermeridian.com\nprojectblue.com\nplutonic-rma.com\nrosaearth.io\ndrivesustainability.org\nminehub.com\nscsglobalservices.com\nLynxglobalintelligence.com\nsphera.com\nminespider.com\nc-resource.com\ntdi-sustainability.com\nkumi.consulting\nsc-insights.com\nkallanish.com\naboutenergy.co.uk\nenant.io\nopisnet.com\nacuitycommodities.com\nevinfocus.com\nsfa-oxford.com\ncrugroup.com\nwoodmac.com\nspglobal.com\nrolandberger.com\nrcsglobal.com\nnornik.ru\nlivista.energy\nihsmarkit.com\ncapitalightresearch.com\namegroup.com\ncapitalight.co\nsustainablelabs.io\ncommoditiesanalysis.co.uk\navicenne.com\nkearney.com\nnornickel.net\n5napier.com\nvoltility.net\ngf.com.cn\nhindenburgresearch.com\ndigbee.com\nadamasintel.com\nac-harvard.com\nsneresearch.com\ninventusbioenergy.com\nproactiveinvestors.com\nauroraer.com\nresourceworld.com\nbatteryline.com\norennia.com\nfastmarkets.com\nmsci.com\nbcg.com\nklinegroup.com\ndelta-ee.com\nskarnassociates.com\nricardo.com\ncleanhorizon.com\np3-group.com\naccenture.com\nporsche-consulting.com\numlaut.com\nadi-analytics.com\ncpmgroup.com\nilimarkets.com\nminviro.com\nmckinsey.com\ncicenergigune.com\ne4tech.com\nargusmedia.com\ndolbear.com\nerm.com\nlithium.org\nradiusq.com\ndigivla.com\njeri.co.jp\ntopology.com.tw\nsaurenergy.com\novaladvisory.com\ngsixenergy.com","\u003C!--#storyblok#{\"name\": \"settings\", \"space\": \"287943243085208\", \"uid\": \"8dcafbcc-28de-4388-a68e-6b41e24f31bb\", \"id\": \"120886048076734\"}-->",[],[],1783529622353]