Will China dominate the global lithium-ion battery supply chain in 2022?

Bali, November 12, 2022 – China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, thanks to continued support for the electric vehicle demand and raw materials investments.

Which country makes the most EV batteries?

With nearly 900 gigawatt-hours of manufacturing capacity or 77% of the global total, China is home to six of the world’s 10 biggest battery makers. Behind China’s battery dominance is its vertical integration across the rest of the EV supply chain, from mining the metals to producing the EVs.

Which countries dominate the lithium-ion battery supply chain?

Now, let's take a look at the top 10 countries at the ranking. China remains top of the global lithium-ion battery supply chain ranking for three consecutive years, and will continue to dominate the supply chain through 2027, said the BloombergNEF, a research provider covering the global commodity market, on Nov 12.

Does China have a strong battery supply chain?

China has established a strong foothold in the battery supply chain through its extensive control over global mineral resources, securing significant stakes in cobalt mines in Africa and lithium sources in Latin America. However, China’s ambitions go beyond control over raw materials.

Is China's battery dominance in 2022 & 2027p?

However, having entered the race for batteries early, China is far and away in the lead. Using the data and projections behind BloombergNEF’s lithium-ion supply chain rankings, this infographic visualizes battery manufacturing capacity by country in 2022 and 2027p, highlighting the extent of China’s battery dominance.

Will Chinese power battery companies invest overseas?

Currently, more than 10 Chinese power battery companies have announced plans for overseas investments. "For local battery firms and related companies in the industry chain, the global battery market still has the potential to grow manifold in terms of scale," Pan said.