The top 15 producers in 2021 alone got 200GWh of new production lines running and by the end of last year cumulative manufacturing capacity reached 600GWh.Ĭhina’s manufacturers across the board have announced plans to build more than 3,000GWh of capacity to date. The top two manufacturers planning to add the most production capacity during this decade were China’s CATL and South Korea’s LG.ĬATL alone intends to have 800GWh of annual production capacity online by 2030. That’s according to new analysis into the lithium-ion battery manufacturing industry published by Wood Mackenzie Power & Renewables.
Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030. Image: Wood Mackenzie Power & Renewables.
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