It will be the largest battery factory in Europe when production begins in 2025. According to data from the Ministry of Industry and Information Technology, in the first half of this year, China's lithium battery product exports increased by 69 percent year-on-year, with a predominant focus on power batteries.
Automotive manufacturing, especially for electric cars and vans, is expected to make up the majority of demand for batteries. By 2030, for example, the UK’s automotive industry will need 90GWh of battery manufacturing capacity to supply electric vehicles built in this country.
Chinese battery maker Gotion showcases its battery cells at the 2023 China International Energy Storage and Lithium Battery Technology Exhibition in Shanghai in July. [Photo/VCG] In response to growing demand and stricter policy restrictions, Chinese battery makers are ramping up efforts to construct overseas factories.
In Europe, the production of NMC battery cells will clearly predominate in 2030. In the course of the coming decade, European NMC battery cell production will therefore also account for an increasingly relevant share. In parallel, LFP cell production in Europe will also slowly increase and gain relevance.
Global production of battery cells will increase sharply in the coming years, and cathode materials will be newly and further developed. Nevertheless, the market shares of these two technologies are expected to remain high until the end of the decade. This can be attributed to several aspects.
CATL, China's largest battery maker, has two overseas factories: one operating in Germany and the other under construction in Hungary. It will be the largest battery factory in Europe when production begins in 2025.
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