In which countries the power lithium-ion battery manufacturing industry will grow fastest?

According to the research of Scotch Creek ventures, by 2030, the global demand for lithium-ion electric vehicle (EV) batteries is expected to grow to more than 17 times that of a decade ago, reaching 9300GWh. In order to meet this demand, the global production of lithium-ion batteries for electric vehicles needs to be increased, which requires a fast pace.

By 2025, the output of lithium-ion batteries for electric vehicles will be more than double. Let's take a look at which countries have increased the most production capacity.

China

China is currently the world's largest producer of lithium-ion batteries for electric vehicles and is expected to maintain this position by 2025.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025: 386 GWH

The percentage of change of lithium ion battery capacity from 2021 to 2025: 69.18%

Estimated total production capacity of lithium ion batteries by 2025: 944 GWH

Germany

Germany was the seventh largest producer of lithium-ion batteries for electric vehicles in the world in 2021. By 2025, its global ranking will rise from 5th to 2nd.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025: 153GWh

The percentage of change of lithium ion battery capacity from 2021 to 2025: 1390.91%

Estimated total production capacity of lithium ion batteries by 2025: 164 GWH

Poland

Poland is currently the world's fourth largest producer of lithium-ion batteries for electric vehicles, and its global ranking will remain until 2025.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025:48 GWh

The percentage of change of lithium ion battery capacity from 2021 to 2025: 218.18%

Estimated total production capacity of lithium ion batteries by 2025: 70GWh

USA

It is expected that USA will drop from the second place in 2021 to the third place in 2025 among the world ranking of lithium-ion electric vehicle batteries field, lagging behind Germany.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025: 47GWh

The percentage of change of lithium ion battery capacity from 2021 to 2025: 106.82%

Estimated total production capacity of lithium ion batteries by 2025: 91GWh

Sweden

By 2025, Sweden is predicted will rise by two places in the world ranking of lithium-ion electric vehicle battery manufacturer, surpassing Hungary, Japan and South Korea, and leaping to sixth place.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025: 28GWh

The percentage of change of lithium ion battery capacity from 2021 to 2025: 700.00%

Estimated total production capacity of lithium ion batteries by 2025: 32 GWh

Hungary

Hungary is currently the third largest producer of lithium-ion electric vehicle batteries in the world, and it is expected to fall to the fifth place by 2025.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025: 19GWh

The percentage of change of lithium ion battery capacity from 2021 to 2025: 67.86%

Estimated total production capacity of lithium ion batteries by 2025: 47 GWh

UK

It is expected that the UK's ranking among the global lithium-ion electric vehicle battery manufacturers will drop by one place, ranking 10th by 2025.

Expected growth of lithium-ion battery capacity of production from 2021 to 2025: 10 GWh

The percentage of change of lithium ion battery capacity from 2021 to 2025: 500.00%

Estimated total production capacity of lithium ion batteries by 2025: 12GWh