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Factbox: Electric-vehicle batteries: major players and their expansion plans

October 4, 2021 by David Barret Leave a Comment

October 4, 2021

By Heekyong Yang

SEOUL (Reuters) – The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a skills shortage. See main story:

Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new vehicle sales, according to consulting firm Deloitte.

Here are major players’ expansion plans in key EV markets of China, the United States and Europe.

CATL

As of end-June, the Chinese company has annual battery production capacity of 65.45 Gigawatt hours (GWh), and has an additional 92.5 GWh of capacity under construction.

The global industry leader by market share, its clients include Volkswagen, General Motors, BMW >BMWG.DE> and Daimler as well as Chinese auto makers.

The company announced a plan in August to set up a production base in Shanghai, a move that will put it close to Tesla Inc’s Chinese production base.

LG ENERGY SOLUTION (LGES)

The South Korean leader expects its production capacity to reach 155 GWh by the end of this year and plans to raise that to 430 GWh by 2025 – which could power about 7.2 million EVs.

It plans to invest more than $4.5 billion in its U.S. battery production business through 2025. The plans include two new plants, jointly built with GM in Ohio and Tennessee, which would allow LGES to manufacture a total of 70 GWh of batteries in the United States by 2024.

LGES already has a factory in Michigan with annual production capacity of 5 GWh.

In China, where the company makes cylindrical battery cells for Tesla, it has invested about 5.7 trillion won ($4.8 billion) and plans to invest another 1.5 trillion won.

It has invested about 6.8 trillion won in Poland since 2016 to secure an annual production capacity of 70 GWh and plans to make another 2.5 trillion won investment.

In July, LGES and Hyundai Motor Group said they would invest $1.1 billion to jointly set up a EV battery cell plant in Indonesia.

PANASONIC

The Japanese company manufacturers cylindrical NMA (Nickel-Manganese-Aluminum) batteries in the United States at a plant in Nevada and in facilities in Japan. Nearly all goes to Tesla.

It does not disclose its manufacturing capacity, but in May said it was aiming to expand the 35 GWh Nevada facility because of increased demand from Tesla. The Nevada plant, built at a cost of $1.6 billion, was opened in 2014.

Panasonic plans to begin a test line in Japan this year to make a new cylindrical battery designed by Tesla to halve battery costs. It also has a joint venture with Toyota Motor established in February, Prime Planet Energy & Solutions, to develop prismatic batteries.

The company has said it is considering building an auto battery plant in Norway to expand into Europe, but has yet to give details.

SK ON

SK On has a combined global annual production capacity of 40 GWh – 27 GWh in China, 7.5 GWh in Hungary and the rest from South Korea.

It plans to boost that more than five-fold to 220 GWh by 2025, with the expansion primarily focused on the U.S. market.

SK On is building two EV battery plants in Georgia with a combined annual production capacity of 21.5 GWh that will begin production from early 2022.

With partner Ford Motor Co, it has a 10.2 trillion won investment plan to build three separate battery plants in the United States with a combined annual capacity of 129 GWh of batteries, enough to power about 2.2 million EVs.

SAMSUNG SDI

The affiliate of Samsung Electronics Co Ltd has EV battery cell plants in Hungary, China and South Korea.

It does not disclose breakdowns of its investments or production capacity.

In July, Reuters reported that the company, whose customers include Ford and BMW, may build a battery cell plant in the United States. Samsung SDI has been in talks to supply batteries manufactured at a potential U.S. factory with EV makers including Stellantis and Rivian, which is backed by Amazon and Ford.

($1 = 1,182.8700 won)

(Reporting by Heekyong Yang in Seoul, Yilei Sun in Shanghai and Tim Kelly in Tokyo; Editing by Miyoung Kim and Pravin Char)

Source Link Factbox: Electric-vehicle batteries: major players and their expansion plans

David Barret
David Barret

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