Who’s producing essentially the most EV batteries? Which international locations are main the way in which in battery manufacturing?
Undoubtedly, the nation that’s main the way in which. It has greater than half of the world’s EV manufacturing and greater than half of the world’s EV battery manufacturing. That’s China, after all. However who’s subsequent?
Second and third had been the US and Germany, after which the UK got here in 4th and France got here in fifth. These rankings and the underlying figures come from Adamas Intelligence.
Notably, though China-made EV battery capability (98.7 GWh) was 16% greater than within the second quarter of 2023 and 30% greater than within the third quarter of final yr, its share of the worldwide EV battery market was down. It dropped from 58% of worldwide EV battery capability in Q3 2022 to 54% of worldwide EV battery capability in Q3 2023.
US-produced EV battery capability was 27.4 GWh, up 9% in comparison with Q2 2023 and up 49% in comparison with Q3 2022. That gave the USA 15% of the worldwide EV battery capability market, one proportion level up from final yr’s 14%.
Germany was in an analogous boat because the US when it comes to progress, however lower than half when it comes to whole capability produced. Europe’s largest financial system produced 11.5 GWh of EV batteries in Q3 2023, which was 6% of the market. Regardless of having the identical share of the market as final yr in the identical interval, whole capability produced was 51% larger than in Q3 2022, and 28% larger than in Q2 2023.
The UK market, with 6.9 GWh of EV battery capability produced, grew 14% in comparison with Q2 2023 and 50% in comparison with Q3 2022. The UK had 4% of the worldwide EV battery market, up from 3% in Q3 2022.
France was then the fifth largest EV battery producer on this planet, with 4.6 GWh of battery capability produced. That was truly down 10% quarter over quarter, however nonetheless up 53% yr over yr. So, regardless of being down quarter over quarter, the year-over-year progress was the best among the many high 5 international locations. France accounted for slightly below 3% of the world EV battery market within the third quarter.
World EV Battery Manufacturing Up 45% In 2023
As you possibly can inform from the numbers above, the worldwide EV battery market has elevated markedly this yr. Within the third quarter, it was up 39% in comparison with the third quarter of 2022. Moreover, it was up 11% quarter over quarter. The whole EV battery manufacturing output in Q3 2023 was 182.6 GWh.
The numbers look even higher for the primary 9 months of the yr. Whole manufacturing output was 477.5 GWh, which is a rise of 45% in comparison with the primary 9 months of 2022. In actual fact, that whole for the primary three quarters of 2023 are practically as a lot as the entire for 2022 as an entire.
“As we proceed to spotlight, the speed of battery capability deployment progress (up 45% YoY) continues to run properly forward of worldwide EV unit gross sales progress (up 33% YoY), which to-date quantities to only beneath 13.5 million BEVs, PHEVs and HEVs bought worldwide,” Adamas Intelligence provides. “Notably, PHEVs have seen a 50% surge in gross sales progress to date this yr, coupled with an 20% enhance within the common PHEV’s battery capability, from 17.3 kWh to twenty.4 kWh. Consequently, PHEVs captured a formidable 12% share of the market by GWh deployed by the primary 9 months of this yr versus simply 10% the identical interval final yr.”
