Dominic new battery cell manufacturer

What are the growth opportunities in the battery component market?

This considerable gap between demand for cell components and local supply signals growth opportunities in the battery component market. The global revenue pool of the core cell components is expected to continue growing by around 17 percent a year through 2030 (Exhibit 2).

What percentage of battery cells are produced in Europe and North America?

By 2030, Europe and North America are each expected to house approximately 20 percent of global battery cell production. In contrast, both regions combined are forecast to hold anywhere from 5 to 10 percent of global cell component capacity, lagging further behind incumbents in Asia—specifically in separator and electrolyte components (Exhibit 4).

Which country produces the most battery components in the world?

Today, Asia leads the cell component market in annual production, measured in metric kilotons. The region produces 96 and 95 percent of cathode and anode active materials, respectively, and 90 and 95 percent of electrolyte and separator material, respectively (see sidebar, “An overview of the battery industry in Asia”).

Where is Northvolt 2 battery made?

NorthVolt Zwei (two), JV battery production in Salzgitter, Germany, for the electric vehicles of the Volkswagen Group. Start of production planned for end of 2023/early 2024. Lithium-ion battery supplier for the electric-vehicle battery market.

How does the European Commission support the battery value chain?

At the same time, the European Commission has established a dedicated instrument under the Innovation Fund to support the battery value chain, allocating up to €3 billion. 6 This funding is targeted at enhancing the middle of the battery value chain, particularly cell production, and could stimulate investments in other parts of the value chain.

Is General Motors Building a new battery factory?

General Motors is planning to establish four new battery factories in the United States, with a total capacity of 140 GWh per year. Additionally, Stellantis, the multinational automotive conglomerate, is in the process of building a new factory in Indiana, with an initial annual production capacity of 23 GWh.