Factbox: Batteries for electric vehicles: the major players and their development projects


The SK Innovation logo can be seen outside its headquarters in Seoul, South Korea on February 3, 2017. REUTERS / Kim Hong-Ji / Files

SEOUL, Oct. 5 (Reuters) – The shift of the global auto industry to electric vehicles (EVs) has sparked an expansion race among battery makers and caused a growing skills shortage. See the main story: find out more

Global sales of electric vehicles, estimated at 2.5 million vehicles in 2020, are expected to increase more than 12-fold to reach 31.1 million by 2030 and represent nearly a third of new vehicle sales, according to the report. consulting firm Deloitte.

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

CATL (300750.SZ)

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

The world leader in the industry by market share, its customers include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW> BMWG.DE> and Daimler (DAIGn.DE) as well as Chinese car manufacturers.

The company announced in August its intention to establish a production base in Shanghai, a move that will bring it closer to the Chinese production base of Tesla Inc (TSLA.O).


The South Korean leader expects its production capacity to reach 155 GWh by the end of this year and plans to increase it to 430 GWh by 2025, which could power around 7.2 million vehicles. electric.

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

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

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

It has invested around 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 announced that they would invest $ 1.1 billion to jointly establish an electric vehicle battery cell factory in Indonesia. Read more


The Japanese company manufactures NCA (Nickel-Cobalt-Aluminum) cylindrical batteries in the United States at a plant in Nevada and at facilities in Japan. Almost all of them go to Tesla.

It is not disclosing its manufacturing capacity, but said in May it aims to expand the 35 GWh facility in Nevada due to increased demand from Tesla. The Nevada plant, built for $ 1.6 billion, was opened in 2014.

Panasonic plans to launch a test line in Japan this year to manufacture a new cylindrical battery designed by Tesla to cut battery costs in half. It also has a joint venture with Toyota Motor (7203.T) created in February, Prime Planet Energy & Solutions, to develop prismatic batteries.

The company said it plans to build an auto battery factory in Norway to expand into Europe, but has not yet given details.


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

It plans to multiply that figure by more than five to 220 GWh by 2025, with the expansion primarily focused on the US market.

SK Two electric vehicle battery plants are being built in Georgia with a combined annual production capacity of 21.5 GWh which will begin production in early 2022.

Together with its partner Ford Motor Co (FN), it has a 10.2 trillion won investment plan to build three separate battery factories in the United States with a combined annual capacity of 129 GWh of batteries, enough to power around 2.2 million electric vehicles. Read more

SK said it has an order book of 1,600 gigawatt hours, the largest in the industry, sufficient for 27 million vehicles. Read more


The subsidiary of Samsung Electronics Co Ltd (005930.KS) has electric vehicle battery factories in Hungary, China and South Korea.

It does not disclose the breakdown of its investments or production capacities.

In July, Reuters announced that the company, whose customers include Ford and BMW, could build a battery cell factory in the United States. Samsung SDI is in talks to supply batteries made at a potential US factory with electric vehicle makers including Stellantis (STLA.MI) and Rivian, which is backed by Amazon (AMZN.O) and Ford. Read more

($ 1 = 1,182.8700 won)

Reporting by Heekyong Yang in Seoul, Yilei Sun in Shanghai and Tim Kelly in Tokyo; Edited by Miyoung Kim, Pravin Char and Ramakrishnan M.

Our standards: Thomson Reuters Trust Principles.

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