NexGen Materials

🔋 China tops BloombergNEF's (BNEF) global lithium-ion battery supply chain rankings for the third consecutive year, both for 2022 and the 2027 forecast, thanks to continued support for electric vehicle demand and investment in raw materials. key excerpt ""China currently hosts 75% of all battery cell production capacity and 90% of anode and electrolyte production"". https://bit.ly/3DOhCbK

🔋 The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028. As demand for decarbonization of the transportation sector increases, companies that manufacture batteries for electric vehicles have seen a significant uptick.

Take a look at this graphic of the top 10 electric car battery manufacturers to see the largest battery manufacturers in the world in 2022. https://bit.ly/3jBDqRl

🔋 As the world prepares for the electric vehicle era, battery manufacturing has become a priority for many countries, including the United States. However, having entered the battery race early, China is leading by a wide margin.

Based on data and forecasts underlying BloombergNEF's ranking of lithium-ion supply chains, this infographic shows battery production capacity by country in 2022 and 2027p, highlighting the extent of China's dominance in batteries and battery materials processing. https://bit.ly/3x6vlHm

🔋 The US battery industry has undergone a rapid transformation in recent years to meet the growing demand for EVs. In 2022, the industry installed a record number of new battery manufacturing capacity - with most of this coming from new factories built by major automakers. Battery cell production could grow more than TENFOLD by 2030. More automakers have begun using less expensive LFP cells to better manage the cost component of batteries, making EV's more affordable for consumers. 👉 https://bit.ly/3XdghCL