Since the launch of the first oxide-based semi-solid-state electric vehicles (EVs) by NIO and IM Motors in the second half of 2024, commercial targets across the solid-state battery industry have accelerated markedly with attention shifting from cell-level innovation to developments of functional packs and demonstration vehicles. Where to date the industry has been driven through […]
> Benchmark is pleased to announce the launch of its New Technology Service, a comprehensive quarterly report designed to serve stakeholders across the energy transition supply and value chain. The service is tailored to meet the needs of active supply chain participants assessing disruptive technology risks and opportunities, OEMs and system integrators evaluating technology readiness levels […]
> Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out. How is future capacity changing? The new capacity […]
> Significant investment into lithium metal production will be needed if North America’s planned production of lithium metal batteries is to be met with domestically sourced anode material, according to Benchmark’s Solid-state Batteries Forecast. In such batteries, lithium metal is used in place of the graphite found in more traditional lithium ion battery anodes, leading to […]
> India’s pipeline of cathode active material (CAM) production capacity is set to grow more than 50-fold over the next decade. Altmin, Himadri Speciality Chemical, and Epsilon Advanced Materials have the largest pipeline capacities in the country. Almost all CAM capacity under development in India is for LFP, both due to the popularity of the cathode […]
> In January 2025, Chinese solid-state producer WeLion signed a long term supply agreement to source 80% of its membrane and electrolyte needs from Semcorp. The agreement specifies a minimum order quantity of 300 million square metres of membranes and 100 tonnes of solid electrolyte from the Chinese separator giant over the next six years, equivalent […]
> US President Donald Trump this week secured major investments in US-based projects from Japan and South Korea covering critical minerals, stationary storage, and other high-priority sectors, as part of trade agreements to lower US tariff barriers. The trade deals come ahead of a high-level meeting between President Trump and Chinese President Xi Jinping – the […]
> In 2024, companies developing new battery technologies began transitioning from development to commercial deployment in earnest across the world, especially in China. Production of solid-state and sodium ion cells has exceeded demand in 2024 and in the near term, as producers ramp up facilities in anticipation of demand growth in the mid- to long-term, according […]
> In the season of Q3 result releases, battery manufacturer CATL has reported record financial performance. Cumulative revenue from Q1–Q3 rose from RMB259bn ($36bn) in 2024 to RMB283bn ($39.3bn) in 2025, a year‑on‑year increase of 9%. Net profit also rose 41% between Q3 2024 and Q3 2025, from RMB13.14bn ($1.87bn) to RMB18.55bn ($2.58bn). Efficiency gains underpin profit growth Increasing efficiency has […]