As next-generation batteries get nearer to commercialisation, developers are increasingly licensing their technologies to OEMs. This year, around 12 gigawatt-hours (GWh) of solid-state and lithium metal battery production is expected, up from 5 GWh last year, according to Benchmark’s Solid-State and Lithium Metal Forecast. This comes as US-based developer QuantumScape announced it would licence its […]
> The next-generation battery landscape has progressed from start-up to scale-up, with more than 250GWh of pipeline capacity expected to be installed by the end of 2025 across a variety of emerging technologies, according to Benchmark’s New Technology Service. China has a dominant position in the two most developed of these technologies: sodium ion and solid-state. […]
> The Volkswagen Group has invested C$69 million (US$48 million) for a 9.9% stake in Canadian lithium developer Patriot Battery Metals. Patriot also signed a binding offtake agreement to supply PowerCo, Volkswagen’s battery making subsidiary, with 100,000 tonnes of spodumene concentrate per year (~10,000 tonnes lithium carbonate equivalent) over a decade. The lithium will come from […]
> Benchmark Mineral Intelligence, specialising in battery supply chain research and insights, reports that 12.7GWh of new operational capacity entered operation in October 2025. Operational Capacity The grid-scale BESS market saw 12.7GWh of new capacity enter operations globally in October 2025, a y-o-y increase of 29%. China led new operational capacity with just under 8.8GWh of […]
> Benchmark has tracked over $50 billion of energy transition funding, throughout 2025 in its Energy Transition Capital database, with the largest share allocated to the battery supply chain. The role of debt, grants, and equity Debt The EV, battery, and battery materials markets have matured rapidly over the past few years. As a result, debt is playing an increasingly […]
> 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 […]
> Volkswagen plans to spend €15 billion ($16 billion) over the next five years on battery plants and to secure critical raw materials, a move that includes setting up its first cell making gigafactory outside of Europe in Canada. The German automaker’s latest plan is part of its bigger push to spend €180 billion ($192 billion) […]
> 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 […]
> Lithium-ion battery demand is still primarily driven by passenger EVs and the energy storage sector. However, China’s heavy-duty truck segment (16 tonne and above) is showing how this dynamic could shift, with growth in recent years proving exceptionally strong. Between 2023 and 2024, heavy-duty electric truck sales rose 134%. Data from H1 2025 shows the market grew a further 173%, with expansion expected to […]