The world’s ten largest battery companies accounted for 71% of all lithium ion battery cells produced last year. Just three producers – CATL, LG Energy Solution, and BYD, accounted for 44% of all production. The top ten battery producers, who supply most of the global electric vehicle industry, are set to increase production by 400% […]
> BYD has unveiled its latest grid-scale battery energy storage system (BESS), named Haohan, with a capacity of 14.5MWh and powered by a new 2,710Ah blade cell. The launch marks a step-change in scale for lithium iron phosphate (LFP) storage technology, though the size of both the cell and the system raise questions over practical deployment […]
> Benchmark has promoted Chinese cell producers CALB, EVE Energy, SVOLT, and Gotion to Tier 1 status. This follows sufficient evidence that these companies have met the offtake requirements to qualify as Tier 1 producers. Namely, they have been assessed as supplying multiple multinational passenger EV OEMs outside the Chinese market. CALB CALB has an active […]
> 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 […]
> In the third quarter of 2025, 18 of the largest 25 copper miners reported quarter-on-quarter decreases in their output, including the top four miners. The total Q3 copper production reported by the top 25 miners hit 3.72Mt. “In the third quarter, many companies saw lower production compared to the previous quarter. However, most did not […]
> Battery demand has continually been growing over the last decade, with annual global battery demand surpassing 1TWh for the first time in 2024 according to Rho Motion’s Battery Demand Service. As battery demand has grown, cell prices have followed a downward trajectory with global weighted cell lithium ion cell prices now hovering above $60/kWh according […]
> Gotion has secured €300 million ($317 million) worth of investment from Morocco’s state-owned investment fund CDG to build the first gigafactory in the country. The gigafactory, announced in June of this year, is expected to have 20 gigawatt-hours (GWh) of capacity when first phase operations begin in 2027. Gotion plans to increase capacity to 100 […]
> South Korean battery producer LG Energy Solution (LGES) will start energy storage systems (ESS) battery production in the US in 2025 as it looks to tap the booming demand for energy storage in western markets. LGES said it plans to launch high capacity lithium iron phosphate (LFP) ESS batteries and expects substantial revenue from long-term, […]
> Japan is stepping up support for its domestic lithium ion battery supply chain, earmarking up to ¥347.9bn ($2.4 billion) of subsidies to support projects encompassing battery cells, battery materials, and cell production equipment, according to the Ministry of Economy, Trade and Industry (METI). “This is a big offensive from the Ministry of Economy Trade and […]