China’s EV battery dominance

Despite efforts from the U.S. and Europe to increase domestic production of batteries, the market remains dominated by China 

Lithium-ion battery manufacturing capacity (2023 estimate, 2030 projection)

CHINA 2,864 gigawatt-hours 

EUROPE 351GWh 

U.S. 232GWh 

Rest of world 128GWh

Total capacity, 2023
3,575GWh


CHINA 7,359 gigawatt-hours

EUROPE 1,507GWh

U.S. 1,033GWh 

Rest of world
562GWh

Total capacity, 2030
10,461GWh


China's dominance: Controls production of cell components.
Four parts that are essential for battery to work

Electrolyte: China controls over 50% of electrolyte production

Anode: Controls over 80% of world anode production

Cathode: China controls 70% of world’s production capacity

Separator: Controls well over half of separator output


Source: Bloomberg NEF Electric Vehicle Outlook 2023
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