Lithium Battery Production By Country: Top 5 Countries

In this article, we discuss lithium battery production by country. If you want to read about some top countries in terms of lithium battery production, go directly to Lithium Battery Production By Country: Top 12 Countries.

5. South Korea

Share of global lithium-ion battery manufacturing capacity in 2021: 2.5%

The three major South Korean battery manufacturers, LGES, SK On and Samsung SDI, supply EV batteries to Tesla Inc, General Motors Co and Ford Motor Co which produce more than a quarter of the global EV battery market. LG Energy Solution has a market share of 14%. SK On has a market share of 7% and Samsung SDI has a market share of 5%. Samsung SDI is the world’s sixth-largest EV battery manufacturer. It intends to reach a 23 GWh yearly output capacity. 

South Korea is a hub for manufacturing and innovating technology for batteries. Every year dozens of startups are launched in this country. Some of the innovative startups are Standard Energy, Kokam, NS, Zantropy, Elentec and EnerTech International etc.

Posco Chemical, the South Korean battery manufacturer, has expected production to rise from 30,000 tons per year to 90,000 tons per year. If its estimates are fulfilled it will be the largest capacity for a single cathode material plant globally. The capacity will be sufficient to supply batteries for 1 million high-performance EVs. The plant will focus on the production of high-nickel cathodes used in electric vehicles including nickel cobalt manganese aluminum and nickel cobalt manganese cathodes.