Lithium Battery Production By Country: Top 5 Countries

2. United States

Share of global lithium-ion battery manufacturing capacity in 2021: 6.2%

The United States had a lithium-ion battery manufacturing capacity of 44 GWh in 2021 and it is estimated to reach 91 GWh by 2025. Currently, the US is the second largest battery manufacturer in the world. The advancement of technology is also playing a great role in the manufacturing of batteries. Most of the new and innovative technologies for batteries came from the US. 

Some of the largest battery manufacturing companies based in the United States are QuantumScape, A123 Systems, Enovix, Stem, SES AI, Amprius Tech, Solid Power and American Battery Technology Company. The market cap of QuantumScape is $2.31 billion. Although other countries are producing more batteries globally, the US is the hub for technology and EV manufacturing. Tesla, an EV automobile company, is a US-based company in Nevada. 

The demand for lithium-ion batteries for electric vehicles is rising significantly. It is expected to reach 9300-gigawatt hours by 2030. According to S&P Global Market Intelligence, Contemporary Amperex Technology Co. Ltd. (CATL), the largest battery supplier in the world based in China, was in discussions with its U.S.-based customers to build a manufacturing hub in North America. The biggest battery manufacturers are located in regions with high electric vehicle demand.