Factbox: Batteries for electric vehicles: the main players and their expansion plans

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SEOUL, Oct 22 (Reuters) – The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers and led to a growing skills shortage. to know more

According to consultancy Deloitte, global sales of electric vehicles, estimated at 2.5 million vehicles in 2020, are projected to increase more than 12 times to 31.1 million by 2030 and will account for nearly a third of sales of new vehicles.

Here are the expansion plans of key players in key electric vehicle markets of China, the United States and Europe.

CATL (300750.SZ)

At the end of June, the Chinese company had an annual battery production capacity of 65.45 Gigawatt hours (GWh) and another 92.5 GWh of capacity under construction.

World leader in the sector by market share, its customers include Volkswagen (VOWG_p.DE), General Motors (GM.N), BMW (BMWG.DE), Daimler (DAIGn.DE) and Chinese automakers.

The company announced a plan in August to create a manufacturing base in Shanghai, a move that will bring it closer to Tesla Inc’s Chinese manufacturing base (TSLA.O).

LG ENERGY SOLUTION (LGES)

The South Korean leader expects its production capacity to reach 155 GWh by the end of 2021 and plans to increase it to 430 GWh by 2025, which could power approximately 7.2 million electric vehicles.

It plans to invest over $ 4.5 billion in its US battery manufacturing business through 2025. Plans include two new plants, jointly built with GM in Ohio and Tennessee, which would enable LGES to produce 70 GWh of batteries. in the United States by 2024. Find out more

LGES already has a plant in Michigan with an annual production capacity of 5 GWh.

In China, where the company makes cylindrical battery cells for Tesla (TSLA.O), it has invested about 5.7 trillion won ($ 4.8 billion) and plans to invest another 1.5 trillion won.

It has invested around 6.8 trillion won in Poland since 2016 to ensure an annual production capacity of 70 GWh and plans to make another 2.5 trillion investments.

In July, LGES and Hyundai Motor Group said they would invest $ 1.1 billion to jointly create an electric vehicle battery plant in Indonesia. to know more

PANASONIC (6752.T)

The Japanese company manufactures NCA (Nickel-Cobalt-Aluminum) cylindrical batteries in the United States at a facility in Nevada and at facilities in Japan. Almost everyone goes to Tesla.

It doesn’t disclose its manufacturing capacity, but in May it said it aimed to expand Nevada’s 35 GWh facility due to increased demand from Tesla. The Nevada facility, built for $ 1.6 billion, opened in 2014.

Panasonic plans to launch a test line in Japan this year to make a new cylindrical battery designed by Tesla to cut battery costs in half. It also has a joint venture with Toyota Motor (7203.T), Prime Planet Energy & Solutions, to develop prismatic batteries.

Panasonic is also considering building a car battery plant in Norway to expand into Europe, but has not yet provided details.

SK ON

SK On has a combined global annual production capacity of 40 GWh – 27 GWh in China, 7.5 GWh in Hungary and the remainder from South Korea.

It plans to quintuple that figure to 220 GWh by 2025, with the expansion primarily focused on the US market.

SK On is building two electric vehicle battery plants in Georgia with a combined annual production capacity of 21.5 GWh that will start production in early 2022.

With partner Ford Motor Co (FN), it has a 10.2 trillion won investment plan to build three battery plants in the United States with a combined annual capacity of 129 GWh of batteries, enough to power approximately 2.2 million. of electric vehicles. to know more

SK said it has an industry-leading order book of 1,600 gigawatt hours, enough for 27 million vehicles. to know more

SAMSUNG SDI (006400.KS)

The subsidiary of Samsung Electronics Co Ltd (005930.KS) has electric vehicle battery plants in Hungary, China and South Korea.

It entered into an agreement for a joint venture with the automaker Stellantis NV (STLA.MI) for the production of cells and battery modules for electric vehicles in the United States. to know more

The goal is to begin operations by the first half of 2025 with an initial annual battery production capacity of 23 GWh, which can be increased to 40 GWh in the future, enough to power around 670,000 electric vehicles, Samsung SDI said.

Samsung SDI does not disclose failures in its investments or in the production capacity of each battery manufacturing site.

In July, Reuters reported that the company, whose customers include Ford and BMW, could build a battery cell plant in the United States.

($ 1 = 1.182.8700 won)

Reporting of Heekyong Yang in Seoul, Yilei Sun in Shanghai and Tim Kelly in Tokyo; Editing by Miyoung Kim, Pravin Char, Ramakrishnan M. and Himani Sarkar

Our Standards: Thomson Reuters Trust Principles.

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