Mining

Canada’s Resource Cities: Fredericton

Published

9 years ago

June 8, 2015

Jeff Desjardins

Canada's Resource Cities: Fredericton

Canada’s Resource Cities: Fredericton

In this series of five infographics, we will be highlighting some of Canada’s most intriguing resource cities. Today’s post is sponsored by the Canadian Chamber of Commerce and the Fredericton Chamber of Commerce.

What makes Fredericton one of Canada’s most prominent resource cities?

The official motto of New Brunswick’s capital city is “Fredericton, noble daughter of the forest”. This is fitting, because the city and surrounding area has a wealth of forests, minerals, and value-added services. As a result, the city is becoming a strong natural resource research hub that will create wealth in New Brunswick and Canada for decades to come.

Some interesting facts on Fredericton and the region covered in this infographic:

Forestry has been a cornerstone of the city’s history, and the sector contributes $2 billion in output to the provincial GDP.
22,000 men and women are employed directly or indirectly through the province’s forestry sector.
Mining exploration expenditures have tripled since 2009 to $34 million in 2014.
The New Brunswick government has received over $90 million in royalty payments for the province’s mining and forestry sectors. It’s enough to pay for 50% of the province’s drug programs.
The number of bioscience companies in the province have quadrupled over the last decade. Employment has risen 15% per year for the last 10 years.
The University of New Brunswick contributes $385 million to the provincial economy and Fredericton community. 25% of graduates work in natural resource sectors or related fields.

Lithium

Ranked: The Top 10 EV Battery Manufacturers in 2023

Asia dominates this ranking of the world’s largest EV battery manufacturers in 2023.

Published

3 days ago

April 22, 2024

Bruno Venditti

The Top 10 EV Battery Manufacturers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Despite efforts from the U.S. and EU to secure local domestic supply, all major EV battery manufacturers remain based in Asia.

In this graphic we rank the top 10 EV battery manufacturers by total battery deployment (measured in megawatt-hours) in 2023. The data is from EV Volumes.

Chinese Dominance

Contemporary Amperex Technology Co. Limited (CATL) has swiftly risen in less than a decade to claim the title of the largest global battery group.

The Chinese company now has a 34% share of the market and supplies batteries to a range of made-in-China vehicles, including the Tesla Model Y, SAIC’s MG4/Mulan, and various Li Auto models.

Company	Country	2023 Production (megawatt-hour)	Share of Total Production
CATL	🇨🇳 China	242,700	34%
BYD	🇨🇳 China	115,917	16%
LG Energy Solution	🇰🇷 Korea	108,487	15%
Panasonic	🇯🇵 Japan	56,560	8%
SK On	🇰🇷 Korea	40,711	6%
Samsung SDI	🇰🇷 Korea	35,703	5%
CALB	🇨🇳 China	23,493	3%
Farasis Energy	🇨🇳 China	16,527	2%
Envision AESC	🇨🇳 China	8,342	1%
Sunwoda	🇨🇳 China	6,979	1%
Other	-	56,040	8%

In 2023, BYD surpassed LG Energy Solution to claim second place. This was driven by demand from its own models and growth in third-party deals, including providing batteries for the made-in-Germany Tesla Model Y, Toyota bZ3, Changan UNI-V, Venucia V-Online, as well as several Haval and FAW models.

The top three battery makers (CATL, BYD, LG) collectively account for two-thirds (66%) of total battery deployment.

Once a leader in the EV battery business, Panasonic now holds the fourth position with an 8% market share, down from 9% last year. With its main client, Tesla, now sourcing batteries from multiple suppliers, the Japanese battery maker seems to be losing its competitive edge in the industry.

Overall, the global EV battery market size is projected to grow from $49 billion in 2022 to $98 billion by 2029, according to Fortune Business Insights.