Mining

Company Snapshot: Great Lakes Graphite

Published

9 years ago

September 14, 2015

Jeff Desjardins

Company Snapshot: Great Lakes Graphite

Great Lakes Graphite (TSX-V: GLK) is an industrial minerals company focused on bringing value-added carbon products to a well-defined market.

The Company’s Innovation Division has entered into long-term agreements for use of the Matheson Micronization Facility and for supply of high quality natural graphite concentrate which are positioning Great Lakes Graphite to become an emerging domestic manufacturer and supplier of micronized products to a growing regional customer base where pricing and demand continue to rise. The Company is not sourcing graphite feed for its Matheson Micronization Facility from its mineral projects.

The Company is currently preparing the Ontario-based Matheson Micronization Facility for commissioning in late 2015, to achieve the following objectives:

Establish a position in the upgraded graphite products market with North American customers.
Create a competitive and disruptive advantage by leveraging existing assets.
Pursue an accelerated timeline to cash flow and revenue by micronizing and upgrading flake graphite, enabled by supply agreements with current graphite producers.

Learn more about Great Lakes Graphite: https://www.greatlakesgraphite.com

Related Topics:battery graphite great lakes glk matheson micronization

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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

4 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.