Mining

Canada’s Resource Cities: Thunder Bay & Northwestern Ontario

Published

9 years ago

April 22, 2015

Jeff Desjardins

Canada's Resource Cities: Thunder Bay & Northwestern Ontario

Canada’s Resource Cities: Thunder Bay & Northwestern Ontario

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 Thunder Bay Chamber of Commerce.

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

An 18 hour drive from Toronto, Thunder Bay is the furthest thing from a typical city along Ontario’s most populous corridor. With a wealth of forests, minerals, and value-added services, the city is a major contributor to the future of both Ontarians and Canadians.

Some interesting facts on Thunder Bay covered in this infographic:

Almost half of Ontario’s productive forests are in Northwest Ontario, and Thunder Bay is the centre for the forest products industry in the province.
Workers in Northwestern Ontario’s mining industry are striking gold, both on site and with their average salary. The average Thunder Bay mining wage is $91,000, compared to a $48,000 average wage in the province.
The Port of Thunder Bay is the largest export port on the St. Lawrence Seaway. It is a major hub for food grown in Western Canada, and 80% of shipments are grains from Canada’s breadbasket.
Five new gold mines are expected to come into production over the next four years in the region, each contributing $300 million per year to Ontario’s GDP.

Related Topics:ontario thunder bay northwestern ontario

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Ranked: The Top 10 EV Battery Manufacturers in 2023

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

Published

2 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.