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Visualizing China’s Dominance in Battery Manufacturing (2022-2027P)

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battery manufacturing capacity by country infographic

Visualizing China’s Dominance in Battery Manufacturing

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With the world gearing up for the electric vehicle era, battery manufacturing has become a priority for many nations, including the United States.

However, having entered the race for batteries early, China is far and away in the lead.

Using the data and projections behind BloombergNEF’s lithium-ion supply chain rankings, this infographic visualizes battery manufacturing capacity by country in 2022 and 2027p, highlighting the extent of China’s battery dominance.

Battery Manufacturing Capacity by Country in 2022

In 2022, China had more battery production capacity than the rest of the world combined.

RankCountry2022 Battery Cell
Manufacturing Capacity, GWh
% of Total
#1 🇨🇳 China89377%
#2🇵🇱 Poland736%
#3🇺🇸 U.S.706%
#4🇭🇺 Hungary383%
#5🇩🇪 Germany313%
#6🇸🇪 Sweden161%
#7🇰🇷 South Korea151%
#8🇯🇵 Japan121%
#9🇫🇷 France61%
#10🇮🇳 India30.2%
🌍 Other71%
Total1,163100%

With nearly 900 gigawatt-hours of manufacturing capacity or 77% of the global total, China is home to six of the world’s 10 biggest battery makers. Behind China’s battery dominance is its vertical integration across the rest of the EV supply chain, from mining the metals to producing the EVs. It’s also the largest EV market, accounting for 52% of global sales in 2021.

Poland ranks second with less than one-tenth of China’s capacity. In addition, it hosts LG Energy Solution’s Wroclaw gigafactory, the largest of its kind in Europe and one of the largest in the world. Overall, European countries (including non-EU members) made up just 14% of global battery manufacturing capacity in 2022.

Although it lives in China’s shadow when it comes to batteries, the U.S. is also among the world’s lithium-ion powerhouses. As of 2022, it had eight major operational battery factories, concentrated in the Midwest and the South.

China’s Near-Monopoly Continues Through 2027

Global lithium-ion manufacturing capacity is projected to increase eightfold in the next five years. Here are the top 10 countries by projected battery production capacity in 2027:

RankCountry2027P Battery Cell
Manufacturing Capacity, GWh
% of Total
#1🇨🇳 China6,19769%
#2🇺🇸 U.S.90810%
#3🇩🇪 Germany5036%
#4🇭🇺 Hungary1942%
#5🇸🇪 Sweden1352%
#6🇵🇱 Poland1121%
#7🇨🇦 Canada1061%
#8🇪🇸 Spain981%
#9🇫🇷 France891%
#10 🇲🇽 Mexico801%
🌍 Other5236%
Total8,945100%

China’s well-established advantage is set to continue through 2027, with 69% of the world’s battery manufacturing capacity.

Meanwhile, the U.S. is projected to increase its capacity by more than 10-fold in the next five years. EV tax credits in the Inflation Reduction Act are likely to incentivize battery manufacturing by rewarding EVs made with domestic materials. Alongside Ford and General Motors, Asian companies including Toyota, SK Innovation, and LG Energy Solution have all announced investments in U.S. battery manufacturing in recent months.

Europe will host six of the projected top 10 countries for battery production in 2027. Europe’s current and future battery plants come from a mix of domestic and foreign firms, including Germany’s Volkswagen, China’s CATL, and South Korea’s SK Innovation.

Can Countries Cut Ties With China?

Regardless of the growth in North America and Europe, China’s dominance is unmatched.

Battery manufacturing is just one piece of the puzzle, albeit a major one. Most of the parts and metals that make up a battery—like battery-grade lithium, electrolytes, separators, cathodes, and anodes—are primarily made in China.

Therefore, combating China’s dominance will be expensive. According to Bloomberg, the U.S. and Europe will have to invest $87 billion and $102 billion, respectively, to meet domestic battery demand with fully local supply chains by 2030.

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Energy

Visualizing Saudi Aramco’s Massive Oil Reserves

Saudi Aramco controls almost 259 billion barrels worth of oil and gas reserves.

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Visualizing Saudi Aramco’s Massive Oil Reserves

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.

Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally. This is a key factor in the company’s massive $1.8 trillion valuation.

To illustrate that, this chart compares the proved reserves of major oil companies as of 2022. Data was compiled by Statista from various company reports.

Crown Jewel

Saudi Aramco is the national oil company of Saudi Arabia. As of 2024, it is the sixth-largest company in the world by market capitalization.

Its oil reserves are over four times bigger than the reserves of all the other six companies on our list combined.

CompanyProved reserves (billion barrels of oil equivalent)
Saudi Aramco258.8
ExxonMobil17.7
Chevron11.2
Total Energies10.2
Shell9.6
BP7.2
Eni6.6

Behind Saudi Aramco, American company ExxonMobil comes in second with 17.7 billion barrels of oil equivalent, followed by another American company, Chevron, with 11.2 billion barrels of oil equivalent.

Saudi Aramco produces 9 million barrels of oil a day, more than any other firm and nearly a tenth of the world’s total.

In addition, the state-run oil giant is the world’s most profitable company, generating $722 billion in profits between 2016 and 2023.

Saudi Aramco is also expected to play a big part in Saudi Arabia’s plans to diversify its economy and reduce oil dependence. Recently, Saudi Arabia’s Crown Prince Mohammed Bin Salman confirmed that the kingdom is in talks to sell a 1% stake in the state oil giant, which could help fund the country’s projects in clean energy and technology.

If you enjoyed this post, be sure to check out this graphic, which ranks oil production by country.

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