According to the International Energy Association, electric battery manufacturing capacity has more than tripled in the last three years, since 2020, but manufacturing is concentrated in only a few countries, creating supply chain risks.
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Battery manufacturing in EMS factories
The IEA’s special report on Batteries and Secure Energy Transitions highlights the key role batteries will play in fulfilling the recent 2030 commitments made by nearly 200 countries at COP28 to put the global energy system on the path to net zero emissions.
The chart below reveals capacity for Japan, United States, Europe, China, Korea, ROW.
Current and announced electric battery manufacturing capacity, by country
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