As the world increasingly electrifies its transportation systems, China is poised to dominate manufacture of the batteries that will drive this electrification.
Factory workers assemble lithium ion batteries at the China BAK Battery Inc. facility in Tianjin, China. China BAK Battery, through its China based operations, manufactures and distributes standard and customized lithium ion batteries for use in mobile phones and other portable electronic applications. Photographer: Keith Bedford/BloombergThe world is becoming increasingly electrified.
There have been some innovative battery designs in the past two centuries, but it wasn’t until 1980 that a real game-changer was invented. That was when breakthroughs at the University of Oxford and Stanford University led to the development of the lithium-ion battery. Sony commercialized the first lithium-ion battery in 1991.In a lithium-ion battery, lithium metal migrates through the battery from one electrode to the other as a lithium ion.
, in partnership with Panasonic, is investing billions of dollars to build new lithium-ion battery factories. Nevertheless, U.S. lithium-ion battery producers are falling behind in market share. Global capacity is projected to grow robustly by 2025, when BloombergNEF forecasts 1,211 GWh of global capacity. Capacity in the U.S. is projected to grow, but slower than global capacity. Thus, the U.S. share of global lithium cell manufacturing is projected to shrink.
China is taking the same path that it did previously with solar panels. While solar cells were invented by American engineer Russell Ohl, today China dominates the global solar panel market. Now China is focused on controlling the world’s production of lithium ion batteries.
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