Current and future committed battery manufacturing capacity by technology in China, 2024

Sources

IEA analysis based on data from Benchmark Minerals Intelligence and Bloomberg New Energy Finance.

Notes

NMC = Lithium nickel cobalt manganese oxide; NCA = lithium nickel cobalt aluminium oxide; LFP = lithium iron phosphate. Manufacturing capacity refers to nominal yearly (GWh/year) production capacity. Solid state refers to semi-, quasi- and all-solid state batteries.