Current and future committed battery manufacturing capacity by technology in the Rest of World, 2030

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. Committed battery manufacturing capacity in 2030 is based on current manufacturing capacity, committed expansions, and additional committed capacity. Committed refer to projects that are either under construction or have reached a final investment decision. Manufacturing capacity refers to nominal yearly (GWh/year) production capacity. Solid state refers to semi-, quasi- and all-solid state batteries. Due to limited data availability on the status of sodium-ion battery projects, the same committed-to-announced capacity ratio as for new lithium-ion battery plants is used to estimate committed sodium-ion battery manufacturing capacity.