How much lithium ion battery capacity is in the pipeline?

There is now 6,387.6 gigawatt hours (GWh) of lithium ion battery capacity in the pipeline as assessed in Benchmark’s May 2022 Gigafactory Assessment, a 68% year-on-year increase. China continues to dominate gigafactory announcements, []

How much did China invest in lithium battery production in 2022?

Major lithium battery makers in China invested over 439 billion yuan ($63.1 billion) to build new production lines in the first half in 2022, which were expected to generate a production capacity of 1,069 gigawatt-hour, according to industry data.

What is the capacity of lithium ion batteries?

Lithium ion battery pipeline breaks the 6 TWh capacity barrier | Benchmark Source Global lithium ion production capacity could reach over 6,000GWh (6TWh) by the end of the decade, based on current plans, as companies accelerate gigafactory construction in Europe and the US.

Should lithium batteries be shipped at a state of charge?

Lithium batteries must be shipped at a state of charge not exceeding 30 percent of their rated capacity, according to Zeng. At the same time, Chinese battery makers have continued to innovate. For example, CATL launched Qilin, a third generation of its cell-to-pack technology, in June.

Will BYD buy a lithium mine in Africa?

It is also reported that BYD was in talks to buy six lithium mines in Africa in June, with total reserves of lithium oxide at 2.5 percent grade estimated at more than 25 million tons. While Chinese battery makers have vowed to increase raw material supply, their output of batteries continued to increase.

How big will lithium-ion batteries be in 2022?

But a 2022 analysis by the McKinsey Battery Insights team projects that the entire lithium-ion (Li-ion) battery chain, from mining through recycling, could grow by over 30 percent annually from 2022 to 2030, when it would reach a value of more than $400 billion and a market size of 4.7 TWh. 1