About Global procurement of lithium battery packs
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About Global procurement of lithium battery packs video introduction
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6 FAQs about [Global procurement of lithium battery packs]
Which countries can provide a low-risk battery supply to the EU?
Australia and Canada are the two countries with the greatest potential to provide additional and low-risk supply to the EU for almost all battery raw materials. Enhancing circularity along the battery value chains has potential to decrease EU’s supply dependency.
What will happen to lithium in 2022-2023?
In the short to medium-term, deficits are expected for lithium in 2022-2023, whereas the global supply/demand market balance will be tight for nickel (by 2029), graphite (by 2024) and manganese (by 2025). By 2025, the EU domestic production of battery cells is expected to cover EU’s consumption needs for electric vehicles and energy storage.
What will the global demand for battery materials be in 2040?
The global demand for raw materials for batteries such as nickel, graphite and lithium is projected to increase in 2040 by 20, 19 and 14 times, respectively, compared to 2020. China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these materials will be increasingly diversified.
Will the EU expand its battery production base over 2022-2030?
The EU is expected to expand its production base for battery raw materials and components over 2022-2030, and improve its current position and global share. However, dependencies and bottlenecks in the supply chain will remain creating vulnerabilities.
Will China continue to supply battery-grade raw materials over 2030?
China will continue to be the major supplier of battery-grade raw materials over 2030, even though global supply of these materials will be increasingly diversified. Possible supply shortages will remain.
What are the different types of battery sourcing strategies?
S&P Global Mobility categorizes OEMs' battery sourcing strategy under four types: value chain integration, partnerships, system integration and outsourcing. S&P Global Mobility forecasts that sourcing under value chain integration, where the cell, module and pack are manufactured in-house, will increase from 16.7% in 2022 to nearly 21% in 2030.