H. Yoo
Research expert covering South Korea
Global battery supply chain - statistics & facts
The uncontested leader in the cleantech sector, China dominates the global battery supply chain. In 2023, it was the main supplier of refined materials for batteries, as well as the largest manufacturer of battery cells. Almost the entire global production of battery components took place in East Asia, with China being the main supplier and South Korea and Japan contributing an additional 20 percent. The United States and Europe did not hold up to the competition: only Europe accounted for a marginal share of the cathode market, and their battery cell production amounted to just 10 percent of that of China.
