Dublin, Sept. 16, 2019 (GLOBE NEWSWIRE) -- The "Global Lithium-ion Battery Production and Capacity Expansion, Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.

The automotive industry is evolving rapidly in terms of technology as well as tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative as they have low or zero emissions and have come a long way to become an integral part of OEMs' business strategies. Automakers like PSA and Volkswagen (VW) are creating separate EV business units to prepare for the expected EV boom in the future. However, the surge in EV demand will create the need for a huge supply of lithium ion batteries, charging infrastructure etc.

Asian manufacturers lead the production of lithium ion batteries for the EV industry by a distance. Major suppliers like CATL, BYD, LG Chem, Samsung and SK Innovation have already ramped up production capacities and have huge targets for the coming years in terms of installed capacities. They have also entered into partnerships or signed supply contracts with almost all EV manufacturers in the world. The increase in their production capacities is due to the huge EV sales targets set by major automakers for the coming future in order to comply with stringent emission standards. Europe is turning out to be the most attractive destination as it is already home to many EV manufacturers. CATL has announced plans to expand the battery production capacity at its Germany plant to 100 GWh by 2025, which will make it the largest plant by then.

NCM is the most desired battery chemistry and is expected to continue dominating, with NCM 8:1:1 set to come out in 2019. Reducing cobalt content has been identified as an effective means to lower the production cost of lithium ion batteries. This has given rise to the NCM 811 battery and is expected to lead to the NCM 9.5.5 as well. OEMs will concentrate on suppliers who can meet their aggressive sales targets. Every OEM is expected to have more than one LiB supplier and will use cobalt-free, high-density batteries.

Key Issues Addressed

Key Topics Covered

1. Executive Summary

2. Research Scope, Objectives and Methodology

3. Regional Overview

4. Battery Chemistry Overview

5. Supply-Demand

6. Manufacturing

7. Raw Material Supply

8. Gigafactories

9. Supply Chain Analysis

10. Growth Opportunities and Companies to Action

11. Conclusions and Future Outlook

12. Appendix

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/nlwg9g

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