2024 by the numbers
17.7M
Global xEV sales
+25% year on year
Page 6 →
$115/kWh
Battery pack price
Record low, down 20% from 2023
Page 6 →
363 GWh
Cumulative global BESS capacity
150 GW; BESS grew 55% year on year
Page 6 →
1.45 TWh
Global battery manufacturing capacity
Up from 1.05 TWh
Page 6 →
80%
Key cell components and cells owned by China
Page 6 →
+50%
PHEV demand
BEV demand +14%
Page 6 →
Contents
Industry
- Overviewp.5
- Notable Eventsp.7
- Industry Value Chainp.21
- Financep.40
- Costsp.57
- Cell & Pack Manufacturingp.69
- Applicationsp.104
- Applications: Electric Vehicles (EV)p.106
- Applications: Battery Energy Storage Systems (BESS)p.137
- Applications: Otherp.174
- Safetyp.187
- Legalp.195
- Chemistryp.198
- Chemistry: Cathodep.203
- Chemistry: Anodep.233
- Chemistry: Electrolyte & Separatorp.250
- Chemistry: Solid Statep.259
- Chemistry: Lithium-Sulphurp.269
- Chemistry: Non-Lithium Chemistriesp.277
- Supply Chain & Raw Materialsp.300
- Recycling & Reusep.317
- Softwarep.331
Academia
- Overviewp.354
- Macro Research Trendsp.356
- Seminal Literaturep.360
- Lithium-Ion: Cathodep.370
- Lithium-Ion: Anodep.377
- Lithium-Ion: Electrolytep.383
- Sodium Ionp.390
- New & Alternative Chemistriesp.397
- Fast & Extreme Fast Chargingp.404
- Fundamentalsp.408
- Life Prediction and Modellingp.413
- Testing & Analysis Techniquesp.420
- Recyclingp.426
- Battery Safetyp.429
Common Questions
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About this report
The Battery Report is the most-read report covering the battery industry. With 100,000+ readers each year, this report summarizes the most significant developments in the battery industry. Crowd-sourced from top industry, academic, and policy experts, this report provides a comprehensive and accessible overview of the latest battery research, policy, and business landscape.
From battery research to company discovery
Find battery suppliers, manufacturers, equipment providers and other businesses in Volta Foundation’s Battery Business Directory. Linked report pages connect historical mentions with company profiles as identities are reviewed.
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