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China Is The Battery Export Hub But Production Is Localizing
Much of Europe and North America’s battery supply are currently imported from Asia.
But trade flows of batteries between regions are dampening over time. There will be increasing localisation of battery production to where they are used, due to:
Trade policy – tariffs are increasing over time
Supply security – automotive industry aiming to avoid a repeat of supply disruptions
Cost and ESG – transporting bulky batteries across regions is expensive and emissions-intensive
Although other regions are ramping up their production bases, China will remain the largest battery producer.
Source: Content & analysis provided courtesy of CRU Group (Distinguished Partner). For more information, visit https://www.crugroup.com. Trade flows less than 1 GWh are not shown. ‘Demand Destination’ refers to where the battery is installed. Total GWh represents end-use demand and does not show overproduction of battery cells.
Extracted from the PDF; charts and images may read imperfectly.
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