S74802-NANANA Recently, Michael Kennelly, industry leader of sheet metal manufacturing and Gigafactory at Honeywell Process Control, pointed out at a media event.
Honeywell is a Fortune Global 500 high-tech company, and Process Control is a division of Honeywell Characteristic Materials and Technologies Group that provides automated control systems, instrumentation and services, involving oil and gas, refining and chemical, paper and battery energy storage and other related businesses.
With the increase in the global penetration rate of electric vehicles and the proportion of renewable energy generation, the demand for power batteries and energy storage batteries has exploded.
According to the statistics of South Korean Research institution SNE Research, in 2022, the total amount of global power battery loading will be 517.9GWh, an increase of more than 70% year-on-year, and a new high of annual loading; Consulting firm InfoLink data show that in 2022, global energy storage battery shipments totaled 142.7GWh, an increase of 204.3%.
“The trend of battery capacity transfer is spreading globally. But in economies like Western Europe and North America, it’s still more expensive to make batteries.” Michael mentioned that this requires them to increase the level of automation and overall efficiency of the factory.
In this context, battery Gigafacotry seems to be becoming a trend, especially in Europe and the United States.
While the market share of Chinese enterprises continues to lead significantly, the participation of countries in the battery supply chain has also changed.
In 2020, China, Japan and South Korea are the top three countries in Bloomberg New EnergS74802-NANANA y Finance’s global lithium battery supply chain; In 2021, the top three countries have changed to China, the United States and Germany; In 2022, the list continues to change, with China, Canada and the United States taking the top three spots.
The ranking ranks the countries involved in the lithium battery supply chain according to the five dimensions of raw materials, battery manufacturing, ESG, industrial innovation and downstream demand, mainly reflecting the competitive position of each country in the supply chain.
Canada’s abundant raw material resources (cobalt, lithium, nickel, etc.) and increased mining activities are one of the main reasons for its rise in the ranking; The United States and Europe are actively promoting the localization process of battery manufacturing.
British research institute IDTechEx forecasts that by 2027, Europe’s share of global lithium battery manufacturing capacity will grow from about 11% in 2021 to 22%, and U.S. capacity will grow from about 7% in 2021 to 18%.
Goldman Sachs estimates that the US and Europe will need a cumulative investment of $164 billion by 2030 to S74802-NANANA localize supply, including mining, components and battery production.
India is also actively laying out its local battery business. According to India’s “Economic Times” recently reported that the Indian minister of Heavy industry said that the production of India’s first set of advanced chemical batteries is scheduled to start in January 2024.
India’s discovery of nearly 6 million tons of lithium ore this year will also add advantages to its battery industry development.
Tesla first proposed the construction of gigafactory for large-scale battery production in 2013, with large building space, high degree of automation and economies of scale.
Following Tesla, General Motors Co., Honda Motor Co., Samsung Electronics, SK Group, as well as Ningde Times (300750.SZ), Guoxen High-tech (002074.SZ) and other leading companies have announced the construction of battery gigafactory in recent years
