South Korea
Taiwan EV battery Industry
South Korea EV battery Industry
Japan EV battery Industry
China EV battery Industry
Indonesia EV battery Industry
Malaysia EV battery Industry
Thailand EV battery Industry
India EV battery Industry
Singapore EV battery Industry
Indonesia is the world's largest producer of processed nickel and home of 23.7% of the world's nickel reserves.

Major Suppliers (materials):
  1. Tsingshan Holding Group
  2. Vale
  3. AnTam
Malaysia is the only Southeast Asian country to have upstream, middle stream, and downstream automotive players all clustered in one country

Major Suppliers (materials):
  1. OM Materials
  2. Ta Win Holdings
  3. Ye Chiu Non-Ferrous Metal
Thailand has become one of the world-leading automotive supply chain sectors and is experiencing an abundance of successful growth.

Major Suppliers:
  1. Beta Energy Solutions
  2. Global Power Synergy
  3. Charoen Pokphand
A series of Make-in-India initiatives, followed by interests from companies of all sizes, investment in EV supply chain in India is increasing.

Major Suppliers:
  1. TDSG
  2. C4V
  3. Nexcharge
Singapore has a robust EV battery innovation ecosystem that creates a diverse and dynamic industry landscapes.

Major Suppliers:
  1. SES Holdings
  2. Durapower
  3. Liron Lib Power
China has the world’s largest EV market and it also manufactures the most EV batteries in the world. According to SNE Research, the global EV battery usage in 2021 is 296.8GWh, of which China takes up more than 50%.
Major Suppliers:
  1. CATL
  2. BYD
  3. CALB
South Korea has top three EV battery manufacturers controlling about one third of the global battery market. It has unveiled an ambitious plan in July 2021 to invest KRW 40.6 trillion (US$35.4 billion) in its EV battery sector by 2030.
Major Suppliers:
  1. LGES
  2. SK On
  3. Samsung SDI
With a world-leading battery supplier, Panasonic, Japan is now devoted itself to developing solid-state batteries.

Major Suppliers:
  1. Panasonic
  2. Prime Planet Energy & Solutions
  3. Sumitomo Matal Mining (SMM)
The EV industry in Taiwan is still at its nascent stage. Major IT and ICT suppliers are now established battery-related units to enter this field.

Major Suppliers:
  1. E-one Moli Energy
  2. Molie Quantum Energy
  3. ProLogium Technology

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  • Northeast Asia EV Battery Industry
  • Southeast Asia and India EV battery Industry
  • EV battery tech trends
China, South Korea, Japan, Taiwan EV battery supply chains

East and Northeast Asia plays a dominant role in the global supply of EV-use batteries. Six out of the top 10 battery manufacturers in 2021 are from China or related to it. China-based CATL is the world-leading battery giant with its installed volume of far exceeding those of competitors from South Korea and Japan. But South Korea is determined to overtake China. South Korea unveiled an ambitious plan in July 2021 to invest more than US$35 billion in its EV battery sector by 2030 - a policy that has come to be known as the "K-battery" strategy. Its three main EV battery manufacturers, LG Energy Solution (LGES), Samsung SDI, and SK Innovation, are all planning for production expansion in 2022.

In Japan, where EV development had been much ignored, the government is now as determined as its neighboring countries in exerting a strong presence in the EV market. Panasonic, who supplies batteries to Tesla, is currently the only significant Japanese player in the global battery sector. But more than 50 Japan-based enterprises have established the Battery Association for Supply Chain (BASC) to beef up country’s battery production.

Report highlights:
  • China's dominance in global EV battery market
  • Ambitions and determinations of South Korea and Japan to extend presence in EV battery market
  • Taiwanese makers fledgling role

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Indonesia, Malaysia, Thailand, India, and Singapore

Southeast Asian countries and India are preparing to catch up with their partners in North Asia, to fulfill the high-rising EV demand. With profound reserves of raw materials - nickel, copper, manganese, and aluminum, countries like Indonesia and Malaysia, are in good positions to develop their EV and EV battery industries.

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Tech trends, promising startups

Vehicle sales in 2020 and 2021 showed widespread adoption of battery electric vehicles (BEVs). Typical BEVs currently use lithium-ion batteries, which are unstable and require expensive rare minerals, notably cobalt.

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