Analysis: Battery Cell Regional Overview – China, India, Japan, Korea
Explore the evolving battery production landscape in China, India, Japan & South Korea. Get insights on market trends, investments, gigafactories & policy impacts.
An analysis of the latest battery production landscape in China, India, Japan, and South Korea, focusing on shifting market trends and regional investments. China remains the dominant player in lithium-ion battery production, with demand expected to grow from 634 GWh in 2024 to 2.1 TWh by 2031, despite a decline in its share of new global production capacity. India is emerging as a high-growth market, with demand projected to rise from 5 GWh in 2024 to 215.6 GWh by 2031. Japan’s shift from hybrid and fuel-cell technologies to battery electric powertrains will drive rapid growth, reaching 215 GWh by 2031. South Korea’s demand will rise steadily to 184 GWh by 2031, though growth is slower due to investment shifts. The report also highlights regional policy impacts, battery material supply constraints, and gigafactory developments.
