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CNA: BloombergNEF Puts Canada Ahead of China in Lithium Battery Production Capabilities

Primary Taiwanese news agency Central News Agency (CNA) recently reported that Bloomberg New Energy Finance (BloombergNEF) has released a ranking report on global supply chains for lithium-ion batteries. Canada surpassed China for the first time as number one in the rankings, topping the list of 30 countries. According to BloombergNEF, the “Global Lithium-Ion Battery Supply Chain Ranking [is] an annual assessment that rates 30 countries on their potential to build a secure, reliable, and sustainable lithium-ion battery supply chain.”

The below excerpts are translated from the CNA article:

“China ranked first for the three years prior before falling to second place in the 2024 edition of the BNEF ranking. Canada moved to the top of the list from second place, and the United States now ranks third among battery producers.”

“Canada currently accounts for only a fraction of China’s lithium-ion battery production. BloombergNEF’s analysis focuses on future battery supply chain developments.”

“The Canadian government continues to invest new funds to expand support programs for electric vehicle battery manufacturing.”

“Multinational companies investing in the electric vehicle industry such as Ford, Stellantis, Volkswagen, South Korea’s LG Energy Solution, and Umicore have already started developments in Canada.”

“BloombergNEF examined 46 indicators across five categories to measure each country’s potential to build a safe, reliable and sustainable lithium-ion battery supply chain. These categories include raw materials, battery manufacturing, downstream demand, environmental and social governance, as well as industry, infrastructure and innovation.”

CNA, February 8, 2024

BloombergNEF, February 5, 2024