Simon Moores, Managing Director, Benchmark Minerals: China's Dominance of the Global Battery Race

In the summer of 2020, Simon Moores delivered a wake-up call to the US Senate: China is building one mega battery factory every week. The United States is building at a pace of just three per year. By the end of the first quarter of 2021, there were a total of 200 mega battery factories in the pipeline globally. Of this total, China accounted for 75%. Europe had 10%, and the US totalled just 5%. In this episode of the Winning in Asia podcast, Simon Moores delivers an expert view of the race for global supremacy in batteries for electric vehicles. Today, China, Korea and Japan utterly dominate battery production and the all-important supply chains that feed into battery making. Asian battery makers - CATL, BYD, LG Chem, SK Innovation, Samsung SDI and Panasonic - are the clear-cut industry leaders. Europe and the US are playing catch up. Is it too late? Or are we still in the early days of the battery revolution?

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