Energy storage lithium battery foreign trade customer development

Which countries import lithium-ion batteries in 2022?

Poland, Japan and Germany each accounted for between 1% and 2% of U.S. lithium-ion battery imports in the 2022 fourth quarter. Panjiva is the supply chain research unit of S&P Global Market Intelligence, a division of S&P Global Inc.

Why are lithium-ion batteries booming in the US?

U.S. imports of lithium-ion batteries, especially those made in China, are booming as demand for electric vehicles and energy storage stations continues to rise. Lithium-ion battery imports climbed to a record 637,396 tonnes in 2022, jumping 99% from 2021, according to data from Panjiva.

Should lithium-based batteries be a domestic supply chain?

Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and electrical grid storage markets.

How can the US secure the lithium-ion supply chain?

Identifying friendshoring partners—instead of simply supporting onshoring policies—should be a critical part of the U.S. drive to secure the lithium-ion supply chain. These partners will help the country more efficiently acquire the inputs it needs to strengthen its domestic manufacturing capabilities while diversifying away from China’s dominance.

How does US trade policy affect lithium-ion battery production & deployment?

Gaps in U.S. trade policy also drive up the costs of LIB production and deployment in the United States, as well as the manufacturing and deployment costs of key LIB-powered products. Current U.S. most-favored nation (MFN) rates for lithium-ion battery products still impose barriers on the ability to procure these goods.

What is the global market for lithium-ion batteries?

The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.