I’ve noticed that electric cars are growing in popularity, but that many electric carmakers don’t manufacture their own batteries. What plants make batteries for electric cars?
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! The rechargeable batteries that make electric cars are essential to the manufacturing process, but you’re right in noticing that their production is typically outsourced.
More than two-thirds of lithium-ion batteries used in electric cars are produced by just three companies:
CATL in China
LG in South Korea
Panasonic in Japan.
In addition to making batteries for electric cars, these companies also typically make batteries for other electronic devices, energy storage systems, and battery management systems. All over the world, there are plants dedicated to the manufacture of rechargeable electric car batteries.
app. Jerry is a personal car insurance broker that can compare plans and rates from over 50 top-rated insurance providers in seconds.
Once you download Jerry, just answer a handful of questions and you’ll be on your way to saving money in no time. The average Jerry user saves over $800 a year.
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.