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Batteries produced in South Korea may only be left in China

A key part of the bottleneck in battery production may be in South Korea.

Driven by the South Korean government's discount on electricity prices for companies using battery storage systems, South Korea's storage capacity exceeded any previous year. Bloomberg New Energy Finance predicted in a September report that South Korea's battery storage capacity is expected to reach 3.7 billion watt hours by the end of this year. A large part of the battery production comes from Samsung SDI and LG Chem in South Korea, two leading battery manufacturers in the world, which have shown signs of giving priority to their products for sale in their own countries.

Lithium ion batteries produced by Samsung SDI

This may be one of the reasons why American buyers face supply issues, as they typically rely on batteries made in South Korea. Yayoi Sekine, a financial analyst of Bloomberg New Energy, said that nearly 60% of the utility batteries deployed in the United States last year were produced by Samsung SDI and LG Chem.

Larsh Johnson, Chief Technology Officer of Steam, one of the largest battery and energy storage companies in the United States, said, "The global battery market is definitely a bit tight. This is also one of the reasons we are seeking new suppliers

We can't rely solely on Tesla's super battery factory

Tesla is highly regarded by the American public. The batteries produced by the company's super factory in Nevada are not only used for electric vehicles, but also for home energy storage and public utilities. At present, the company is in a leading position globally in cooperation with Panasonic's battery cells, with a capacity of 105 billion watt hours already produced or planned to be produced.

The public demand for energy storage products produced by Tesla is rapidly increasing, and the level of attention for these products is far less than that of Tesla's cars. In the United States, residential energy storage has been rapidly increasing. The installed capacity in the second quarter of this year is higher than all of last year. Tesla is also selling its Powerwall products to residents.

Tesla's Powerwall

Yayoi Sekine stated that the shortage of battery supply can be seen through Tesla's approach of "selecting and choosing who they want to deliver to", but Tesla did not deliver to every party. (Tesla did not respond to this.)

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