Does Finland have lithium ion batteries?

Finland is one of the few European countries where the ground contains all the key minerals needed to make lithium-ion batteries: cobalt, nickel, lithium and graphite.

Where does Finland rank in the lithium-ion battery supply chain?

BloombergNEF (BNEF) has ranked Finland as 4th worldwide and 1st Europewide in their lithium-ion battery supply chain ranking. As demand for batteries increases, the need to find solutions is urgent. Business Finland has granted the BATCircle 2.0 consortium with 10.8 million euros

How big is the battery industry in Finland?

The battery industry investment potential in Finland is vast. The companies have plans to make investments worth 6-9 billion euros in the next 5 years. By 2027, the companies plan to have a revenue of 9 billion euros. The number of employees is estimated to be 6 000, and indirectly as much as 20 000.

What makes Finland a good battery company?

Finland has expertise throughout the battery value chain, from the mining industry and processing of raw materials to technologies and services related to the manufacture and use of batteries, as well as charging technologies and recycling.

How much does a lithium ion battery cost?

The electric vehicle market, the primary driver for lithium-ion batteries, grew more slowly than in previous years but still showed the lowest price at $97 per kWh. Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China.

How much does a lithium battery cost in China?

Meanwhile, the stationary storage market has surged, with intense competition among cell and system suppliers, particularly in China. Regionally, the average prices of lithium battery packs were lower in China, at $94 per kWh, while prices in the U.S. and Europe were 31% and 48% higher, respectively.