Lithium battery packs directly supplied from Finland

When will Finland start producing lithium ion batteries?

Therefore, Finland continues to increase its raw material capabilities, with Keliber planning to start mining and concentrating lithium ore in 2024, and Fortum expecting to start operating its lithium-ion battery recycling plant in 2023 .

Is Finland a leader in lithium-ion battery supply chain?

The rise has been steady from 2020 onward; back then, Finland ranked 8th worldwide and 3rd Europewide. Even more impressive is that Finland has outperformed its expected rankings of 2025 (7th worldwide, 3rd Europewide) . Worldwide rankings of the top 30 countries involved in global lithium-ion battery supply chain .

What are the global lithium-ion battery supply chain rankings?

The global lithium-ion battery supply chain rankings were first published during their Bali summit in Nov, 2022 . Sources (Accessed 17.11.2022): BloombergNEF (BNEF) has ranked Finland as 4th worldwide and 1st Europewide in their lithium-ion battery supply chain ranking.

Which companies are integrating Li-ion batteries into their solutions?

A wide range of Finnish, Nordic and European technology companies are integrating Li-ion batteries into their overall solutions. Especially in case of large global companies, Li-ion battery technologies and products may become part of their core offering by acquisitions or by organic growth and recruitments. Main actors are shown on the next slide.

What percentage of the world's lithium battery supply is recycled?

China makes up observable portion of this growth – by 2025, recycled lithium may constitute 9% of the world’s total lithium battery supply. of batteries is gaining traction across Europe, driven by the expected growing demand for electric vehicles, and European Commission’s strategic action plans circular economy.

What is the Keliber Lithium Project?

The Keliber lithium project is expected to be the first integrated lithium operation in Europe, producing lithium hydroxide from its own mined ore reserves. Estimated annual production of approximately 15,000 tonnes of battery-grade lithium hydroxide monohydrate will supply the growing international lithium battery market for at least 18 years.