APAC battery construction to hit $45.4b by 2027 despite slowdown in execution

EVs and energy storage systems demand will drive regional growth.

Asia-Pacific’s battery manufacturing construction projects are forecasted to reach a value of $45.4b in 2027, driven by demand for electric vehicles and energy storage systems for data centres, according to GlobalData.

Between 2026 and 2028, the region will host 206 projects with total investments of $127.2b. Whilst current execution activity is slow, the volume of planned projects indicates growth.

In 2026, execution spending is $23.4b, with planning projects reaching up to $14.5b and pre-planning projects at around $1.3b.

The planning figure will rise to $38b as execution spending to fall below $1.3b by 2028, the report added.

China holds capacity in raw material extraction and cell assembly, whilst South Korea and Japan provide high-performance chemistries and processing technologies.

Indonesia and Malaysia leverage nickel and cobalt reserves to support domestic processing and factories, GlobalData said.

Kishore Chandra, Construction Analyst at GlobalData, said industry shifts include a move towards new battery chemistries to reduce lithium dependence, prioritising charging speed, cycle life, and thermal stability. Increased production will also lower battery prices.