Demand For Electric Vehicles Soared The World's Lithium-ion Battery Factory Surge

- Dec 13, 2017 -

December 12, Benchmark Mineral Intelligence released the latest report said the world is planning to build the number of lithium-ion battery plant is rapidly growing. The agency statistics show that there are currently 26 batteries "super factory" either already in production, or will be put into operation before 2021.

Benchmark Mineral Intelligence borrowed the term "super-factory" to describe a plant that produces more than 10 gigawatts of production capacity in a year. In contrast, only three such plants were planned or commissioned in 2014. It is worth noting that not all of these planned plants will eventually come on stream.

However, Benchmark Mineral Intelligence analyst Caspar Rawles said growth in demand for electric vehicles will drive economic growth and sales of electric vehicles are expected to soar in 2022 or around 2023. Several manufacturers are planning to release electric vehicles in the next few years. Benchmark predicts that by 2025, the total global demand for lithium batteries will reach 50 billion watt-hours, compared with 8.5 billion in 2016. Most of the factories (49%) will be built in China, and the air quality issue has promoted the development of electric vehicles. The EU ranks second with 23% of the total plan and the United States third with 15%. However, Benchmark said Tesla plans to expand its super-plant in Nevada with final capacity of 15 billion watt-hours.

Source: I love tram network

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