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Sogosohubidu201on Apr 02, 2019 11:02am
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Lithium battery production set to grow 50 percent a year
Lithium battery production set to grow 50 percent a yearhttps://www.greencarreports.com/news/1122380_lithium-battery-production-set-to-grow-50-percent-a-year
A new report by Benchmark Minerals, first cited by CleanTechnica, shows battery makers are working quickly to meet growing demand for new lithium-ion battery cells from automakers.
According to the company's Battery Factory Data, battery suppliers ramped up their forecast supply from 922 gigawatt-hours in 2023 to 965 in February, an increase of 4 percent in February alone. Extrapolated to an annualized forecast, that would increase battery supplies available in that year by 50 percent this year alone.