A PLAN !!!
Europe has become the fastest growing region for new electric vehicle (EV) lithium ion battery capacity outside of China.
As the energy storage revolution and demand for lithium ion battery cells continues to rocket, plans for gigafactories – super-sized battery plants that are an order of magnitude bigger than their predecessors – are being developed in parallel.
Just three and a half years ago, Benchmark’s Lithium ion Battery Gigafactory Assessment (September 2018) reported Europe’s battery cell capacity to be at 120GWh by 2030 – enough cells for 2.2m EVs.
Now this planned annual capacity figure stands at 789.2GWh in 2030, more than a 6-fold increase and enough to produce almost 15 million pure EVs as this global battery arms race takes hold in Europe.