Factbox-Electric-vehicle batteries: major players and their expansion plans

Factbox-Electric-vehicle batteries: major players and their expansion plans

Information about Factbox-Electric-vehicle batteries: major players and their expansion plans

Kevin David


By Heekyong Yang
SEOUL (Reuters) – The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers and led to a growing skills shortage.
Global EV sales, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new vehicle sales, according to consulting firm Deloitte.
Here are major players’ expansion plans in key EV markets of China, the United States and Europe.
CATL
As of end-June, the Chinese company had an annual battery production capacity of 65.45 Gigawatt hours (GWh) and an additional 92.5 GWh of capacity under construction.

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