Mexican Media Brands
China Readies Huge Capacity to Make EV Batteries
Chinese companies plan to add enough capacity annually to produce almost 160 gigawatt-hours of lithium-ion battery cells for electric and plug-in vehicles by 2021, Bloomberg Intelligence predicts.
#hybrid
Share
Chinese companies plan to add enough capacity annually to produce almost 160 gigawatt-hours of lithium-ion battery cells for electric and plug-in vehicles by 2021, Bloomberg Intelligence predicts.
That output would be enough to power about 2 million Tesla Model S EVs or more than 18 million Toyota Prius plug-in hybrids, according to Bloomberg. The news service notes that China's capacity would compare with about 35 gigawatt-hours of eventual annual output for Tesla Inc.’s first “gigafactory” in Utah.
About 55% world’s production capacity for lithium-ion batteries resides in China now, compared with 10% in the U.S. Bloomberg projects global capacity will balloon to 273 GWh by 2021 from about 103 GWh today—with China accounting for 59% of the total.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
