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03 Jun
16:01

Global battery investment to hit $560 billion this decade: Rystad

The electric vehicle boom is set to trigger $560 billion in investments in battery gigafactories around the globe this decade, Rystad Energy forecast on Thursday. According to senior analyst Matthew Wilks, demand for lithium-ion batteries, to be used both in transport and energy storage, is expected at around 7 terawatt-hours in 2030. Manufacturing capacity at the end of 2020 stood at just 0.76 TWh, Kallanish learns from the consultancy firm. By the end of last…
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