There Has Been A Surge In The Number Of Lithium-ion Batteries In The World

- Dec 15, 2017-

A new report from Benchmark Mineral Intelligence reports that the number of lithium-ion battery factories being planned around the world is soaring.The agency calculates that 26 battery "superplants" are either already in production or will go into production by 2021.

Benchmark Mineral Intelligence borrows the term "superplant" to describe factories that produce more than 10 gigawatts of capacity in one year.By comparison, there were only three such plants planned or put into production in 2014.It's worth noting that not all of these planned plants will eventually go into production.

But growth in demand for electric vehicles will drive economic growth, and sales of electric vehicles are expected to surge in 2022 or 2023, said kaspar rawls, an analyst at Benchmark Mineral Intelligence.Several manufacturers are planning to release electric vehicles in the next few years.Benchmark predicts that by 2025, the world's total lithium battery demand will reach 50 gigawatts, compared with 8.5 gigawatts in 2016.Most of the factories (49 per cent) will be built in China, with air quality problems driving the development of electric vehicles.The European Union came in second with 23 per cent of total planning, while the us was third with 15 per cent.However, Benchmark points out that tesla plans to expand its Nevada superplant with a capacity of 15 gigawatts.