Driven by global EV adoption, Li-ion battery manufacturing is expected to expand significantly in the next three years. A Lux analysis of the larger Li-ion battery manufacturers’ capacity and expansion plans found that current Li-ion manufacturing capacity may triple by 2020, from 73 GWh to 238 GWh globally. Major growth is planned in China by BYD and notably CATL; however, it’s worth taking these projections with more than a grain of salt, as the markets of Li-ion batteries are changing significantly.
