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Benchmark Minerals was the first to track the global build out of lithium ion battery plants and the first to coin the term: Battery Megafactories.

The battery megafactory concept, Tesla’s Gigafactory 1, became a reality in 2016 and sparked a global battery arms race to shift the world to electric vehicles and energy storage.

These multi-gigawatt hour facilities are an order of magnitude bigger than their predecessors and the impact on the supply chains that feed them has been profound.

Understanding the plans of all current and emerging players in the lithium ion battery space is crucial to assessing the fate of electric vehicles and reducing the world’s reliance on fossil fuels via energy storage.

The lithium ion battery today is what the oil barrel was to the 20th century – the linchpin holding together these energy megatrends. Our team travels the world and speaks regularly with lithium ion battery producers and consumers to assess the facts from the speculation.