The scramble to build new lithium ion battery capacity is underway. In 2020, the world will have at least 265GWh of additional manufacturing capability, an increase of 230% from today.
Confusion reigns, however, between what constitutes a lithium ion cell plant and one that produces battery packs for electric vehicles and stationary storage devices. In quantifying raw material demand, understanding this difference is vital. Here, Benchmark Mineral Intelligence outlines the production process to make lithium ion cells and battery packs as the world prepares for the rise of the battery megafactories.
The lithium ion battery megafactories are rising . . .