and because I saw this question come up on twitter, the amount of installed batteries in GWh in 2023 was roughly the same as the amount of produced battery cells in GWh. (at least as far as anyone can compile accurate numbers) It would be normal for battery cell production to exceed installations to a certain extent in a certain calendar year, because there is an upwards trend in demand.
Rho Motion on X: "November 2023 marks a 5% m-o-m increase in battery demand, hitting 96GWh - the second highest to date. 2023 YTD demand surpasses 870GWh, up 41% y-o-y. December set to break records with an expected 100GWh. For full insights, access our Battery Demand Monthly Assessment:… https://t.co/XMc6PfPsmt" / X (twitter.com)
EV and battery thread, page-17
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