Europe has surged ahead in planned lithium ion battery capacity for its EV industry in a year which saw global historical highs for pipeline gains to 2029.
Europe’s planned lithium ion battery capacity increase was led by new plants in Germany including CATL in Erfurt, Farasis in Saxony-Anhalt, Northvolt and Volkswagen Group (VW) in Salzgitter, and most recently, Tesla’s Gigafactory 4 in Berlin.
Combined, these battery megafactories increased Germany’s pipeline capacity over the next decade by 432% to 133GWh and Europe’s to 348GWh.
And where will they all get their Lithium from ?
https://www.benchmarkminerals.com/ev-battery-arms-race-enters-new-gear-with-115-megafactories-europe-sees-most-rapid-growth/
PHASE 2 Lithium Boom Begins
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