Battery capacity demand by major car makers (GWh)
The automobile industry is undergoing a revolution. Major car makers have launched their roadmaps for electric vehicles to fulfill zero-emission. The Volkswagen Group will bring 80 new electric vehicles to customers by 2025, which means it will need more than 150 gigawatt hours (GWh) of battery capacity annually by 2025.
Battery capacity plan estimated by key battery makers (GWh)
The battery is a key component of electric vehicle. The electrification of vehicles will need a huge amount of batteries. Top battery makers will not hesitate to expand their capacity in Europe.
Electrolyte is a must for battery. The electrolyte volume will grow by ~22% per year, as estimated by Fuji Keizai.