Battery capacity requirements of major automakers (GWh)
The auto industry is currently undergoing a revolution. Major automakers have launched their electric vehicle roadmaps to meet zero-emission requirements. Volkswagen Group will introduce 80 new electric vehicles by 2025, which means it will need more than 150 gigawatt hours (GWh) of battery capacity per year by 2025.
The battery is a key component of an electric vehicle. Electrification of vehicles will require a large number of batteries. Top battery manufacturers will not hesitate to increase their capacity in Europe.
Electrolyte is a necessity for batteries. Electrolyte volume will increase by ~ 22% per year, according to Fuji Keizai estimates.
