How many battery Megafactories are there in China?

Battery megafactories are super-sized producers of lithium-ion battery cells, which will be the platform technology for all EVs, and China has taken the initiative to build battery capacity at speed and scale. Of the 181 battery megafactories in various stages of planning and construction, 88 are currently active, making cells for EVs.

Where are Gigafactories now?

Greater China and Asia have been leading on the number and size of gigafactories, and they will continue to lead. With the Inflation Reduction Act in the US, there is a huge and urgent momentum for players throughout the world to move into American manufacturing of these gigafactories. I think that’s a great thing.

How many battery Megafactories are there?

Data from Benchmark Mineral Intelligence shows that the number of individual battery megafactories, also referred to as gigafactories, in the pipeline over the next 10 years increased from 118 in 2019 to 181 in 2020. (For context, only four were being planned in 2015). Of the 181, 136 are based in China, 10 in the US, and 16 in continental Europe.

How many gigawatt hours a year will a Gigafactory run?

Now, the projection into 2025 and beyond is over 3,000 gigawatt hours per year, or basically 100 times that need, and it’s all because industrial growth and product growth will need these batteries to really drive it. The gigafactories themselves are front and center of this impressive industrialization needed.