14 Apr '18, 2pm

Chinese Battery Giant CATL To Become #1 EV Battery Producer By 2020?

Chinese Battery Giant CATL To Become #1 EV Battery Producer By 2020?

The new factory’s planned annual production capacity is 24 GWh by 2020, which is smaller than the Tesla Gigafactory 1’s initial target of 35 gigawatt-hours (GWh) by 2020, but CATL already has 17.5 GWh of battery production capacity. Bloomberg indicates that this would give CATL the biggest li-ion battery production capacity in the world, but it depends on how fast the factory is completed and how quickly other manufactures invest and build. Tesla’s Gigafactory 1 2020 battery production capacity is a big variable, as it was indicated that the capacity might be much larger by 2020 … but quickly increasing battery production for the Model 3 has been a bit of a challenge.

Full article: https://cleantechnica.com/2018/04/14/chinese-battery-gian...

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