25 Sep '17, 2pm

China to build many gigafactories' worth of electric-car battery plants

Tesla Gigafactory battery plant in Nevada Enlarge Photo While the United States federal government threatens to backslide on renewable energy, California and China continue to move at an aggressive pace to lead the world in zero-emission vehicles. However, there's another piece to the electric-car puzzle that China seems poised to lead as well: battery production. As the global market for electric and plug-in car grows, battery production will need to increase dramatically to match demand. DON'T MISS: Chinese maker BYD plans U.S. expansion into other electric industrial vehicles It's expected that electric-vehicle batteries will become a $240 billion industry, and China has already begun to cement itself as a leader in battery production. In China alone, there are 140 electric-vehicle battery makers, and in the next 20 years, they'll likely reap the rewards of early adopti...

Full article: https://www.greencarreports.com/news/1112878_china-to-bui...

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