Europe is on track increase its battery-making capacity by 20 times in the next seven years, hitting 90 gigawatt-hours of manufacturing output a year by 2025.
The figures, from Wood Mackenzie Power & Renewables, show Europe gaining ground on Asia, which today accounts for 65 percent of global battery cell manufacturing.
“Several European and Asian battery vendors are now expanding in Europe by building manufacturing bases in the region,” said Wood Mackenzie energy storage analyst Mitalee Gupta.
