Insight
Global lithium-ion battery supply and demand update: H1 2022
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Report summary
In 2021, global electric vehicle battery deployment grew over 100% to nearly 300 GWh, while global energy storage installations almost tripled year-on-year to reach 28 GWh. Surging demand has driven manufacturing capacity expansion and technology transformation. This report reviews battery manufacturing capacity trends in H1 2022 and forecasts future developments. Technology trends, such as the speed of diversification into LFP batteries, are also reviewed.
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