Commodity Market Report
Global lithium-ion battery supply and demand update: H2 2022
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Report summary
Lithium-ion battery supply remained tight in 2022 due to thriving demand for electric vehicles and energy storage, even amidst record high raw material prices. Surging demand has driven manufacturing capacity expansion and technology transformation. Over 100 new manufacturing facilities representing an investment of US$180 billion were announced last year. This report reviews manufacturing capacity trends through battery supply chain in 2022 and forecasts future developments.
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