China’s battery cell manufacturing capacity could exceed projected global demand by 2030, according to a new Carnegie Endowment report, which recommends selective cooperation with Chinese companies to reduce supply chain risks.
From ESS News
China’s battery manufacturing capacity could surpass projected global demand by 2030, according to a new report from the Carnegie Endowment for International Peace.
The report projects Chinese cell production capacity of between 5,862 GWh and 6,720 GWh by the end of the decade, compared with expected global demand of 4,000 GWh to 5,100 GWh.
The report estimates that battery cell manufacturing capacity across Organisation for Economic Co-operation and Development (OECD) countries will reach about 1,881 GWh by 2030, with a potential maximum of 2,422 GWh. Emerging markets including India and Indonesia are expected to account for an additional 217 GWh.
