North America Is Now The Fastest-Growing Battery Manufacturing Hub via insideevs.com
Denver-based Clean Energy Associates , a sustainability advisory company, has released a report that forecasts lithium-ion cell manufacturing growth in the coming years.states that North America became the fastest-growing regional market for planned battery cell manufacturing by the end of 2022 – an effort fueled by the Inflation Reduction Act .
CEA’s study expects China to remain the global leader in the battery manufacturing space, but its share will decline in the coming years. That said, CEA projects global battery cell manufacturing to grow 186 percent, or three times, by 2025. Several North American investments have made headlines in recent months. Ford, in partnership with CATL, will set up a 35 gigawatt-hour lithium iron phosphate
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