Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
Most of this (56%) will be put towards building 1.2 With this, the country has built up substantial expertise in building the required production facilities at a relatively low cost. Its equivalently sized facility in South Carolina is projected to cost $1.3 TWh, as assessed in Benchmark’s Lithium ion Battery Database.
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