Over the next decade, tens of millions of batteries will be necessary to keep up with skyrocketing demand for electric vehicles. A new breed of supersized battery factories must deploy state-of-the-art automation while harnessing advanced supply chain strategies.
While EVs represent less than 3 percent of all new vehicle sales today, that figure is expected to skyrocket to almost 60 percent by 2040. During the next five years alone, global production capacity for batteries will need to more than triple to meet the world’s estimated EV production target.