Global Lithium-Ion Battery Capacity to Reach 5.4 TWh by 2036, but Gigafactory Growth Cools, According to IDTechEx

Global annual battery production capacity will rise from nearly 500 GWh in 2020 to nearly 5000 by 2036, finds to IDTechEx, with more than 50% of that capacity centralized in China. As of 2024, China controlled over 75% of total global battery production capacity, due to fast development of gigafactories and subsidization by governmental bodies.