Battery-making capacity built by lithium-ion battery megafactories will triple by 2020
CONFIRMED73% CONFIDENCEHappened as dated, per the pin description: "…hem, Foxconn, BYD, and Boston Power are complete, we will have a total capacity in 2020 of around 12…"
Today’s production capacity is approximately 35 GWh worldwide. However, once Tesla’s Gigafactory and the other facilities being built by LG Chem, Foxconn, BYD, and Boston Power are complete, we will have a total capacity in 2020 of around 122 GWh. This exponential ramping up of production capabilities proves that companies are serious about scale and reducing costs.