Fri, Dec 26, 2014, 10:29 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Highpower International, Inc. Message Board

  • yomattus yomattus Jun 5, 2014 4:41 PM Flag

    Will There Be Enough Batteries In The World For Electric Cars?

    As demand for electric cars grows, supply of batteries must grow to meet it.

    That much is obvious. But just how much is battery demand expected to grow by over the coming years?

    According to an Electric Vehicle Batteries report by Navigant Research, existing capacity for lithium-ion battery production will grow tenfold by 2020.

    Fine, so far

    Last year, worldwide capacity for automotive lithium-ion batteries stood at 4,400 megawatt-hours.

    Supply has been comfortable--a Nissan and NEC joint venture in Japan, AESC, has already supplied cells for 115,000 electric Leafs running around on the world's roads. And last year, nearly 100,000 plug-in cars hit U.S. roads alone. That's a lot of batteries.

    But growth in demand for full battery-electric vehicles--which use larger battery packs than plug-in hybrids or regular hybrid vehicles, and will therefore lead demand--will require significant growth in production.

    By 2020, production capacity could climb to over 49,000 megawatt-hours--ten times that of 2013's figure.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
4.92-0.11(-2.19%)Dec 26 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.