WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 204
Market Data
Physical Energy Flows
ENERGY IN
THE REGIONS
HOME
Gigafactories
Gigafactories project update (till 2023)
Share of 2030 pipeline
FIGURE 11
Other
3%
Gigafactories project update
36
USA
15%
projects
in EU, 1.2 TWH
capacity
38
291
• The 2022 IRA in the USA spurred battery cell development, making the sector the 2nd largest globally outside of China by mid-2023
• Central Europe has emerged as a key gigafactory hub, with countries like Poland, Hungary, and Germany
• Chinese EV battery maker in talks to invest $1.28bn in new UK gigafactory
Electric vehicle battery recycling capacity Dec 2023, by country (in ‘000 metric tons)
China
68%
EU
14%
401
Gigafactories around the world (operational
– 163 and under construction – 238)
72.6%
200
Source: Gigafactories map, Benchmark 2023
200
500
Of gigafactories are in China (291 gigafactories)
WEMO 2024
projects
in China alone, 6.1
TWH capacity
204
projects
in NA, 1.3 TWH
capacity
