IEA: Global EV battery industry 'entering a new phase' on path to maturity

Michael Holder
clock • 4 min read
Tesla gigafactory in Nevada, USA | Credit: iStock
Image:

Tesla gigafactory in Nevada, USA | Credit: iStock

Driven by soaring demand from electric vehicles and significant production cost reductions - particularly in China - battery market competition is becoming increasingly fierce

The global battery industry for electric vehicles (EVs) is "entering a new phase of its development", as falling production costs and growing demand triggers increasingly fierce competition worldwide....

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