While Tesla may be building the biggest and splashiest factory, the Chinese government has launched a sweeping effort to increase the country’s dominant market share.
In early 2000s, Germany adopted policies encouraging adoption of solar/renewable energy.
Policies were much more successful than imagined, sparking demand bigger than German industry could fill.
China, seeing opportunity, ramped up production.
Solar PV prices crashed globally. Leading to current explosion in deployment and near-monthly new low-cost records.
Same about to happen with Li-On batteries.
Actually, I think Elon will be fine with this.
As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust.
Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough to supply batteries for around 1.5 million Tesla Model S vehicles or 13.7 million Toyota Prius Plug-in Hybrids per year, according to Bloomberg New Energy Finance.
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