China’s battery push and Elon Musk’s Tesla – Benchmark quoted in Bloomberg article

Benchmark Mineral Intelligence was recently quoted in an article written by Bloomberg News renewable energy correspondent, Joe Ryan.

The article focuses on lithium-ion battery production in China, and in particular how despite Elon Musk and Tesla attracting many of the headlines, their plans modest when compared to China.

By 2020 installed lithium-ion cell production capacity in of China’s megafactories* alone will exceed 160 GWh, in comparison Tesla’s gigafactory in Sparks, Nevada will have 35GWh capacity.

The article quotes Benchmarks, Simon Moores and can be viewed here in the June section of our In the Media page.

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* Cell manufacturing facilities with greater than 1GWh capacity

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