The Koreans are coming! But do they have enough Raw Materials?
When we think about future global battery capacity, most people would focus on China. It is, after all, where the bulk of global battery capacity currently resides. And, indeed, it has been where most end-market demand has most certainly been focused up until now. But, as we noted in our last month’s issue, it is not necessarily where the growth will come from in 2020. In fact we feel that Europe could be the engine for EV sales growth in 2020 and the only battery manufacturers with capacity in that market are Korean...