NEWS
IEA: By 2040, nearly half of the world’s cars will be electric vehicles
15 November 2020
International Energy Agency released World Energy Outlook 2018 in Beijing on 23. The report argues that 20% of the increase in global electricity demand will come from Chinese motor demand. By 2040, all global energy demand growth will come from developing economies, with nearly half the world’s cars being electric vehicles. “Electricity is increasingly becoming the preferred fuel for economies that are more dependent on light industry, services and digital technology,” said Laura Cozzi, chief energy model officer of the […]
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Challenges and Opportunities for the Global Battery Storage Market
2 November 2020
Energy storage is an important part and key supporting technology of smart grid, renewable energy high proportion energy system, energy internet. Battery energy storage application is flexible. According to incomplete statistics, the cumulative installed and put into operation scale of the global battery energy storage project between 2000 and 2017 is 2.6 GVA, and when the capacity is 4.1 GVA, the annual growth rate is 30% and 52%, respectively. What factors benefit from the rapid growth of battery energy storage […]
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Globally starter battery production will be 40% higher than demand in 2021
2 November 2020
Globally starter battery production is expected to soon exceed the market demand of about 40%, which in turn caused huge price pressure on the industry. Starter battery production is growing at a rate much faster than demand, leading to falling prices. Producers must reduce production costs. In the transition to future plants by improving plant structure, plant digitization, and plant processes, battery manufacturers can reduce the cost of battery packs by about 20% per million KWH. Battery production costs other […]
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