Battery demand bursting at the seams in China

The clamour for electric vehicles in China has left companies scrambling to meet demand for lithium batteries. According to research firm CCM, the production of lithium-ion batteries is set to jump […]

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By Taryn Nixon

The clamour for electric vehicles in China has left companies scrambling to meet demand for lithium batteries.

According to research firm CCM, the production of lithium-ion batteries is set to jump 400% by 2017.

Companies like Samsung and LG invested more than $325m (£215m) in China’s lithium-ion battery market last year and the research company expects to see similar levels of investment for 2015.

Production of electric vehicles was just shy of 80,000 in China in 2014 and it is forecast this figure will triple this year.