In 2020, Fitch Solutions analysts recorded 37 manufacturing projects for EV batteries and related components and materials worth $21.04 billion, for those projects disclosing financial details. The projects range from the production of battery cells and packs themselves, to anode materials and battery trays, and give an idea of which regions are most active in developing a localised supply chain and which countries are the biggest beneficiaries within those regions. Western Europe claimed both the biggest number of projects with 17, and the biggest combined value with $9.1 billion. This gave the region a 43.5% share of the total global investment into battery manufacturing projects, Fitch reports. On a country level, Germany led the region with 10 of the 17 projects recorded. The biggest project in Germany is SVOLT’s $2 billion battery cell plant with a capacity of 24GWh per year. This activity in Germany is reflective of the […]