
GLOBAL GIGAFACTORY PIPELINE HITS 300; CHINA DOMINATES BUT THE WEST GATHERS PACE
The number of gigafactories in the pipeline has surpassed 300 as the global rush to develop lithium ion battery production capacity continues. There is now 6,387.6 gigawatt hours (GWh) of lithium ion battery capacity in the pipeline as assessed in Benchmark’s May 2022 Gigafactory Assessment, a 68% year-on-year increase. China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to aut