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Lithium-ion Battery Demand



            Substantial growth expected





                                                                                                                                  Lithium-ion battery demand


                                                                                                                                         outlook (GWh/year)                    1
                                                                                                            GWh/year

                                                                                                           3,000

              Lithium-ion battery demand set to

                                                                                                           2,500
               increase 5x over the next decade



                                                                                                           2,000




                                                                                                           1,500
             Passenger vehicle electrification is


                                 the primary driver                                                        1,000





                                                                                                            500



                                                                                                               0




                                                                                                                          Passenger EVs                                Commercial EVs

                                                                                                                          Electric two-and three-wheelers              Stationary storage
                                                                                                                          Consumer electronics                         E-buses
              1.  Source: Bloomberg NEF
                                                                                                                                                                                                             5
   76   77   78   79   80   81   82   83   84   85   86