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North America Is Now the Growth Leader For New Battery Factories

01 Jun 2023 | Abstracted from Electrek

"...'Energy Storage System Supplier Market Intelligence Report' asserts that the incentives offered by the Biden administration'S Inflation Reduction Act (IRA) are the catalyst for the surge of the number of North American battery factories.

"CEA says that China is still the leading battery cell manufacturing hub, but its share will decline in 'coming years'...14% of all new cars sold were electric in 2022 - up from around 9% in 2021..."

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