With advancing technologies and greater adoption of the lithium-ion battery, investors can capitalize on the growing industry through a targeted lithium-related ETF.
The battery industry is expected to experience exponential growth as car makers turn electric with Tesla building a $5 billion factory in Nevada, reports Stephen Wilmot for the Wall Street Journal.
As the U.S. sees a growing shift toward larger batteries on increasing electric vehicle demand, the industry will have to raise production from 68 gigawatt-hour of lithium-ion cells last year to 1,165 GWh over the next decade, brokerage Berenberg projected.
Along with Tesla, other leaders in cell production include Panasonic, LG Chem and Samsung SDI. In the ballooning Chinese electric-vehicle market, BYD and CATL are newcomers intend to build 24 factories with total capacity of 332 GWh by 2021.