H. Yoo
Research expert covering South Korea
Battery and accumulator market in the UK - statistics & facts
Driven by the growing demand for electric vehicles, the demand for lithium-ion batteries has been on the rise worldwide and is expected to exceed 6,500 gigawatt hours in 2050. The United Kingdom is not an exception: in May 2020, two UK start-ups, AMTE Power and Britishvolt, announced plans to build the first large-scale battery factory to ensure a supply of cells for domestic carmakers. Until now, European and UK carmakers have been buying batteries from South Korea and China. There are, however, massive opportunities for the UK to step up its battery production capacity to meet the automotive industry’s rising demand.
