Report provides overview and global context for a robust EV battery supply chain strategy
Ohio’s vast history in the automotive industry and automotive supply chain as well as its overall proximity to resources, manufacturers, and end markets are two key factors making the state an ideal location for lithium battery manufacturers. The state’s commitment to innovation makes it a natural fit for the emerging electric vehicle supply chain and electric vehicle manufacturing opportunities. Ohio’s commitment to clean manufacturing with renewable energy and solar energy also makes it a prime choice for lithium-ion (Li-ion) battery manufacturing.
Driven primarily by projected electric vehicle demand, the global lithium-ion battery industry and the battery supply chain are expected to experience compound average growth rates of close to 20% over the coming decades. This creates the need for large scale investment in mineral extraction, chemical processing, anode and cathode production, cell manufacturing, recycling facilities, and the provision of electric vehicle manufacturing component parts and charging infrastructure.
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