![EV battery arms race enters new gear with 115 megafactories, Europe sees most rapid growth | Benchmark Mineral Intelligence EV battery arms race enters new gear with 115 megafactories, Europe sees most rapid growth | Benchmark Mineral Intelligence](https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1672360960/www-production/megafactories-event-wordpress/megafactories-event-wordpress.jpg?_i=AA)
EV battery arms race enters new gear with 115 megafactories, Europe sees most rapid growth | Benchmark Mineral Intelligence
![Simon Moores on Twitter: "Europe has 16 EV battery megafactories / gigafactory in the pipeline to 2029. Yet, only 3 are active now 🇬🇧 @ 1.9GWh 🇭🇺 @ 10GWh 🇵🇱 @ 19GWh Simon Moores on Twitter: "Europe has 16 EV battery megafactories / gigafactory in the pipeline to 2029. Yet, only 3 are active now 🇬🇧 @ 1.9GWh 🇭🇺 @ 10GWh 🇵🇱 @ 19GWh](https://pbs.twimg.com/media/EXuuls2XQAADN3m.jpg:large)
Simon Moores on Twitter: "Europe has 16 EV battery megafactories / gigafactory in the pipeline to 2029. Yet, only 3 are active now 🇬🇧 @ 1.9GWh 🇭🇺 @ 10GWh 🇵🇱 @ 19GWh
Benchmark Minerals: Europe's EV gigafactory capacity pipeline to grow 6-fold to 789.2 GWh to 2030 - Green Car Congress
![RIP ICE': Hybrids and battery electric vehicles owned 32.2% of the European market in Q1 - Stockhead RIP ICE': Hybrids and battery electric vehicles owned 32.2% of the European market in Q1 - Stockhead](https://stockhead.com.au/wp-content/uploads/2021/04/battery-stocks.jpg)
RIP ICE': Hybrids and battery electric vehicles owned 32.2% of the European market in Q1 - Stockhead
![Dundee named as 'preferred' site for battery production megafactory creating over 200 jobs | STV News Dundee named as 'preferred' site for battery production megafactory creating over 200 jobs | STV News](https://news.stv.tv/wp-content/uploads/2022/07/996761cb68453b14915e325e97135dc2-1659003624.jpg)
Dundee named as 'preferred' site for battery production megafactory creating over 200 jobs | STV News
![Moores' Law: The Rise of Lithium Ion Battery Megafactories and What it Means for Critical Mineral Resource Supply | American Resources Policy NetworkAmerican Resources Policy Network Moores' Law: The Rise of Lithium Ion Battery Megafactories and What it Means for Critical Mineral Resource Supply | American Resources Policy NetworkAmerican Resources Policy Network](http://americanresources.org/wp-content/uploads/2017/10/img_0037.jpg)
Moores' Law: The Rise of Lithium Ion Battery Megafactories and What it Means for Critical Mineral Resource Supply | American Resources Policy NetworkAmerican Resources Policy Network
![Tesla announces Megapack stationary battery factory, eyes 2.3 TWh production in master plan – pv magazine USA Tesla announces Megapack stationary battery factory, eyes 2.3 TWh production in master plan – pv magazine USA](https://pv-magazine-usa.com/wp-content/uploads/sites/2/2023/04/TeslaMegafactory.image_.1-scaled.jpg)
Tesla announces Megapack stationary battery factory, eyes 2.3 TWh production in master plan – pv magazine USA
![Simon Moores on X: "We are now at 68 lithium ion battery megafactories in the pipeline. Totalling 1.45TWh / 1,450GWh. This could make 22m EVs a year by 2028. @benchmarkmin data. Slide Simon Moores on X: "We are now at 68 lithium ion battery megafactories in the pipeline. Totalling 1.45TWh / 1,450GWh. This could make 22m EVs a year by 2028. @benchmarkmin data. Slide](https://pbs.twimg.com/media/DwvN3eXXcAABx39.jpg:large)