Global Scans · Batteries · Weekly Summary

• [New] The introduction of a two-part tariff for battery storage will materially improve storage bankability, though we expect BESS capacity to fall short of Vietnam's ambitious PDP8 targets. Fitch Solutions
• [New] Battery manufacturing capacity is set to more than triple by 2030, while EV production capacity could rise more than tenfold, driven by strong industrial policy and increasing foreign investment, including from China. IEA
• [New] North America is expected to account for approximately 34% of global solid-state battery revenue share by 2035, supported by government incentives and robust R&D infrastructure. Persistence Market Research
• [New] In the U.S., EVs accounted for more than 11% of total new vehicle sales, with automakers including Tesla Inc., General Motors, and Ford committing a combined US$ 73 Bn toward establishing a regional battery manufacturing capacity of around 500 GWh by 2030. Persistence Market Research
• [New] Honda Group has postponed a planned Alliston EV assembly plant and battery facility until at least 2029, reflecting the deterioration in EV demand conditions. atradius
• [New] The African Development Bank has approved USD 66 million (EUR57.6m) in financing for the first phase of the Dandara project in southern Egypt, which will include 500 MW of solar and a 100-MWh battery energy storage system. Renewables Now
• [New] The solar Investment Tax Credit, the ITC, gives a 30% credit for qualifying rooftop solar and paired batteries for systems installed through 2032. Budget Heating and Air Conditioning Inc
• [New] While the OBBBA preserved the storage ITC through 2033, new Foreign Entity of Concern restrictions have accelerated battery supply chain diversification away from China, including toward Southeast Asian manufacturing capacity and domestic suppliers. Morningstar, Inc.
• [New] Chinese battery giant CATL has launched a partnership with Octopus to build more than 30 battery swapping stations for electric trucks in Europe by 2035, with the first battery-swapping hubs opening in the UK in 2027. We Mean Business Coalition
• [New] BloombergNEF forecasts growth in energy storage battery demand 27% higher than estimates made just one year earlier, attracting interest from numerous automotive manufacturers. E-TECH EUROPE 2026
• [New] Industry & Manufacturing - China's EV supply chain investments in Morocco exceeded $1.3 billion, strengthening Rabat's battery industry while increasing European concerns that Chinese manufacturers could bypass EU tariffs through Moroccan production. More News From NowHere
• [New] If the issues of dendrite formation and stability at lower temperatures can be resolved, replicated and scaled, SMBs could reshape the economics of battery deployment over the next decade. Live Science
• [New] Researchers in China have announced a radical sodium metal battery design that can fully charge in just four minutes and will retain its capacity for years of use. Live Science
• China's dominance in sensors, motors, battery cells, and rare-earth elements could expose the North Atlantic Treaty Organization to a serious wartime vulnerability. Hudson Institute
• Reuters details that global battery factory pipelines are projected to scale multiple times over by 2030 as global vehicle manufacturers commit $1.2 trillion toward dedicated production networks. Market Data Forecast
• A study shows lithium-ion battery pack prices averaging $108 per kilowatt-hour, with a broader industry drop below the $100 milestone anticipated by 2027 to establish cost parity with internal combustion engines. Market Data Forecast
• Growth in Li-ion battery sales in the coming decade will continue at a compound annual rate of about 30%, driven by EVs and energy storage systems to 4,000-4,500 gigawatt-hours by 2030. Global Market Insights Inc.
• Solid-state and semi-solid-state batteries are well positioned to be the breakthroughs that will help propel advanced battery technologies to the next level of global adoption. Cambridge Enertech
• The iPhone Ultra's 5,400-5,800 mAh battery will be the largest Apple has ever put in an iPhone, edging out the iPhone 17 Pro Max's ~5,088 mAh battery. Back Market
• Recent policy shifts, such as U.S. President Donald Trump's rollback of environmental commitments and green incentives, are expected to slow the adoption of battery electric vehicles, boosting the demand for platinum in traditional ICE vehicles. Sprott ETFs
• Hungary's battery manufacturing capacity could eventually reach about 250 gigawatt-hours annually, potentially supplying more than one-third of Europe's battery demand. China Daily Global
• The Morrisville Gigafactory is expected to play a critical role in expanding U.S. battery manufacturing capacity, supporting defence and industrial applications, and strengthening domestic supply chains. AZOM

Last updated: 19 July 2026