In 2020, Fitch Solutions analysts recorded 37 manufacturing projects for EV batteries and related components and materials worth $21.04 billion, for those projects disclosing financial details. The projects range from the production of battery cells and packs themselves, to anode materials and battery trays, and give an idea of which regions are most active in developing a localised supply chain and which countries are the biggest beneficiaries within those regions. Western Europe claimed both the biggest number of projects with 17, and…
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