Global battery investments dip despite soaring need for energy storage

Chinese battery market reaching maturity is one cause of investment slowdown, while falling electric vehicle demand and rise of competing technologies are other factors

Tesla Megapack lithium-ion batteries.
Tesla Megapack lithium-ion batteries.Photo: Tesla
Published 5 August 2024, 12:23Updated 5 August 2024, 12:24
Rystad EnergyChinaAsia-PacificMarkets