Gigafactory pipeline contraction could signal Chinese battery consolidation
:format(auto):focal(center))
The battery pipeline capacity fell 1.94% month-on-month in March, the biggest net decline since Benchmark launched its formal assessment in 2018. The drop reflects lower investment and may indicate that China’s competitive cell industry is about to undergo consolidation. Based on satellite image analyses, Benchmark removed assets from its gigafactory database that no longer appeared […]