Car Battery Makers’ Capacity Will Be Double Demand

do you remember Dr Emet Brown in his Delorean.... will here comes your first Gigawatt action since then...

Producers of electric-car batteries such as LG Chem Ltd. and Johnson Controls Inc. are building new plants at such a pace that capacity will grow to almost double automakers’ demand, a Bloomberg New Energy Finance report shows.

While manufacturers will have capacity to make 35 gigawatt hours of batteries by 2013, carmakers have committed to produce as many as 839,000 plug-in electric vehicles needing a total of 18 gigawatt-hours of storage, the London-based researcher said.

“The larger, mainly Asian, conglomerates can cope with limited demand and compete by lowering prices but smaller pure- play battery makers will be left vying for an increasingly limited number of supply contracts,” said Ali Izadi-Najafabadi, an energy technologies analyst at New Energy Finance.