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World battery demand to rise 33% to 890GWh in 2023: LGES

Leading lithium-ion batteries manufacturer LG Energy Solutions forecasts global battery market demand will rise by 33% year-on-year to 890GWh - and expects its own capacity to reach 300GWh by the end of the year.

Nathan Richardson
Along with EVs, LGES makes batteries for mobility, IT, and energy storage systems.

Along with EVs, LGES makes batteries for mobility, IT, and energy storage systems.

North America is the region forecast to lead the global expansion, with growth in the "mid-to-high" range of 60%, the South Korea-based company said. The European market's year-on-year percentage growth...

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