A report published by Bloomberg Intelligence in June said factories planned by Chinese companies could have the capacity to produce more than 120 gigawatts an hour by 2021 – enough to supply 1.5 million Tesla Model S vehicles.
And a German consortium of companies led by Frankfurt-based start-up TerraE Holding GmbH is preparing to set up its own 34-watt-hour lithium-ion battery cell production facilities, touted as Germany's answer to the Gigafactory.