News Globally starter battery production will be 40% higher than demand in 2021
Globally starter battery production is expected to soon exceed the market demand of about 40%, which in turn caused huge price pressure on the industry. Starter battery production is growing at a rate much faster than demand, leading to falling prices. Producers must reduce production costs. In the transition to future plants by improving plant structure, plant digitization, and plant processes, battery manufacturers can reduce the cost of battery packs by about 20% per million KWH. Battery production costs other […]
