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Title: major players and their expansion plans
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major players and their expansion plans

[Image: 2021-10-05t003002z_2_lynxmpeh9318e_rtrop...k=cSf5-Lom]

The global auto industry's shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing skills shortage. See main story:

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Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new vehicle sales, according to consulting firm Deloitte.

Here are major players' expansion plans in key EV markets of China, the United States and Europe.

CATL

As of end-June, the Chinese company has annual battery production capacity of 65.45 Gigawatt hours (GWh), and has an additional 92.5 GWh of capacity under construction.

The global industry leader by market share its clients include Volkswagen, General Motors, BMW >BMWG.DE> and Daimler as well as Chinese auto makers.

The company announced a plan in August to set up a production base in Shanghai, a move that will put it close to Tesla Inc's Chinese production base.
 
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