The great battery drive

Despite the low oil prices, electric cars are still a hot topic. Low oil prices mean that electric cars are not selling so well. Hybrids aren't selling very well either. But the global push toward electromagnetic drive is still getting huge investments.

Samsung SDI is investing in a large battery manufacturing plant in Hungary. LG Chem is building a plant in Poland. The Gigafactory can't make enough batteries now for Tesla, and the building isn't finished yet, so they are building as fast as they can to increase the Gigafactory output as quickly as possible.

Imagine when oil prices rise and BEVs get more popular again. The rush will be on to get current production up, and new more efficient batteries into production.