#China Is About to Bury #ElonMusk in Batteries

#Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report  published this week by #Bloomberg Intelligence. That’s enough to supply batteries for around 1.5 million #Tesla Model S vehicles or 13.7 million #Toyota Prius Plug-in Hybrids per year, according to Bloomberg New Energy Finance.

Read more at: https://www.bloomberg.com/news/articles/2017-06-28/china-is-about-to-bury-elon-musk-in-batteries

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