Bosch considers €20-billion battery gigafactory
Automotive technology company Bosch believes that by 2030, half of the vehicles sold in the world will be electrified, i.e. powered at least partially by a battery-fed electric motor. The demand for battery cells will therefore increase to such an extent that even a €20-billion investment in a battery cell manufacturing facility would make perfectly good sense.
Bosch acquired a solid state developing company two years ago, indicating they believe this technology holds a strong potential – just like Toyota. It stands to reason that Bosch is considering to put its eggs in this basket rather than invest in lithium ion, which is believed to be replaced by solid state or other types of batteries over the next ten years.