Australia is the world's largest lithium supplier and currently plans to set up factories to expand production in order to avoid being too dependent on China.

(Bloomberg file photo)

[Financial Channel/Comprehensive Report] Australian battery manufacturer Recharge plans to spend 300 million Australian dollars (approximately NT$6.35 billion) to build a factory to produce lithium batteries that do not contain Chinese materials, further completing the "de-sinification".

Collard (David A. Collard), founder of Recharge, said that the company aims to open a factory in Geelong, Australia, in the second half of this year and start producing lithium batteries by the end of 2024, Bloomberg reported.

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Collard said the plant initially targeted 2GW of annual production capacity, with an eventual goal of reaching 30GW, while signing sales agreements with energy storage projects in India.

Australia is the world's largest supplier of lithium, the raw material for car batteries, which sends most of the battery raw material it produces to China for processing.

According to statistics from Bloomberg New Energy Finance (BNEF), China currently has a battery manufacturing capacity of 1,000GW, accounting for more than 80% of the world's total.

At present, countries including the United States, Australia and India are working hard to expand their clean energy manufacturing capabilities to help reduce the use of fossil fuels, reduce imports from China, and reduce dependence on China.

U.S. President Joe Biden enacted the Reducing Inflation Act (IRA) last year, covering taxation, clean energy, including generous incentives for solar energy, batteries and electric vehicle manufacturing, which successfully triggered a wave of "factory opening" in the United States.

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