At Fitch Solutions, we monitor investments into gigafactory, or electric vehicle (EV) battery manufacturing plants, in order to track which regions and countries are best equipped to support EV manufacturers and the green transition. This piece serves to highlight some key trends that have emerged in our investment roundup, which we track every half of the year.

In our first half 2022 investment roundup of global gigafactory investments, we have identified 22 new projects that were either announced or inaugurated during this period. In total, we have tracked 10 investments in Europe, seven in Asia and seven in North America. The value of investments in first half 2022 reaches $29.0 billion, a 90.1 percent expansion from investments in first half 2021. The total capacity of projects also surpasses that from the previous half-year, with the total capacity reached 625.6 gigawatt hours (GWh) in first half 2022, compared with 273GWh in first half 2021.

Our data highlights a