Lithium ion batteries currently power everything from laptops to electric cars, and Russia and China are gearing up to dominate the industry by launching the world’s largest Li-ion battery plant. Planned for Novobirsk, Russia, the facility will be a joint venture between Chinese firm Thunder Sky and RUSNANO (a Russian state-run corporation) and it will be able to produce up to 500,000 batteries (of all sizes) per year.

The collaborative facility, named Liotech, will have an area exceeding 40,000 square feet – making it the largest lithium-ion battery factory in the world. It will be able to produce big automotive and bus batteries as well as batteries for smaller gadgets and emergency power supplies.