It is very interesting article, WB-DT. I think he is talking about LAC, because he mentions construction and not production, then his time-frame is about correct. Note those lines below, hmm: 

“…Also, by 2024 there should be a single standard EV battery announced which every manufacturer must follow, which will cause the EV battery market to expand even faster,” he added. …   Lithium ion battery is eco-friendly as it can be fully recycled or used as electricity storage in power stations when its efficiency drops to 70 per cent. It will help generate battery recycling business and other battery related businesses,” he added.