Giga Factories and Battery Companies

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Magnus Bekker
• 2nd
Manganese Analyst & Independent Consultant - providing bespoke advisory services regarding Manganese in Energy Storage sector.Manganese Analyst & Independent Consultant - providing bespoke advisory services regarding Manganese in Energy Storage sector.
13h •

In the space of 8 months last year, one of #CATL’s suppliers has built a #Gigafactory, ready to produce 110,000mt of #LMFP material per annum.

They plan to increase production up to 550,000 mt of LMFP, per annum, by 2025,
which overshadows their planned production capacity of #LFP of only (?) 345,000 mt annually. (currently 265,000mt LFP capacity)

This confirms the future production of cheaper and safer #EVbatteries, from abundant materials, especially CATL en route to 800 GWh by 2028.
Expectations are that up to 80% of US battery supply will involve Asian battery makers.
They are the hands that rock the EV cradle.

Awesome for #MANGANESE #mineralprocessing companies who will produce the required products in time.

My new logo below... what do you think?

https://www.linkedin.com/feed/update/urn:li:activity:7052078363414302720/