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29/07/20
13:48
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Originally posted by GCar
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But, we ideally need a few hundred million to more rapidly progress SDV straight to 25ktpa battery grade product, and it would be "nice" if a partner came on board at a reasonable "rate", appropriately factoring in the pending shortfall of supply and higher prices that will inevitably result. I think the article quite nicely describes the current situation, whereby the downstream end (and other funding sources) are too focussed on prices etc today, and not looking forward with much effort at all...
IMO it would be great to get a partner to build 25ktpa capacity asap, then self-fund expansion to 50 or 75ktpa as the revenue starts building...
Foresight and calculated risk is what saw Elon's wealth surpass Buffet's recently btw!!
In the meantime.... we wait....
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I’ll vote for POSCO, as a potential partner, they appear to be trustworthy, based on past dealings and may be considered to be a win/win for both teams! (Galaxy and POSCO)