Running discussion on SP, page-60394

Lithium-ion batteries, in general, they’re becoming cheaper.

I know the price is going up now, but they’re becoming cheaper in the trend, lower cost to make.

They’re at the same time becoming better.

Lithium-ion batteries are now probably three times better than they were in 2015.

The third thing is they’re becoming abundant through these gigafactories.

So all of those three things combined in this trend that’s underpinning not just EVs, but really the energy-storage revolution and everything we’re trying to do for climate change.

I think people only now are starting to realize how important the humble lithium-ion battery is, really.

You’ve got to ride out the volatility.

Long term, it will be fine.

The price will be fine.

There’s no geological shortage.

Lithium-ion battery powered EVs will dominate the world.


*To remind,

Toyota builds its first-ever wholly owned battery plant

Located in North Carolina, the $1.29 billion plant is a major step in its $13.5 billion battery push over the next decade.

Another week, another billion-dollar battery plant announced in the US.

Toyota plans to spend $1.29 billion to build an EV battery facility in North Carolina—the first controlled solely by the Japanese automaker rather than a joint venture with a battery company.

In October, Toyota announced it would invest $3.4 billion on automotive battery development and production in the US over the next 10 years.

That figure is part of the $13.5 billion the company plans to spend on batteries globally as it aims to produce 200 gigawatt hours of batteries and sell 2 million electric cars per year by 2030.

Toyota hopes to have 10 battery production lines open at new battery facilities around the world by 2025.

Those will include four lines at the North Carolina plant, which the company says will be able to build enough lithium-ion battery packs for 800,000 EVs annually when it begins production in 2025.

Toyota plans to eventually add two additional production lines and increase the plant’s capacity to supply batteries to 1.2 million EVs per year.

Toyota plans to sell 70 electrified vehicles by 2025, but only 15 models will be BEVs.

By then, GM says it will offer 30 BEVs.

States like Alabama, Georgia, Kentucky, and Tennessee have become popular for new facilities supporting the EV supply chain.

GM plans to open a $2.3 billion battery plant in Tennessee in 2023.

Ford and South Korean battery maker SK Innovation are building three battery plants and an electric-truck assembly facility in Tennessee and Kentucky.

SK Innovation opened a separate battery plant in Georgia this year.