Media Watch - NVX related, page-6900

Its over, China makes 74% all batteries, USA 8%. I would not want to be a legacy car maker now, EVs are going exponential, and China
has the lead, like iphones 3 to 5 years max.

At least they need graphite, and lots of it, exponential amts, can Nvx scale exponentially.

Lithium iron phosphate battery by CATL claims to be 12% better than Tesla battery. Charges 80% in 10 minutes, will be half the cost
of other lithium batteries with cobalt.

CATL's new battery, called Qilin, will boost volume utilisation rate to 72%, the world's highest, versus 50% for its first generation launched in 2019, the firm said, and increase the battery system's energy density to 255 Wh/kg.

But the firm did not say if any electric vehicle maker had placed orders for the new battery.

CATL, which supplies batteries supplier to automakers such as Tesla, Volkswagen, BMW and Nio suffered a fall of 24% in first-quarter net profit, hit by soaring metal costs.

Can buy a BYD car for under 50k, and BYD has 1500 cars coming monthly to Australia.

China’s electric vehicle maker BYD is growing sales at such a furious pace that it is closing on FAW-Volkswagen to become the top carmaker in the country.

BYD, backed by Warren Buffett’s Berkshire Hathaway, grew sales by almost 257% year-on-year in May to 113,768 units as the nation’s shift away from combustion engine vehicles accelerated. That was despite swingeing Covid lockdowns that caused substantial supply chain constraints across the country.

By comparison, FAW-Volkswagen sold 150,009 cars, data compiled by the China Passenger Car Association (CPCA) showed. Overall car sales dropped almost 12% in May while new energy vehicle sales soared more than 91%.

BYD’s sales surged almost 350% to more than half a million during the first five months, more than its top four EV rivals

CATL sold the equivalent of 41.5 GWh of batteries in the first four months, more than double the sales of second-placed LG Energy Solution (373220.KS), Seoul-based SNE Research says.

As it ramps up overseas expansion, CATL is in the final stages of vetting sites in the United States to build electric vehicle batteries, Reuters has reported.