Savings per EV are estimated to be $500 per battery/vehicle
Say cost of 1 litre is $100
EV manufacturer still saves $400 per vehicle
ADO can produce 20,000 litres per annum currently at $100 per litre sale vale = $2,000,000 in sales
Full facility at 80,000 litres per annum x $100 = $8,000,000 in sales
Based on current cash burn rate, full production and sales still appears insufficient without other product sales or higher per litre sales value
Ann: Company Update, page-23
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