Samsung Invests $2.51 Billion into Car Battery Business, page-29

So @MikeGTR - significant article, and thanks for posting!

"The spree of investments into the car battery industry gaining more speed. Tesla Motors started the expansion with the announcement of Gigafactory, which plans to have higher capacity than all battery manufacturing facilities in the world – combined. In order to reach its ambitious goal, the footprint of Gigafactory was increased by massive 45%. Of the $5 billion required for the Gigafactory 1, Panasonic is investing $1.6 billion – but this was not the only investment of the Japanese battery giant. Furthermore, Chinese Build Your Dreams (BYD) plans to open a similar Gigafactory in mainland China. BYD’s economy of scale is nothing short of astounding, since this manufacturer plans to manufacture everything electric – electric buses, trucks and cars."

They all need out flake!

All the best

Gracie