Thanks for clarifying. After reading their website I am impressed at their investors (SAAFT, Stellantis, Mercedes) and their rapid growth. Below is an extract from their website.
”It seems a long time ago, but it was only 2020 when we built our initial R&D Center in Bordeaux. Soon after, we built our Pilot Plant in Nersac. The first gigafactory is due to start operations in 2023 in the Hauts-de-France. Then next to come will be our second gigafactory in Germany in 2025 and a third gigafactory in Italy. Our production capacity will ramp-up until it will reach 120 GWh in 2030. That represents two million batteries annually”
Two million batteries annually is a lot. Imagine signing with ACC and saving them 598 USD per battery/vehicle. You do the math. Then all the IP technology advantages they would get that ADO have validated multiple times.
Looking forward to some more announcements.
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