Been a lurker in the back ground on IGO for a fair while now. Rather than start a Battery specific thread which I could not see for IGO adding here.
batteries e- My theory is some more like failures British Volt mega factory are likely!! Many so called Giga factories DO NOT have secured supply chains or sales I hear which is some of my reasoning for buying in when others seem to be selling out
News I noted which may be of interest to some "Share Holders" I am not a day trader so this is not a pump and dump post.
"Volkswagen’s first North American gigafactory will be in Canada (msn.com)"
"The St. Thomas factory will be a joint venture between VW and Power Co, a new independent company created by the automaker to oversee its massive $20 billion battery initiatives. After starting construction on two other gigafactories, this will be the third plant worldwide and PowerCo’s first cell factory in North America. Production at the St. Thomas factory is set to kick off in 2027.
According to VW, the St. Thomas plant “will equip the Group brand’s BEVs in the region with cutting-edge battery cells.”,
....The St. Thomas factory will be a joint venture between VW and Power Co
In 2021, VW unveiled plans to build six battery cell production plants in Europe by 2030, including the facility in Salzgitter and one in Skelleftea, Sweden. A third plant is under construction in Valencia, Spain, and the fourth factory will be based in Eastern Europe. The plants will eventually have a production capacity of 240 gigawatt-hours a year."
It is not Solid State but the Quatumscape investment by VW is mentioned. I hold some Quatumscape again. It was wild SPAC ride for awhile
What the article also dumps in is
"The factory is also part of a host of new EV facilities that are expected to come online in the coming years. Globally, battery production is expected to grow from 95.3 gigawatt-hours (GWh) in 2020 to 410.5 GWh in 2024, according to GlobalData, a data and analytics company.
Ford has said its three new battery plants will enable 129 GWh a year of production capacity. General Motors is planning four new battery factories in the US for a total annual capacity of 140 GWh, while Stellantis is planning a new factory in Indiana, which will have an initial annual production capacity of 23 GWh."
They all add up to a LOT of batteries. I will be waiting the much better ones myself.
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