"approximately a quarter of the vehicles we deliver in 2025 will be powered by electricity"
Well well... In 2018, the VW group sold about 11 million vehicles.
2025?
Let's keep it simple and say 12 million.
That means about 3 million EVs to be sold by the VW group in 2025.
That equates to somewhere around 150,000 tonnes of LCE. In 2025 alone.
That's quite a lot.
I doubt Ganfeng can supply all that for that one year, especially seeing they have some supply agreements with other companies also..?!
Where will all the lithium come from?
I guess they'll just go to the big pile where all the oversupply will be stored...
Lol.
It's getting interesting folks....
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