BMW deal is sensitive but scale is small. 1 giga factory...

BMW deal is sensitive but scale is small.

1 giga factory requires 50,000 tons LCE, 10 - 20 giga factories will require 500,000t - 1 million tons LCE p.a. That’s why AVZ will become paramount, imo.



Quoting Sweden’s InnoEnergy SE, Šefčovič said that by 2025, the European battery market could be worth up to €250 billion. “Do we want to leave this to our global competitors?” he asked.

The vision is to establish between 10 and 20 giga factories, at a projected investment cost of around €20 billion.