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