EV and battery thread, page-269

While all the talk is on EV sales, lets remind ourselves a little on storage. Looking just at Tesla, while others are also rapidly expanding.

In Q1 its BESS deployment increased by 4% year-over-year to 4,053 megawatt-hours (MWh) or 4.05 gigawatt-hours (GWh). 4 GWh of batteries is equivalent to 40,000 EV battery packs (100 kWh each). More realistically about 52,000 EV sales.

It has been growing at a very fast rate (recently constrained by output capacity)



However, recently that its second general assembly line is now commissioned at its Megafactory in Lathrop, California, supporting the target full capacity of 40 GWh annually. Using the same numbers as above, equivalent to about 520,000 EV sales.
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However, its Pudong plant Shanghai, is under construction with a plan to start production in Q1 2025. Also of 40GWh. So assuming a conservative ramp up, let's say in 2025, both plants combined give us 40GWh in 25 and 70GWh in 2026. That's good numbers, especially when considering the Chinese are also ramping up storage as well.

Along with my previous post on EV sales, green shots are appearing on the horizon. It is just a waiting game, and remember, big money will show up before the turnaround actually happens.