Your not wrong LFP is going to eat away at a significantly large piece of the pie.
Back when I first invested in Qpm in early 2020 no one was predicting LFP to become as dominant as it has.
However, people also underestimated the amount of EVs which would be built and from memory what they were estimating to hit in 2025 we hit in 2022. Imo this was primarily due to LFP.
If Tesla actually gets these 4680 cells into mass production we could see cost per kwh drop into the $50/$60 range which would continue to give nickel chemistries the advantage in high end vehicles.
Also with technologies like HPAL/ DNi imo we will see the price of nickel dropping which again makes the batteries more cost competitive against LFP. (The pump patrol doesn't want to here anything about low cost Nickel) but it could actually be considered an advantage if it stops other chemistries replacing nickel.
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