Time for deals now, page-39

2018 global power batteries were just 106GWh (China 65GWh). That's why rushed WA producers are struggling.

China's total power battery projects in the first half of the year exceeded 190 billion (USD$26.6B)
2019-09-03 15:54 Cable networkword

According to incomplete statistics, in the first half of 2019, there were 24 new power plants and proposed projects, with an investment of over RMB 190 billion and a production capacity of over 340 Gwh.



In 2019, although China's new energy auto industry faced adverse effects such as subsidies, the power battery manufacturers' confidence in the future development of new energy auto industry has not decreased. One after another, the power battery project was put on the agenda. According to incomplete statistics, in the first half of 2019, there were 24 new power battery projects and proposed projects, with an investment of over RMB 190 billion and a production capacity of over 340 Gwh.


All lithium stocks are depending on Electric Vehicle Revolution.
It would be tough for producers short term. The another 'strange' facts, global carmarkers are struggling to get quality lithium batteries.

From International Energy Agency:
‘In 2030, in the New Policies Scenario, which includes the impact of announced policy ambitions, global electric car sales reach 23 millionand the stock exceeds 130 million vehicles (excluding two/three-wheelers). In the EV30@30Scenario, which accounts for the pledges of the EVI EV30@30 Campaign to reach 30% market share for electric vehicles (EVs) by 2030 (excluding two/three-wheelers), EV sales reach 43 million and the stock is more than 250 million.’

Scenario 1: 2030 reach 23m electric vehicle sales, would require 1.15Mt LCE
Scenario 2: 2030 reach 43m electric vehicle sales, would require 2.15Mt LCE

(Assumption: 1M electric vehicles require 50Kt LCE. It’s likely to require more lithium as range increases and solid state batteries would require much more to come after 2025)

https://www.iea.org/publications/reports/globalevoutlook2019/


BloombergNEF:

2030: annual electric vehicle sales (excluding medium & heavy commercial vehicles): 28m units, would require 1.4Mt LCE,
2040: annual electric vehicle sales (excluding medium & heavy commercial vehicles): 56m units, would require 2.8Mt LCE.

By 2040, BloombergNEF expects 500 million passenger EVs on the road and over 40 million commercial EVs.