Yeah as the article you shared admits it's hard to get anything...

Yeah as the article you shared admits it's hard to get anything very definitive about the exact production capacity since they don't post it on their sites or announce it anywhere outside of Chinese firewalls. Just remember that CATL is a source of Chinese government pride so they will want to hold onto the #1 spot, even if only in perception.

Either ways even if we went with the generous estimate of 110 GWh for a $250b USD valuation of CATL, that would equal $2.27B/GWh which values IM3 at $4B for the current 1.8 GWh factory. That's not shabby at all. FP probably used the IEEE numbers to get to the $4-5B/GWh.

Of course this is an over-simplistic way to look at the future valuation, and we still have project risks to overcome to get there, but until there's financial modelling published, not a lot of other reliable price targetting frameworks.