RE:RE:RE:One vital statistic to track in 2023 You know.... I said the doubling of LFP marketshare from 2019 to 2022 was incondequential up to now. Actually, that is how we are sitting at .05 cents, with a loss of 85% of our value. I wouldn't call that inconsequatial.
If the carnage stops now, and all the major EV makers stick with more expensive Li-Ion batteries for the low-end entry models, great. It could stop now because the Chinese Market has reached saturation with 95% LFP market share (if I got that correct), so it's all about the US and Europe now.
What scares me though is the significant cost differential between LFP and Li-Ion, and the fact that we are transitioning to the low-end side of the market. On the other side though, the US is a fickle group.... who like muscle cars and such. Li-Ion may have home in the US for a number of more years if the US decides maximum range is a necessity (like big trucks). After all, America has 1/3 the population density of say the UK (as an example), so we always are driving further than others in other countries.
But as I started this thread.... I do think the market share of LFP in the near-term is something we all should keep eyes on.