OTCQX:NTTHF - Post by User
Comment by
superscepticon Jul 05, 2019 11:31am
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Post# 29889683
RE:Meanwhile
RE:MeanwhileThanks for the links.
Akasol builds relatively small factory, 400MW, but on the bottom of the page, link to another article
https://www.pv-magazine.com/2019/06/12/indias-lithium-gigafactory-ambition-raised-to-50-gw-tender-likely-soon/?utm_source=Bibblio&utm_campaign=Internal
This monster is 125 times (!!!) larger than Detroit's factory signaling that India joins the race and GF is expected to be completed by 2022, 5GW was announced earlier. India plans for 2030 is 300GW, which is equivalent of 6 Teslas Gigafactory's 1 present production rate.
In simple terms, by 2030, this populous, but poor developing country plans to produce 35% more batteries than entire World in 2018.
2030 is far away, but it won't happen overnight. Most see present overuspply and expect that miners will casually keep up with the speed.
Greenbushes and SQM aleady were there and their expansions are "low hanging fruits", after that, some jumps will be needed.