RE:Graphex Technologies Announces LOI with Gratomic *TBD*We all need to manage our expectations of Grat and the EV market....
https://www.businessinsider.com/ford-delays-ev-manufacturing-investment-cars-too-expensive-2023-10#:~:text=Ford%20has%20postponed%20%2412%20billion,investment%20and%20abandoning%20manufacturing%20targets.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/batteries-evs-to-use-silicon-solid-state-for-next-generation-batteries-75864189
Ford has postponed $12 billion in spending on EV manufacturing capacity.
The company has warned that electric vehicles are too expensive and that demand is slowing.
Other automakers are also cutting investment and abandoning manufacturing targets.
Ford had already announced that it would abandon its target of building two million EVs by 2026, and its latest move comes as
auto companies take an increasingly cautious tone on the future of electric vehicles. Ford's executive chair Bill Ford said that high prices were the main reason why Ford was slowing EV production.
"Electric vehicles are expensive," he said. "We know prices will come down, and as that happens, we will have a bigger ramp-up of EVs."
So, the million dollar questions are....when will prices start to come down, and how soon will silicon actually replace graphite in EV batteries if it does?
Graphite is used in the many applications, natural and synthetic graphite are used for electrodes, refractories, batteries and lubricants and by foundries. Coated spherical graphite is used to manufacture the anode in lithium-ion batteries. High-grade graphite is also used in fuel cells, semiconductors, LEDs and nuclear reactors.
So Grat may be just fine but time will tell.