Nano One Materials Corp T.NANO

Good luck competing with $56/kWh...even with tariffs

[Lawisfun]

The Electric: China’s Iron-Based Batteries Are Even Cheaper Than We Thought

https://www.theinformation.com/articles/the-electric-chinas-iron-based-batteries-are-even-cheaper-than-we-thought


North American LFP producers will not be able to compete with China based on price alone anytime soon.  Even with massive massive tariffs, $56/kWh is just impossible to compete with.  

So who do you think the rest of the world (aside from the West) will buy their EVs and BESS from?  China (which they can afford) or North America?

Think India, Russia, Middle East, Africa, etc.  These people are the global market and trust me, they do not care about ESG which is all that One Pot can offer.  One Pot cannot compete on price at these levels.  

[Lawisfun]

*Correction, $47/kWh!!!!!!!!!!   Time to waive the white flag...

[Lawisfun]

Steve LeVine on X: "A US battery developer told me that if $56/kWh LFP ever reaches the US, American stationary battery makers “will be toast—everyone.” We report today that the price in China is now $47/kWh. The Electric. https://t.co/rhA3Sk46Yy" / X I recounted to Stoikou a recent meeting I had with a U.S. battery developer who told me that if $56/kWh LFP ever reached the U.S

[Lawisfun]

The one saving grace is that Nano One can sell their IP and One Pot process to the Chinese.  Take the $3 and run back home to safety.  And next time, do not try and compete with the Chinese.