Electric vehicles - what does the future hold? · Page 28

And now…back to “The Future of EV’s”

Contemporary Amperex Technology Co. (CATL) announced that their new battery technology is ready to be “monetized” (read go into production for profit).

CATL is one of the largest makers of EV batteries - both NCA and LFP.

“Called M3P, the new batteries are said to be up to 15% more energy dense than LFP batteries, which would allow cars like the Tesla Model 3 to have a range in excess of 400 miles. Reuters reported last week that CATL is now ready to begin mass production of its M3P batteries. They will have greater energy density and perform better than lithium-iron phosphate (LFP) batteries and be less expensive than nickel- and cobalt-based batteries, Zeng Yuqun told an online investor briefing on Friday.”

The upshot here is cheaper, better batteries are entering production that weigh less and go farther.

HockeyDad
Herf-A-Holic

3 years ago

#543

China’s Contemporary Amperex Technology Company Ltd (CATL) was by far the largest supplier last year with global sales almost doubling to 191.6GWh and its market share rising from 33% in 2021 to 37%.

Brewha
Herf-A-Holic

3 years ago

#544

Ford is working with CATL to build a $3.5b plant in the US, which was to be for LFP batteries.
But now this may be for the new M3P - which could be a major advantage for Ford.

DrMaddVibe
Herf-A-Holic

3 years ago

#545

Ford is working with CATL to build a $3.5b plant in the US, which was to be for LFP batteries.
But now this may be for the new M3P - which could be a major advantage for Ford.

Brewha wrote:

"Ford will have lost $6 billion on EVs over three years but believes it can reach profit margins of 8% on EVs and 10% companywide by the end of 2026."

https://www.autonews.com/automakers-suppliers/ford-sees-3-billion-ev-loss-2023-while-ice-profits-grow

and this is with the guys they lauded away from Tesla????[frypan] [frypan] [frypan]

Brewha
Herf-A-Holic

3 years ago

#546

This of course is the fact that ford is investing heavily in EV’s and won’t see a return on their investment for a few years - Framed as dramatically as possible.

In fact, no car company shows a “profit” on the first few vehicles that roll off the line.

Edited by user 3 years ago | Reason: Not specified

frankj1
Herf-A-Holic

3 years ago

#547

so, then can we assume that the tears over child slave labor were a red herring(s)?

Phil Knight

HockeyDad
Herf-A-Holic

3 years ago

#548

so, then can we assume that the tears over child slave labor were a red herring(s)?

Phil Knight

frankj1 wrote:

BrewHa and Le HockeyDad have always not cared about child labor mining cobalt for our batteries. If we don’t abort them then children gotta work too. Not everyone in the world is privileged enough to have drag queen story time hour and become a social media influencer. I assume you are with us on this.

Edited by user 3 years ago | Reason: Not specified

DrMaddVibe
Herf-A-Holic

3 years ago

#549

so, then can we assume that the tears over child slave labor were a red herring(s)?

Phil Knight

frankj1 wrote:

You can deny the reality of it all you want. Hell, even on this thread there's post with videos of them actually mining minerals.

Don't forget to tip your waitstaff!

Brewha
Herf-A-Holic

3 years ago

#550

so, then can we assume that the tears over child slave labor were a red herring(s)?

Phil Knight

frankj1 wrote:

The red herring this to say that those children are being used because of batteries - if there were no batteries, they would have them slaving at something.

Brewha
Herf-A-Holic

3 years ago

#551

HockeyDad wrote:

You never mis a beat, do you?

HockeyDad
Herf-A-Holic

3 years ago

#552

The red herring this to say that those children are being used because of batteries - if there were no batteries, they would have them slaving at something.

Brewha wrote:

Exactly. Would you people rather those kids be mining cobalt or fishing for herring? I bet you that cobalt pays better. Maybe not better than blood diamonds but still better than picking soybeans. Now if they had herring and fished for salmon…that would be awesome.

The point is….this Democratic administration is creating jobs.

Edited by user 3 years ago | Reason: Not specified