Welcome to the "Dark Side" Johnno, where i might post a lot of

but it doesn't Stink like "The Crapper"
Now wrap your head around this JV between two Global Giants, as one of the Biggest Car makers of this World joins "Forces" with one of the Biggest Battery Manufacturers on the Planet, then there's Tesla to add to the EV equation, who we know are in Bed with our "Kitty CAT" the Biggest CAT on the Block
The mind Boggles at what could happen here any Day, Week, Month or Year as the EV Revolution unfolds before our Eyes atm, the way i see it, we are only in the 2nd "Real Year" of the EV Revolution, with a long way to go, we aren't even out of 1st gear yet imo
As,
Stellantis And LGES Announce 45+ GWh Gigafactory In Canada
Stellantis and LG Chem's LG Energy Solution officially announced an over $5 billion CAD ($4.1 billion USD) investment in a battery Gigafactory joint venture in Canada.
The two partners have signed definitive agreements.
The intention of a JV in North America was first revealed in October 2021, and earlier this month, rumors emerged about the location in Canada. LGES announced this week a $1.5 billion investment in 51% of the project, tentatively named "LGES-STLA JV".
The Stellantis-LGES joint venture will be the first large-scale lithium-ion battery cell and module production plant in Canada, with an annual production capacity in excess of 45 GWh.
As part of the investment, the partners will build an all-new battery manufacturing plant in Windsor, Ontario, Canada. Plant construction activities are scheduled to begin later this year, while the production is expected to start in Q1 2024 (within two years from now).
The location is crucial for the Stellantis' Windsor Assembly Plant, which is now expected to gradually launch high-volume plug-in vehicle production.
Let's recall that in 2020, the company announced EV-related investments at the site, including at least one new model based on a new multi-energy vehicle architecture.
Carlos Tavares, Stellantis CEO said:
“Our joint venture with LG Energy Solution is yet another stepping stone to achieving our aggressive electrification roadmap in the region aimed at hitting 50% of battery electric vehicle sales in the US and Canada by the end of the decade.
We are grateful to the Municipal, Provincial and Federal levels of government for their support and commitment to help position Canada as a North American leader in the production of electric vehicle batteries.”
Youngsoo Kwon, CEO of LG Energy Solution said:
“Through this joint venture, LG Energy Solution will be able to position itself as a critical player in building green energy value chains in the region. Creating a joint venture battery manufacturing company in Canada, recognized as one of the leading nations in renewable energy resources, is key for LG Energy Solution as we aim to power more electric vehicles around the world.”
Stellantis-LGES joint venture in Canada in brief:
- Investment: $5 billion CAD ($4.1 billion USD)
- Location: Windsor, Ontario, Canada
- Construction: scheduled to begin later this year (2022)
- Production: production operations planned to launch in the first quarter of 2024
- Type of batteries: lithium-ion battery cells and modules
- Capacity: in excess of 45 GWh/year
We don't just publish the breaking news of the day, but go behind it, create it, and most importantly, examine the how, what and why of electric vehicles.
insideevs.com
Elon Musk: Tesla Aims To Sell 20-Million EVs Annually By The Early 2030s
He admits that is an aggressive plan, but also believes it could still be feasible.
Tesla wants to maintain (and secure) its position as a global electric vehicle leader and according to its founder and CEO, it has big ambitions to sell even more cars than it is today.
The automaker is building factories around the world, with plans to build even more, and it seems the goal is to produce as many as 20-million EVs per year by 2030.
The company now operates some sixteen different facilities around the world, most of which either build cars or produce parts for them.
Most recently, the automaker recently delivered the first vehicles (Model Y crossovers) built at its new factory in Germany (known as Giga Berlin, the Berlin Gigafactory or Gigafactory 4).
Last year was the automaker’s best in terms of sales volume, since it was able to sell nearly one million vehicles - 936,172 to be precise - marking an almost 90 percent increase year-over-year compared to 2020 when the company just missed reaching the 500,000 sales mark; that was again a significant improvement over 2019 when 367,500 units were delivered.
The 20-million sales per annum by the early 2030s seems like a big number, but it is what Elon Musk stated on the sidelines of the first Giga Berlin deliveries. Automotive News quotes the Tesla CEO as saying,
I think it's aggressive, but not impossible, that we could do 20 million cars in 10 years. And that would be a good number because there's 2 billion cars and trucks in the world that are in active use, so 20 million would be then 1 percent of the global fleet per year.
Tesla will also expand its model roster by then - it will not keep building the same four models that it offers now.
In regard to this, Musk expects that
As we are able to ramp production and satisfy demand in our existing markets, then we will be able to expand to other markets and we will also add additional products.
The newly inaugurated production facility in Germany is expected to reach an output of 500,000 cars yearly by 2025 - this year it is expected to produce around 54,000 vehicles, then 280,000 in 2023 and the ramp-up will continue until 2025.
We don't just publish the breaking news of the day, but go behind it, create it, and most importantly, examine the how, what and why of electric vehicles.
insideevs.com
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Food for thought on the Road to Mining the Monsters of Manono Bro
Fingers Crossed ML drops any day / week now
Frank