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You mean being the undisputed king of the hill in terms of online battery production manufacturing capacity in a market that right now seems to have an unlimite
by jillesvangurp 4y ago
You mean being the undisputed king of the hill in terms of online battery production manufacturing capacity in a market that right now seems to have an unlimited demand for batteries? They are building new factories as fast as they can with a head-start on everybody else and they seem to be getting really good at it.
VW is planning to be where Tesla is this year in about five years in terms of GWH per year. Tesla is moving really aggressively in terms of new production capacity, partnerships with Panasonic and others, and strategic investments in supply chains as well as expansion into other applications for batteries (e.g. supporting the grid). I'd say, it will be a while before anybody catches up in terms of volume and economics. It's going to require more than what VW is investing right now. And I think they will invest quite aggressively. This isn't their last move; just the latest one.