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LG's 65/115GWh (online/planned) plant in Poland is the biggest battery factory in EU. But I believe the US surpassed the EU this year with the GM/LG's Ultium 2
by tooltalk 2y ago
LG's 65/115GWh (online/planned) plant in Poland is the biggest battery factory in EU.
But I believe the US surpassed the EU this year with the GM/LG's Ultium 2 factory. I have no doubt in my mind that the US battery manufacturing will become more competitive as they scale up and commoditize: GM for instance reported a 45% decline in battery cell cost YoY in 3Q 2023; followed by a sequential quarterly drop of $30/cell from the 1st 2024. With AMPC ($35/KWh), GM's per cell costs drops close to $80/KWh and is expected to fall further -- below $70/KWh in a couple of years.
Panasonic (NV): 40 GWh
Tesla (4680) : 9+?? GWh
GM/LG Ultium 1: 45 GWh (2022)
GM/LG Ultium 2: 45 GWh (2024)
SK Georgia : 21 GWh (2021)