sroyleVW only committing $50 billion to batteries alone....i...

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SteveSage

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29/11/18

10:10

Post #: 36683186
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Originally posted by sroyle: ↑

Didn't take long for SK Innovation to commit to US cell production after Volkswagen deal for North America inked a week or so ago.

SK Innovation to build $1.1 bn EV battery plant in US https://pulsenews.co.kr/view.php?year=2018&no=741319
"South Korea’s SK Innovation Co. will invest 1.14 trillion won ($1.1 billion) to build manufacturing facilities for electric vehicle batteries in the United States as it accelerates its campaign to go global and scale up..."SK Innovation recently was selected as a strategic supplier of EV battery cells for European and North American markets by Volkswagen Group, joining the German carmaker’s ambitious roadmap to launch 80 new EV models and sell 3 million cars per year by 2025."..."To better serve its new client, SK’s factory is located only 240 kilometers away from Volkswagen’s U.S. production base in Tennessee."

New gigafactory close to VW's Chattanooga assembly plant with SKI producing energy dense NCM cells (nickel, cobalt, manganese). VW to decide on Chattanooga electric vehicle assembly by year's end
View attachment 1377015

No similar partnership for Imp3's $5m investment in NY, been a year since 1.2Gwh sales agreements with 'global groups' announced and production start recently pushed back to end Q3 2019.
You have to wonder, in a year when cobalt hit all time highs, why cobalt-free bone battery failed to attract anyone else?

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sroyle
VW only committing $50 billion to batteries alone....i guess MNS mgmt are waiting for some large & serious player to show commitment before they reveal their revolutionary battery technology that outperforms anything on the market at a fraction of the cost.

What a joke

MNS Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

4 Great analysis

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sroyleVW only committing $50 billion to batteries alone....i...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Sales growth pushes Lovisa's fortunes (and shares) upwards

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse