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 UShttps://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
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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?
Who said they have failed? You? You, the wise graphite investor?
So you know who they are in talks with right now do you?
What would you say the time frame is for a startup battery producer to get into production? You have no clue. Neither do I but like sand through the hour glass the battery strategy is moving along nicely and it seems like what they have been working on for the last two years is about to become a reality. Other companies in the graphite space are either under investigation by the ATO or dropping logos from their presentations for inappropriate use. Some both.
(20min delay)
