Battery Manufacturing

“If you can imagine the complexity of battery manufacturing, it is not one factory. It is 18 mini factories doing separate things to build, to end up with a battery, all of which have to be choreographed and perfectly timed with each other to make it work and t…”

“When you have three X Battery like manufacturing capacity relative to total demands in the global market, which is where we are where we were in 2023, you kind of expect there to be some shakeup because not every company is able to ramp up a gigawatt hour fact…”

“We've added up Roughly speaking about a terawatt hour's worth of new battery manufacturing capacity that's really credible and under development in the U.S. Today. And by that, I mean a terawatt hour's worth of battery capacity of annual battery production... …”

“Many of the promises from the Obama era, ah, a million EVs on the roads by 2015, ah, owning 40% of the world's battery manufacturing, creating a million new manufacturing jobs, they just didn't materialize as expected.”

“We expect over 600 gigawatt hours worth of battery manufacturing to onshore in North America Over the next decade.”

“That is going to transform the market for EVs and for all batteries. If you are paid by the kilowatt hours produced, I mean, companies are already starting to move their operations to the U.S., this will completely transform it, and I think we will become a gl…”

“Energy use drives cost and this is a really competitive business, so there's a huge incentive for squeezing the energy out of battery manufacturing because people want to squeeze the cost out.”