With huge growth expected in the EV/battery production market, manufacturers must start their project planning early, taking into account labor, energy, and supply chain needs.
Growth projections for the electric vehicle (EV) market are powerful. A Bloomberg New Energy Finance study reveals, “By 2025 electric vehicles (EVs) will reach 10 percent of global passenger vehicle sales, growing to 28 percent in 2030 and 58 percent by 2040.”
The typical project size for battery production and materials projects can exceed 1,000,000 square feet and cost from $500 million to more than $1 billion. This includes everything from various electrolyte blended cathode/anode chemical products to battery grade graphite and nickel, all of which must emerge to support the EV supply chain.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, with a vision of developing a world-leading benchmark flake graphite company.
