In order to meet its 2025 EV sales targets, Volkswagen needs 300 GWh of lithium-ion battery production,Tesla needs 350 GWh, Daimler needs 200 GWh and China needs at least 250 GWh.
In order to meet its 2025 EV sales targets, Volkswagen needs 300 gigawatt (GWh)hours of lithium-ion battery production, Tesla needs 350 GWh, Daimler needs 200 GWh and China needs at least 250 GWh. On top of that are all the other automobile manufacturers plus the grid storage market.
For automobile manufacturers to execute their business plans, these figures translate into a requirement to invest billions of dollars in multiple new graphite mines and upgrading facilities. Graphite requires the largest production increase of all the battery minerals, and almost all of it currently comes from China.