Germany's car industry can't build its own batteries

[David99]

On a recent episode of 'Fully Charged' Robert mentions that there are currently 21 battery factories being built that each have similar capacity as the giga factory from Tesla. Pretty soon you will be able to get batteries from a variety of sources in large numbers.

 

[Kren]

This is not my definition of "exploding" on to the market. But definitely a pleasant annoucement from Audi. Audi unveils an electric SUV and it's taking deposits now

 

[mspohr]

On a recent episode of 'Fully Charged' Robert mentions that there are currently 21 battery factories being built that each have similar capacity as the giga factory from Tesla. Pretty soon you will be able to get batteries from a variety of sources in large numbers.

Yes, there are a lot of giant battery factories being built.
The problem is that auto manufacturers will have to pay a premium for these batteries. The advantage Tesla has is that they own the factory and benefit from the lowest cost batteries.
It's interesting that auto manufacturers have long realized the value of owning the core technologies and manufacturing factories for ICE engines and transmissions but seem to have lost this knowledge by contracting out batteries to third parties. They will always be at a price disadvantage to Tesla with batteries and batteries make up the majority of the cost of an EV.

 

[mspohr]

This is not my definition of "exploding" on to the market. But definitely a pleasant annoucement from Audi. Audi unveils an electric SUV and it's taking deposits now

It's a start but it's kind of "meh" compared to Tesla.
UBS says Audi's new electric car shows industry has a long way to go to catch Tesla