Kanish Chugh

If you take it back a step and you go, well, the entire battery market in 2017

valued about 110 billion US dollars.

Now, the lithium battery market in 2019 was about 36, 37 billion US dollars.

If you look forward by, you know, sort of 2027, for example, we're expected to be, the total battery market will be about 310 billion US

And the lithium battery, so the lithium portion of that, will be about $130 billion.

So the total battery market, that's running at about a 14% compounded annual growth rate, and the lithium is running at about an 18% compounded annual growth rate from 2020 to 2027.

That may actually be less than what it will end up because simply being this big push that we've currently got at the moment towards the

sort of green solutions, green projects, especially with Biden coming in as well and his big focus of trying to revolutionise this entire industry as well.

So I guess lithium ion batteries, they have the highest charge density.

Essentially what that means is they give you a ton of energy without being very heavy.

So that's really what it comes down to.

So when you're talking about carrying your phone, you don't want your phone to be weighing one kilo, for example.

That's not going to make it portable.

When you're driving a vehicle, you want it to have the most power and the longest storage of energy.

So I've never driven a Tesla myself before.

but from watching, you know, Top Gear and et cetera and from seeing people that, you know, drive a Tesla and say that that ludicrous mode where some of the Teslas now can do sort of zero to 100 kilometres in sort of sub three seconds, which is extremely fast, that sort of Formula One sort of speeds, that is really only possible from the use of a lithium battery.

So it can provide that real big source of power

But now as the technology is improving, you can actually have a Tesla at the moment where you don't need to charge it every day.

It can run for sort of 300 miles, for example.

275 miles, I think, is the capacity, depending upon the type of Tesla you get and the long range, et cetera.