Episode 108: Adam Panayi

Adam Panayi is the Managing Director of UK based EV and Battery consultancy Rho Motion. The key to understanding the future direction of the lithium industry is understanding the growth of EVs and batteries as well understanding the developments in cathode chemistry and solid state. Shout outs to Benchmark Mineral Intelligence, Simon Moores and Roger Atkins.

In a little less than an hour we cover:

How Rho Motion collects and parses data aka “how the forecast sausage is made”

GWH projections for 2025 and 2030 – the driver of lithium demand

The methodology of predicting Gigafactory utilization

Stated Gigafactory capacity vs effective capacity

EV penetration by region

ESS – taking what batteries it can get (for now)

Gigafactory start-up reject rates (the dirty little secret of battery producers)

Warranties

Why after several EV “false starts” it is different this time

Cathode chemistry projections

Rapid fire