Elon Musk’s electric car company Tesla is expanding in China as it builds a new factory to make its large-scale batteries. The plant in Shanghai will be able to produce 10,000 of its “Megapack” energy storage units a year. “Tesla opening Megapack factory in Shanghai to supplement output of Megapack factory in California” Mr. Musk stated.
The future of renewable energy relies on large-scale energy storage. Megapack is a powerful battery that provides energy storage and support, helping to stabilize the grid and prevent outages. By strengthening our sustainable energy infrastructure, we can create a cleaner grid that protects our communities and the environment.
According to CATL, the world’s largest battery manufacturer is starting production of its M3P batteries, which are 15 per cent more energy dense than Lithium Iron Phosphate batteries, company claims that batteries will perform better and cost less than nickel and cobalt-based batteries.
CATL is a global leader of new energy innovative technologies, committed to providing premier solutions and services for new energy applications worldwide.
Chairman Zeng Yuqun announced that it was working on the new battery. The increased energy density now at (210 kWh/kg) will enable EVs like the Tesla Model 3 to get a range of around 700 km with a similar sized battery pack to the existing LFP batteries CATL currently supplies Tesla.
MP3 is still a lithium phosphate battery. M3P battery is an improved version of the LFP chemistry where the iron is replaced with a mix of magnesium, zinc, and aluminium. MP3 is a lithium phosphate base battery. The magnesium, zinc, and aluminium mix increases substantially the battery’s energy density while keeping costs low.
Albanian Minerals CEO Sahit Muja in New York said Demand for minerals used in batterie could open up great opportunity for mining industry. Magnesium is building blocks for the future. Albanian Minerals is working with the best scientist’s and teams globally to utilize over 100 billion tons of green high quality magnesium, the world’s largest magnesium resource. This is great news in battery industry”.
Sahit Muja added that; Substantial investments are expected on green batteries, energy storage, auto and mobility market ,wind power, solar, hydro power and green hydrogen on a scale that we have never seen before huge demand for metals and minerals used in hose industries are expected on this green transition. Albanian Minerals mission is to create a better green future for all the people in this world. As we pursue this mission, we’re guided by our principles that ensure to make this world a better place for future generations to come.
“Magnesium is an ideal material : The weight reduction of all industrial products is of high importance, magnesium alloys are the lightest structural alloys” Sahit Muja said.
Sahit Muja said “We are committed to protecting well being of people and our planet. Albanian Minerals , partners and sister companies has taken bold climate action by minimizing our footprint, championing renewable energy, restoring water resources, engaging our scientists and supporting climate innovations’. We are cultivate education to save and boost energy and water efficiency in our mining operations”.
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