McKinsey On EV Batteries -- September 4, 2020

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From McKinsey: improving battery-electric-vehicle profitability through reduced structural costs.

This is a very, very long article. I won't add anything from the article at this point, except two takeaways for me:

• with advances in BEV technology, the battery market will likely reach $100 billion in size by 2025, while the e-drive market will likely reach $30 billion; and,
• BEV profitability will continue to face headwinds from high e-drive and battery costs, as well as the need for high investments at a time when sales volumes remain challenged.

As an investor, huge insights. I remember the apocryphal story that most gold miners in "The Great Gold Rush" did not make money. Those who provided the blue jeans, picks and shovels made the "big money." In fact, the latter are still around; the former, not so much.