The plant will begin operations in 2027 and is expected to have an annual production capacity of 50,000 tonnes of battery-grade lithium chemicals, which is enough lithium to provide batteries for one million EV car batteries, according to the company.
Supermaterials trailblazer Lyten will invest over $1 billion to build the world’s first lithium-sulfur battery gigafactory in Reno, Nevada. The new factory will be capable of producing up to 10 gigawatt-hours (GWh) of batteries annually once it’s fully online. Phase 1 (rendering pictured above) is set to go live in 2027.
Up to 60 per cent of new car sales by 2030 will use lithium-ion batteries. The battery of a Tesla Model S, for example, currently uses around 12 kg of lithium. However, the boom in EV car building means manufacturers are reliant on East Asia, including China, where 89 per cent of the world’s lithium is currently refined.
SAN JOSE, Calif., and RENO, Nev., Oct. 15, 2024 – (BUSINESS WIRE) – Lyten, the supermaterial applications company and global leader in Lithium-Sulfur batteries, today announced plans to invest more than $1 billion to build the world’s first Lithium-Sulfur battery gigafactory.
The UK is building Europe’s first and largest lithium refinery to produce the much-sought-after material. Demand for the ore metal has skyrocketed in recent years as the world doubles down on the transition to renewables. Lithium is a key component in the manufacturing of electric vehicle (EV) batteries.
Since beginning production at Gigafactory Nevada in 2017, Tesla has produced more than 7.3 billion battery cells and 1.5 million battery packs, which provide about 39 GWh capacity annually, according to Panasonic.