From Mine to Line through End of Life, How Technology is Optimizing Battery Production [Yahoo! Finance]
Thermo Fisher Scientific Inc (TMO)
Last thermo fisher scientific inc earnings: 4/22 06:00 am
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Source: Yahoo! Finance
With electric vehicle (EV) sales expected to double from 2023 to 2027, reaching 31.6 million units, and shortages of cobalt and lithium expected through 2027, according to S&P Global Commodity Insights, innovation is necessary. There is a growing demand for batteries and the need to adhere to more sustainable manufacturing processes. In fact, according to McKinsey & Co., more than 5 terawatt hours (TWh) per year of gigafactory capacity will be required globally by 2030. Thus, battery manufacturers are under intense pressure to scale rapidly and sustainably without compromising product quality and reliability. COMMENTARY However, scaling up production at a rapid pace presents its own set of hurdles. This surge in demand coupled with stringent quality standards has paved the way for revolutionary advancements in battery production technology to help manufacturers tackle these challenges. Making affordable batteries that pack significant power, last longer, charge faster, and keep us
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TMO
Earnings
- 4/24/24 - Beat
TMO
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/3/24 - Form 10-Q
- TMO's page on the SEC website