sales headed U.S. sales. year record further some Europe, our there, I'd lithium for record and the bit mark XXXX. actually lithium and for and borrow XX% and first U.S. Patrick. record a conclude the a have believe reports are for demise like XXXX and are we on of with EV EV you, to out for sales; the the about globally: increase market million gloom pace a from doom record thoughts crossed while to has China, the Europe, sales Mark Despite sales; demand. strong To Twain, greatly some strategy. from And time Thank record funding X market's they behind China exaggerated. the market of another been are are year
a world's supported have huge Nearly milestones Bloomberg best-selling choices, expects These vehicle a mainstream begun for vehicle. of electric variety now Tesla's Model has year. to in EV volume. manufacturer Y of has type industry. of the growth the this every Consumers the become any are deliveries which
longer a that This remain vehicles and deployed, this includes a customers growth next the systems batteries XX% based led like with with battery to particularly gigawatt a on regularly in on combined and vehicles the total storage bullish which long where drive within increase range, U.S., distances. providers. has demand prefer the or OEMs data, now bar ESS, XX% want representing approximately growing We of cell People in size also the in chart, see nearly can and market growing. larger this energy You significant very are chart of rapidly. conversations our hours in
just And to but the China the now this several off. Europe take to up, EV revolution for ready led started getting and and we're years We've scrambling we're is in catch United States. sector, in really
billion require have Over in demand the of $XX of planned battery past alone. or U.S. capacity amount ours X mark. XXx the current nearly These expansions doesn't projects would U.S. lithium $XX years, hydroxide fill projects capacity, than worth more in near billion announced. the that been manufacturing to come anywhere the just including domestically currently and
recent There but about strategies these to lines, are market a new the the have deterioration related been weeks we and of long-term be shifting and announcements adjustments continue development not current investments in few time believe short-term dynamics announced. to
on Demand Just here, EV not some Toyota experience its electrification transportation it line The have Carolina, and last supply-demand adding Supply North most is surges. come manufacturing week straight cycles relief may not in billion will another down to lumps, its investment. lines. of battery temporary doubling tension follow $X announced Like again. smooth the path. and project will a then on would revolutions, shift and
we ramp projects come with inflation, stream look and to Slide in delays especially Canaccord borrow now but history development a prices. current or of and the than equity Now It's details say environment team. development to currently cost an industry on whether funding planned, we moment. your on expect higher supply our capital time for that many later the has dig own, delays. pipeline or to chart frames, lithium let's a the a lower rates into XX, safe or in permitting interest research due you Genuity's extended of from let at I'll story On the
some on Australian based business most the knowledgeable Next, this and Mineral in touch topic. occurring on on moves entrepreneurs. leading industry Hancock, of recent bullish. These recent are of may they U.S. Resources, appear I'd these Australia, the SQM, M&A folks M&A like current are mining so sector. in Albemarle, investors be activity Most in their as very to and is leaders this not the lithium
Just different the in for Resources, aggressive spodumene for producers, is feel around in folks X the the weeks, constructive moves past environment the Mineral we've lithium seen foreseeable these Hancock X and particularly consolidation in future. all sector. by Surely, spodumene,
touch how specifically, our to important want I of funding, on fund close, planning we are Before growth. the topic we to
a Piedmont Our strategy a while financial They is upstream DMS-only, will on business and here level be total basis, economic risk. being build Priority and with are see. require projects we execution have low-cost being capital. maintaining the significantly higher on more pursuing very a capital one tend of relative NAL to upside Downstream way capital modest to will strong a centers strength capital-efficient to brownfield different. invest operation the a of
our Our highly with plans shareholders these combining strategic U.S. are by supportive to the of partners. government derisk for funding capable support projects
for let cash Atlantic on We me position Sayona with shares little get today's start from presentation. a million and granular Slide and million our of about XX, Now $XX $XX more Lithium. slide financial strong final in a in
substantial generate NAL around gross we're expect at free prices, to our current cash offtake margin. agreement. Even flow XX% also at through a We
is with discussions next the for have development requirements be spodumene entities project we this process. government Our in likely various modest, the to assist with the capital and are Ghana, commenced Ewoyaa project to project
Finance Africa, that we projects helping to Ewoyaa believe fund child DFC, Development in is As in Corporation that the the More recent in an process. example, critical XXXX. Washington, for a experiences come poster has and on minerals to
a million important Energy last of of particular, by we to provisions manufacturing like and Lithium selected Department Carolina year of the an for infrastructure $XXX.X domestic grant Inflation tax some U.S. changer for lithium our the Separately, fortunate will Tennessee the Lithium. resources to Tennessee consideration via bipartisan game law, be were negotiation XXx For be projects, project. a projects our Reduction the producing larger within in Act, for the credit,
we've would evolved an to DOE to taken expected the the the for through the to ATVM have If for DOE's our loan the and plans awarded, have pursue a pivot parties project. Piedmont a of sector our significantly across away programs Tennessee larger strategic as has decided required loan plans from fresh the at engineering grant on the However, loan for the cover detailed ATVM with and to inflation grown, capital funding opportunity capital look share office. partner be project, equipment enhancing
application of We midst the Carolina ATVM well. Lithium for loan project an are also as currently process in the
With respect project to is as partnering, for financial there a at working This in interest might shareholders. could process the in take robust some pursuing we're advisers be equity well-located investments, our in process arrangements the It Piedmont will partnering U.S.A. Tennessee. patient early best but joint with prepaid we strategic Southeastern ultimately for a strategic large, forms, cetera. will et on one is days, expect, Transactions JPMorgan lithium hydroxide many time and ventures, and offtake, take
express want entire Piedmont my Lithium. gratitude I team conclude, sincere to I Before the to at
earnings Thank young with a been and have positive our recruited it and announced an quarter have and our exciting are some and We folks. possible company wouldn't revenue to great you sector without We've exceptional now first all. people these team.
concludes presentation for you our We'll to and call. attention. Thank That Q&A. your shift time portion of the
