March 08

Increasing Lithium-Ion Battery Demand - Manganese Industry Expert Martin Kepman Weighs In on Ford Projects $45 Billion Profit

Martin Kepman, a manganese industry expert, commented on Ford's $45 billion profit forecast from its new electric transit service.



Tesla is no longer the sole player in the electric vehicle sector, with most big-name automobile manufacturers across the world producing electric and hybrid vehicles to meet market demand.

New Report on Increasing Lithium-Ion Battery Demand by Manganese X CEO Martin Kepman

Manganese X CEO Martin Kepman from Increasing Lithium-Ion Battery Demand Manganese Industry Expert Martin Kepman Weighs In On Ford Projects $45 Billion Profit From New EV Transit Service.

Read the full report here.

Martin says Tesla is no longer the sole player in the electric vehicle sector, with most big-name automobile manufacturers across the world producing electric and hybrid vehicles to meet market demand.

In addition to selling the vehicles themselves, Ford will be launching software and services - collectively named Ford Pro Intelligence - to help companies manage their delivery fleets.

In total, Ford projects a profit of at least $45 billion from its electric transit vehicle program.

Overall, the demand for medium-duty transit vehicles in the United States is approximately 330,000 vehicles per year.

Related: Read a report by MartinKepman - 13+ Gigafactories to Open in the US in the Next Five Years, According to the Department of Energy, Marking an Era of American Battery Production.

As the demand for lithium-ion batteries rises even further due to new products and programs in the electric vehicle sector, so does the demand for one of the key components of these batteries: manganese.

Manganese is an essential component of lithium-ion batteries, but it is also used in the nickel-manganese-cobalt battery, the other most common type of battery worldwide.

Manganese can be found in rich deposits in North America, such as in the Battery Hill manganese site in Woodstock, New Brunswick, Canada.

About Manganese X Energy

Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC:QB:MNXXF) (FRANKFURT:

9SC2) with its head office in Montreal QC, owns 100% of the Battery Hill property project (1,228 hectares) located in New Brunswick Canada. Battery Hill is strategically situated 12 kilometers from the US (Maine) border, near existing infrastructures (power, railways, and roads). It encompasses all or part of five manganese-iron zones, including Iron Ore Hill, Moody Hill, Sharpe Farm, Maple Hill and Wakefield. According to Brian Way’s (2012) master’s thesis on the Woodstock manganese occurrences, that includes Battery Hill, the area “hosts a series of banded iron formations that collectively constitute one of the largest manganese resources in North America, approximately 194,000,000 tons.

Other Resources 

Electric Vehicle (EV) Battery Market Worth $175.11 Billion by 2028 -- Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research® - PR Newswire
https://www.prnewswire.com/news-releases/electric-vehicle-ev-battery-market-worth-175-11-billion-by-2028--market-size-share-forecasts--trends-analysis-report-with-covid-19-impact-by-meticulous-research-301497831.html

Mapped: EV Battery Manufacturing Capacity, by Region - Visual Capitalist
https://www.visualcapitalist.com/mapped-ev-battery-manufacturing-capacity-by-region/

Lithium-ion Battery Market to Expand at CAGR of 11.8% During Forecast Period, Observes TMR Study - PR Newswire
https://www.prnewswire.com/news-releases/lithium-ion-battery-market-to-expand-at-cagr-of-11-8-during-forecast-period-observes-tmr-study-301490764.html

Analysis: Ukraine invasion sets back Musk's dream for cheaper EVs, for now - Reuters
https://www.reuters.com/technology/ukraine-invasion-sets-back-musks-dream-cheaper-evs-now-2022-03-07/

Battery Energy Storage System Market increase at a robust CAGR of 26%, reaching US$ 44.86 Bn by 2032 - GlobeNewswire
https://www.globenewswire.com/news-release/2022/03/07/2398042/0/en/Battery-Energy-Storage-System-Market-increase-at-a-robust-CAGR-of-26-reaching-US-44-86-Bn-by-2032-Comprehensive-Research-Report-by-FMI.html

Solid-State Battery Market to Reach $3.81 Billion by 2029 -- Excluisve Report by Meticulous Research® - PR Newswire
https://www.prnewswire.com/news-releases/solid-state-battery-market-to-reach-3-81-billion-by-2029--excluisve-report-by-meticulous-research-301494909.html

Media contact:

Rene Perras Digital PR Consultant

for Manganese X Energy Corp

514-816-4446



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New Brunswick, Canada

https://www.manganesexenergycorp.com





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Source: Rene Perras Legal Advisory
Release ID: 191885