Volkswagen bets big on electric. Will consumers buy in?

2019-09-10T16:23:20+08:00September 10th, 2019|Industry News|

FRANKFURT, Germany (AP) — Volkswagen is rolling out what it bills as the breakthrough electric car for the masses, the leading edge of a wave of new battery-powered vehicles about to hit the European auto market.

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By DAVID McHUGH, AP Business Writer
Link to article on msn.com

EUROPEAN LITHIUM – DGWA UPDATE

2019-08-02T16:16:20+08:00August 1st, 2019|Company News, Industry News|

European Lithium (FRA: PF8, VSE: ELI, NEX: EUR, ASX: EUR) has reported on the optimization of its financing structure in its press release titled ‘European Lithium Signs Binding Agreement for A$10 M Funding Facility’.

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By DGWA

China’s Great Wall-linked battery maker plans to build 20 GWh factory in Europe

2019-07-11T14:47:18+08:00July 9th, 2019|Industry News|

A Chinese battery maker carved out of the country’s biggest sport utility vehicle manufacturer, Great Wall Motor Co Ltd, on Tuesday said it is planning its first overseas manufacturing base in Europe. SVOLT Energy Technology Co Ltd general manager Yang Hongxin said, “We plan to have five production bases worldwide, including in the United States, but it will take time. The global plan is to reach a capacity of 100 GWh by 2025.”

The move comes as Asian battery makers deepen cooperation with automakers in Europe, where limited means of making the cells that power electric vehicles has raised concern of over-reliance on Asian manufacturers.

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By Yilei Sun in Baoding, and Tom Daly and Norihiko Shirouzu in Beijing
Editing by Christopher Cushing

Lithium expert dismisses oversupply forecasts

2019-05-21T16:16:36+08:00May 21st, 2019|Industry News|

The possibility of an oversupply of lithium chemical is a myth, the president of California-based Global Lithium, Joe Lowry, said this week.

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PUBLISHED: 20 May 2019

Automakers investing at least $300 billion in electric vehicles

2019-02-25T22:08:57+08:00January 10th, 2019|Industry News|

Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years. Reuters have analysed public data released by those companies and their plans to spend at least $300 billion on EVs are driven largely by environmental concerns and government policy, and supported by rapid technological advances that have improved battery cost, range and charging time.

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By Paul Lienert and Christine Chan
For Reuters
PUBLISHED: 10 January 2019

Battery Megafactory Forecast: 400% Increase in Capacity to 1 TWh by 2028

2018-11-20T13:13:56+08:00October 22nd, 2018|Industry News|

We are in a lithium-ion revolution…

Benchmark Mineral Intelligence forecasts that we will see a 399% increase in lithium-ion battery production capacity over the next decade – enough to pass the impressive 1 TWh milestone.

Courtesy of: Visual Capitalist
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EU to offer billions of funding for electric battery plants

2018-10-19T11:56:56+08:00October 15th, 2018|Industry News|

The EU is planning to allow state aid for electric battery research and will offer billions of euros of co-funding to companies willing to build giant battery factories.

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By Rochelle Toplensky (in Brussels)
For Financial Times

Electric Vehicle Outlook 2018 – Bloomberg NEF

2018-10-09T18:53:48+08:00October 9th, 2018|Industry News|

Our global long-term Electric Vehicle Outlook (EVO) forecasts EV adoption out to 2040 and the impact that electrification will have on automotive and power markets, as well as on fossil fuel displacement and demand for key materials.

“Our latest forecast shows sales of electric vehicles (EVs) increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030 as they become cheaper to make than internal combustion engine (ICE) cars. China will lead this transition, with sales there accounting for almost 50% of the global EV market in 2025.”

Public Report

Highlights

  1. By 2040, 55% of all new car sales and 33% of the global fleet will be electric.
  2. China is and will continue to be the largest EV market in the world through 2040.
  3. EV costs. The upfront cost of EVs will become competitive on an unsubsidized basis starting in 2024. By 2029, almost all segments reach parity as battery prices continue to fall.
  4. E-buses. Buses go electric faster than light duty vehicles.
  5. Displacement of transport fuel. Electrified buses and cars will displace a combined 7.3 million barrels per day of transportation fuel in 2040.

Lithium battery-makers will triple capacity by 2022 – that’s a fact not a forecast

2018-10-10T09:42:36+08:00October 9th, 2018|Industry News|

The world’s lithium battery-making capacity will more than triple from 175 gigawatt hours to 630GwH by 2022 says a top expert.
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Lithium to remain cornerstone of EV battery technology

2018-11-20T13:07:46+08:00June 25th, 2018|Industry News|

Demand for lithium, one of the key materials used in making lithium ion batteries, is rising rapidly. The metal is used in a wide variety of industrial applications including glass, ceramics and greases, but it’s the use of lithium as a key component in the batteries that power electric and hybrid electric vehicles that has so excited markets.

If electric vehicles, which rely wholly or partly on electricity stored in batteries as their source of energy, revolutionize road transport in the way many expect, demand for the metal will rise exponentially. China will be at the forefront of this.

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