Europe’s Batteries Push Promises Much-Needed Relief For Investors

2019-10-03T10:23:13+08:00September 24th, 2019|Industry News|

They have dubbed it the “Airbus of batteries”. Bruno Le Maire, the French finance minister, joined with his German counterpart in Paris last week to unveil plans for a battery plant to supply electric cars, part of a pan-European project backed by public money.

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By Henry Sanderson for the Financial Times

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

One million EVs to be sold next year in Europe alone

2019-10-15T10:19:09+08:00September 9th, 2019|Industry News|

  • The rise of affordable electric cars is driven by EU law and achievable based on carmakers’ latest production plans.
  • Carmakers have four tools at hand to comply with the law: EV boost; improvements to combustion engine; stop selling highest-emitting cars; and pooling with EV makers
  • Boosting EV sales is the most future-proof strategy and the one chosen by key European brands
  • The cost of the investments required to meet the climate targets for cars is estimated to be about half of that incurred by the penalties for failing to comply
  • Surge in SUVs from 7% in 2009 to 36% in 2018, and not the decline in diesel sales, is principally to blame for the recent rise in CO2 emissions from new cars
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Link to article on transportenvironment.org

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: the white gold of e-mobility

2019-10-21T10:34:43+08:00April 3rd, 2019|Industry News|

The price of lithium has tripled in the last three years. Lithium is the key element in producing the kind of high-efficiency batteries needed for electromobility. Can a lithium mine in Austria help reduce Europe’s dependence on imports?

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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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