Auto stocks have been prominent performers in China’s stagnant stock market。 Tax cut The tax cut will be one of the most effective policies to boost EV car sales, exceeding market expectations and expected to drive 1 million to 2 million new passenger car demand. China’s A-shares recovered 3,100 points and were stuck in…
Electric vehicles overtake mobile phones as top source of cobalt demand Auto industry consumes 59,000 tons of cobalt in 2021, accounting for 34% of total demand as EV and HEV sales double The auto industry will consume 59,000 tons of cobalt in 2021, or 34% of total demand, as sales of electric and hybrid vehicles…
Lithium-ion battery raw materials are rising like a rainbow, electric car manufacturers have no choice The rising price of lithium battery raw materials is transmitted to the whole vehicle, which is the main reason that the major new energy vehicle manufacturers emphasize when adjusting the price. However, in the long run, the power of the…
A wave of electric cars has sparked competition for lithium minerals, companies around the world compete for lithium resources, and producers are better off with long-term contracts. Competition A few months ago, Tesla Inc. signed a three-year deal with GF Lithium to supply battery grade lithium hydroxide. Investors were thrilled by the news. Also, the…
Nickel giant QS Holdings has slashed short positions by more than half, nickel prices continue to fall, QS has not yet carried out any delivery Global nickel giants embroiled in an epic short-selling battle earlier this year have covered more of their short positions in recent weeks, cutting them by more than half since the crisis…
A Lithium Mine in China Hot Auction: The Bid Has Exceeded 124 Million RMB Regarding the identity of the bidders, there is a lot of news in the market, which does not rule out the possibility of domestic first-line lithium salt enterprises and downstream power battery leaders participating in the auction. EU plans more…
Tesla seems to be trying to hedge global supply chain risks. New energy is now a highly competitive market, although electric vehicle and battery makers are in demand globally From India to Indonesia, Elon Musk is scouting for sites to put more Tesla cars on roads around the world. Access to raw materials has become…
China Tower plans to purchase 4GWh lithium iron phosphate battery for backup power On May 13, China Tower announced the bidding and procurement of “2022-2023 lithium iron phosphate battery products for backup power”. 4GWh LFP batteries This time, it is planned to purchase 4GWh lithium iron phosphate batteries. The number of proposed winning bidders…
Musk: Using hydrogen for energy storage “the stupidest thing I can think of!” Tesla CEO Elon Musk was asked in an interview at the Electric Vehicle Summit a few days ago if he thought hydrogen could play a role in accelerating the transition from fossil fuels. Musk’s answer: “Hydrogen is the dumbest thing I can…
Renault reportedly considering cutting stake in Nissan to support transition to electric cars Switch to EVs Renault is said to be considering selling some of its Nissan stake in a deal that could raise billions of euros for its switch to lithium battery powered electric vehicles and ease longstanding tensions with alliance partners Nissan…
China held a symposium on the supply chain of automobile batteries to guide the rational return of lithium prices Lithium prices have surged nearly 500% in the past year, the burgeoning electric car industry is dealing with risks from rising costs. China wants lithium prices back to sustainable levels. According to a March statement from…
Japan begins to embrace electric cars, Tesla will no longer be “niche” Toyota, Nissan and Honda have all rolled out new EV strategies Higher stock price “The fact that Tesla’s stock price is higher than Toyota’s has greatly boosted its brand awareness in Japan” The number of EV owners in Japan is increasing day…