The demand for lithium raw materials has increased greatly, and the cost of batteries has risen Prices soared Prices for electric vehicle batteries are set to rise again in 2022 after a decade of sharp declines as supplies of lithium and other raw materials struggle to keep up with ballooning demand. The benchmark price…
EV maker ELMS is focusing on making affordable electric commercial vehicles ELMS is now building and delivering pure electric vans, with a manufacturing facility at an old Hummer factory in Indiana that was converted to make electric vehicles. Taylor was a former General Motors executive: He was in charge of the Cadillac and Hummer brands.…
Volkswagen and Toyota defend their turf in a way that is very different from the proud German and Japanese industrial giants one can usually imagine, and executives at both companies know all too well that the transition away from the internal combustion engine will not be an orderly progression. An epic battle This epic…
Heating can eliminate resistance? Japanese scientists break through key bottlenecks, full solid state batteries are one step closer to application One step closer As researchers at Tokyo Institute of Technology, the Association of Iron and Steel Technology (AIST) and Yamagata University have introduced a strategy to restore their low resistance, full solid state batteries…
LG New Energy is about to IPO, valuation is close to 60 billion U.S. dollars after listing. The combination of battery raw materials is the key, one of the largest electric vehicle battery companies in the world is about to go public. South Korea’s LG Energy Solution, which produces battery packs for manufacturers such as…
In the era of electric vehicles, Hyundai still has high hopes for hydrogen vehicles South Korean consumers are not as enthusiastic about hydrogen fuel vehicles as Hyundai Motor hopes, and South Korea has the most hydrogen fuel cell passenger cars in the world. Bold moves Since taking office at the end of last year,…
Exclusively for ride-hailing service Arrival showcases an electric car prototype in cooperation with Uber In May of this year, British electric car company Arrival and Uber, a U.S. ride-hailing service company, jointly developed an electric car dedicated to ride-hailing services. Today, Arrival unveiled its first car prototype. The purpose of the cooperation between the two…
The US Securities Regulatory Commission cools down the electric car SPAC boom Lucid’s parent company passed SPAC’s deal with lithium battery backed electric car startups in July, which seems to be tailor-made. Retail investors welcome deals between SPACs and electric car manufacturers. A crackdown A crackdown on SPAC (blank cheque company, also known as…
Galp and Northvolt will build Europe’s largest lithium power plant The largest in Europe The plant will be located in Portugal, where the largest lithium deposit is located in Western Europe, with a target annual output of 35,000 tons of battery-grade lithium hydroxide, which can power approximately 700,000 electric vehicles. The Portuguese oil and…
Lithium batteries and supporting metals are driving changes in global mining investment A qualitative revolution There will be a qualitative revolution in the power energy market. Under this trend, in addition to the development of local lithium ore, China’s foreign investment in comprehensive raw materials for new energy batteries will become important. Lithium power…
Toyota will spend 35 billion U.S. dollars to develop electric vehicles The company plans to launch 30 electric vehicles by 2030 and sell 3.5 million battery-powered vehicles each year. Toyota said it will invest 35 billion U.S. dollars to switch to electric vehicles. The world’s largest automaker is preparing to compete directly with Tesla and…
EV maker, wind power, solar power, EV power batteries, lithium battery energy storage and carbon neutrality, the industry based on lithium battery power and energy storage is developing rapidly General Motors General Motors plans to invest more than $3 billion to produce electric vehicles in Michigan. One of the projects will transform…