Column: Volkswagen powers up for the electric vehicle revolution

LONDON (Reuters) – Volkswagen CEO Herbert Diess is no Elon Musk but the German carmaker is following a path already traveled by Tesla as it gears up for the mass rollout of electric vehicles (EV). A technical employee works at the production line for the electric Volkswagen model ID. 4, […]

Automotive Industry Likely to Face Materials Shortage

A decade ago, the automotive industry could not foresee a semiconductor shortage disrupting vehicle production. A decade from now, automakers may face a scarcity of materials required for EV batteries and other essential components. Shortages might even come sooner than that. Increased electronics content in vehicles has tied automotive companies […]

Hydro-Québec to launch energy storage system to fight climate crisis

Hydro-Québec is launching a new subsidiary that specializes in energy storage systems in a bid to help speed up development of renewable power and commercialize technology it has developed over four decades. A shift toward more renewable energy and away from fossil fuels is driving demand for large-scale power storage […]

Battery graphite demand to rise 15X by 2030, says BMI

Skyrocketing electric vehicle (EV) sales will boost battery-related graphite demand by a factor of 15 by the end of the decade, sparking a chronic shortage of fine grade material, Benchmark Mineral Intelligence (BMI) analyst George Miller said on Monday. FULL STORY: https://www.mining-journal.com/events-coverage/news/1400786/battery-graphite-demand-to-rise-15x-by-2030-says-bmi The Battery Boom Will Draw $1.2 Trillion in Investment […]

Carmakers have blind spot for lithium, cobalt, nickel prices

A new research note from battery supply chain specialist and price reporting agency, Benchmark Mineral Intelligence, has a warning for carmakers about the direction of battery prices used in electric vehicles – that they won’t fall indefinitely. Andrew Leyland, Head of Strategic Advisory at Benchmark, points out that lithium-ion battery cell […]

Hyundai Motor to launch dedicated EV platform in major push into electric cars

SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs. The plan underscores efforts by the world’s No.5 auto group to become a major player in […]

Sri Lanka’s Black Gold

By Michael Gregson Courtesy Ceylon Today Sri Lanka could soon be in for a windfall because of the worldwide surge in demand for electric cars. At least 125 million electric vehicles are expected to be travelling global highways by 2030, which means the world is going to need a lot more […]

Equity.Guru video: Ceylon Graphite (CYL.V) looking to kickstart commercial production in Sri Lanka

Graphite demand is one the rise as the new age of alternative energy becomes reality. EVs, power storage and the growing number of lithium-ion powered electronic devices will only serve to push this demand further. Companies like Ceylon Graphite (CYL.V) is positioning itself to take advantage of this trend and with its highly prospective […]

The Key For Tesla’s Future Is Batteries, Not Cars

By Enrique Dans Forbes.com Tesla’s Gigafactory will soon be the largest covered building ever built and, with the permission of the Chinese company BYD, the largest battery factory in the world in what has become the fight to control of one of the most important technologies for the future. Tesla’s joint venture with Panasonic will make it […]

Brookfield and the Caisse buy automotive battery business from Johnson Controls for $13 billion

Johnson Controls’ Power Solutions business produces batteries for global automakers and retailers for use in nearly all types of vehicles, including hybrid and electrical models.Daniel Acker/Bloomberg

Batteries are used in about a third of cars globally MONTREAL — Brookfield Business Partners LP and the Caisse de depot et placement du Quebec, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for US$13.2 billion in one of the […]

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