Approximately 14 million electric car vehicles were sold across the world in 2023, in which it made up 18% of total car sales, up from 14% in 2022.
The bearishness regarding EV sales in 2023 has directly affected the lithium market. Spot prices have been falling, particularly in China, and the short-term expectations are not positive. The latest Platts Battery Metals Outlook Survey found thatm...
09 May 2023 | Synopsis"...new cars in Australia use 40% more fuel than in the EU and 20% more than in the US, making it urgent to accelerate the pace of EV adoption. " The Electric Vehicle Council of Australia launched a new video ad campaign to show EVs not only look cool and ...
Electric Vehicle Sales To 75% By 2050 10 Apr 2023 | Synopsis"California's Advanced Clean Cars II (ACC II) rule could dramatically accelerate electric vehicle (EV) deployment...Seventeen states - nearly 38% of the U.S. car market - are contemplating or have already adopted these standards....
May 3, 2023 – Albemarleannounced plans to double lithium hydroxide output in Australia, effectively adding 50,000 tonnes per year of lithium refining capacity at their Kemerton plant. Daily InvestorNews updates Furthermore, Albemarle announced on May 3, anet ...
In Australia, the states of Victoria and New South Wales government are removing purchase incentives for new EV from January as suppliers have cut prices. Still, they will reallocate some of the funding to install more charging stations to continue encouraging uptake. ...
It also embarked on aggressive expansion into overseas markets such as Australia, worrying rivals who have seen how it has grabbed market share in China. It has also become a relentless discounter in a price war against Tesla that began in China last year. Wang told i...
In just a decade, the lithium industry has undergone a drastic transformation, with batteries now being the dominant use of the material. Historically, the majority of lithium mining capacity has been concentrated in Chile's salt flats and Australia's hard rock s...
Last year, more than one million domestically made EVs were shipped from China as it became the world’s biggest auto exporter, to countries such as Australia and Thailand. That total included vehicles from Tesla and Polestar as well as Chinese-owned brands including BYD, MG and Nio. ...
16 May 2023 | Synopsis"The battery is 10 years in the making, using inexpensive and abundant materials - aluminum, salt, nickel, and ceramic...The CERENERGY batteries cost 40% to 50% less to make... "The breakthrough is the result of a joint effort between two labs - Australia-based...