TOKYO (Reuters) – Japanese miner and smelter Sumitomo Metal Mining Co Ltd (SMM) aims to more than double its production capacity of cathode materials used in batteries for automobiles by March 2028, its president Akira Nozaki said on Friday. SMM, which also makes electrical materials, supplies the nickel-cobalt-aluminium (NCA) cathode materials used in Panasonic Corp’s…
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A new report from Bloomberg New Energy Finance expects EV sales to rise from two million last year to 56 million by 2040 Global electric vehicle (EVs) sales are set to “dominate” traditional car sales by 2040. That’s according to a new report published by Bloomberg New Energy Finance (BNEF), which suggests battery-powered cars will…
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Volvo, both through Polestar and its own brand, plans to bring several new all-electric vehicles to market and in order to do that, it needs significant battery supply. The automaker now says that it has secured ‘multi-billion dollar battery supply deals’ with CATL and LG Chem. According to a press release issued earlier today, Volvo…
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Reuters joins Bloomberg in sounding the alarm that Green Energy Metals are needed to build a green and beautiful future for all us and they can not be just found on Instagram among motivation quotes and inspiring pictures. Even worse, the metals which are making all our gadgets tick are the result of very long multi-year…
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Chinese electric vehicle maker Enovate, which already has an all-electric SUV on the market, says they will bring a new vehicle to market in 2021 that will feature a holy grail of sorts in terms of its power source: a solid-state battery for motive power. Enovate currently offers the Sky ME-7 all-electric SUV, which uses mainstream battery…
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