Category: News

Japan’s SMM aims to double battery material capacity in nine years

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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22nd May 2019 0

Global EV sales ‘will dominate traditional car sales by 2040’

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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20th May 2019 0

Volvo secures ‘multi-billion dollar battery supply deals’ to support its electric car plans

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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17th May 2019 0

Green Energy Metals And rEvolution – Reuters: “Tesla Expects Global Shortage Of Electric Vehicle Battery Minerals.”

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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16th May 2019 0

If Electric Car Maker Enovate Can Produce An EV With A Solid-State Battery, Everything Changes

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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15th May 2019 0