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Benchmark: China will increase share of global cathode production to 87% in 2030

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Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. China’s output of cathode active materials increased more than four times between 2018 and 2022. times in the same period.

China 243
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Hyundai Motor Group building new fuel cell system plant in China; first outside of Korea

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Hyundai Motor Group signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Guangzhou, China. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.

Hyundai 277
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Baker Institute: China positioning itself to dominate world’s copper supply

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China is positioning itself to dominate the global supply of copper, a material in high demand as the world transitions to alternative energy systems, according to experts from Rice University’s Baker Institute for Public Policy. “If However, China’s international presence goes well beyond internal needs. —Koelsch et al.

Supplies 250
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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Volkswagen Group China, JAC and SEAT sign new deal advancing e-mobility in China

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Spain-based SEAT, a member of the Volkswagen Group, signed a Memorandum of Understanding with Volkswagen Group China and Anhui Jianghuai Automobile Group Corp., Ltd (JAC) to advance e-mobility in China. This partnership also represents the benefits of a globalized approach to delivering sustainable mobility.

China 207
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Anjie Wireless licenses WiTricity technology for China EV market

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WiTricity announced an intellectual property licensing agreement with Anjie Wireless, a China-based automotive Tier 1 supplier. Making vehicle charging a convenient, seamless and efficient process is a priority for accelerating EV adoption (in China and abroad), and a critical component of autonomous vehicle deployment.

China 249
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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

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Lithium carbonate prices in China dropped between January and August 2019 by nearly 20% since the beginning of 2019 to RMB 65,000/t, equivalent to $9.25/kg China is the world’s largest user of lithium, accounting for 57% of global demand in 2019, and is also the biggest supplier of lithium converted products. Source: Fastmarkets.

Price 243