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BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

Green Car Congress

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). As global market demand for REEs is forecasted to increase threefold by 2030, establishing new sources of REEs is critical.

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New top model PHEV in the BMW 5 Series

Green Car Congress

With almost 50,000 units, BMW 5 Series plug-in hybrid models were the most successful electrified models in the BMW Group’s portfolio worldwide in 2019. The new top-of-the-range BMW 545e xDrive Sedan (combined fuel consumption: 2.4 – 2.1 The new top-of-the-range BMW 545e xDrive Sedan (combined fuel consumption: 2.4 – 2.1

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BMW Group to source lithium from Livent

Green Car Congress

To support its accelerated expansion of e-mobility in the coming years, the BMW Group will source lithium from a second leading supplier, US-based Livent. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on. The value of the multi-year contract will total around €285 million.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

During 2014, the global plug-in electric vehicle (PEV) industry is poised to grow by 86% and will surpass more than 346,000 new vehicles sold, according to a new white paper—“ Electric Vehicles: 10 Predictions for 2014 ”—published by Navigant Research. More mainstream models will come from Kia, Mahindra, Škoda, and Volkswagen.

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IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. Major solid-state battery players globally. The latter also partnered with BMW. New material selection and change of manufacturing procedures show an indication of a reshuffle of the battery supply chain. Source: IDTechEx.

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IDTechEx: EV market doubles down on permanent magnets despite material costs

Green Car Congress

With the continued global turmoil experienced over the past few years, the prices of almost everything are rising. Wound rotor options have been used by Renault and recently adopted by BMW for its 5 th -generation drive. times greater than the previous average. Source: IDTechEx - “ Electric Motors for Electric Vehicles 2022-2032 ”.

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EVs new sales increased by 26% in global automotive market

Electric Vehicles India

EVs new sales increased by 26% in global automotive market. million units representing 26% of new sales in the global automotive market. Global fleet of passenger electric and fuel cell vehicles. The total global fleet of passenger electric and fuel cell vehicles is around 13 million, of which 8.5 In 2019 it was 2.6%.

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