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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

Global 397
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Elon Musk: Chip shortage is a “short term” problem that will likely be over next year

Teslarati

During an Italian tech event that was streamed on Friday, Tesla CEO Elon Musk predicted that the ongoing semiconductor crisis would likely be over next year. Musk also noted that he believes the global chip shortage issue is a “short term” problem and not one that would be true for the long term.

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Tesla, LG, Samsung invited to India battery manufacturing recruitment summit

Teslarati

Tesla, LG Energy, and Samsung are among a group of large battery manufacturers that have been invited to a recruitment summit by India, which wants to encourage cell production efforts to enter its market to develop a domestic supply chain for clean transportation and electric vehicles.

India 142
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North America just got its first recycled Li-ion battery materials plant

Baua Electric

The material is then exported overseas, most often to China and South Korea, for further processing. With a presence in the US, Singapore, Korea, Germany, and Australia, the global company says its Oklahoma plant, like its other plants, can produce materials that meet the specs battery cell producers want.

Li-ion 52
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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 The proportion of global EV production is set to increase from 8% this year to 34% in 2030. trillion (US$27.8 billion) for electrification.

Hyundai 284
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WNA Market Report projects little noticeable impact on world nuclear fuel market post Fukushima

Green Car Congress

World nuclear fuel markets are likely to suffer very little noticeable impact from events at Fukushima, according to the latest edition of the World Nuclear Association (WNA) biennial supply and demand report.

Market 210
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S. Korean steel-maker POSCO invests in Li3 Energy for lithium exploration

Green Car Congress

a US-listed and South American-based global exploration company in the lithium and minerals sector, executed a Securities Purchase Agreement with POSCO Canada Ltd., a wholly-owned subsidiary of South Korea-based POSCO, one of the largest steel manufacturers in the world. Li3 Energy, Inc.,

Energy 199