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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

Morgan Stanley analyst Adam Jonas deemed Tesla and CATL the power couple that could recharge the United States electric vehicle (EV) market. In a note released earlier this week, Morgan Stanley writes that the United States is an under-penetrated EV market, whereas China is a fully-penetrated EV market.

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Volvo Cars January global sales up 2%; Recharge models up 31%, for 40.7% of all cars sold

Green Car Congress

Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 31% in January year-on-year, accounting for 40.7% The increase was led by markets such as the UK, Italy and Belgium. Recharge sales, which in addition to fully electric cars also includes plug-in hybrids, accounted for 59.8%

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Volvo Cars opens order books for new electric C40 Recharge

Green Car Congress

The all-electric Volvo C40 Recharge is available online via volvocars.com in select markets across Europe as of this week. Like the XC40 Recharge electric compact SUV, the C40 Recharge comes with an infotainment systems jointly developed with Google and based on the Android operating system. of total Volvo Car USA sales.

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Volvo Cars reports sales of 43,666 cars in August; Recharge models 21.9% of sales, 48% in Europe

Green Car Congress

The company’s line of Recharge models represented 21.9% In addition, lack of availability of components, notably semiconductors, continues to influence manufacturing output, which impacted Volvo Cars’ retail deliveries during the month. Sales of Recharge cars accounted for 48% of the total sales in the region during the month.

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Nexeon raises more than $200M to fund Si-based anode materials manufacturing

Green Car Congress

Further to the announcement of its strategic partnership with and investment from SKC on 26 January 2022, Nexeon, a leading battery materials developer and manufacturer has completed the second close of its fundraise resulting in a total investment of US$170 million.

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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

Green Car Congress

In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies. In any case, the underlying demand growth for lithium compounds remains strong, with demand from rechargeable battery applications forecast to exceed 220kt LCE in 2020, representing roughly 70% of total lithium demand.

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EcoProBM, SK On and Ford to invest C$1.2B to build NCM cathode manufacturing facility in Bécancour, Québec

Green Car Congress

billion (US$886 million) to build a cathode manufacturing facility that will provide materials that ultimately supply batteries for Ford’s future electric vehicles. —SK On Chief Commercial Officer Min-suk Sung For EcoProBM, Canada is the second global market expansion after Hungary and marks the company’s entry into North America.