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

Green Car Congress

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. Chinese EV sales through to July totalled 696,000 this year. However, the combined conversion capacities of these two market leaders is below 30% of total Chinese capacity.

Price 243
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Renault and Dongfeng form new $1.3-billion JV in China

Green Car Congress

The Dongfeng-Renault joint venture will establish a new manufacturing plant which will start producing vehicles in 2016. Sales of locally produced vehicles will start in 2016. The Renault brand has been present in the Chinese market with the imported cars such as Koleos and Fluence. The investment for the 50/50 JV totals 7.76

China 210
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Volkswagen and JAC launch new JV for electric cars for mass market in China; 1st vehicle in 2018

Green Car Congress

In the presence of Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang in Berlin, Volkswagen signed a joint venture agreement with the Chinese automaker Anhui Jianghuai Automobile (JAC). The objective is to deliver 400,000 electric vehicles to the Chinese market in 2020 and 1.5 million electric vehicles in 2025.

2018 170
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An electric pickup from Nissan and Mitsubishi? Automakers team up to take on US market

Baua Electric

Nissan, once seen as an EV leader, with the launch of the LEAF in 2010, took over a decade to release its second global EV, the Ariya. It could also expand Mitsubishi’s lineup with the midsize EV pickup buyers and dealers are asking for. Nissan and Mitsubishi have been intertwined since 2016. This includes pickups.

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Mercedes-Benz Vans launches new Vito in China; unveiling electric van of future this week

Green Car Congress

The new Vito will be ready for delivery to dealers at the end of September. This is another milestone of our ‘Mercedes-Benz Vans goes global’ growth strategy. In the first half of 2016, Vito and V-Class continued to be the strongest sales drivers. The introduction in China completes its global launch. t, plus 41%).

Mercedes 150
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Volkswagen Group launching major electro-mobility campaign in China; $25B on new vehicles, technologies and plants up to 2018

Green Car Congress

Starting in 2016, this will be followed by two models developed specially for the Chinese market: These are the Audi A6 ( earlier post ) and a new mid-size limousine from the Volkswagen brand, both plug-in hybrids which are being developed together with the joint venture partners FAW Volkswagen and Shanghai Volkswagen and will be produced locally.

2018 290
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CRU: Lithium prices plunging as hype meets reality; impact of new supply, disappointing BEV sales

Green Car Congress

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. Chinese EV sales through to July totalled 696,000 this year, an impressive 41.5% Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments.

Price 252