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

Green Car Congress

Many market players look to Chinese lithium spot prices as a bellwether of market health and therefore the continued decline of lithium prices in China has put mounting pressure on the global lithium market, CRU says. Chinese EV sales through to July totalled 696,000 this year. Although this marks an impressive 41.5%

Price 243
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Pike forecasts sales of electric two-wheelers in Asia Pacific to reach more than 65M units in 2018; China dominates

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Electric two-wheel vehicle sales by country, Asia Pacific: 2012-2018. Pike Research forecasts that annual sales of electric two-wheel vehicles (e-scooters, e-motorcycles, and e-bicycles) will show robust growth and reach more than 65 million units in 2018. more than 60 million units in 2018 at a CAGR of 6.6%.

Asia 244
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Since 2018, Bosch has won electromobility orders amounting to ~€13 billion

Green Car Congress

Since the beginning of 2018, Bosch has won electromobility orders worth roughly €13 billion (US$14.4 Despite the market’s current significant downward trend, the sector’s sales from operations will come in at just under the previous year’s level. The transformation of mobility entails challenges, but also opportunities. Earlier post.).

2018 186
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ABI Research forecasts almost 50% of all cars sold in China by 2018 will be fitted with connected telematics and infotainment systems

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China is the world’s fastest growing automotive market and the high growth in vehicle sales in the country is driving the growth in connected in-vehicle telematics and infotainment systems fitted in cars. —principal analyst, Gareth Owen.

Connect 199
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Roskill: refined lithium supply expected to treble to 900kt by 2027, driven by use in batteries

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Automotive applications were the largest market for Li-ion batteries in 2017, with Chinese sales of plug-in electric vehicles (PEV) increasing by around 20% y-o-y. This placed strain on the battery supply chain which is likely to continue, with Roskill estimating that Chinese PEV sales could reach around one million units in 2021.

Supplies 218
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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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The International Energy Agency estimated there were 4 million low-speed electric vehicles in China as of midyear 2018, representing about 2% of the country’s passenger cars, Collins said. Low-speed electric vehicle sales there appear to have slowed in 2018, but manufacturers still sold nearly 1.5

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Volvo Cars aiming for 50% of sales to be fully electric by 2025

Green Car Congress

Volvo Cars aims for fully electric cars to make up 50% of its sales by 2025, the company announced in Beijing. The company’s strategy to generate half of its sales from electric cars by 2025 positions it as a powerful player in China, the world’s leading market for electrified cars. New Volvo XC40 T5 plug-in hybrid.

Volvo 199