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NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners

Green Car Congress

executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. Canada-based NextSource Materials Inc.

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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

Green Car Congress

GFL) registered in Jiangxi (China) have signed a memorandum of understanding on long-term lithium supplies for battery cells. Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years. —Michael Bäcker, Head of Corporate Purchasing e-Mobility at Volkswagen Aktiengesellschaft.

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. The Okorusu plant was retrofitted to produce graphite and has been on care and maintenance since November 2018.

Namibia 284
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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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BMW Group enters long-term €2B supply contract with Northvolt for battery cells from Europe

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The BMW Group has signed a long-term supply contract worth €2 billion for battery cells with the Swedish company Northvolt. —Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. This was underpinned by the BMW Group’s financial participation in the firm.

BMW 239
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BYD signs deal to supply 5,000 EVs to UK car rental firm Octopus EV over 3 years

CN EV Post

BYDDY.US | BYD HK (Image credit: BYD) BYD (OTCMKTS: BYDDY), which just last week officially announced its entry into the UK passenger car market, has signed a purchase agreement with a local car rental company. The initial order will include the BYD Atto 3, which will be available under the so-called Salary Sacrifice program.

BYD 62
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Ballard closes strategic collaboration with Weichai Power; heavy-duty fuel cell vehicles

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interest in the company, through the subscription and purchase of shares from treasury at a price of $3.54, which reflects a 15% premium to the 30-day VWAP of $3.08 on 29 August 2018. —a current Ballard strategic investor and Chinese partner—has invested a further approximately $20.2 million, representing a 19.9%

Fuel 223