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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume.

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SolarEdge, Kokam open 2GWh cell plant in South Korea

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SolarEdge Technologies and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility.

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018. Environmental Protection Agency (EPA) performed enhanced screening on diesel vehicles sold by all manufacturers. FCA US has also settled a putative class action on behalf of private consumers.

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DOE: cobalt is the most expensive material used in lithium-ion battery cathodes

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Aside from the lithium needed to produce modern lithium-ion batteries, much attention is focused on the cost of the materials used for EV battery cathode production. Cobalt is an important ingredient in lithium-ion battery cathode production, accounting for about a quarter of the cost of the battery. Source: DOE. 202103050.

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IDTechEx calculates ~31 GWh of electric vehicle markets beyond cars in 2021

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While electric cars will remain the largest electric vehicle market for the foreseeable future in terms of battery demand and market revenue generation, most transport sectors are facing a transition. There are relatively few strong market drivers for electric vehicles in construction. Electric Vehicles in Construction - 1 GWh.

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Global refinery catalyst market forecast to grow 34% to $4.3B by 2018

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Refinery catalyst markets will reach $4.3 2018, up from $3.2 Market growth comes in large part from demand for cleaner diesel fuel and the availability of newer technology and nanotechnology. Hydrotreating catalysts will continue to achieve the best growth in the petroleum refining market, aided by the increasingly sour (i.e.,

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Pike Research forecasts annual sales of electric bicycles to surpass 47M units by 2018; Li-ion battery share to climb to 12%

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Electric bicycle sales by region, world markets: 2012-2018. Pike Research forecasts that the worldwide market for e-bicycles will grow at a compound annual growth rate (CAGR) of 7.4% between 2012 and 2018, resulting in global sales of 47.6 million vehicles in 2018, up form more than 30 million units in 2012.

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