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GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

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Data and analytics company GlobalData forecasts that the demand for lithium needed for the production of lithium-ion batteries for use in EVs will more than double from 26.7kt in 2018 to 58.3kt in 2022. According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% In 2017, 1.1 million by 2022.

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GlobalData: Government mandates and infrastructure investments to fuel EV growth globally

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Global EV sales reached 7.7 million units in 2018, and are anticipated to reach 51.6 The sales of battery electric passenger cars are expected to reach 44 million units by 2035 from 7.3 The sales of battery electric commercial vehicles were 0.4 All these factors bode well for the EV market, GlobalData said.

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Volkswagen Passenger Cars lifts global deliveries of BEV vehicles by 197% and of electric vehicles overall by 158% in 2020

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In 2020, Volkswagen Passenger Cars delivered more than 212,000 electric cars in total (+158 percent versus 2019), including nearly 134,000 battery electric vehicles (+197 percent versus 2019). This brought the share of BEV and hybrid vehicles in Europe up to 12.4% in Germany in the BEV market and 23% in the Netherlands.

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

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IDTechEx’s latest master electric vehicle report “ Electric Vehicles: Land, Sea & Air 2022-2042 ” finds 35.7 million electric vehicles (EV) were sold in 2021 and predicts this will rise to more than 74 million by 2030. Source: IDTechEx - “Electric Vehicles: Land, Sea & Air 2022-2042”.

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All Audi production sites will manufacture all-electric vehicles by 2029

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As of 2026, Audi will only launch all-electric models onto the global market, gradually phasing out production of its combustion models by 2033. Based on this clear decision made as part of its Vorsprung 2030 corporate strategy, Audi is now taking steps to prepare its global facilities for the production of all-electric cars.

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Frost & Sullivan forecasts extended range electric vehicle market to reach more than 329K units by 2018

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New analysis from Frost & Sullivan —Strategic Analysis of Global Market for Range Extenders—estimates the total market for range extenders will exceed 329,000 units by 2018. While the eREV market is now nascent, more than 14 models are expected to be available by 2018.

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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

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