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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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Hyundai Motor to expand XCIENT fuel cell truck entry into US market

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Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. Fuel cell electric commercial vehicles enhance work efficiency and lower infrastructure cost compared to battery electric vehicles (BEV) by minimizing downtime with shorter refueling time. million km as of 30 April 2022.

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IDTechEx: EV market doubles down on permanent magnets despite material costs

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The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. While some automakers have alternative motor technologies that don’t rely on rare earths, the market has not shifted in this direction significantly.

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Benchmark launches Li-ion Battery Raw Material Price Index

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Benchmark Mineral Intelligence has launched a Lithium-ion Battery Raw Material Price Index. Benchmark assembles the index using its market-leading price assessments including the IOSCO-accredited lithium, nickel, and cobalt prices. The index covers the following battery chemistries: NCM MID-NICKEL. LFP (lithium iron phosphate).

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IDTechEx: Sales of electric motorcycles in Europe grew 50% y-o-y in 2020

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IDTechEx expects electric motorcycle sales in Europe to have grown at least 50% year-on-year in 2020, building on the momentum of recent years. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. Source: ACEM, IDTechEx. Source: ACEM, EAFO, IDTechEx.

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BNEF: EV sales to fall 18% in 2020, overall car market by 23% in response to health and economic crisis

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BloombergNEF (BNEF) forecasts that sales of electric passenger vehicles will fall 18% in 2020 to 1.7 The figures, if realized, have major implications for oil and electricity markets. The COVID-19 pandemic is set to cause a major downturn in global auto sales in 2020. million barrels per day. million units.

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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

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Q1 2020 saw monthly average prices fall further to less than US$7,000/t Li 2 CO 3 for the first time since 2014, eroding price increases caused by forecast strong demand growth in the lithium-ion battery industry and uncertainty over future supply. In 2019, monthly average lithium carbonate prices fell 36% between January and December.

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