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Honda to purchase 123 GWh of batteries from CATL for EVs in China from 2024 through 2030

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announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL. From 2024 through 2030, Honda will purchase 123 GWh of CATL’s batteries for pure electric vehicles in China, which will be produced in CATL’s production base in Yichun, east China’s Jiangxi Province.

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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This marks a 6% drop from $140/kWh in 2020. However, even lower-cost chemistries such as LFP—which is particularly exposed to lithium carbonate prices—have felt the bite of rising costs throughout the supply chain. All prices are in real 2021 $, unless stated as nominal.) This will help to ease lithium prices.

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Argonne study finds rare earth supply disruptions can have long-range impacts

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Disruptions to this supply can have wide-ranging consequences, but the understanding of how those disruptions play out in global markets is limited. The US accounted for more than 15% of rare earth mining output in 2020, but this material is exported for value-added processing and production. Causes of supply disruptions.

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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

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SK On signs 5-year lithium hydroxide supply deal with SQM

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Battery manufacturer SK On signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen SK On’s supply chain for critical battery materials in coping with the US “Inflation Reduction Act” (IRA) following its recent deals with Australian lithium developers. million electric vehicles (EVs). Earlier post.).

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Audi of America and Arcadia offer renewable energy subscription with e-tron or e-tron Sportback lease or purchase

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Audi of America is offering qualified customers who purchase or lease a 2021 Audi e-tron or e-tron Sportback a subscription to Arcadia at no additional charge for up to five years. The program runs from 2 March to 30 April 2021, while supplies last. 2021 Audi e-tron.

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IHS Markit sees supply crunch coming for electrical steel; potential disruptor of OEM electrification plans

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The rapid growth of the hybrid and electric vehicle segment could potentially cause demand for electrical steel to outpace supply from 2025, according to a new report by a team of analysts from the Automotive Supply Chain and Technology team at IHS Markit. Supply is extremely limited in North America.

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