article thumbnail

BYD to build new $1.2B battery factory in China

Teslarati

Now, as the company looks to expand outside of Asia, it is doubling down on its Chinese production capabilities. Using an LFP chemistry , BYD advertises the battery as a more affordable, faster charging, and more durable option compared to more traditional NMC battery chemistries.

BYD 90
article thumbnail

GM leaps ahead in lithium mining race, secures next-gen extraction deal

Teslarati

This has pushed many, including GM, further down its supply chain, buying up companies and securing supplies for the future. GM has already invested in countless extraction companies and their subsequent mining projects, primarily focusing on lithium, but today’s investment is distinct from all the rest.

GM 99
article thumbnail

3-Year Cruise Passengers Seek Fraud Charges Over Cancellation

Baua Electric

By now, they were supposed to be well into the first leg of the three-year Life at Sea cruise , sailing from Ushuaia, Argentina, to Punta Arenas in Chilean Patagonia. attorney for the Southern District of Florida, asking him to investigate whether Miray, a Turkish cruise company, defrauded them out of millions of dollars.

article thumbnail

Made-in-India two-wheeler exports finally on the upswing | Autocar Professional

Baua Electric

Let’s take a closer look at the top exporting companies. As per Bajaj Auto’s FY2024 performance commentary, the company continues to see robust growth in Latin America as well as the MENA (Middle East and North Africa), which has to some extent alleviated the slowdown in demand from Africa and Asia. The longstanding No.

India 52
article thumbnail

Rough road for EV industry

Green Car Congress

Even Tesla, despite its substantial efforts to hold the line on affordability, has suffered from the effects of war, supply chain disruptions and the rising costs of raw materials. Ford made headlines in December when the company stopped accepting customer reservations for its new, highly touted pickup, the all-electric F-150 Lightning.

article thumbnail

Mercedes-Benz introduces its mid-size pickup truck: the X-Class leans on diesel

Green Car Congress

At the beginning of 2018 South Africa, Australia and New Zealand will follow, and at the beginning of 2019 Argentina and Brazil. The X-Class for the Latin American market will roll off the assembly lines at the Renault plant in Cordoba, Argentina, starting from 2019. The market launch in Europe is scheduled for November 2017.

Mercedes 170
article thumbnail

Will the world run out of lithium?

Drive Electric

The United States Geological Survey revealed that the world’s identified lithium resources are estimated to be around 79 million metric tons, with the largest reserves in Chile, Argentina, and Australia. Some companies have also seen success in using cobalt-free batteries. million tons.

Oil 82