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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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Mercedes-Benz will be producing 8 all-electric EQ models in 2022

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In 2022, Mercedes-Benz’ global portfolio will include eight all-electric Mercedes-EQ models. The global Mercedes-Benz production network is ready for the company’s electric product offensive and is integrating its Mercedes-EQ models into series production in its existing plants.

Mercedes 259
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Rolls-Royce developing turbogenerator technology for hybrid-electric aviation applications

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Rolls-Royce is developing turbogenerator technology—including a new small engine—designed for hybrid-electric aviation applications. The turbogenerator will recharge batteries after take-off or power propellers directly, enabling aircraft to switch between power sources in flight.

Hybrid 448
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Benchmark: Li-ion battery pipeline could exceed 6 TWh by end of decade

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Global lithium ion production capacity could reach over 6,000 GWh (6 TWh) by the end of the decade based on current plans, as companies accelerate gigafactory construction in Europe and the US, according to Benchmark Mineral Intelligence. Battery capacity is currently growing at twice the speed of lithium raw material supply.

Li-ion 199
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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

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Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.

Li-ion 170
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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

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Ford announced a series of initiatives for sourcing battery capacity and raw materials that light a clear path to reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026. 30,000 units of an all-new SUV for Europe, the run rate of which will significantly ramp in 2024.

Ford 221
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BYD launches 3 new electric vehicles at the Paris Motor Show

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BYD is launching three new battery-electric passenger vehicles in Europe at the Paris Motor Show, including the BYD ATTO 3, a C-segment SUV designed with the European customer in mind; the BYD TANG, a 7-seater with variable all-wheel drive; and the sporty sedan BYD HAN. BYD’s new generation e-Platform 3.0, BYD e-Platform 3.0

BYD 273