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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 The commercial EV segment is expected to record a CAGR of 15% during the same period. The sales of battery electric commercial vehicles were 0.4 China is the largest EV market in the world, with annual sales of battery electric vehicles (BEVs) of five million units in 2022.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Vingroup member VinES and Li-Cycle launch global battery recycling partnership

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Li-Cycle Holdings, the leading lithium-ion battery recycler in North America, and Vines Energy Solutions ( VinES ), a Vingroup company that specializes in the research, development and manufacturing of advanced batteries for mobility and energy storage applications, launched a global recycling partnership. Earlier post.)

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Volvo Trucks had 42% market share of heavy-duty electric trucks in Europe in 2021

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New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. An increasing number of heavy all-electric trucks are now running in commercial traffic. Statistics from the market analysis group IHS Markit show that during 2021 a total of 346 electric trucks (?16

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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

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Toshiba, Sojitz and CBMM partner to commercialize next-generation Li-ion batteries with NTO anodes

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Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium titanium oxide (NTO) as the anode material. One of the major requirements for rechargeable battery development is greater energy density and faster charging.

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Hyundai Motor Group breaks ground on Metaplant America dedicated EV and battery plant

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Hyundai Motor Group officially broke ground today on Hyundai Motor Group Metaplant America (HMGMA) LLC’s new manufacturing plant at the Bryan County Mega site. HMGMA will create more than 8,100 jobs over the next few years as the company aims to establish a stable supply chain for EV battery and other EV components in the US market.

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