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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

Green Car Congress

Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. Ford plans to reach a 600,000 global EV run rate by late 2023 with the following EVs: 270,000 Mustang Mach-Es for North America, Europe and China. 150,000 F-150 Lightnings for North America.

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Ford, Rio Tinto sign MOU for battery and low-carbon materials supply to support net-zero future

Green Car Congress

Under the agreement, Ford will explore becoming the foundation customer for Rio Tinto’s Rincon lithium project in Argentina. Rio Tinto’s Rincon is a large lithium brine project located in the heart of the lithium triangle in the Salta Province of Argentina. Rio Tinto completed its acquisition of Rincon earlier this year. Earlier post.)

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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

Green Car Congress

The lithium industry is therefore becoming more reliant on rechargeable batteries to sustain high rates of future demand growth, Roskill concludes. In 2012, East Asia accounted for 60% of total global consumption with Europe accounting for a further 24% and North America 9%.

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Top electric vehicles battery manufacturers in India

Electric Vehicles India

Lithium is among one of the costliest materials that are found outside of India, in other countries such as Chile Australia, China, Argentina, etc. In Australia, there are 2,800,000 tons of Lithium reserves and in Argentina, there are 1,700,000 tons of Lithium reserves. Exide Industries Ltd. ampere-hours to 20600 ampere-hours.

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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

Green Car Congress

Enel has installed around 5,000 charging stations in Italy, Spain, Romania, Greece, Chile, Colombia and Argentina. Enel’s renewables arm Enel Green Power already manages more than 39 GW of wind, solar, geothermal, biomass and hydropower plants in Europe, the Americas, Africa, Asia and has recently arrived in Australia.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. North America. North America continues to be an impetus to global light vehicle demand levels. IHS Automotive projects regional light vehicle sales volume in North America to hit more than 20 million units in 2015, up 2.5%

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

Teslarati

EnergyX proudly advertises that “the company’s LiTAS technology increases lithium recovery rates to over 90% from the current industry standard of 30-40% using ponds and hit 94% during their field trials.” These facilities will be built in Argentina, Chile, California, Arkansas, and Utah, respectively.

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