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Daimler buying more than €20B of battery cells for electric drive vehicles by 2030

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Daimler will buy more than €20 billion (US$23 billion) of battery cells for electric drive vehicles by 2030, the company announced. The suppliers are already producing battery cells in Asia and Europe and are continuing to expand in Europe and additionally in the US.

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Li-Bridge outlines steps for US to double annual lithium battery revenues to $33 billion and provide 100,000 jobs by 2030

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Li-Bridge, a public-private alliance representing the US battery ecosystem, convened by the US Department of Energy (DOE) and managed by Argonne National Laboratory, released an action plan to accelerate the creation of a robust domestic manufacturing base and comprehensive supply chain for lithium-based batteries.

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Nissan, Frost & Sullivan study finds 37% of Southeast Asian consumers open to buying EV

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Thirty-seven percent of Southeast Asian consumers planning to buy a car are open to purchasing an electric vehicle, according to a Nissan-commissioned study by Frost & Sullivan. Motivating factors for buying an electric vehicle. Electric car ownership in Southeast Asia is still relatively low. Source: Nissan. Click to enlarge.

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Hitachi Chemical acquires 43.9% of Thai lead-acid battery company, plans to buy more

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is acquiring a large portion of the Thai Storage Battery Public Company Limited (TSB Company), a manufacturer of automotive and industrial lead-acid storage batteries mainly in Southeast Asia, with a high market share in Thailand and elsewhere. Hitachi Chemical Co., Hitachi Chemical has acquired 43.9%

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains.

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Tesla battery supplier Panasonic to increase battery production at Giga Nevada

Teslarati

Tesla battery supplier Panasonic is accelerating plans to increase battery cell production at Gigafactory Nevada. Increasing battery production at Giga Nevada would likely help Tesla increase its vehicle production capacity and benefit from the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits.

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UC Davis report urges policy actions to accelerate equitable transition to ZEVs in Global South

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In the report, the Global South is an economic term that refers to low- and middle-income countries in Africa, Eastern Europe, Latin America, the Caribbean and Asia. It highlights the significance of the ZEV Transition Council in facilitating policy developments and fostering collective buy-in among stakeholders.

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