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Core Lithium and Tesla enter into binding term sheet for the supply of lithium

Green Car Congress

Australia-based Core Lithium has entered into a legally binding Term Sheet with Tesla for the supply of up to 110,000 tonnes of Li 2 O spodumene concentrate from the Finniss Lithium Project over a term of 4 years, with pricing referenced to the market price for spodumene concentrate, subject to a price floor and ceiling.

Supplies 195
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Tesla India teams reassigned to other Asia-Pacific markets

Teslarati

Tesla shifted its other workers from India to focus on the APAC unit, including Australia, New Zealand, South Korea, and Taiwan. . According to the The Economic Times , India places a 60% import duty tax on electric vehicles priced $40,000 or lower and 100% import duty tax on EVs priced higher than $40,000.

Asia 98
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Sandy solution for renewable energy storage; Thermal Energy Storage System

Green Car Congress

Australia-based Latent Heat Storage has developed a low cost thermal energy storage system based on the latent heat properties of silicon derived from sand. Our system also means that energy consumers will be able to purchase stored electricity off-peak at low tariffs, which ultimately means cheaper energy. —Jonathan Whalley.

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Roskill forecasts demand for neodymium for magnets to result in supply deficit; substitutions by 2021

Green Car Congress

The neodymium price will rise towards the point of inflection, above which magnet consumers will begin to replace NdFeB magnet technologies with substitutes, Roskill says. The green energy sector is the most vulnerable to price rises because of the large size of magnets used.

Supplies 186
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New South Wales waives stamp duty on EVs & spends $171m on chargers 

Electric Vehicles India

The New South Wales (southeastern Australian state) government waive stamp duty on electric vehicle purchases. As part of a $490m strategy to drive uptake of electric vehicles, it will provide subsidies for 25,000 new purchases. Read further to know more about New South Wales stamp duty on EVs and chargers. . Last year only 0.75

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Which EV manufacturers performed the best in 2024 so far?

Baua Electric

Tesla’s volumes in China, Western Europe, North America, as well as Australia and New Zealand all declined compared to the first half of 2023. The BEV builder is facing fierce pricing competition in China, while its refreshed Model 3 suffers rollout delays. This large sedan comes with a starting price as low as ¥89,000 ($12,400).

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Tesla files patent to recover and recycle nickel and cobalt in old batteries

Teslarati

It is sometimes difficult or expensive to purchase metal sulfate products from the market due to their limited availability,” the patent states. The patent, if granted, would open doors for Tesla to recover some of the most crucial elements of an electric vehicle or energy storage battery. Why this is a big deal.