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Australia, Indonesia should team up for battery supply chains, ACEN CEO says – ET Auto

Baua Electric

“It’s worth noting that there is concentration of risk for lithium battery production, with over 70% being produced in China alone,” said, ACEN CEO Eric Francia.

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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

Green Car Congress

This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices. However, in the longer term, demand for cobalt will outpace supply, lifting prices and supporting a new wave of supply side investment.

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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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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said.

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Sumitomo Metal Mining to boost production of NCA for Li-ion batteries by 38%; targeting Tesla Model 3

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SMM is targeting supplying Tesla with the battery materials for the Model 3 being released next year. SMM supplies the nickel-based material to Panasonic which builds the cells.). SMM also intends to increase its production of nickel by 20% at its Taganito nickel refinery in the Philippines.

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EIB awards €17M to QEV to advance zero emissions transport in developing countries

Green Car Congress

This includes supplying ‘e-kits’ to enable the electrification of public transport vehicles—both in the production of new models and the conversion of those already in service—in Asia, Latin America and Africa. In Manila alone, Jeepney’s produce 3,654 tons of CO 2 per day.

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TM4 China JV receives order for 200 SUMO HD electric powertrains from Foton

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The direct-drive system yields more than 10% efficiency gains throughout the driving cycle, representing an equivalent gain in battery usage, the company said. The joint venture is supplying clients in the Peoples Republic of China, Taiwan, Hong Kong, Macao, Indonesia, Philippines, Thailand, Singapore and the rest of ASEAN countries.

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