Remove Battery Remove Industrial Remove Low Cost Remove South America
article thumbnail

Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto said the acquisition demonstrates its commitment to build its battery materials business and strengthen its portfolio for the global energy transition. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate. —Rio Tinto Chief Executive Jakob Stausholm.

Argentina 259
article thumbnail

The EV Battery Wish List

Cars That Think

A battery will be the high-voltage heart of each of those 77 million electric vehicles, and by far their most expensive component, setting off a worldwide race to ethically source their materials and crank up production to meet exploding demand. Yet propelling this full-size luxury barge still demands a 112 kWh battery aboard.

article thumbnail

BYD to slash EV prices even more with new platform as it looks to crush ICE car sales

Baua Electric

A new report claims BYD’s new EV platform will slash costs even further as the automaker kicks off a “liberation battle” against gas-powered cars. Best known for its low-cost EVs, such as the Dolphin, Atto 3, and sleek Seal sedan, BYD is taking its game up a notch in 2024. BYD is leading an offensive against ICE vehicles.

BYD 52
article thumbnail

China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

But now China has said it will “rein in” some of its huge EV expansive in response to criticism of “unfair” industrial and trade policies. There are also some disorderly competition behaviors,” Xin Guobin, vice-minister of industry and information technology, told the Financial Times. What that means is anyone’s guess.

China 52
article thumbnail

Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union. million fully battery-electric vehicles last year, coming close to Tesla’s 1.8

Chinese 52
article thumbnail

Lithium X acquires largest land position in Nevada’s Clayton Valley

Green Car Congress

Randall is a professional geologist and qualified person (QP) with extensive executive and technical experience in lithium exploration and development in the Clayton Valley and in South America. is a lithium exploration and development company with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry.

Nevada 150
article thumbnail

Toyota Group Company to Form JV with Australian Lithium Resource Developer to Secure Access to Competitive Lithium Carbonate Production

Green Car Congress

Toyota Tsusho’s interest in the project stems from the desire to increase its exposure to reliable and diversified lithium supplies as global demand for lithium batteries in the automotive sector continues to grow. Toyota Motor Corporation and Panasonic are partners in the development and productions of lithium-ion battery packs.

Toyota 199