article thumbnail

What Causes Electric Scooters to Be Expensive in India?

Get Electric Vehicle

The price of the lithium-ion batteries used in the EVs is the main culprit for the high initial cost of any electric vehicle in any part of the world. The main raw materials of a Li-ion battery are Lithium, Nickel, and Cobalt. They are scarce but hold roles in the proper functioning of the Li-ion batteries.

India 52
article thumbnail

Benchmark: China dominates Li-ion battery supply chain

Green Car Congress

China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. —Albert Li, an analyst at Benchmark.

Li-ion 293
article thumbnail

AVZ signs binding SC6 offtake agreement with major Chinese lithium converter Yibin Tianyi, supplier to CATL

Green Car Congress

for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC). We are very pleased to conclude our discussions with Yibin Tianyi and to sign another binding offtake agreement for SC6 to a Chinese converter. Li 2 O for the Roche Dure Pegmatite alone.

Convert 448
article thumbnail

IDTechEx: market for EV powertrain materials to reach $47B by 2030

Green Car Congress

For example, while the combustion engine and transmission relies heavily on aluminum and steel alloys, Li-ion batteries alone also require a great deal of nickel, cobalt, aluminum, lithium, copper, insulation, thermal interface materials and much more at the cell and pack level.

Market 243
article thumbnail

The raw materials crunch: How bad, how long, how to solve it?

Charged EVs

Cell prices on a dollar per kilowatt-hour basis are set to rise this year—the first year in the trend of the modern lithium-ion battery that we will see cell prices reverse, and that’s solely—well, primarily, let’s say—due to raw material prices increasing. “In governments) need to become much more proactive.