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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

Green Car Congress

The remaining €30 million will be in the form of a convertible loan agreement in the amount of €30 million with a 6-month maturity, an interest rate of 7% per annum and a conversion price of €4.88 Hawtai currently has an annual production capacity of 350,000 vehicles, 300,000 diesel engines and 450,000 automatic transmissions.

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Benchmark: China dominates Li-ion battery supply chain

Green Car Congress

Lithium is typically shipped to China for conversion to lithium carbonate or lithium hydroxide. Much of this is also sourced from Chinese-owned mines in the DRC. Not only does China mine 64% of natural flake graphite, it has a monopoly on conversion to spherical graphite needed for anodes.

Li-ion 293