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Snow Lake Lithium seeking to develop first all-electric hard-rock lithium mine to supply N. American EV industry

Green Car Congress

Canada-based Snow Lake Lithium has outlined plans to develop the first all-electric hard-rock lithium mine in Manitoba, Canada, thereby developing a domestic supply of this critical resource to the North America electric vehicle industry. million metric tonnes indicated and inferred resource at 1% Li 2 O.

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Toyota and Toyota Industries announce new battery for hybrid electric vehicles

Green Car Congress

Toyota Motor Corporation and Toyota Industries Corporation announced that they have jointly developed a new battery for hybrid electric vehicles (HEV) in anticipation of the further development and market introduction of HEVs, which are forecasted to expand rapidly in the future.

Toyota 207
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Vale Canada to supply Northvolt with low-carbon nickel products for batteries

Green Car Congress

Vale Canada and lithium-ion cell producer Northvolt AB announced a multi-year agreement for Vale to supply low-carbon nickel products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric vehicle supply chain and electrification of the broader mining industry.

Canada 327
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Direct lithium extraction company EnergyX secures $20M in funding commitments

Green Car Congress

Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M Earlier post.) tons by 2040.

Companies 448
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Watt Electric Vehicle Company (WEVC) launches new ‘off the shelf’ performance EV platform

Baua Electric

Watt Electric Vehicle Company (WEVC) has unveiled a new lightweight modular EV architecture to build several low—to medium-volume vehicle designs, such as sports coupes, off-road buggies, and rideshare vehicles. Source: WEVC Watt Electric Vehicle Co. Source: WEVC Watt Electric Vehicle Co.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Most of this growth is driven by an ever increasing demand for electric vehicles. Manufacturing the additional 2.7

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MP Materials and Sumitomo to strengthen rare earth supply in Japan

Green Car Congress

and Sumitomo Corporation announced an agreement to diversify and strengthen rare earth supplies in Japan. Further, the companies will collaborate on the supply of rare earth metals and other products. SC has a long history in the rare earth industry. US-based MP Materials Corp. China is the world’s leading producer.

Japan 225