EV Radar: June 2022

Noodoe

The shortage is concerning as many EV companies do not fully comprehend the full depth of lithium mining. Aligned with this goal, the parent company has already made a deal to build its own battery factory in Indiana with Samsung.

EV Radar: May 2022

Noodoe

Funds for Supply Chain. US$3 billion will be dedicated to battery manufacturing and support solving the supply chain issues that many automakers are facing today. This will be a significant push to further accelerate EVs’ supply chain and manufacturing.

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Trending Sources

GlobalData: Global lithium production to triple over the next four years

Green Car Congress

High growth in demand for lithium batteries is spurring three-fold growth in mine production of lithium over the next four years, with 86kt of new lithium metal capacity coming on stream, according to data and analytics company GlobalData. After moderate growth in lithium supply between 2010 and 2017 of 6.4%

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Elon Musk is projected to become the World’s First Trillionaire in 2024

Teslarati

Musk’s wealth skyrocketed over the past few years thanks to his majority ownership of his electric car company Tesla, which increased in value substantially since 2020.

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