Remove Cost Of Remove Global Remove Purchase Remove Resource
article thumbnail

Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

Green Car Congress

This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.

article thumbnail

Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

Green Car Congress

Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. They have a combined 2022 Adjusted EBITDA of $260 million. lb nickel for open pit; c.

Purchase 195
article thumbnail

The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% However, relative to other parts of the value chain, global investment in mining of energy transition metals is lagging. Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc.

Carbon 352
article thumbnail

GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

Green Car Congress

GM and our supplier partners are creating a new, more secure and more sustainable ecosystem for EVs, built on a foundation of North American resources, technology and manufacturing expertise. —Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain.

GM 243
article thumbnail

The Global Outlook of Electric Vehicles

Blink Charging

Needless to say, EV sales are increasing globally. In fact, China accounted for half of the worldwide growth of EV sales in 2021, and IEA writes that more EVs were purchased there in 2021 than in the entire rest of the world throughout 2020. In total, the International Energy Association reports , 6.6

article thumbnail

Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

In China, the company has been introducing EV models while utilizing local resources; Honda will further accelerate this approach from here forward. Honda will also further pursue the utilization of local resources, which includes strengthening our collaboration with CATL for the supply of batteries. Advanced Battery Technology.

Honda 400
article thumbnail

California Air Resources Board Launches $20M in Funding Assistance for Heavy-Duty Hybrid Trucks and Buses

Green Car Congress

The California Air Resources Board launched a $20 million funding assistance program designed to spur the purchase of hybrid trucks and buses that reduce smog-forming pollution and address climate change. Hybrid vehicle technology can reduce truck and bus emissions by 20 to 50 percent, including gases that contribute to global warming.