article thumbnail

BYD breaks ground on its first sodium-ion EV battery plant

Baua Electric

The world’s largest EV maker, BYD , broke ground on its first sodium-ion battery plant this week. You likely heard that BYD just topped Tesla in overall EV volume to become the largest electric car maker globally. However, BYD is also a top global battery manufacturer. BYD is investing $1.4

Sodium 52
article thumbnail

Tsinghua researchers conclude surging lithium price will not impede EV boom

Green Car Congress

Although the current 10-fold price spike of lithium is giving the electric vehicle market a sharp short-term shock, a study by a team from Tsinghua University indicates that it will not hinder transportation electrification in the long run. Contrary to anticipation, the global LIB supply chain is currently haunted by market fluctuations.

Price 199
article thumbnail

EV Guru: Sodium-Ion Batteries are Coming Sooner Than You think!

Plug In India

The aim is to build batteries at a large scale to reduce prices. Video: EV Guru: Sodium-Ion Batteries are Coming Sooner Than You think! “Price of lithium has gone to insane levels!” The mining industry cannot keep up with the demand, so the alternative is to manufacture batteries based on sodium chemistry.

Sodium 59
article thumbnail

Battery revolution! Has Stellantis cracked the code for super-cheap EVs that will undercut ICE?

EV Central

The global auto giant Stellantis has done a deal with a French battery-maker to secure fresh sodium-ion battery technology for its future EVs that could see electric cars finally undercut petrol cars on purchase price. Not that sodium-ion batteries are perfect, not just yet at least.

Cheap 87
article thumbnail

First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

The feasibility study demonstrates that the First Cobalt Refinery project can become a viable, globally competitive player in the North American and European electric vehicle (EV) supply chain. The study shows strong asset-level economics that position the refinery to be competitive globally and provide attractive investment returns.

Sodium 221
article thumbnail

Nornickel presents market review of nickel and platinum group metals

Green Car Congress

This was caused not only by a 45% price increase in 2022 and a subsequent correction, but also by worsening market fundamentals. At the same time, robust demand for nickel in alloys and special steel sectors supports prices of the exchange-traded Class 1 nickel. Platinum Group Metals (PGM). million ounces from 0.8

Market 304
article thumbnail

Compass Minerals signs non-binding agreement to supply LG Energy Solution with battery-grade lithium product starting in 2025

Green Car Congress

As outlined in the MOU, purchase pricing would be based on market price and sales volume thresholds would be dependent upon product qualifications. Securing key raw materials has become critically important, in order to maintain our lead position in the global battery market.

Supplies 199