article thumbnail

Magnis signs offtake agreement with Tesla for anode active materials; N. American production

Green Car Congress

Under the agreement, Tesla will purchase a minimum of 17,500tpa starting from February 2025 with a maximum of 35,000tpa for a minimum 3-year term at a fixed price. The development of Pilot Plant facilities for both Nachu (Tanzania) Graphite concentrate and AAM has commenced with equipment orders initiated and new hires recently appointed.

Tanzania 397
article thumbnail

Tesla Effect: Japan’s AC giant innovates to prepare for Elon Musk’s HVAC project

Teslarati

There’s something remarkable about the “Tesla Effect” in the way that it fosters innovation not only on segments that the company is already competing in but in markets that the electric car and energy company is still yet to enter. Instead, they would simply have to pay an initial installation fee of $77 and about $1.40

Tesla 132
article thumbnail

Gravita India largest battery recycling firm enters into EV recycling business

Electric Vehicles India

The EV battery recycling market is still in its early stage. The recycling of batteries demand is expected to become feasible in more than 6-7 years, till then the Gravita India will be market-ready. Under this contract, Gravita shall collect and purchase Lead Acid Battery scrap from designated locations of Amara Raja.

India 88
article thumbnail

A closer look at graphite—its forms, functions and future in EV batteries

Charged EVs

After they’re done with their concentration, now you have 95% purity of carbon in this material called flake graphite, or concentrate, and that’s the material that companies like ours will purchase for further processing. That’s not currently what the market really wants.

Future 114
article thumbnail

Roskill: Spread of COVID-19 threatens cobalt supply; bottlenecks out of DRC

Green Car Congress

As COVID-19 continues to spread worldwide, the pandemic is having an unprecedented impact on the global economy and commodity markets, including cobalt. Roskill expects the cobalt market to face more severe supply disruption should the prevention and control measures be further extended on a global scale. Gulley, Erin A.

Supplies 307