The Cybertruck is a battery metal beast

Battery day and night Tesla started deliveries of its much-anticipated Cybertruck late last year and, while reactions to the triangle truck have ranged from ecstatic to dismissive, no-one seems able to ignore the gleaming one-of-a-kind vehicle.   The Cybertruck – only the sixth production vehicle in the Tesla stable – sports the company’s proprietary 4680…

Canada’s new EV mandate will shower money on Tesla

Revolving credit  Canada’s new Electric Vehicle Availability Standard (EVAS) mandates that 20% of new passenger vehicle sales must be full electric (BEV) or plug-in hybrid electric vehicles (PHEV) by 2026, 60% by 2030 and 100% by 2035.   Environment and Climate Change Canada’s new rules are similar to regulations in California (first introduced in 1990)…

Chinese EV buyers fall in love with big trucks, MPVs and SUVs

Chinese opt for bulkier, beefier and brawnier  The combined battery capacity of EVs, including plug-in and conventional hybrids, sold in China through September this year has reached 245 GWh – more than half the global total and already within shouting distance of the country’s 2022 calendar year tally.   While OEMs and manufacturers are assembling…

Weekly Lithium Lowdown with Chris Williams – Week 50, 2023

Livent invests in EnergySource Minerals DLE technology ILiAD Livent announced it has acquired a minority stake in ILiAD Technologies’ parent company, a subsidiary of EnergySource Minerals. The companies did not disclose financial details of the deal. The ILiAD absorption DLE technology has been under development for seven years, principally for the Salton Sea geothermal resources…

Chinese EV buyers get four more years of tax breaks as US incentives fall flat

Low eligibility bar Beijing this week unveiled new technical requirements for EVs eligible for tax breaks and the bar has been set low enough that over 90% of electrified passenger vehicles sold in the country will qualify according to the ministry responsible.   From 2024, Chinese buyers would not have to pay tax on a…

Average battery capacity converging in top EV markets

German packs take a leap In Q3 2023, the sales-weighted average EV sold in Germany, including PHEVs and HEVs, had a battery capacity of 42.3 kWh, the highest among the top three EV markets globally. In second spot, the sales-weighted average EV sold in China during the same period had a battery capacity of 41.7…

New anti-China rules keep US in electric vehicle slow lane

China-free from mine to megawatt  In a move aimed squarely at China, the US last week issued long-awaited new rules to limit the use of EV batteries and raw materials from so-called foreign entities of concern (FEOC).    The Dept of the Treasury rules define an FEOC as any company that is controlled by or…

Renault will have to amp up electric car unit for IPO

Proposed listing comes at difficult time for EV stocks   Renault is moving ahead with a spring 2024 public listing for its electric car unit Ampere, CEO Luca de Meo told reporters last month.   De Meo said the spin-off from Renault is being set up to become Europe’s top EV producer “by making cheaper…

Rivian’s R1T gets it r1ght in America

Maker of best-selling R1T to produce next-gen electric truck at $5 billion Georgia factory       Rivian Automotive plans to raise up to $15 billion in debt to through state and local government for an electric vehicle manufacturing plant in the US state of Georgia.  The bonds will be issued by the Georgia Department of Economic…

Ford shrinks US LFP battery plant capacity by more than 40%

Dearborn restarts work on a much-reduced BlueOval battery park in Michigan In a terse statement, Ford Motor Company announced this week it is resuming work on its BlueOval Battery Park in the US state of Michigan, but the plant will now be a 20 GWh a year facility and not the 35 GWh factory announced with…

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