Trailing 12-month battery metals consumption scales 1m tonnes for the first time In the past 12 months 1,357 kilotonnes of graphite, lithium, nickel, cobalt and manganese were contained in the batteries of electric vehicles sold around the world, a 45% jump over the 12 months prior. The world’s number one EV cell manufacturer, Contemporary…
Eurozoned out When measured in terms of GWhs of battery power rolled onto roads in newly sold vehicles (which provides a clearer picture of how fast the car parc is electrifying than sales alone), the global passenger EV market as a whole is in decent shape but key markets outside of China have hit a…
Tesla’s gap During January and February 2024, a combined 77.8 GWh of fresh battery capacity was deployed onto roads globally in newly sold full electric vehicles (BEVs), 23% more than the same two months in 2023. Given that China represents half of the global EV market, and to smooth out the impact of the lunar…
New York to Miami BYD, the world’s top electric passenger vehicle maker by volume, this week unveiled two new plug-in hybrid (PHEV) models with an eye-popping range of 1,300 miles (2,100 kilometers). That’s enough to do a trip without recharging or refueling from Washington via New York to Montreal – and back. Or New…
China 1 in 3 Chinese electrified passenger vehicle sales continue to pull ahead of the rest of the world with EVs, including plug-in and conventional hybrids, leaving dealership lots up by more than 33% in the first quarter of this year compared to 2023. At 2.1 million units in Q1 2023, Chinese buyers drove…
Barriers to entry The Biden administration on Tuesday quadrupled import tariffs on vehicles made in China, first implemented by the Trump White House in 2017, lifting levies to a whopping 100%, effective this year. Import duties on lithium-ion cells and components from Chinese manufacturers were also increased from 7.5% to 25% effective in 2024. Rare…
Another Geely listing Zeekr Intelligent Technology Holdings surged on its first day of trading in New York with the electric car brand raising $441 million after pricing the IPO at the top end of the range and upsizing the number of shares offered. Shares in Zeekr, one of the brands under the sprawling Geely automaking…
EV impetus As if the Chinese EV market was not expanding at a breakneck pace already, Beijing this month relaxed new vehicle financing rules and axed 15% downpayment requirements in place since the beginning of 2018. It’s just the latest incentive intended to spur already red hot demand in the world’s largest vehicle market and…
Adamas Intelligence data shows the combined battery capacity of Teslas sold in February totaled 9.2 GWh representing 1 out of every 5 kWhs rolled onto roads worldwide for the first time.
India-made Model 2? Elon Musk told India’s prime minister Narendra Modi during a state visit to the US in June last year that Tesla would be in India “as soon as humanly possible”. Turns out before the end of April is what is humanly possible. According to a report by the FT last week,…
