Australians will need to find a way to dispose of 1.6 million tonnes of disused EV batteries by 2050 as part of its push towards net-zero. The Battery Stewardship Council, along with its research partners, estimates that based on current trends, the volume of EV waste will expand exponentially to 30,000 tonnes by 2030 before…
Australia Eyeing Mammoth 1.6 Million Tonnes of EV Battery Waste by 2050
June 1, 2023
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Ford to Buy Lithium for Electric Car Batteries From Quebec’s Nemaska Lithium
Ford and Nemaska Lithium have signed an 11 year deal that will see the American automaker buy lithium products from the Quebec company for use in electric car batteries. The deal will see Ford become Nemaska’s first customer. The companies issued a joint news release saying Ford will buy up to 13,000 tons a year…
US, Japan Strike Trade Deal on Electric Vehicle Battery Minerals
March 27, 2023
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Asia & PacificBusiness & Marketseconomic policieseconomyEV batteriesInvestmentlithiumMarketsUSUS NewsWorld
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The United States and Japan on Tuesday announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The swiftly negotiated agreement prohibits the two countries from enacting bilateral export restrictions on the minerals…
Britishvolt: Australian EV Battery Startup Completes Takeover of UK Venture
February 27, 2023
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Australian startup Recharge Industries has confirmed that it has completed the takeover of Britishvolt—the UK company that failed to build a battery factory in northeast England. Founded in 2019, Britishvolt had promised to build a £3.8 billion ($4.6 billion) gigafactory to produce batteries for electric cars in Blyth, Northumberland. The company said it would employ…
South Korean Companies Enter US Waste Battery Recycling Business to Reduce Mineral Dependence on China
September 17, 2022
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Asia & PacificBusiness & MarketscobaltCompaniesElectric VehiclesEV batteriesInflation Reduction Actlithiumlithium batteriesMarketsNickelSouth KoreaWorld
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Amid the rising global demand for electric vehicles and the U.S.’s passage of the Inflation Reduction Act, many South Korean companies have entered the U.S. battery recycling market. And those that rely heavily on China for key minerals are diversifying their supply chains, and one of their solutions is reusing waste batteries. The Inflation Reduction…
EV Battery Recycling Faces Hurdles: Experts
California is moving to phase out gasoline cars and pushing the transition toward electric ones. We look at how the shift is helping China. Is the global supply chain at stake, again? A number of Chinese cities are now under lockdown, impacting millions and shutting down the “world’s factory.” Washington is boosting its partnership in…
Honda and LG Announce Plan to Invest $4.4 Billion in US Electric Vehicle Battery Plant
August 29, 2022
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Japanese automaker Honda Motor Co. Ltd. and South Korean battery producer LG Energy Solution announced on Aug. 29 that the companies will invest in a new lithium-ion battery plant for electric vehicles (EVs) in the United States. The two East Asian companies are expected to shortly sign a joint venture agreement before proceeding with the…
Honda and LG Announce Plan to Invest $4.4 Billion in U.S. Electric Vehicle Battery Plant
August 29, 2022
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Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyelectric vehicleenergyEV batteriesHonda MotorInvestmentLG ElectronicsUSWorld
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Japanese automaker Honda Motor Co. Ltd. and South Korean battery producer LG Energy Solution announced on Aug. 29 that the companies will invest in a new lithium-ion battery plant for electric vehicles (EVs) in the United States. The two East Asian companies are expected to shortly sign a joint venture agreement before proceeding with the…
Electric Vehicles: Not a Deal for You or the Environment
July 27, 2022
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Used cars cost more than ever, but there is an exception to this. Used electric vehicles (EVs) may appear to be a bargain in today’s used car market. A woman in Florida purchased a used 2014 Ford Focus Electric for $11,000. It had 60,000 miles on it. After driving it a few months, lights started…
Automotive Giant Stellantis Buys Stake in Aussie Miner as Lithium Costs Skyrocket
June 24, 2022
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AustraliaBusiness & MarketsCompanieseconomic policiesElon MuskEuropeEV batteriesInternationallithiumnet zeroStellantisWorld
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The world’s fifth-largest automaker Stellantis—manufacturer of 14 makes, including Jeep, Maserati, and Chrysler—will become the second-largest shareholder of Australian lithium miner Vulcan Energy Resources. To fuel its ongoing electric vehicle sales, the carmaker will pay $76 million (US$52.45 million) to acquire an eight percent stake in Vulcan. The move comes as electric automakers explore ways…
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