Primarily driven by the large-scale adoption of electric vehicles, the production of lithium-ion batteries has spiked, raising the demand for cobalt—a cause of despair rather than prosperity in the African nation of Congo, where the metal is mined amid horrendous circumstances. “I remember looking at this destroyed landscape and these thousands of bodies laboring over…
‘Rung of Hell’: The Hidden Misery of EV Cobalt Supply Chains
April 7, 2023
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Treasury Sec. Yellen Downplays Recession Risk; Chinese Rocket Plummeting Back to Earth | NTD Business
The White House downplays the risk of a possible economic recession ahead of upcoming economic data, which might show just that. A $3.5 billion electric vehicle battery materials plant is being planned in Nevada—a step forward for the United States in an industry that’s completed dominated by China. Another Chinese rocket is set to crash…
Former Tesla Engineer Aims to Build Next Generation Electric Battery Material Plant in the US by 2024
Sila Nanotechnologies, a battery startup founded in 2011 by a former Tesla engineer, announced on May 3 plans for a new plant based in the United States that will mass-produce material for low-cost next-generation batteries with a longer range and is not dependent on manufacturing in China. “In a commitment to ensure America retains global leadership…
Electric Vehicle Battery Prices Go Up Facing Lithium Shortages and Rising Demand
January 3, 2022
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Electric vehicle battery prices are increasing as the cost of raw materials, especially lithium, is rebounding after a decade of price reductions following a radical growth in the electrification of vehicles by major manufacturers and subsequent hike in demand. The biggest battery manufacturer in the world is China, where the benchmark price of lithium carbonate…
GM Releasing Kits That Can Convert Old Gasoline Cars to Electric Vehicles
December 25, 2021
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General Motors (GM) plans on going beyond manufacturing a fleet of electric cars, according to an announcement Wednesday regarding electrification component sets, which are capable of converting most old gasoline-powered automobiles into new-age electric vehicles (EV). The technology will be used for EV conversion projects and GM expects to target a group of diverse commercial…
Rivian Expanding With New Factory in Georgia
December 17, 2021
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Electric transport startup Rivian will be setting up a second factory in Georgia, according to a company announcement on Thursday, indicating a positive outlook despite posting losses for the recent quarter after a disappointing Wall Street performance. From the proceeds of its Nov. 10 initial public offering, the Amazon-backed electric vehicle startup will invest $5…
Lithium Prices Shoot Up, Disrupting Plans for Electric Car Manufacturers
December 3, 2021
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Car manufacturers are finding it increasingly pricier to manufacture electric vehicles (EV) as the costs of procuring lithium, one of the main components found in every commercial EV battery, has shot up almost 280 percent since the start of the year. The demand for electric vehicles has pushed up demand for the metal, and supply…
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