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...The vaunted solid-state battery for electric cars is still years away from commercialisation with “a lot of showstoppers” blocking its development, said the head of the Chinese company that dominates the...
...The company, formerly the automotive division of GKN, specialises in making side-shafts that fit into both electric and engine-powered cars, giving it around six months of visibility of supply across all...
...The cobalt market has been overwhelmed by a record glut as Chinese companies boost their output, with the surplus of the key electric car battery metal set to last until 2028, according to an influential...
...But the company also has a close eye on other markets....
...Tavares raised doubts over the Fiat factory in Turin, home to the company’s founding Agnelli family, and a plant near Naples if Giorgia Meloni’s government refused to further subsidise electric vehicles....
...Ford will cut output of the electric version of its popular F-150 pick-up....
...factors such as US group Tesla using its Shanghai factory to supply parts of the European market....
...Recently, Spanish bank BBVA issued a loan to electric utility company Iberdrola where the rate of interest was linked to specific water indicators....
...The news comes as another Chinese company considers investing in a new UK gigafactory, producing batteries for electric vehicles, in spite of ministerial concerns of Britain becoming “over-reliant” on Chinese...
...Like other battery metals, it is suffering from supply growth — 17 per cent in 2023....
...Their challenges would include China’s three-quarters share of global battery cell production capacity and its dominant position in supply chains for critical raw materials, such as cobalt and lithium....
...The fallout has pushed miners — mainly in Australia, which produces 40 per cent of the world’s supplies — to constrain production as decelerating demand for electric vehicles leaves stockpiles of half-processed...
...The SMMT’s Hawes said the new sales mandate could “compel supply, but it can’t compel demand”....
...First, they decided that the century-old company would reposition itself as a forward-looking “mobility” group that would stand out in a crowded field with a fleet heavy on Tesla’s electric vehicles....
...’s automotive companies....
...In theory, joining forces could mean integrated supply chains and optimised operations....
...European plans of creating a battery supply chain for electric cars independent of China face big delays as companies focus on the US market because of clean energy subsidies, a top manufacturer has warned...
...Gas-fired power plants supply almost 40 per cent of the UK’s annual electricity on average. But their contribution is far higher on still days when output from wind turbines is low....
...“If we have a change in administration, you will probably see the US automakers start sounding like Toyota saying 30 per cent electrification forever,” said Tim Bush, an electric vehicle supply chain analyst...
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...Replacing China in supply chains will take time. It is the largest producer of key components in electric vehicle battery production....
...Companies such as BMW, Mercedes-Benz and Volkswagen are scrambling to ramp up EV sales while a growing number of Chinese start-ups announce electric model launches in Europe....
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
...But when Takero Kato, the head of the Toyota division tasked with building electric vehicles, travelled through China in 2018 he was shocked by what he found....
...China is also comfortably the biggest player in global supply chains for solar panels, wind turbines, electric cars and other major technologies, and is investing in manufacturing capacity in other regions...
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