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Researchers have uncovered an enormous lithium deposit in southwestern Arkansas – a discovery that has the potential to remake the electric vehicle industry and bolster the US' position in the clean energy race. Read Entire Article
In addition, Soviet and Ukrainian geoscientists identified deposits of lithium and rare earth metals that remain undeveloped. Its the largest source in Europe and the fifth largest globally. None of these had been mined there as of early 2025, though a lithium deposit had been licensed for commercial extraction.
Lithium, the crucial ingredient in the lithium-ion batteries that will power everything from your Tesla to your iPhone. . The problem is, extracting lithium is expensive , time-consuming, labor intensive and takes a serious toll on the environment. Image Credits: Minerva Lithium. The most precious of all?
With its first electric vehicle now outselling the quintessential 911 sports car, the German automaker is responding by upping its bet on EVs, in part via a hefty investment in lithium-silicon battery developer Group14 Technologies. Porsche injected $100 million into Group14 as part of a larger $400 million Series C funding round.
One of the key target resources is lithium, a critical component for smartphones, electric vehicle batteries and nearly every other electric tool of modern convenience and industrial import. That’s one reason why DuPont is making a push to prove out its extraction technologies.
Microsoft collaborated with the Department of Energy's Pacific Northwest National Laboratory (PNNL) to discover a novel material that could alleviate the global dependence on lithium in the production of rechargeable batteries.
Chinese battery giant CATL is calling for greater effort to make electric vehicle batteries more sustainable, with chief executive Robin Zeng recently claiming that more than half of all new batteries could be produced using recycled lithiumglobally in 2042. Speaking at the World New Energy Vehicle Congress on Sept.
The South Korea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. The latter is an important selling point, as electric vehicle makers face a potential shortage of lithium ion batteries. VIB cannot be as compact as lithium ion.
Chinas largest car company, BYD , became the worlds second-biggest EV maker in 2024 due to the rollout of its ultra-affordable models such as the $11,000 Seagull as it grows its global footprint. But the mid-2023 launch of BYDs most affordable modelthe four-figure Seagull compact carignited BYDs exponential sales run.
Not with next year's rule changes that will see even bigger lithium-ion batteries and an even more powerful electric motor, paired with a turbocharged V6. He also ruffled feathers when the FIA opened up the entry process for new teams into the sport and then approved an entry by Andretti Global.
Beijing is planning to revise its rules controlling global access to battery manufacturing technologies in a tit-for-tat move after major Western economies including the European Union and the United States decided to impose punitive tariffs on China-made electric vehicles. The proposed measures are open to public review until Feb.
Virgin lithium mining is a focal point for the U.S. Yet, there is another primary source to secure key battery materials (lithium, nickel, cobalt, and manganese), and that is recycling end-of-life and scrap batteries. produces black mass (the output recycling lithium-ion batteries metals that can be put back into the supply chain).
General Motors announced a new joint venture with SolidEnergy Systems, a spinoff of the Massachusetts Institute of Technology that is focused on improving the energy density in lithium-ion batteries. Anode-free” lithium metal battery. In the long run, what this is going to mean is more range and lower cost”.
Other Series D participants include bp ventures and Golden Energy Global Investment. Its novel lithium-ion cell design claims to be capable of extremely fast charge rates and able to charge a vehicle from flat in just a few minutes. VinFast licenses and makes BMW-based cars out of Vietnam. ”
It’s pretty rare that I get a whiff of a company that has a clear path toward cutting global carbon emissions by a full percent — but that’s what Rondo Energy pitched to its investors and customers, raising $22 million and setting some very excited environmentalists’ hearts a-flutter in the process.
An electrical short in the Kona’s lithium-ion battery cells increases the risk of fire while parked, charging, and driving, NHTSA said, adding, “The safest place to park them is outside and away from homes and other structures.”. It was the second recall for the Kona but the first one that was global in nature.
17, entering a global competition to bring the potentially transformative technology to play in electric vehicles (EVs). Meanwhile, the Chinese partner of Toyota and Honda expects its first wholly-owned battery plant to start rolling out conventional lithium-ion batteries later this month. The RMB 10.9 billion ($1.5
Given the popularity and hype surrounding similar models from Juiced, Rad Power Bikes, and Lithium Cycle, as well as the growing electric moped market globally, it would be wise for Harley-Davidson to jump on the bandwagon and put these bad boys on the streets.).
Ford will spend $30 billion on electric vehicles by 2025, and says 40 percent of its global fleet will be all-electric by 2030. The company will brand the lithium-ion packs for passenger vehicles as “IonBoost,” in a nod to its efficient EcoBoost engines. Image: Ford.
Credit: YOUIBOT About YOUIBOT YOUIBOT is a leading global provider of mobile robot solutions, applying high-precision Slam navigation mobile robots and application software systems. Credit: YOUIBOT With this logic, industries such as semiconductors and lithium batteries become our primary focus.
” At just 2 degrees warmer than today, one estimate predicts more than 300,000,000 climate-related deaths globally by 2100. Global warming is overwhelming and feels impossible to fix. It’s cheap, on-demand, universal, portable, an order of magnitude more efficient than lithium-ion batteries, and much safer.
A bunch of burning lithium-ion batteries could complicate the recovery of the massive, abandoned cargo ship in the Atlantic Ocean containing thousands of Porsches, Volkswagens, Bentleys, and Lamborghinis. The fire is another blow to VW at a time when the global semiconductor shortage and supply chain disruptions are roiling the auto industry.
The automaker has already sold around 43,000 Taycans globally to date, though it claims (without further clarification) that only a small number are affected. Tesla recently switched to a lithium-ion 12-volt battery in the new Model S Plaid, though CEO Elon Musk has also talked about the potential benefits of using a 48-volt system.
For the drivetrain, NIU is offering a 350W motor and 486Wh lithium-ion battery pack for the Pro kick scooter, while the Sport will be powered by a 300W motor and 365Wh battery pack. Global retail sales will begin in August 2021, with the scooter able to be purchased online or in any of NIU’s dealerships and stores in Europe and North America.
Renaults electric vehicle arm Ampere on Monday announced it will integrate lower-cost lithium iron batteries into several models under the Renault and Alpine brands over the next years in partnerships with Chinese battery maker CATL and South Koreas LG Energy Solution. CATL recorded shipment of 27.7
The company projects that considering the whole lifecycle cost of its product, the cost of storing energy will be about half of the cost of storing with similarly sized lithium-ion batteries. The tech is pretty neat — the company is using CO 2 in a closed-loop cycle where it changes from gas to liquid and back to gas.
plans to merge with , Spartan Energy Acquisition Corporation, which was formed by investment firm Apollo Global Management. The presentation was one of many pages of documents filed with the Securities and Exchange Commission by the publicly listed company Fisker Inc. Fisker plans to become a publicly traded company on the NYSE.
The battery factory will primarily engage in the production and sale of lithium-ion batteries and other power batteries, according to the firms announcement. of the global battery market share with a cumulative shipment capacity of 4.6 of the global battery market share with a cumulative shipment capacity of 4.6
According to Deloitte , 130 million e-bikes are expected to be sold globally between 2020 and 2023, making them the most popular battery-powered vehicle on the planet. Over 547,000 e-bikes were sold in the Netherlands last year, or 54 percent more than the total number of cars, both gas and electric.
and globally,” Scott Cassel, CEO of the nonprofit Product Stewardship Institute, said in an email to The Verge. Apple’s AirPods, for example, tend to have a shorter shelf life than traditional headphones because it’s so hard to replace the lithium-ion battery inside.
Battery Resourcers , a startup that’s developing a closed-loop approach to lithium-ion battery materials, has raised $70 million in mid-round funding to scale its commercial operations across two continents. The company, which is based in Worcester, Massachusetts, doesn’t just recycle batteries.
We would like to get out of cobalt altogether and have a zero cobalt situation,” said Doug Parks, GM’s executive vice president focused on global product development, purchasing and supply chain. The company also recently struck a deal to source lithium , a key ingredient in electric-car batteries, from geothermal deposits in the US.
Just take a look at Swedish lithium-ion battery producer Northvolt. Other deals that caught my attention … Accure , a startup that uses AI to predict lithium-ion battery failures, raised $7.8 Climate-tech fund Blackhorn, lithium-mining giant SQM and mobility-focused investor Proeza also participated.
This step is anticipated to aid the Chinese EV giant in solidifying its market presence, capitalizing on its expertise in producing lithium-iron-phosphate (LFP) batteriesa skill that local battery producers like LG Energy Solution and Samsung SDI have struggled to master. An individual familiar with the matter provided this information.
Spartan, which was started by Apollo Global Management, is a “blank check company” or “special purpose acquisition company” — essentially an entity with no real business that gets listed on a stock exchange and then seeks out a company to merge with, thereby offering something of a shortcut around the traditional IPO process. . — Fisker Inc.
The Tennessee plant will be a “mega campus” that houses a vehicle-production facility for Ford’s F-series pickup trucks and a battery assembly division, while the twin factories in Kentucky will manufacture lithium-ion batteries. This is show, not tell time”. Ford says it will spend $7 billion, while SK Innovation will contribute $4.4
Why it matters: The development is the latest example of liquid-state lithium-ion pack leader China ramping up effort s to master the technology, as global auto giants expect solid-state batteries to give them an edge over competitors in the EV transition. The IM L6 sedan is scheduled for launch in May.
It also claims the CO 2 Battery can store renewable energy with “75% RTE (AC-AC, MV-MV)” — meaning that for each unit of renewable energy stored the system is able to return 75% for later usage — doing so at a cost that it says is half the price of lithium batteries. Europe, South America, India and Australia.
Less than a month after announcing a partnership with India’s largest two-wheeled vehicle maker , Gogoro is taking another big step in its global expansion plans. Gogoro’s new deals in India and China are the biggest steps it has taken for its global strategy since launching the first Gogoro Smartscooter in 2015.
Our goal is to help bus owners in Kenya realize these savings, and in the process, help Kenya become a global leader in sustainable public transport,” said Bhattacharya. Bhattacharya is not new to the field of electric vehicles, having been a technology leader in rechargeable (lithium-ion) batteries for more than 12 years.
That’s despite a global semiconductor shortage and delays in the rollout of the refreshed Model S sedan and Model X SUV. Tesla’s success in the quarter stands in stark relief from the trouble other automakers have faced thanks to the chip shortage and larger global supply chain crunches. Image: Tesla. billion profit.
The good: reduced costs, innovation Among the key reasons for the price reductions is the plunging cost of raw materials for EV batteries, as the spot price of battery-grade lithium carbonate fell from more than RMB 500,000 ($69,450) per ton to just over RMB 100,000 throughout the last year.
billion energy storage operation in Chiles Atacama Desert, which the companies claim to be the largest of its kind globally. of the global energy storage system market with shipments of 14 GWh worth of batteries in 2022, industry tracker SNE Research said in an annual summary dated March 2, 2023. Context: BYD had captured around 11.5%
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