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As EV sales slump, a breakthrough lithium extraction method could turbocharge the industry

TechSpot

A significant factor contributing to this decline is the high cost of lithium-ion batteries, which are essential for every model. The expense of these batteries is largely due to the complicated and resource-intensive process of extracting lithium. Electric car sales are experiencing a slump in most regions except China.

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Minerva Lithium uses absorbent material to change the way we extract lithium

TechCrunch

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?

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EV maker BYD launches new, ultrafast charging system

Fast Company Tech

BYD, which stands for build your dreams, began presales of its Han L and Tang L models, which are upgraded versions of earlier models. While BYD’s fanciest, latest premium models are expected to sell for up to about $40,000, it also makes much less expensive EVs including the Seagull, which sells for around $12,000 in China.

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The most innovative companies in automotive for 2025

Fast Company Tech

As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. In November, Nvidia replaced Intel on the Dow Jones Industrial Average.

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As e-bikes boom, FuroSystems raises its first venture funding round ahead of a new model launch

TechCrunch

The high-density removable lithium-ion battery has a range of 55 km. FuroSystems also makes a point of using industry-standard parts such as Shimano gears and hydraulic disk brakes, which makes it competitive with others such as Gocycle and Brompton.

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Ford is making an electric Explorer, boosts EV investment by $8 billion

The Verge

The company will brand the lithium-ion packs for passenger vehicles as “IonBoost,” in a nod to its efficient EcoBoost engines. Lithium iron phosphate battery packs for commercial vehicles will be called IonBoost Pro. Ford’s announcements come at a time of great change in the automotive industry.

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China’s Dongfeng to launch Tesla Model Y rival with Huawei’s assisted driving tech

TechNode

Chinese automaker Dongfeng Motor will introduce the first global model from its premium electric vehicle brand Voyah as early as the third quarter of this year, in what will be a direct challenge to Teslas best-selling crossover the Model Y, local media has reported. The five-seater SUV measures 4.7 meters in length and 1.6

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