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Salty, subterranean water could relieve world’s lithium shortage

TechCrunch

The next bottleneck in lithium-ion battery supplies isn’t cobalt, even though China has a stranglehold on the market, and it’s not nickel, either, despite nickel prices nearly doubling in the past five months. But there’s no substitute for one crucial component of these batteries: Lithium. The crunch.

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CATL to report record profit in 2024 despite revenue decline amid lithium price slump

TechNode

Why it matters: Despite this, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015, due to the lithium price squeeze that has been shaking up the industry since hitting its peak in late 2022.

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Vanadium ion battery startup Standard Energy raises $8.9M Series C from SoftBank Ventures Asia

TechCrunch

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.

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The most innovative companies in automotive for 2025

Fast Company Tech

This years list of the most innovative automotive companies recognizes both the upstarts and the incumbents advancing the next era in mobility. Today, BYD is running neck and neck with Tesla for the top spot among global EV makers and it is the undisputed champion of the plug-in hybrid sector, with 40% of that market.

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

The Verge

The company hopes that by offering more dedicated services to these customers, it can build on what is already a dominant position, as it makes up 43 percent of the commercial truck and van market. The path to winning [market share] requires daily interaction” with customers, he said. “I

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Next China: YOUIBOT, China’s industrial mobile robot pioneer is going global

TechNode

YOUIBOT, as a highly influential participant in the production of industrial mobile robots, is having a considerable impact on the normalization of the use of robots across the entire Chinese manufacturing industry. It is the largest mobile robot enterprise in terms of shipments in the semiconductor field.

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Battery investment moves onshore to kick-start US EV production

TechCrunch

“This way you’re in that feedback loop that allows you to innovate and reengineer so that you always have a constant advantage and are meeting the market versus dealing with several suppliers in the chain,” said Arun Kumar, managing director of AlixPartners’ automotive and industrial practice.