China "new energy" vehicle sales grow 38% in November y-o-y while overall vehicle sales decline
China's automobile sales fell about 14 percent in November from a year earlier, the country's top auto industry association said, marking the steepest such drop in nearly seven years in the world's largest auto market. Sales of new-energy vehicles, a category comprising electric battery cars and plug-in electric hybrid vehicles, remained robust, increasing 38 percent in November. This was, however, slower from a month earlier. CAAM said NEV sales would likely hit around 1.6 million units next year. Sales in the first 11 months of 2018 were 1.03 million, up 68 percent year on year.
Australian Federal Government finally breaks silence on trillion-dollar lithium-ion opportunity, action needed
The Australian Federal Government has broken its silence after releasing a much-awaited report into a "once in a lifetime opportunity" that the $213 billion dollar lithium-ion battery value chain presents to the country with its abundant resources and expertise. For months, industry groups have been calling on the federal government to take action with Western Australian chief scientist Peter Klinken telling Small Caps earlier this year it would be "tragic" if the nation let this chance slip to boost Australia's exposure to the value-chain, with the lithium-ion value chain forecast to be worth around $2 trillion by 2025. Despite Australia hosting most of the resources needed to make the lithium-ion battery, Australia's mining sector remains a "dig and grow" industry - with the country's rich battery mineral resources exported overseas for downstream processing and converting into lithium-ion batteries.
Lithium has been at the forefront of significant tech changes in the last 3 decades...
@Austrade: Lithium has been at the forefront of significant tech changes in the last 3 decades: the commercialisation of lithium-ion batteries enabled the smartphone and tablet industry revolution in the 00's. Find out how it provides new economy opportunities here.
2018 sales of internal combustion passenger vehicles in China (year-on-year)...
@colinmckerrache: 2018 sales of internal combustion passenger vehicles in China (year-on-year): July: -7%; August: -7%; September: -14%; October: -16%; November: - ~20%. What if passenger ICE sales in the world's largest auto market have already peaked?
Coalition reveals plan to make lithium batteries 'in our own backyard'
Australia must not squander the "once-in-a-generation" opportunity presented by the booming demand for lithium-ion batteries and should build a dedicated manufacturing sector instead of sending the nation's vast amounts of locally mined lithium offshore, federal government ministers have said.
US storage market to reach 3.9 GW, $4.5B by 2023: Wood Mackenzie
U.S. energy storage is poised for rapid growth and will be a $4.5 billion market in 2023, according to a new analysis from Wood Mackenzie. The firm says the value of the storage market will double from 2018 to 2019, and then again into 2020. Energy storage deployments are expected to "accelerate dramatically" in the United States, growing from 338 MW in 2018 to 659 MW in 2019. By 2020, WoodMac projects more than 1.7 GW will be deployed. There were 61.3 MW / 136.3 MWh of energy storage deployed in the third quarter in the United States, according to the analysis, dominated by behind-the-meter (BTM) installations. Typically paired with a residential solar system, these batteries accounted for 60% of total MWh deployed in Q3, and 57% of the capacity.
Another record - $20 billion worth of solar, wind and battery projects now under construction in Australia!
@kanethornton: Another record - $20 billion worth of solar, wind and battery projects now under construction in Australia! That's more than 4 Liddell Power stations committed in last year, with over 14GW of new capacity creating 13,500 new jobs.
Between VW and Daimler that's 70 billion euros worth of batteries.
@colinmckerrache: Between VW and Daimler that's 70 billion euros worth of batteries. When the auto industry really gets moving on something, it operates on a scale that few sectors can match.
Daimler to buy $23 billion of battery cells for electric car drive
Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.
How can anyone honestly read this article and think that the battery metals markets won't be tight for the next several years?
@cberry1: How can anyone honestly read this article and think that the battery metals markets won't be tight for the next several years? Pick your spots, ladies and gents. Daimler to buy $23 billion of battery cells for electric car drive