Tag: US electric vehicle battery

‘Rung of Hell’: The Hidden Misery of EV Cobalt Supply Chains

April 7, 2023
AfricaBusiness & Marketscobalt minescobalt poisoningDemocratic Republic of the Congo (DRC)economyenergylithium ion batteryPolicies & ImpactsTechTech NewsUSUS electric vehicle batteryWorld
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Primarily driven by the large-scale adoption of electric vehicles, the production of lithium-ion batteries has spiked, raising the demand for cobalt—a cause of despair rather than prosperity in the African nation of Congo, where the metal is mined amid horrendous circumstances. “I remember looking at this destroyed landscape and these thousands of bodies laboring over…

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Treasury Sec. Yellen Downplays Recession Risk; Chinese Rocket Plummeting Back to Earth | NTD Business

July 25, 2022
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The White House downplays the risk of a possible economic recession ahead of upcoming economic data, which might show just that. A $3.5 billion electric vehicle battery materials plant is being planned in Nevada—a step forward for the United States in an industry that’s completed dominated by China. Another Chinese rocket is set to crash…

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Former Tesla Engineer Aims to Build Next Generation Electric Battery Material Plant in the US by 2024

May 3, 2022
Business & EconomyCompanieseconomyInvestmentstart upsUSUS electric vehicle battery
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Sila Nanotechnologies, a battery startup founded in 2011 by a former Tesla engineer, announced on May 3 plans for a new plant based in the United States that will mass-produce material for low-cost next-generation batteries with a longer range and is not dependent on manufacturing in China. “In a commitment to ensure America retains global leadership…

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Electric Vehicle Battery Prices Go Up Facing Lithium Shortages and Rising Demand

January 3, 2022
Business & EconomyCompanieseconomyelectric vehicle technologylithium ion batteryMarketsUSUS electric vehicle batteryUS News
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Electric vehicle battery prices are increasing as the cost of raw materials, especially lithium, is rebounding after a decade of price reductions following a radical growth in the electrification of vehicles by major manufacturers and subsequent hike in demand. The biggest battery manufacturer in the world is China, where the benchmark price of lithium carbonate…

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GM Releasing Kits That Can Convert Old Gasoline Cars to Electric Vehicles

December 25, 2021
Business & EconomyCompanieselectric vehicle technologyGeneral Motors CoTechTech NewsUS electric vehicle battery
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General Motors (GM) plans on going beyond manufacturing a fleet of electric cars, according to an announcement Wednesday regarding electrification component sets, which are capable of converting most old gasoline-powered automobiles into new-age electric vehicles (EV). The technology will be used for EV conversion projects and GM expects to target a group of diverse commercial…

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Rivian Expanding With New Factory in Georgia

December 17, 2021
Business & EconomyCompanieseconomyelectric vehicleInvestmentRivianTechTech NewsUSUS electric vehicle batteryUS News
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Electric transport startup Rivian will be setting up a second factory in Georgia, according to a company announcement on Thursday, indicating a positive outlook despite posting losses for the recent quarter after a disappointing Wall Street performance. From the proceeds of its Nov. 10 initial public offering, the Amazon-backed electric vehicle startup will invest $5…

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Lithium Prices Shoot Up, Disrupting Plans for Electric Car Manufacturers

December 3, 2021
Business & EconomycobaltCompanieseconomylithium ion batteryMarketsteslaUSUS electric vehicle batteryUS News
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Car manufacturers are finding it increasingly pricier to manufacture electric vehicles (EV) as the costs of procuring lithium, one of the main components found in every commercial EV battery, has shot up almost 280 percent since the start of the year. The demand for electric vehicles has pushed up demand for the metal, and supply…

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