Category Archives: EV

Rise of electric vehicles forces Honda to close UK car plant, shift base to Asia

Honda has described “unprecedented changes” in the automotive industry – also known as the rise of electric vehicles (EV) – as the decisive factor behind closing its UK manufacturing plant in Swindon, together with its operation in Turkey by 2021.

While the Honda closure has been seen as symbolic amidst the political and social tensions of the UK-exit from the European Union, there is a much larger trend at play: the energy storage revolution and the rapid shift to EVs.

“The significant challenges of electrification will see Honda revise its global manufacturing operations, and focus activity in regions where it expects to have high production volumes,” Japan’s second largest and the world’s 6th largest car manufacturer explained.

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Energy density and the challenges of electrification for heavy duty vehicles

By Adam Panayi, Managing Director of Rho Motion

The topic of electrification for truck and buses comes up more and more frequently when we talk with people interested in the electric vehicle (EV) supply chain; while the prospects for battery powered passenger cars and light duty vehicles are by now fairly clear, we see a more nuanced story for larger vehicle classes. In this spotlight we examine the key issues and practical applications for electrification within the heavy and medium duty space.… Read more

Benchmark hails overwhelming reaction to Senate hearing on energy, EV supply chains

Benchmark Mineral Intelligence has welcomed the overwhelming reaction to the US Senate hearing on Tuesday 5 February in Washington, DC, which focused on electric vehicle and energy storage supply chains.

Led by Chairman Lisa Murkowski (Alaska), the hearing was the first of the US Senate Committee on Energy and Natural Resources in the 116th Congress.

The Senators heard as Benchmark’s Managing Director, Simon Moores, issued a red alert on the lithium ion battery supply chain and the raw materials of lithium, cobalt, nickel and graphite and warned the highest tier of US government that its country is presently a ‘bystander’ in this ‘global battery arms race’.… Read more

Who is winning the global lithium ion battery arms race?

The rise of electric vehicles (EVs) has caused upheaval in the lithium ion battery industry.

Before Elon Musk announced Tesla’s intention to build the world’s biggest lithium ion battery plant, The Gigafactory 1, lithium ion batteries were somewhat of a cottage industry geared to supplying a mobile consumer market for smartphones, laptops, and power-tools.

As we firmly settle into the 21st Century, the lithium ion battery industry has become one of the most critical globally as its role in the energy storage revolution becomes more and more apparent.… Read more

Toyota-Panasonic deal offers EV fast track for auto, battery majors

The news that Toyota, the world’s second largest car manufacturer, and Panasonic, the world’s fourth (or second largest lithium ion battery manufacturer depending on how you look at it) are forming a joint-venture is about as significant as the electric vehicle (EV) industry could have hoped to start the year with.

Toyota and Panasonic will form a joint venture (51:49) company to develop and produce lithium ion, solid state and other next-generation battery technologies for the automotive industry.

In essence, it will see both companies develop new, more energy dense lithium ion cells and battery packs in Toyota’s bid to catch up with the rest of the EV world.… Read more

Benchmark Minerals to speak at BAML, Deutsche Bank – New York, This Week

If you do not subscribe and you want to attend these events, please email us at [email protected] 

The year is off to a grandstand start for the Benchmark Mineral Intelligence Team.

Two subscriber only events in New York this week kicks off what will be a defining year for the lithium ion battery to EV supply chain.

1. BAML, Tuesday 15 January 2019 – The Benchmark World Tour 2019 

The first event, a full day of energy storage / ESS discussion, will take place at Bank of America Merrill Lynch (BAML) on Tuesday 15 January.… Read more

DOWNLOAD: Lithium, cobalt prices enter new period of volatility as era of EV begins; vanadium awaits lithium ion moment

Lithium and cobalt prices are experiencing a new period of volatility as prices crest from post-2010 highs. Both speciality minerals that are key components in an electric vehicle’s lithium ion battery began to see a downward turn in 2018.

The Benchmark World Tour 2018 – the world’s leading investor forum for lithium ion supply chain and in its 4th year – explored these themes in Hong Kong, Seoul, Tokyo, Perth, Melbourne and Sydney over the last two weeks. Download presentations from the Benchmark World Tour below.Read more

Benchmark Minerals addresses Zero Emission Vehicle Summit

Benchmark Mineral Intelligence’s Head of Forecasting, Andy Leyland, addressed the world’s first international Zero Emission Vehicle Summit in Birmingham yesterday.

The summit, hosted by UK Prime Minister Theresa May and Transport Secretary Chris Grayling, brought together policy makers, leading electric vehicle manufacturers and lithium ion battery companies, thought leaders and academics.

It was also an opportunity for the UK to announce £106 million in funding for research and development into new batteries and electric vehicle technology, to be coupled with over £500 million in commitments from industry.… Read more

General Motors to keynote Benchmark’s annual lithium ion battery supply chain conference

We are delighted to announce that General Motors, one of the world’s leading auto OEMs, will speak at Graphite + Anodes 2018 on Monday 22 October 2018 in Newport Beach, CA.

Dr Saad Hasan, Advanced Technology Engineer at General Motors, will present on developments in EV battery technologies and the future for lithium-ion anode materials.

Graphite + Anodes 2018 will also hear from leading anode producers, natural/synthetic graphite suppliers and battery end-users.

Topics to be discussed include:

  • Natural vs synthetic graphite
  • Supply, demand and pricing
  • Anode technologies
  • Lithium ion battery megafactories
  • Competing end-markets
  • Flake Graphite
  • Anodes
  • EVs & Stationary storage
  • Synthetic graphite
  • Lithium ion batteries
  • Future anode materials

You can sign up for Graphite + Anodes 2018 here.… Read more

A new era for commodities as sustained lithium price run marks onset of EV demand – Benchmark Minerals

Prices of lithium carbonate, a key lithium ion battery raw material, have increased nearly 40% in the last 12 months as a wave of global electric vehicle (EV) production begins to have a sustained impact on the industry.

Benchmark Mineral Intelligence’s Lithium Carbonate South America (99%, FOB) price – a region which accounts for 68% of global lithium carbonate production – has increased from $11,500/tonne in June 2017 to a mid-point average of $15,750/tonne in Benchmark’s latest Lithium Price Assessment. (For full ranges see below).… Read more