Page 147 - Ev News Today

[SMM Lithium Carbonate Spot Assessment: LC2407 main contract continued to decline, down 3.38%] On February 20, the lithium carbonate 2407 main contract continued to decline, down 3.38%. Data showed that the lithium carbonate 2407 main contract opened at RMB 95,000/mt, closed at RMB 92,800/mt, with trading volume of 103,744 lots and open interest of 173,155 lots, up 24,248 lots from the previous trading day. SMM’s assessment of spot battery-grade lithium carbonate prices were RMB 94,000-99,500/...

Long waits at highway charging stations, rapid battery depletion in freezing snow and limits on electric vehicles on car ferries because of safety fears have combined to make the Lunar New Year holiday a frustrating experience for China’s growing number of EV drivers.     

High-profile investor Cathie Wood has used a big rally in shares of Coinbase Global Inc. to book some profits, with her exchange-traded funds selling more...

On many models, EV incentives have jumped more than three-fold in the past year, triggering an EV price war with consumers the winners.

SMM Daily Report: On February 19th, the price of lithium carbonate slightly decreased.

EV Vs Hybrid: The intent to buy hybrids over pure battery electric vehicles comes to the fore even as EVs benefit from state as well as central government funded incentives which in turn has allowed manufacturers to price them better as compared to hybrids. This is despite the hybrids costing more than EVs.

Leveraging TVS Mobilitys existing network of around 150 outlets, the venture is poised to become one of the largest independent car dealerships in India.

On February 19, the lithium carbonate 2407 main contract declined, down 2.47%. Data showed that the lithium carbonate 2407 main contract opened at RMB 97,000/mt, closed at RMB 94,750/mt, with trading volume of 66,470 lots and open interest of 148,907 lots, up 10,679 lots from the previous trading day. SMM’s assessment of spot battery-grade lithium carbonate prices were RMB 94,300-99,500/mt, averaging RMB 96,900/mt, down RMB 150/mt from the previous working day. The trend shows that after openi...

According to data from South Korean research firm SNE Research, the global (excluding China) sales of electric vehicle (EV) batteries totaled approximately 319.4 GWh in 2023, marking a 43.2% increase compared to the same period in 2022. Notably, in the global (excluding China) ranking of electric vehicle battery installations, LG Energy Solution (LGES) maintained its top position, experiencing a growth of 32.9% compared to the same period in 2022, with installations reaching 88.6 GWh and a marke...

When the world is grappling with climate change challenges, the possibility of a slower transition to EVs in the US doesn’t bode well, as it is a sign of the dilemma for American automakers in promoting EVs.