2021 Sustainability Report
Please click below link to access Orocobre’s 2021 Sustainability report https://www.orocobre.com/wp/?mdocs-file=8108Orocobre September Quarterly Production Briefing
Click below to listen to the Orocobre September Quarterly Production briefing held on 22 October at 10am AEST (Brisbane), 11am AEDT (Sydney, Melbourne) https://event.webcasts.com/starthere.jsp?ei=1502460&tp_key=47dd92ae6dInternational Lithium Association (ILiA) established for the ‘lithium century’
ILiA has been formed to provide a central, global voice of the global lithium industry and their stakeholders, and to promote a sustainable and a responsible future for the lithium value chain. “Our company’s vision to power a sustainable future supports the International Lithium Association’s goal to promote the reliable supply of lithium necessary... View Article
Chinese electric vehicle maker BYD Co Ltd, backed by U.S. investor Warren Buffett, reported on Sunday a 632 percent jump in its first-quarter net profit, buoyed by strong demand for its new energy vehicles.
The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected first-quarter profit to rise by up to nearly 800 percent.
Profit surged to 749.73 million yuan ($111.4 million), up from just 102.4 million yuan a year ago, when its earnings fell sharply due to cuts to subsidies for electric vehicles.
BYD said it expected half-year net profit to rise to 1.45 billion yuan to 1.65 billion yuan, versus 479.1 million yuan in the same period last year.
“New energy vehicles are expected to continue to sell well in the second quarter, and new energy vehicle sales and revenues continue to maintain strong growth,” the company said in a stock exchange filing, adding that new passenger and commercial vehicle models will help boost revenue.
China’s market for electric cars is booming, but profits in the sector have been squeezed by fierce competition between established firms and rival startups, as well as moves by Beijing to cut subsidies for the market to improve product quality and standards.
The company sold 117,578 vehicles in the first three months this year, up 5.2 percent from a year earlier. BYD, whose popular models include its Tang-series electric cars, has said it aims to sell 650,000 vehicles in 2019.