Global EV car sales surge 63% in 2018 to top 2 million vehicles
Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in the US, according to data provided by EV-Volumes. A total of 2.08 million plug-in EVs were delivered to customers in 2018
Toyota and Panasonic Agree to Establish Joint Venture Related to Automotive Prismatic Batteries
Toyota and Panasonic have confirmed that they are starting a wide-ranging new battery joint venture to manufacture and sell battery cells for electric vehicles. Toyota Executive Vice President Shigeki Terashi said: “Together with Panasonic, we want to hone our competitiveness in batteries,
Toyota, Panasonic setting up EV battery JV amid rising China competition: source
Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.
March 27, 2018
SUMMARY:
- Lithium spot and contract price news – Lithium spot prices were stable, while 2018 LCE global contract prices are about 20% higher than 2017.
- Lithium market news – Lithium giant Albemarle contradicts Morgan Stanley on electric vehicle growth. The EV take-up rate, and therefore lithium demand, will be much greater than MS claims.
- Lithium company news – The lithium deals continue, following Volkswagen’s stunning $25b battery deal with leading battery manufacturers.