Kia intends to sell 500,000 EVs annually by 2026
Kia Motors just announced its mid- to long-term strategy “Plan S” to “spearhead transition to EV, mobility solutions by 2025”, which will be supported by a 29 trillion won ($25 billion) investment. Kia intends to sell some 500,000 all-electric cars annually by 2026.
China says no significant cut in new energy vehicle subsidies in 2020
China will not make significant cuts to subsidies for new energy vehicles (NEV) this year, signalling that its policy will remain relatively stable, state media quoted the country’s industry ministry as saying on Saturday.
Orocobre Corporate Video – 2019
Subscribe to the Orocobre Limited YouTube channel for all the latest video updates. Despite the challenging global lithium market coupled with a turbulent Argentine economy, 2019 has been another year of achievement for Orocobre Limited with the Stage 2 Expansion project at the Olaroz Lithium Facility achieving a number of milestones including construction of new... View Article
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Markets
Market demand for lithium products is largely driven by the increase in use of rechargeable batteries in portable electronic devices and electric transportation.
Lithium-ion batteries provide power for cell phones, smartphones, tablets, laptop computers, power tools, and many other mobile consumer devices. Larger format lithium-ion batteries provide power for electric cars, scooter, electric bikes, buses, forklifts and other forms of transportation.
New applications for lithium are emerging in the areas of grid energy storage, solar and nuclear energy generation, and other industrial uses. Extensive new lithium-ion battery manufacturing plant capital expenditures currently underway are viewed as a positive indicator of future lithium demand.