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.
Orocobre Market Update – Online Briefing
To listen to a recording of Orocobre’s latest teleconference webcast briefing, where Managing Director & CEO Mr Richard Seville discusses the Quarterly Activities Report for the period ended 31 December 2018, click on the media player below.
VW, China spearhead $300 billion global drive to electrify cars
Global automakers are planning a $300 billion surge in spending on electric-vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and EV technology suppliers.
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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.