Chinese companies are leading in the commercialization of sodium-ion-powered EVs and batteries, surpassing Western rivals. They are more willing to risk failure and move rapidly from research to production. Critical minerals like cobalt, lithium, and nickel used in EV batteries are vulnerable to trade restrictions. Volkswagen's pursuit of solid-state electric car batteries with QuantumScape has faced delays, leading the company to explore other options. The global cobalt market is experiencing a glut, impacting the pricing and profitability of cobalt producers.
China’s battery industry has seized on a glut in the global cobalt market to push through a change in the way the commodity is costed, linking it to the price of cobalt sulphate used in batteries rather than refined cobalt metal. https://t.co/nHLPwDt4kN
Volkswagen, whose drive to develop a 'solid-state' electric car battery with US startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology https://t.co/3CcVTPdeCW
VW turns to another solid-state battery maker after delays with QuantumScape https://t.co/hZOjjwgyCp
⛏️ "Cobalt had a terrible year in 2023. The lack of supplier discipline in adding new capacity has really pulled the rug under the cobalt market," https://t.co/C7huL9jRqC
⚠️ MOST COBALT PRODUCERS LOSS-MAKING AFTER 2023 PRICE SLUMP - ERG (Reuters) Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG),… https://t.co/0JF2nvkRC6
China’s battery industry is seizing on a glut in the global cobalt market to push through a change in the way the commodity is priced https://t.co/D7Ivmg8fUg
Solid state: EV giants chase 'holy grail' of batteries https://t.co/9Hskzkt20g https://t.co/x2vizmdQPy
Volkswagen and rivals plug away at solid-state battery puzzle https://t.co/7z39IVqnNh https://t.co/N35b9gXeqS
Volkswagen, whose drive to develop a ‘solid-state’ electric car battery with US startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology https://t.co/Uaj4LYxNBE
Volkswagen, whose drive to develop a ‘solid-state’ electric car battery with US startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology. More here: https://t.co/rqVajRPmtv
⚠️ FACTBOX-SOLID STATE: EV GIANTS CHASE 'HOLY GRAIL' OF BATTERIES (Reuters) Solid-state batteries hold the promise of more energy storage, longer driving ranges and faster charging for next-generation electric vehicles. Yet despite decades of research and billions of dollars… https://t.co/eEso2azWTH
⚠️ VOLKSWAGEN AND RIVALS PLUG AWAY AT SOLID-STATE BATTERY PUZZLE (Reuters) Volkswagen, whose drive to develop a "solid-state" electric car battery with U.S. startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing… https://t.co/bvKLlUQ9ht
IMF: “Critical minerals are extremely vulnerable in the event of trade disruptions…Two-thirds of the world’s cobalt is mined in…Congo alone. The top 3 producers of nickel and lithium control more than 60% of supply. Crude oil production is, by comparison, much more diversified” https://t.co/okCa5vmaVD
‘While Western companies ponder, tinker and test, Chinese companies have a pattern of moving rapidly from research and development to full-scale production, more willing than their Western counterparts to risk failure.’ Interested in clean energy storage? Follow @stevelevine https://t.co/61FdCHf83j
Critical minerals such as copper, cobalt, lithium, and nickel–all used to make everything from EV batteries to solar panels to wind turbines–are highly vulnerable to trade restrictions and can affect the cost of the climate transition. Read more in F&D. https://t.co/4GACl71a97 https://t.co/Q3t2a36lda
The Electric: Again Eclipsing the West? Chinese companies have raced ahead with the commercialization of sodium-ion—powered EVs and batteries. Western rivals have no equivalent batteries. https://t.co/FdA7hsypJP From @stevelevine.