PGM News: 12/02/2018

BATTERIES: The Breakneck Rise of China’s Colossus of Electric-Car Batteries

The next global powerhouse in the auto industry comes from a small city in a tea-growing province of southeast China, where an unheralded maker of electric-vehicle batteries is planning a $1.3 billion factory with enough capacity to surpass the output of Tesla and dwarf the suppliers for battery-powered cars by GM, Nissan and Audi.

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Source: https://www.bloomberg.com

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AUTO PRODUCTION: Tesla's scramble for lithium

What's slowing down production of the Tesla Model 3? Battery module production is one stumbling block, the company acknowledged last week. And while it's unclear whether a shortage of lithium is part of the problem, Tesla is making moves to ensure it can access enough of the light metal — a growing concern for the entire industry.

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Source: http://www.autonews.com

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ELECTRIC VEHICLES: In a Change of Mind, China to Retain Local EV Subsidies

China’s government is leaning toward allowing provinces continue with local subsidies for electric vehicles to sustain the rising demand for new-energy automobiles in the country, according to people familiar with the matter.

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Source: https://www.bloomberg.com


*The promotion of any news article on our website does not constitute an endorsement, nor does the content necessarily represent our view.