Category: eV

Company rushes to secure parts critical to electric vehicle production

The investment bank's analysts believe demand for finished batteries could be met without China within the next three to five years, as a result of investments in the U.S. by South Korean conglomerates LG and SK Hynix, according to a Goldman report to clients viewed by the newspaper. The report calculated that to achieve a self-sufficient supply chain, countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining of lithium, nickel and cobalt, as well as $12.1 billion on refining of those materials, FT said.

The investment bank's analysts believe demand for finished batteries could be met without China within the next three to five years, as a result of investments in the U.S. by South Korean conglomerates LG and SK Hynix, according to a Goldman report to clients viewed by the newspaper. The report calculated that to achieve a self-sufficient supply chain, countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining of lithium, nickel and cobalt, as well as $12.1 billion on refining of those materials, FT said.

This is not about electric vehicle demand. Every EV produced of any brand will be sold for many years to come. There are fluctuations between brands, but none of the manufacturers will go broke because of lack of demand. Profits Matter Most In my opinion, the only reason any vehicle manufacturer would go bankrupt is […]

ZF has produced two million electric motors, a significant milestone. The tech firm offers a variety of electric motors to automobile manufacturers, including hybrid and electric axle drives for electric passenger cars and electric central drives for commercial vehicles. The two million units that were generated made a substantial dent in CO2 emissions reduction. The […]

The NIO ET7, the flagship sedan and electric smart vehicle of NIO, received the highest possible rating of five stars in the most recent Euro NCAP safety testing. The ET7, which is already available in Europe, received scores of 91% for adult occupants, 87% for child occupants, 73% for vulnerable road users, and 95% for […]

Nissan recently chose JATCO and Hitachi Astemo to provide something very important for future cars: the drivetrain. After I cover the basics, I want to place this in historical perspective and industry trends and then explain why it shows something new, too. The Nissan/Jatco/Hitachi Astemo Deal The short version of this story: Hitachi Astemo, known […]

Faraday Future Intelligent Electric said on Monday that it had "substantial doubt" about its ability to continue as a going concern after it reported lower cash reserves. The company said it had $31.76 million in cash as of the third quarter ended Sept. down from $121 million at the end of the prior quarter.