• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 3 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 6 hours Indonesia Stands Up to China. Will Japan Help?
  • 3 hours US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 10 hours Shale Oil Fiasco
  • 24 hours Might be Time for NG Producers to Find New Career
  • 10 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 3 hours Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 7 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 17 hours Beijing Must Face Reality That Taiwan is Independent
  • 1 day Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 21 hours Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 1 day China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
Why Trump Can’t Retreat From The Middle East

Why Trump Can’t Retreat From The Middle East

Without the need for Saudi…

Has Natural Gas Hit Rock Bottom?

Has Natural Gas Hit Rock Bottom?

Natural gas prices fell below…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Lithium Under Fire As EV Sales Slump

Lithium

Electric car pioneer Tesla is already producing units on a trial basis at its giant Shanghai gigafactory despite only breaking ground this year, but thanks to changes to the Chinese EV subsidy program, demand for locally-made Teslas may fall short of expectations.

On Monday, China’s automobile manufacturing industry body said fewer new energy vehicles, or NEVs as they are termed domestically, could be sold this year than in 2018 (last year sales boomed by more than 60 percent).

Sales of NEVs – which apart from battery-powered vehicles also include hybrids and fuel cell cars – fell by more than 45 percent in October from the same month last year, adding to the woes of an industry coping with 16 straight months of declining overall sales.

Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold around the world and the slowdown in the EV market, where lithium-ion batteries dominate, has already shown up in raw material deployment data.

In September 2019, the average new passenger EV including plug-in and conventional hybrids sold globally contained 12.2 kilograms of lithium carbonate equivalent (LCE), a modest increase of 4 percent over 2018, according to the latest Adamas report.

The Toronto-based research company’s data shows China still outstripped global growth in September with a 7 percent increase in LCE on a per-EV basis, reaching a sales-weighted average of just shy of 20kg thanks to the prevalence of full-electric models in the country.

That’s in stark contrast to Japan, where hybrids represent more than 90 percent of EV sales and average batteries contain only 1.1kg of LCE. Changes to China’s EV incentive program favour hybrids so lithium loads may start to tend downwards in that country too.

Related: Four Ways Oil Has Made Our Lives Better

The changing mix of EV sales is most noticeable in Europe where the average battery in new passenger EVs sold in September contained 15.8kg of LCE.

That constitutes a 57 percent surge compared to last year, thanks in no small part to the popularity of the Tesla Model 3 on the continent. Teslas have always had bigger batteries than competitor cars to help with fast-charging and range.

In the US the trend is in the opposite direction – with passenger EVs leaving showrooms containing on average 15.2kg of LCE, 12 percent less than in September 2018.

By Mining.com 

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play