Volvo Cars has invested in Circulor, a British blockchain specialist so that the Swedish car manufacturer can make the origin of raw materials more transparent in future. The two companies have not disclosed the amount of the investment.
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The BMW Group has signed a supply contract with the Moroccan mining company Managem Group for cobalt for use in battery cells worth around 100 million euros. According to the German carmaker, this five-year contract covers around one-fifth of the cobalt requirements.
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The project Taskforce 40, Critical Raw Materials for Electric Vehicles (CRM4EV) of the International Energy Agency HEV technology collaboration has now finally gone live with a web presence and first results.
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For the first time, a German company gains direct access to lithium and literally tons of it. After Bolivia reportedly appointed a German consortium as a strategic partner for the industrialisation of the county’s vast lithium deposits, the contract has been signed and production rates specified.
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Demand for lithium could double by 2025 due to the expected boom in electric vehicles, a forecast by the management consultancy Stormcrow Capital suggest. At the same time, production of the rare metal will triple over the next four years, GlobalData estimates.
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Kiel University and RENA Technologies are jointly developing silicon as storage material for batteries. The partners are working on anodes made from 100% silicon that could replace graphite. Stability was achieved through targeted structuring.
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Due to growing demand, the Jinchuan group plans to augment supply of nickel sulphate by 40 percent this year and to increase cobalt production as well. Both raw materials are a key substance in EV batteries.
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The Democratic Republic of Congo thinks about more than doubling the tax on cobalt supply, reports Bloomberg referring to a draft law that the country’s parliamentarians are currently discussing.
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A new video released by BMW shows schematically how the fifth generation of the company’s electric drivetrains will look like. The new tech works without rare earth elements and shall be utilized by 2021.
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Volkswagen’s meeting with mayor players from the cobalt industry to supply the carmaker with the material crucial for EV batteries ended with no deal again. The request for a fixed price prove a deal breaker once more.
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After Volkswagen’s initial tender calling for cobalt at a fixed price failed to attract any bidders, the company has changed strategy and invited producers and dealers to come to its Wolfsburg HQ to talk, reports Bloomberg.
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