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FortuneJimon Apr 25, 2018 12:44pm
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Today’s Fortune Cobalt News
Today’s Fortune Cobalt News | | | Click on blue article title to read full story. | | | | Cobalt | | | | EnergyPost.eu - April 25, 2018 There are no short-term alternatives to using cobalt in electric vehicle batteries today, writes financial energy specialist Gerard Reid.... further develop the lithium-ion battery There are alternative lithium-ion chemistries such as lithium manganese oxide (LMO) or lithiumiron There are no short-term alternatives to using cobalt in electric vehicle batteries today, writes financial energy specialist Gerard Reid. Even if the cobalt price continues to go up, it will be a long while before production is able to match growing demand, Reid argues…What makes cobalt so valuable is its high melting point (1,494 degrees centigrade) which makes it a perfect material for making superalloy metals for use in everything from turbine blades to prosthetics. This unique quality makes cobalt the perfect addition to lithium-ion batteries to stabilize the battery and prevent fires and explosions, while at the same time conserving battery strength and extending battery life…There is a trend to minimise the use of cobalt by moving from the commonly used NMC111 to NMC 532 and eventually to NMC811, which basically means using more nickel (n) and manganese (m) and less cobalt (c) in the cathode. But automobile manufacturers will be reluctant to reduce cobalt content until they are sure that safety will not be compromised…The bottom line is that cobalt is presently the most important material, from strategic and cost viewpoints to further develop the lithium-ion battery. If an automobile manufacturer or a battery supplier wants to ramp up production, they HAVE to secure future supplies of cobalt. | | | | | EVs | | | | The Japan Times - April 25, 2018 BEIJING – Global carmakers touted their latest electric and SUV models in Beijing on Wednesday, as China promises a more level playing... EV (PHEV) versions of its Corolla and Levin passenger cars in 2019 and a battery electriccar model in 2020. The new PHEV models were Global carmakers touted their latest electric and SUV models in Beijing on Wednesday, as China promises a more level playing field in the world’s largest auto market where domestic vehicles are making major inroads…Nissan presented its first Made in China electric car produced for Chinese consumers, the four-door Sylphy Zero Emission, with a drive range of 338 km (210 miles)…Toyota Motor Corp. also announced that it will introduce 10 new EVs in China by 2020…Honda Motor Co. unveiled a concept EV developed specially for the Chinese market… Volkswagen announced Tuesday investments of €15 billion ($18 billion) in electric and autonomous vehicles in China by 2022…Chinese consumers are following their American peers toward SUVs while policymakers in Beijing push an all-electric future…Accounting for some 28.9 million car sales last year, the Chinese market could soon match those of the European Union and United States combined…In the electric car market the figures are even more lopsided, as Beijing has heaped money on projects to dominate what it sees as the future…At the auto show, the domestic upstarts have a separate exhibition hall mostly to themselves — 124 of the 174 electric car models on display are homegrown…Government subsidies help consumers purchase the green cars, while policymakers are planning a quota system to force producers to build electric vehicles, with plans to one day phase out gas vehicles altogether. | | China Daily - April 25, 2018 Harald Krueger (center), chairman of the board of management of BMW AG, presents the BMW iX3 concept car during a press conference at the... emissions rules in the world’s biggest electric-vehicle market. “Carmakers have to have electric-vehicle production in China in any case,” The carmaker plans to begin producing its first all-electric sport utility vehicle, dubbed the iX3, in 2020 at its joint-venture plant in the northern city of Shenyang, and will sell the model abroad, according to partner Brilliance China Automotive Holdings Ltd…The iX3 project makes BMW the first major luxury-car maker to ship high-tech vehicles from China, in a sign consumers no longer equate the country with cheap products…“Carmakers have to have electric-vehicle production in China in any case,” said Mark Fulthorpe, also at IHS…The iX3, which will be able to travel 400 kilometers on a fully charged battery, can be exported after the BMW partnership gained a license last year to ship it outside China…The iX3, which will be based on the existing X3 SUV to save costs, is part of BMW’s strategy to roll out at least 12 all-electric cars by 2025… Placing the iX3 in China will put the car at the heart of a market that Bloomberg New Energy Finance estimates accounted for 49 percent of the 1.1 million electric vehicles sold globally last year. | | Fleet News - April 25, 2018 Volvo has announced its intent for fully electric cars to make up half of its sales by 2025. In 2017 the manufacturer made an... in the world’s leading market for electrified cars. China’s electric future is Volvo Cars’ electric future.” The Chinese government plans Volvo has announced its intent for fully electric cars to make up half of its sales by 2025…In 2017 the manufacturer made an “industry-first” move to make all new models released from 2019 as mild hybrid, plug-in or battery EV…The move to electrify 50% of its cars by 2025 reportedly “positions it as a powerful player in China” as it is the world’s leading market for electrified cars…The Chinese government plans to have new-energy vehicles account for more than 20% of the country’s annual car sales by 2025, which equates to more than seven million vehicles, based on Chinese government forecasts. | | | | |  | | | | |