The fast expanding European electric vehicle market received a further boost this week, as Groupe Renault announced plans for a new charging service and reports revealed the IONITY network is poised to expand its network of fast-charging units. Groupe Renault confirmed yesterday that NewMotion has been selected as the preferred charging partner for its Z.E. line of all-electric cars, which includes the Renault Zoe, Kangoo Z.E., Master Z.E. and Twizy models.
Business Green 21st May 2019 read more »
In the space of a few years Chinese companies have become some of the world’s largest producers of lithium, a lightweight metal that is a key raw material for batteries. They have bought up mines from Australia to South America and are building plants in China to make lithium chemicals and batteries. The latest example of China’s ability to channel prodigious amounts of capital to fast growing industries, the country produced over 60 per cent of the world’s lithium in April, compared with less than 1 per cent from the US, according to Benchmark Mineral Intelligence. China’s dominance in the electric car supply chain has triggered growing concerns in a trade-war obsessed Washington and Brussels, with both fearing that they could be squeezed out of the next generation of industry. At the beginning of May two US senators, Lisa Murkowski and Joe Manchin, proposed a bipartisan bill designed to boost US production of critical minerals such as lithium. And the European Investment Bank has pledged €350m to back Swedish battery start-up Northvolt, which aims to build a battery factory in Sweden and source raw minerals such as lithium from Europe.
FT 22nd May 2019 read more »