Toyota’s Strategic Investment Arm Buys Stake in Australian Mining Company to Secure Lithium Supply for Electric Vehicle Batteries

Toyota Tsusho Corp., a subsidiary of the Toyota Group, has acquired a strategic stake in the Australian mining company Orocobre Ltd. The deal, which was just announced on 16 January, is worth nearly AUD 300 million and ensures the To.. more

GS to Build New Auto Li-ion Battery Plant in Europe for EV Market

According to Nikkei on January 11, 2018, Britain and France's governments have announced that they will prohibit the sale of petrol and diesel cars by 2040 in order to make a complete transition towards electric vehicles (EV). Thes.. more

DRC Plans to More Than Double the Royalty Rate on Cobalt Exports; Rising Prices for Battery Metals Could Impact Electric Car Production

Prices of battery metals have been soaring recently as auto makers worldwide begin to compete in the market for electric vehicles (EV). According to reporting from news agencies and mining industry websites (e.g. Bloomberg, MINING.com, and the Market Mogul), the Dem.. more

Panasonic to Make Tesla EV Battery in China

According to Nikkei on January 10, Kazuhiro Tsuga, the CEO of Panasonic was interviewed in Las Vegas CES expo in the US. Tsuga expressed that Panasonic plans to manufacture Tesla EV batteries in China, but the schedule is not spe.. more

S. Korea Oil Refinery, S-Oil, Expresses Concern towards the Rise of EV and Urges Transformation via AI, IoT

According to Yonhap News Agency, Othman Al-Ghamdi, the CEO of South Korea oil refinery giant, S-Oil Corp., said in his New Year address in the firm's headquarter on January 9, 2018, that global environmental laws and regulations .. more

Kia to Demonstrate All-Electric Concept Car at CES 2018

The automotive industry has taken an increasing share of the show floor space at the annual Consumer Electronics Show (CES) in recent years, as more car makers decide to set up exhibition booths in one of the world’s largest trade sho.. more

Tesla and Lithium Stocks Surge Due to Positive Reporting on Model 3 and Supercharger Network

After a period of calm, the share price of Tesla Inc. suddenly jumped by around 6% on 8 January. Possible factors behind this surge include the production ramp-up of Tesla’s Model 3 sedan, the publicity surrounding the expansion of Tes.. more