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Financial Times 03 April 2024 about hyper competitive #China #electric #vehicle market. #Xiaomi‘s SU7 with starting price of USD 29.800 - priced USD 4000 less than #Tesla #Model3. As the growth in #ElectricVehicle sales slows, #carmakers face an existential question: is the current slowdown a blip ? Some investors are privately warning about an „ernomous“ misallocation of capital across the industry. Get the full story at www.ft.com 🗞️ #Automotive

Electrified Week with Frik Els - Week 8, 2024 ⚡🔋 A summary of the key news and analyses we published this week. Covering EVs, batteries, motors, critical materials, geopolitics and more. 📅 Must-reads: ▶ BYD out to destroy competition in China (and Europe) 🌐 https://lnkd.in/gRHVqehH ▶ What electric car slowdown? 🌐 https://lnkd.in/gFxpFVvR ▶ Tesla sent back to drawing board for German expansion 🌐 https://lnkd.in/ggMfhR2k ▶ US battery nickel deployment up 49% in 2023 🌐 https://lnkd.in/eVWc6tEc ▶ PHEV buyers steered 79% more GWh onto roads in 2023 🌐 https://lnkd.in/eRK7RCiG ▶ Price collapse, supply shocks & cracks in lepidolite supply chain 🌐 https://lnkd.in/gSRza6th 📄 Download as PDF: https://lnkd.in/enYpBNuh Please Like, Share and Follow 💡 📊 #electricvehicles #batteries #batterymetals #nickel #lithium

📊 2024 has seen a flurry of headlines shining light on the so-called shift to hybrids as battery electric vehicle sales growth has started to wane in some key markets and plug-in hybrid electric vehicles sales growth has started to accelerate. This topic was a major theme at Rare Earth Mines, Magnets & Motors 2024 last month in Toronto and was the focus of a presentation Adamas Intelligence delivered during the ‘Sizing Up the Elephants in the Room’ segment of the event. In the near-term, the shift to hybrids is likely negative news if you’re an automaker, a battery maker or supplier of battery raw materials, but for suppliers of #NdFeB magnets and the rare earth elements they contain, the rise of plug-ins is already proving to be a net-positive for demand. 💡 Full exclusive: https://lnkd.in/ePHxmr6i #electricvehicles #hybrids #motors #magnets #rareearths

💡 How is the shift to PHEVs impacting demand for NdFeB magnets? Find out in this exclusive insight from Adamas Intelligence ⤵

Nickel’s Vital Role in Engines and EV Batteries: Key Trends in the Automotive Market The #globalautomotivemarket for nickel is poised for steady growth, with projections reaching $85 million by 2030. Nickel plays a crucial role in both traditional and electric vehicle markets, driving key trends across the industry. Increasing Use of Nickel in Engine Components The growing penetration of nickel alloys in engine parts is a major trend. With its heat resistance and durability, nickel improves engine performance, making it an essential material for automotive manufacturers focusing on longevity and efficiency. Rising Demand for Nickel in EV Batteries The rapid expansion of electric vehicles (EVs) is propelling demand for nickel, especially in EV batteries. Nickel-rich battery chemistries allow for higher energy density, crucial for enhancing EV range and efficiency, positioning nickel as a key material for the future of EV production. Steel Alloy Leads Growth, Batteries Dominate the Market Lucintel forecasts that steel alloy will experience the highest growth in the nickel automotive market, while batteries will remain the largest application segment, underscoring the importance of nickel in both engine and battery technologies. APAC Emerges as a Key Growth Region Asia-Pacific (APAC) is expected to witness the highest growth, driven by increased vehicle production and widespread EV adoption, making it a focal point for future nickel demand in the automotive sector. These trends showcase nickel’s critical role in advancing both conventional and electric vehicles, shaping the future of the global automotive market Top Companies in this market include Nornickel Harjavalta, BHP, Jinchuan Group International Resources Co Ltd (GDZD), and Eramet #automotive #nickel #nickelore #evbatteries #ev #cars #vehicles #nickelinautomotive #nickelalloy #steelalloy Click here to download sample: https://lnkd.in/fpqrFU9

At the recent Rho Motion Live: Asia in #Singapore, our CEO, Harald Schmid, unveiled Daimler Truck’s goals for the Asian #EV market and dived deep into thought-provoking topics such as how #sustainability is being integrated into the #transportation industry. In a rapidly evolving landscape, today's insights serve as guideposts for the journey ahead. Stay tuned for our developments towards a greener future! 🌱 #DaimlerTruck #RhoMotion #ChargedandReady #EV #ElectricVehicles #EMobility #EnergyTransition #SupplyChain

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐅𝐮𝐭𝐮𝐫𝐞𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐒𝐀𝐄 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐍𝐀𝐈𝐏𝐂) 𝐢𝐧 𝐂𝐡𝐢𝐜𝐚𝐠𝐨 Bruce Belzowski, Managing Director from Automotive Futures Group, attended SAE International NAIPC in Chicago last week.  He’s joined here with Automotive Futures Affiliate, Jeremy Holt, CEO of Amsted Automotive.  The conference focused on important issues related to current and future #propulsion systems including The Challenge of Navigating Consumer Choice, Economic and Environmental Policy, Rational ICE Ramp Down, Creating a Customer-Centric #Energy Ecosystem for EV and H2 Vehicles, Managing Capital in the Auto Industry, China As The Competition, and Insights from Suppliers and Manufacturers on the Future of Propulsion Systems.  The takeaways?  Slower EV adoption, continued ICE sales into the distant future, uniqueness of US #auto EV consumers, hydrogen and EVs for commercial fleets, large investments in charging infrastructure from government and industry, manufacturers taking different routes to the propulsion future, and suppliers challenged to meet both ICE and EV component technology requests.  Companies seem set in short term thinking, based on their need to meet quarterly financial goals.  With the slowdown in #EV purchases, they seem focused on making as much as they can on ICE vehicles as long as they can because that’s where all their investments are.  There was little talk about the Inflation Reduction Act that has a 10 year horizon, trying to build out the EV battery supply chain in the US (and free trade agreement countries).  China has a 10 year lead on the US in the EV battery supply chain, so it will take at least that long to build out the US version.  There have been tremendous investments in battery facilities in the US over the past three years.  But reducing the cost of EVs to make them competitive with ICE vehicles must also be the job of the manufacturers and suppliers.  Without their support, EVs will continue to be niche vehicles.  We’ve known since the advent of EVs in the 2010s that turning over the US fleet will take decades, especially if we don’t sell many new EVs per year.  It will take even longer if the industry does not see any need to change.

📈 Yole Group Press - Riding the xEV battery wave: exploring opportunities in the booming market The global market for #Liion #battery packs is expected to grow significantly, primarily driven by the rising adoption of #BEVs. The market value for Li-ion battery packs is forecast to grow from around US$97 billion in 2023 to about US$188 billion in 2029, reflecting a CAGR of 11.6%. A sizeable portion of the global battery pack component market will be driven by the battery cell, representing around 55% of the total battery pack market for #PHEVs and 70% for BEVs. According to Shalu Agarwal, from Yole Group: “Despite a decrease in cell price per kWh, the overall cell capacity per pack is increasing, maintaining the high-cost share of cells within a battery pack. This underscores the crucial role of Li-ion batteries in the shift toward sustainable transportation solutions and the escalating demand for efficient and reliable battery technology in the #automotive industry.”... Read the full story on: https://zurl.co/ZeEW

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐅𝐮𝐭𝐮𝐫𝐞𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐒𝐀𝐄 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 (𝐍𝐀𝐈𝐏𝐂) 𝐢𝐧 𝐂𝐡𝐢𝐜𝐚𝐠𝐨 Bruce Belzowski, Managing Director from Automotive Futures Group, attended SAE International NAIPC in Chicago last week.  He’s joined here with Automotive Futures Affiliate, Jeremy Holt, CEO of Amsted Automotive.  The conference focused on important issues related to current and future #propulsion systems including The Challenge of Navigating Consumer Choice, Economic and Environmental Policy, Rational ICE Ramp Down, Creating a Customer-Centric #Energy Ecosystem for EV and H2 Vehicles, Managing Capital in the Auto Industry, China As The Competition, and Insights from Suppliers and Manufacturers on the Future of Propulsion Systems.  The takeaways?  Slower EV adoption, continued ICE sales into the distant future, uniqueness of US #auto EV consumers, hydrogen and EVs for commercial fleets, large investments in charging infrastructure from government and industry, manufacturers taking different routes to the propulsion future, and suppliers challenged to meet both ICE and EV component technology requests.  Companies seem set in short term thinking, based on their need to meet quarterly financial goals.  With the slowdown in #EV purchases, they seem focused on making as much as they can on ICE vehicles as long as they can because that’s where all their investments are.  There was little talk about the Inflation Reduction Act that has a 10 year horizon, trying to build out the EV battery supply chain in the US (and free trade agreement countries).  China has a 10 year lead on the US in the EV battery supply chain, so it will take at least that long to build out the US version.  There have been tremendous investments in battery facilities in the US over the past three years.  But reducing the cost of EVs to make them competitive with ICE vehicles must also be the job of the manufacturers and suppliers.  Without their support, EVs will continue to be niche vehicles.  We’ve known since the advent of EVs in the 2010s that turning over the US fleet will take decades, especially if we don’t sell many new EVs per year.  It will take even longer if the industry does not see any need to change.

Why are there so many new OEMs in China? And how do they manage to produce thousands of electric vehicles at a lightning pace? 🇨🇳💪 Andersen, together with Maxence Van Goethem – our special YouTube channel guest and an expert at XPENG – unveiled the secret to China’s leadership in EV production and their competitive pricing: 👉 https://lnkd.in/eJARvBaG The truth is that materials for EV manufacturing, from Lithium Iron Phosphate batteries and electric motors to steel, are readily available in or around China. But that’s not all! What other technologies are powering their forging ahead? Enjoy exclusive insights straight from an industry expert in our latest episode on the Andersen RnD channel. #AutomotiveIndustry #AutomotiveSoftware #CarSoftwareDevelopment #AutomotiveIT #AutomotiveITConsulting