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EV battery maker SK On to buy 100k metric tons of Arkansas lithium from ExxonMobil

Baua Electric

Image: Ford EV battery maker SK On has signed a non-binding agreement to buy lithium from ExxonMobil’s first planned extraction project in Arkansas. The Arkansas project will extract lithium from underground saltwater deposits and convert it into battery-grade material onsite. Get started here.

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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of Carvana’s sales in The Sunshine State were BEV.

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SK On and Sakuu will jointly develop 3D-printed EV batteries

Baua Electric

SK On is rapidly ramping up battery production plans in the US – earlier this week, the South Korea-headquartered battery maker had signed a non-binding memorandum of understanding (MOU) with ExxonMobil for a multiyear offtake agreement of up to 100,000 metric tons of Arkansas lithium. ad* FTC: We use income earning auto affiliate links.

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The US’s largest battery-grade lithium refinery will be in Oklahoma

Baua Electric

It will use Port Muskogee on the McClellan-Kerr Arkansas River Navigation System to ship lithium brine water to the refinery, where it will derive the lithium, and then use the same inland waterway system to ship battery-grade lithium out. ad* FTC: We use income earning auto affiliate links. Get started here. –ad*

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Genesis is quietly outpacing luxury rivals as EV availability expands into new states

Baua Electric

The luxury Genesis brand is outpacing rivals, closing in on Porsche and Land Rover in sales as its all-electric models expand into new states. Genesis sales have grown from less than 7,000 in 2016 to over 69,000 last year, according to data from CNBC. The sportier Magma brand is designed to spread awareness and boost sales.

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Leslie Doggett Industries’ car retail arm expands in Texas

Baua Electric

Its companies have places in Texas, Unused Mexico, Louisiana, Arkansas and Northern Mexico. The corporate in 2018 purchased its first auto retail dealership, the previous Lone Celebrity Ford in Houston, up to now owned via Sonic Car Inc. It’s a immense John Deere building apparatus broker.

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New EV Models Extinguish Range Anxiety

Electric Auto Association

Automotive News reported that 87,708, or 7.1 % of all car sales in the U.S. This excludes plug-in hybrid electric vehicle sales, too. were all-electric vehicles in January 2023. In January 2022, EV market share was at 4.3 % compared to the overall car market in the U.S.

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