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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

Green Car Congress

The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

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BMW introduces electric 3 Series for Chinese market

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The BMW Group continues to broaden its portfolio of electrically powered vehicles with the addition of the fully electric BMW 3 Series, which will enter the Chinese market in May 2022. Fine tuning of the BMW i3 eDrive35L’s suspension systems to Chinese road conditions has been carried out by the BMW Brilliance Automotive Ltd.

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Chinese manufacturers to ramp up production of graphene nanotube dispersions for EV batteries

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Electric vehicle manufacturers are searching for a significant increase in energy density, an improvement of fast-charging capabilities, and a reduced cost for lithium-ion batteries. This leads to long-lasting, fast-charging batteries for electric vehicles.

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Volkswagen releases design sketch for ID.AERO fully-electric sedan; Chinese market first

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AERO concept vehicle, a fully-electric limousine planned for the Chinese automobile market. AERO concept is expected to go on sale in the Chinese automobile market in the second half of 2023. The corresponding production model for the North American and European market will be presented in 2023.

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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

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Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium is expected to trade at 484,185.00 by the end of this quarter. Source: Trading Economics. Earlier post.). Source: Statista.

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Benchmark: Chinese cell oversupply putting pressure on Tier 3 producers

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Continued investment in China’s battery production scene is increasingly pushing its market into oversupply, putting strain on Tier 3 producers which are unable to access large global EV markets and are forced to compete in the saturated domestic space, according to Benchmark Mineral Intelligence.

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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The contract will provide a secure source of supply of battery cells for Mercedes-Benz’s electrification strategy, while Farasis gains security for its planned construction of production capacity.

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