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NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly.

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Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

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The demand for domestically produced and sustainably sourced battery metals has grown at a near insatiable rate over recent years, as the domestic manufacturing capacity of lithium-ion batteries has grown exponentially from less than 50 GWh/year to now more than 700 GWh/year of operational and announced capacity.

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Roy Hill purchases Wabtec’s FLXdrive battery-electric locomotive

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Roy Hill , the largest single iron ore mine in Australia, has purchased Wabtec’s FLXdrive battery-electric locomotive, the world’s first 100% battery-electric, heavy-haul locomotive ( earlier post ) for the region and the mining industry. —Gerhard Veldsman, CEO of Roy Hill. It is an upgrade from the 2.4-MWh Earlier post.).

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Sysco Corporation intends to purchase up to 800 battery-electric Freightliner eCascadia Class 8 trucks

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Daimler Truck North America (DTNA) and Sysco Corporation (NYSE: SYY) a leading US foodservice distribution company, have signed a Letter of Intent (LOI) to deliver up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. After well over one million-miles (1.6 Earlier post.)

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Honda to purchase 123 GWh of batteries from CATL for EVs in China from 2024 through 2030

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Leading China-based battery manufacturer Contemporary Amperex Technology Co., announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL. Limited (CATL) and Honda Motor (China) Investment Co., Earlier post.). Earlier post.).

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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. Earlier post.). Lithium carbonate is forecast to trade near its high. Source: Trading Economics.

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Toyota launches battery-electric bZ4X SUV

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Through this architecture, bZ4X achieves a low center of gravity and greater rigidity thanks to the high-capacity Lithium-ion battery pack placed flat under the floor. Handling is due in part to the battery cross-framing structure, which adds to overall vehicle rigidity.

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