Remove Companies Remove Financing Remove Forecast Remove Industry
article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 This year, the world is forecast to produce 1.0 Closing this 2.7

article thumbnail

BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.

article thumbnail

BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

Green Car Congress

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

BMW 199
article thumbnail

Roskill: Rising prices could be new norm for lithium industry

Green Car Congress

Although on paper, capacity in the pipeline appears sufficient to meet this demand growth, Roskill expects challenges and set-backs in developing, financing and commissioning lithium mining and refining operations. However, longer term scenarios continue to show strong growth for lithium demand over the coming decade.

article thumbnail

Roskill: rare earth magnet applications to account for ~40% of total RE demand by 2030, up from 29% in 2020

Green Car Congress

Roskill forecasts that demand for rare earth permanent magnets in EV drivetrains will increase by more than 17.5% Although Roskill expects that demand fell in 2020 as a result of the disruptions of the pandemic, the company is forecasting a strong reovery in demand in 2021, increasing by 10% y-on-y.

2020 418
article thumbnail

Strategy Analytics: following steep 2020 declines, global ride hailing market rebound in sight

Green Car Congress

Strategy Analytics’ Automotive Connected Mobility service released its H1 2021 Global Ride-Hailing Market Update and its associated Global Ride-Hailing Forecast , tracking more than 140 unique operators across 119 different countries. —Ben Lundin, industry analyst for the Automotive Connected Mobility service at Strategy Analytics.

2020 243
article thumbnail

Efficient Drivetrains raises initial $7.5M in Series C; forecasting $15M

Green Car Congress

Efficient Drivetrains has closed initial funds in its Series C financing round, highlighted by an initial infusion of $7.85 The Series C round, forecasted at $15 million is expected to close in Q4 2016, subject to final agreements. The company plans to complete the round with additional funding and investors in Q4 of 2016.

Asia 150