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EVs & Energy Storage
BusinessKorea - February 12, 2020
Market expectations are going up for LG Chem, Samsung SDI, and SK Innovation, the trio that represents the Korean electric vehicle (EV)...
. In 2018, it agreed with China's Huayu Cobalt to establish a joint venture to produce precursors and anode materials for...

Market expectations are going up for LG Chem, Samsung SDI, and SK Innovation, the trio that represents the Korean electric vehicle (EV) battery industry. Global automakers such as Jaguar and Mercedes-Benz are forced to suspend their car production because of a shortage of battery supply from Korean companies. Battery makers are stepping up their efforts to secure materials needed to ramp up battery production…"A battery shortage took place when Jaguar produced more electric vehicles than expected and used up batteries from LG Chem," said an industry insider. "As LG Chem produces batteries based on the orders it receives, it does not have much inventory and cannot deliver more batteries to its clients."…Apart from Jaguar, other automakers including Audi and Mercedes-Benz have experienced a shortage of battery supply from LG Chem. Mercedes-Benz had to lower its sales goal for the EQC, the company’s first mass-market electric car, last month due to supply shortages at LG Chem. In April 2019, a supply shortage at LG Chem caused Audi to delay the deliveries of its first electric car, the E-Tron. The company subsequently cut its production targets for the year because of the delay…An industry watcher said that battery supply could not keep up with demand as electric car sales swelled more than expected. The EV markets in the United States and Europe are on a steep growth path, and major automakers prefer Korean batteries…The global EV battery market excluding China was valued at 50.6 GWh in 2019, an increase of 31.8 percent from a year before, according to market researcher SNE Research…The three Korean battery makers accounted for 70.1 percent of the global market excluding China and Tesla. These three companies supply EV batteries to most of the world's major automakers, including Volkswagen, General Motors (GM), Hyundai Motor and Kia Motors, BMW and Daimler…Under these circumstances, Korean companies are making various efforts to dial up production. Samsung SDI signed an agreement with Glencore of Switzerland on Feb. 10 to procure up to 21,000 tons of cobalt, one of the core materials for batteries, for five years. The company also entered into a contract with Ecopro BM, a Korean cathode material manufacturer, on the same day to set up a joint venture for the production of next-generation cathode materials…SK Innovation signed a contract to purchase 30,000 tons of cobalt from Glencore in 2019. LG Chem made a deal with Belgium's Umicore in September 2019 to secure 125,000 tons of cathode materials. In 2018, it agreed with China's Huayu Cobalt to establish a joint venture to produce precursors and anode materials for batteries.

Forbes - February 13, 2020
StoreDot, with help from its partner oil giant British Petroleum, says it is developing battery technology which will allow a full recharge...
a little electric scooter and has yet to transfer it to a regular car. If electric cars are going to be able...

Range anxiety for electric car users is receding as batteries become bigger and more powerful, and according to Israel’s StoreDot, worries about wasting hours waiting to refill the "tank" could be about to go too…StoreDot, with help from its partner oil giant British Petroleum, says it is developing battery technology which will allow a full recharge in 5 minutes, just like internal combustion engined car drivers’ can…It sees an electric car future where Teslas and Nissan Leafs and Renault Zoes can drive into an electric filling station, select from perhaps 10 different recharging stations, plug-in, fill up, and be gone in just over 5 minutes. Just like you would with a gasoline car or SUV…StoreDot said it has demonstrated the technology on an electric scooter and is working on scaling it up. It expects to demonstrate the ability to recharge fast on an electric car by the end of this year or early in 2021, and manufacturers like Volkswagen or Mercedes should be able to incorporate them in the electric cars they sell to the public by 2023…StoreDot said, according to conventional wisdom, it is not possible to recharge so quickly because of the problem of overheating, known as plating or metalization. The chemistry of the battery has to be changed to avoid this…“Our focus is to deliver the missing piece in the ecosystem, the chemistry in the battery cell that can support 5 minute recharging. We are working on the chemistry of the battery. We are still using lithium-ion batteries, but replacing the graphite material with silicon. This enables the fast charging without overheating…“You will have, say, 10 slots where cars can charge in 5 minutes and that requires upgrading from the grid, and only major players like BP can influence the government on this. Then we plan a Europe-wide venture. It’s easier for us to start in the U.K. because of all the support required from various partners, like BP’s ChargeMaster and the government,” Myersdorf said…BP’s ChargeMaster has about 7,000 electric car charging points across Britain, including so-called ultra-fast 150 kW chargers…StoreDot claims, if attainable, would certainly shakeup the world of electric cars and remove two of the biggest problems which the public worries about – range and charging anxiety…“When the first super-charger station is opened by BP, it might be good idea to scale things back a bit to relax pressure on the local grid, so we would only use half the power our technology can handle and offer a full charge closer to 10 minutes,” Myersdorf said.  

Yahoo Finance - February 12, 2020
interview. Exxon has pedigree in this field. It invented the lithium-ion battery in the 1970s. This approach...

BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more…The U.S. supermajors have only committed to reducing greenhouse gases from their own operations, which typically account for just 10% of fossil fuel pollution. BP on Wednesday followed Royal Dutch Shell Plc and Equinor ASA in pledging to offset emissions from the fuels they sell to customers, representing about 90% of the total…“If we do see capital flowing into BP, that may force the U.S. majors to rethink the speed at which they move on carbon reduction targets,” said Noah Barrett, a Denver-based energy analyst at Janus Henderson, which manages $356 billion…Concerns about global warming are increasingly reshaping investment policies, with BlackRock Inc. and State Street Corp. becoming the latest high-profile investors to demand companies improve environmental, social and governance metrics, or ESG…Exxon and Chevron do agree with the goals of the Paris Agreement, support a carbon tax and are committed to cleaning up emissions from their vast network of wells, refineries and pipelines. They joined the Oil and Gas Climate Initiative later than their European rivals but are still fully paid up members. They even lobbied against U.S President Donald Trump’s plan to roll back Obama-era emission standards…The fundamental difference with European peers, however, is that neither is reducing commitment to their oil and gas business by chasing the crowd into lower-margin renewables such as wind and solar…Exxon has pedigree in this field. It invented the lithium-ion battery in the 1970s.

CTV News - February 13, 2020
electric vehicles under pressure to meet government sales targets. Sales of electric and gasoline-electric...

China's auto sales plunged in January, deepening a painful downturn in the industry's biggest global market and adding to economic pressures as the country fights a virus outbreak…Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group, the China Association of Automobile Manufacturers, reported Thursday…The industry was hurt by Beijing's decision to extend January's Lunar New Year holiday in order to keep families at home and reduce chances that infection might spread. That kept factories and dealerships closed…"In the short run, auto production and sales will be greatly affected," CAAM said. "The components supply system will be disrupted."…China accounts for 27% of global auto production, up from 7% in 2003, according to UBS…The slump is squeezing revenues for global and Chinese auto brands at a time when they are spending billions of dollars to develop electric vehicles under pressure to meet government sales targets…Sales of electric and gasoline-electric hybrid passenger vehicles tumbled 54.5% in January to 39,000, CAAM said…China is the biggest market for electrics, accounting for half of global sales, but demand plummeted when Beijing ended multibillion-dollar subsidies in mid-2019…Forecasters expect demand to rebound later in the year.

Unknown - February 13, 2020
BEIJING (Reuters) - Beijing will cut smog levels further this year by putting more new energy vehicles (NEV) on its roads, reducing diesel-fuelled truck numbers and tightening its supervision of vehicle emissions and refined oil products, the city said on Thursday.

Beijing will cut smog levels further this year by putting more new energy vehicles (NEV) on its roads, reducing diesel-fuelled truck numbers and tightening its supervision of vehicle emissions and refined oil products, the city said on Thursday…The city said it aims to have 400,000 NEVs - plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells - by the end of the year, up from the 225,000 on its roads at the end of 2018…It aims to speed up the elimination of high-emission cars and replace diesel-fuelled trucks with NEVs, which it will use for all its postal, intra-city delivery, environmental sanitation departments and for its airport and public bus systems.

MSN Canada - February 11, 2020
payloads spanning from 1,000 to 5,000 pounds. Special nickel-manganese-cobalt batteries sized 125 kW-hr and up reportedly...
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at


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