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Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices. Major Chinese lithium producers have previewed dismal 2023 financial results, with lithium prices experiencing an epic drop. Lithium producers, including Ganfeng Lithium, Tianqi Lithium, and Chengxin Lithium, expect their net profits in 2023 to be much lower than in 2022, with the common reason being the sharp drop in lithium prices. Ganfeng — the world’s largest lithium producer by market capitalization — expects net profit attributable to shareholders to be…
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available. Stories we discuss in this episode (with links): Subscribe to the Electrek Daily Channel on Youtube so you never miss a day of news Follow Mikey: Twitter @Mikey_Electric Listen & Subscribe: Share your thoughts! Drop us…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Battery swapping is considered a joke in North America, but in China, it is a real and growing business model. Nio was one of the first companies to start building battery swapping stations in China. Last year it added 995 new ones, bringing the total to 2,300. In all, it has completed more than 30 million battery swaps, including 430,000 in one week! It is also building battery swap stations in Norway. Two years ago, CATL, the world’s largest battery manufacturer, introduced its EVOGO…
The all-new Mini Aceman, which is basically the electric crossover version of the latest-generation Mini hatchback, is on the last leg of its development process after completing all the necessary tests in extreme temperatures. For extreme cold, engineers took the all-electric Aceman to the Arctic Circle to put the charging system, battery thermal management system, and electric motors to the test. Then, the battery-powered crossover was shipped to the desert to do the same–but this time in temperatures of up to 122 degrees Fahrenheit (50 degrees Celsius). Get Fully Charged Mini gets the Aceman EV ready for prime time The…
The biggest news out of General Motors’ Q4 2023 earnings call today wasn’t the earnings themselves, or the announcement that it’s still targeting profitable electric vehicles by the middle of this year, or that it expects another profitable year thanks to strong sales of gas-powered trucks and SUVs. No, the big news is literally between those things: GM is returning to the hybrid market it walked away from years ago. The news comes a mere day after the Wall Street Journal published a story about GM’s dealer network urging the automaker to return to electrified gas engines. Those dealers say the…
Hyundai Motor Company’s (Hyundai and Genesis brands) global vehicle sales in December amounted to 342,919, down 0.8% year-over-year. In 2023, the company sold 4,216,680 vehicles (up 6.9% year-over-year). Unfortunately, December brought relatively weak sales of plug-in electric cars (a fifth lower than a year ago), despite that, the year as a whole was still a record result. Get Fully Charged Hyundai EV sales hit new record in 2023 In 2023, Hyundai Motor’s global plug-in car sales exceeded 300,000, which is almost a third more than in 2022. This includes over 260,000 all-electric Hyundai and Genesis cars. Last month, the combined…
Rolls-Royce is recalling its first EV. Ford is offering some sweet Mustang Mach-E deals to fleets. And yes, GM is planning to bring plug-in hybrids back. This and more, here at Green Car Reports. GM has announced that it is ready to bring some plug-in hybrid models back to the North American market. It’s a shocker that may have many longtime EV fans doing a double take, as for years GM has resisted ideas of bringing back the tech it once championed with its vaunted Chevy Volt—saying among other things that it hurt its ability to vertically integrate its EV…
Five years after the discontinuation of the Chevrolet Volt, it appears General Motors is ready to bring plug-in hybrids back to its North American lineup. The news was reported by several sources following the automaker’s quarterly and 2023 earnings call—including CNBC, which cited comments made by GM CEO Mary Barra during the call. GM’s quarterly shareholder letter doesn’t mention plug-in hybrids, but the report claims Barra confirmed plans for them in remarks to investors. “GM remains committed to eliminating tailpipe emissions from our light-duty vehicles by 2035,” Barra reportedly said, referencing a goal GM first discussed in 2021, “but, in…
Although Toyota held its title as the top-selling automaker, the industry is shifting beneath it. Toyota sold over 100,000 EVs in 2023, but that’s still less than 1% of the record 11.2 million vehicles handed over last year. Toyota sold 104,018 EVs in 2023: Is it enough? The automaker announced its 2023 global sales results Tuesday, showing over 11.2 million vehicles were handed over last year. Between the Toyota and Lexus brands alone, a record 10.3 million vehicles were sold in 2023. Toyota’s global EV sales reached 104,018 in 2023, up 325% from 2022. Despite the triple-digit growth, Toyota only…
The shift to electrification in America is moving fast. Politicians are pushing a speedy transition, tax incentives have made the move easy(-ish), and infrastructure revamps are poised to make public charging less of a hassle. Still, the fire under consumers seems to still be a bit lackluster. Car dealers think that they know why. Welcome to Critical Materials, your daily roundup of all things EV and auto tech that you want to know. Today, we’re covering General Motors’ dealer push for more hybrids, a desired probe into Ford’s new battery plant, and new complaints about Tesla’s new Autopilot recall. Let’s…