2024-01-22
Deutz AG To Sell Torqeedo Shares To Yamaha Deutz AG signed an agreement Jan. 19, 2024, to sell its shares in Torqeedo to Yamaha Motor Co Ltd. The sale of Torqeedo’s shares were planned and announced at the Deutz Annual General Meeting held in April 2023.
Torqeedo is a market leader in developing and manufacturing advanced marine electric engines and propulsion systems.
BYD is negotiating to acquire Sigma Lithium, the largest lithium mining entity in Brazil, according to the Financial Times. The potential agreement could be valued at US$ 5 billion (R$ 14.3 billion). Sigma Lithium operates a lithium mining facility in the Jequitinhonha Valley in the state of Minas Gerais. The strategic intent behind this acquisition by the Chinese manufacturer is to secure a stable supply of raw materials essential for the production of batteries to power its electric vehicles.
BYD has expanded its presence in Brazil through the acquisition of the Ford plant in Camaçari (BA). This facility is earmarked for the production of light vehicles. Additionally, BYD operates a manufacturing plant in Campinas (SP), specializing in the production of bus chassis and plug-in hybrid electric vehicle (PhEV) panels.
Source: Financial Times Read The Article
PSR Analysis. After Tesla demonstrated interest in the same company, BYD advances its negotiations. It is in line with BYD’s strategy of verticalization and helps to solve one of the strategic bottlenecks of EV production, minerals availability and price. PSR
Fabio Ferraresi is Director Business Development South America for Power Systems Research
The Thai government has announced the discovery of a large lithium deposit, calling the deposit the third largest in the world after Bolivia and Argentina. It has estimated reserves of approximately 14.8 million tons. The deposit was found at two sites in the southern province of Phang Nga. However, it will take some time to find out how much of the discovered resources can be used.
Thailand is keen to become the center of EV production in Southeast Asia, leveraging its experience in assembling conventional cars, and the discovery of the lithium deposit will give the country a boost in achieving this goal.
Source: AFPBB
2024-01-19
Sila’s Titan Silicon anode powder consists of tiny particles of nano-structured silicon that replaces graphite in traditional lithium ion batteries. Compared to graphite, silicon stores up to 10 times more energy, so using it instead of graphite for anodes — which release electrons when a battery discharges — can significantly improve a battery’s energy density.
However, the material swells during repeated charging, with the resulting cracks radically reducing battery life. The Sila technology allows for this expansion by using nano-scale carbon “scaffolding” to keep the silicon in check.
The silicon powder has several advantages. With it, EVs could soon be able to travel up to 500 miles without stopping to charge. When the need does arise to recharge, the Sila batteries could do so in about 10 minutes.
Source: CleanTechnica: Read The Article
PSR Analysis: Using silicon powder does not require new manufacturing techniques so the technology is proven and should be relatively cheap (but this wasn’t mentioned in the article) and it bypasses the virtual Chinese monopoly on purified graphite (China currently supplies 96% of the purified graphite used by the world’s battery makers). PSR
Guy Youngs, is Forecast & Adoption Lead at Power Systems Research
Inside China a state subsidy is the norm, but outside of China the position is very different. The level of involvement by the central government feels a lot like a subsidy, one that undercuts local manufacturers. The problem is especially acute when it comes to electric car production.
Many of China’s car companies are looking more and more to export markets to absorb some of their production. But for some countries, the electric car onslaught coming from China is seen as a threat to local companies and their workers. The EV revolution was never intended to displace domestic industries and workers but that seems to be happening.
Engine maker Cummins is recalling 600,000 Ram trucks as part of a huge US$2 billion settlement with federal and California authorities for using illegal software to cheat results of diesel emissions tests.
Research by IDTech predicts that by 2044, hydrogen fuel cell cars will represent only about 4% of the total zero-emission passenger vehicles market. While the research predicts that hydrogen fuel cell cars would be a “very small portion” of the car market, IDTech also forecasted that about one fifth of zero-emission trucks would run on hydrogen.
Greater upfront costs for FCEVs over both combustion engine vehicles and BEVs, and increasing running costs makes an fuel-cell car a hard sell for consumers. IDTech cited lack of hydrogen refueling as a significant factor holding back FCEV
Euromonitor International has released the results of its Electric Vehicle Readiness Index for 2023 survey, which evaluates the most prepared countries which can support widespread EV adoption.
Norway, Switzerland and Sweden ranked at the top of the index, due to EV market maturity and consumer buying power. Brazil, South Africa and India were ranked at the bottom, owing to limited government incentives, low incomes and the undersupply of public charging stations
Battery development news continues to lead the way in the current issue of the Alternative Power Report produced by Power Systems Research. In this issue, read articles about silicon anode powder used in batteries and a new cathode material that provides cheaper and more sustainable power. This issue contains news about government regulations aimed at EVs and GM and Komatsu joining forces to produce hydrogen powered mining trucks.
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