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Alternative Power Report, August 2024
The August issue of PSR’s Alternative Power Report includes several articles on battery development, including ones describing news at Tesla. This month’s report also includes news on hydrogen power and the decline in diesel sales. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
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Canada Considers Tariffs on Chinese EVs Similar To US and EU Moves
ALTERNATIVE POWER REPORT
Guy Youngs The Canadian government is preparing tariffs on Chinese-made EVs to align with the US and European Union, which have already proposed heavy duties to deter “unfair” competition imported from overseas
The country holds strong ties with the US and EU and looks to align with its trade partners in solidarity while blocking a potential loophole China could use to enter North America.
Source: Electrek: Read The Article
PSR Analysis: Canada is still in the early stages…
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EU Tariffs Hit Chinese EVs, Draw Stern Words from Beijing
The European Commission told automakers (July 11, 2024) it would impose extra duties of up to 38.1% on imported Chinese electric cars starting in July 2024, risking retaliation from Beijing, which called the move protectionist. Less than a month after Washington announced plans to quadruple duties for Chinese EVs to 100%, Brussels said it would set additional tariffs ranging from 17.4% for BYD to 38.1% for SAIC, on top of the standard 10% car duty. It said this was to combat excessive subsidies
it’s…
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EV Sales Headed for Long-Term Growth
ALTERNATIVE POWER REPORT
The short-term picture for EV growth is mixed, but long-term prospects look good. EV sales will continue to grow despite the mixed near-term outlook, according to BloombergNEF’s Long-Term Electric Vehicle Outlook (EVO) which indicates that rapidly falling battery prices, advancements in next-gen battery technology, and improving relative economics of EVs with ICE counterparts continue to underpin long-term EV growth globally.
Global passenger EV sales are expected to continue…
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Belgium May Lose Audi Car Production in Brussels
EUROPE REPORT
Audi said it intends to “restructure” its Forest production site in Brussels, a move that clearly could end with the site closing by 2027. Production of the model Q8 e-tron, the only model produced in Forest, will end sooner than was expected. Audi Brussels manufactured about 53,000 cars in 2023, but the sale of the large Q8 car with a high price tag (the catalog price starts at 86,000 EUR) does not meet market demand in Europe.
The possible closure could put more than 1500 employees out of work. The full production of the electric SUV Q8 e-tron will be relocated to Mexico and China where production costs will be lower than in Europe.
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LG, Hyundai Open Indonesia EV Battery Plant
SOUTH KOREA REPORT
South Korean battery giants LG Energy Solutions and Hyundai Motor have opened their first battery plant in Indonesia. The plant will produce batteries for electric vehicles to be sold locally and in neighboring countries. Indonesian President Joko made the announcement at a ceremony held July 3 in the Karawang region near the capital, Jakarta, to mark the opening of the new plant.
The investment is $1.2 billion, split 50-50 between LG Energy and Hyundai Motor. The annual battery…
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Chinese Joint Venture Begins Mississippi Battery Plant
CHINA REPORT
Jack Hao ACT Company (AMPLIFY CELL TECHNOLOGIES LLC ), a Chinese a joint venture company, has broken ground for a battery production plant in Mississippi.
ACT Company was established by EVE Energy’s wholly owned subsidiary EVE Energy US, Cummins, Daimler Trucks, and Paccar. The joint venture will produce prismatic lithium iron phosphate batteries, mainly for designated North American commercial vehicle applications. It will have an annual production capacity of about 21GWh and will provide more than 2,000 local jobs.
The project is expected to start shipping in 2026, and the three foreign enterprises and their affiliates will become the main customers, purchasing most of the products from the factory.
ACT Company is the first project of EVE Energy’s CLS model, aiming to enhance the flexibility and competitiveness in the global cooperation process, and to work with more partners to jointly promote sustainable development. The successful beginning of this project marks the entry of EVE Energy into a new stage of global development.
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Honda To Cut Thai Car Production
THAILAND REPORT
Akihiro Komuro Honda said it plans to integrate its two automotive manufacturing plants in Thailand by 2025. The move will cut annual production capacity in Thailand by 50% to 270,000 units.
Production at the Ayutthaya plant will be discontinued and consolidated at the Prachinburi plant in central Thailand. The Ayutthaya plant has an annual production capacity of 150,000 units. Honda's total production capacity in Thailand is 270,000 units, but there was a surplus of 147,000 units in…
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China Threatens EU, U.S. with Tariffs Up To 25%
Guy Youngs Trade tensions have continually risen among China, the European Union, and the US in recent years, with much of the drama surrounding imported EVs, so 10 days after the Biden administration introduced a 100% tariff on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports.
The EU has also been included in this threat but while it is conducting a probe into China’s EV exports, it has placed this probe on a temporary halt…
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