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EV Battery Prices Dropped Significantly in December but are Expected to Stabilize by 2Q24

TrendForce -
The EV battery market in December pursued its inventory reduction strategy, resulting in a further decrease in cell demand. A combination of a lack...

EV Battery Materials and Related Technologies Set to Fuel the Electric Vehicle Battery Market to $93.94 Billion by 2026

PR Newswire -
The automotive industry is witnessing a significant shift in consumer preferences driven by the increasing prevalence of electric vehicles (EVs) globally. Environmental concerns are...

Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

PR Newswire -
Constrained economic expansion will translate to slow growth across the new, used and wholesale auto markets, but 2024 is expected to be the best...

Xiaomi EV Distribution Will Use A Combination of Direct Sales and Agency Models

Pandaily -
Xiaomi‘s automobile channel will adopt a similar direct sales + agency model as XPeng Motors. On January 2nd, Xiaomi EV officially announced the launch of...

China Projected to Export 1.2 Million NEVs in 2023 amid Tightening Tariffs by the US, Says TrendForce

TrendForce -
TrendForce reports that the global sales volume of NEVs (including BEVs, PHEVs, and FCVs) is estimated to reach approximately 12.8 million units in 2023....

Toyota and Other Automakers Reportedly Join Forces for the Development of Advanced Automotive Chips

TrendForce -
In a bid to compete with rivals like Tesla, who conduct in-house research and development of advanced chips for automotive applications, Japanese automakers have reportedly...

Automotive Megatrends Drive 4.8% CAGR in Copper Demand until 2034

IDTechEx -
Copper is a key mineral for the automotive industry, used ubiquitously across the wiring harnesses market. Its demand is set to grow due to...

BYD confirms it will build passenger NEV plant in Hungary

CnEVPost -
BYD will build an NEV production facility in the Hungarian city of Szeged, which will be constructed in phases and is expected to create...

LG Chem aims to be the Top Cathode Supplier in the U.S. with Groundbreaking of Tennessee Plant

PR Newswire -
LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material...

Nio secures new $2.2 billion investment from Abu Dhabi’s CYVN

CnEVPost -
CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July. Nio...
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