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European automakers face shortage of raw materials for electric vehicle batteries

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Major automakers such as Volkswagen, Daimler and Stellantis are keen to provide their European factories with a stable supply of batteries for electric vehicles, but they face a more serious problem in the form of a shortage of raw materials for these batteries.

Lack of sufficient amounts of lithium, nickel, manganese or cobalt could slow the transition to electric vehicles, making them more expensive and unprofitable for automakers.

Until recently, it was believed that Europe lost the battery race to dominant Asian manufacturers such as China’s CATL, South Korea’s LG Chem and Japan’s Panasonic. This was not seen as a problem, hoping to import off-the-shelf batteries.

But predictions by major banks that electric vehicle sales will skyrocket over the next decade have shocked the political establishment and automakers and forced a rethink about battery production. The result is billions of euros in EU funding programs and ambitious plans to build large battery factories by car manufacturers. Volkswagen alone is planning six battery factories in Europe, while Daimler and its partners are planning four. In total, the number of projects planned in the EU is approaching fifty.

If all these plans become a reality, local production can meet the demand for batteries by about 2030. Then as many batteries will be produced annually as needed for 13 million electric vehicles.

The problem lies in materials such as lithium, nickel, manganese and cobalt. Investment in the extraction of raw materials lags behind investment in the production of battery cells, so raw material prices are already rising, and soon enough the lack of materials may become a limiting factor, since Europe is not the only region that is switching to electric vehicles.

One of the possible solutions is called the refusal of the more expensive imports in favor of its own development and production. According to EIT InnoEnergy estimates, by 2030 Europe will be able to obtain a quarter of the raw materials it needs locally, provided that investments begin to flow in this direction now. Another option is recycling, but quality problems do not allow us to hope that more than 10-20% of demand will be satisfied with secondary raw materials.

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Electric Cars

Tesla Model 3 is the fastest selling electric car in the world

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Tesla Model 3 has already won many titles and titles in the automotive world, and then another one arrived in time: LeaseLoco named the Model 3 the fastest selling electric car in the world. According to the company’s analysts, an average of 24.5 Model 3s are sold per hour worldwide. No other electric vehicle can achieve similar sales rates.

In second place is the Chinese bestseller Wuling Hongguang Mini EV – the company sells about 14.4 of these cars per hour. But at the same time, the difference in price is indicative: the Model 3 is 10 times more expensive than the Wuling Hongguang Mini EV. And it diverges almost twice as fast.

Tesla Model 3 is the fastest selling electric car in the world

Another Tesla model, Model Y, entered the Top 3 fastest-selling electric vehicles in the world. The American company’s crossover sells for about 11.4 per hour. Better than the Nissan Leaf.

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Electric Cars

Modern hybrid crossover with 245 hp. with two large screens, acceleration to 60 km / h in 3.7 seconds and a consumption of 4.9 liters per 100 km for $ 21,750. Haval H6S sales start in China

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Haval has announced the start of pre-orders for the new H6S crossover in China. The cost starts at $ 21,750, and the maximum price is $ 25,825. Auto retail sales in China will start on October 30.

Haval H6S is built on the Great Wall Lemon platform. The length, width and height of the car are 4727, 1940 and 1729 mm, respectively, the length of the wheelbase is 2738 mm (just like the regular H6). The main differences between the H6S and the H6 are concentrated inside: the H6S received a transmission mode switch washer, a differently arranged interior and two displays – 10.25 inches in the dashboard and 12.3 inches in the multimedia and entertainment system.

Modern hybrid crossover with 245 hp.  with two large screens, acceleration to 60 km / h in 3.7 seconds and a consumption of 4.9 liters per 100 km for $ 21,750.  Haval H6S sales start in China

Modern hybrid crossover with 245 hp.  with two large screens, acceleration to 60 km / h in 3.7 seconds and a consumption of 4.9 liters per 100 km for $ 21,750.  Haval H6S sales start in China

The Haval H6S has two engines, both turbocharged. The purely petrol version uses a 2.0 liter internal combustion engine, and the hybrid version uses a 1.5 liter internal combustion engine. The power of the first variant is 210 hp, the second – 245 hp. The hybrid accelerates to 60 km / h in 3.7 seconds and consumes 4.9 liters of fuel per 100 kilometers.

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Electric Cars

Tesla Model S and Model X electric cars rise in price by $ 5,000

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Tesla continues to rewrite the price tags for its electric vehicles. Yesterday we wrote that some versions of Model 3 and Model Y have risen in price in the United States by $ 2,000, and tonight the flagships – Model 3 and Model X have risen in price. Moreover, by $ 5,000 at once.

Model S Long Range yesterday cost $ 90,000 in the US, today it is $ 95,000. The Model X Long Range was priced at $ 100,000, now it is $ 105,000. At the same time, the ordered cars will have to wait for more than six months: Model S Long Range for new orders will be shipped only by June 2022.

And here’s another interesting point. Historically, the Model X crossover has always been more expensive than the Model S, but now that has changed. While the Model S Plaid costs $ 130,000, the Model X Plaid can be ordered for $ 120,000. Moreover, in fact, this is one and the same car, the only difference is in the body type.

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