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Chinese EV producers step up solid-state battery plans

  • Spanish Market: Battery materials, Metals
  • 27/05/24

Major Chinese auto manufacturers aim to launch mass production of solid-state batteries for electric vehicles (EVs) in the coming years.

State-owned SAIC plans to deploy full solid-state batteries in its own EV brands from 2025 and start mass production in 2026. The battery will have an energy density of over 400Wh/kg. This can support at least 1,000km of driving range, according to industry forecasts.

SAIC produced nearly 290,000 new energy vehicles during January-April, accounting for 22pc of its total vehicle production, up by 32pc from a year earlier. It is also China's largest EV exporter.

GAC Group has also outlined a plan to deploy full solid-state batteries with its Hyber EV brand in 2026. The battery has an energy density of 400Wh/kg that can support more than 1,000km of driving range.

Domestic EV producer Nio in last June tested a solid-state battery with a 360Wh/kg energy density and a 1,044km driving range. IM Motors, in which SAIC holds a stake, in April unveiled a plan to launch its IM L6 EV model with an ultra-fast charging solid-state battery with 130kWh of power and support up to 1,000km of driving range with a 900V ultra-fast charging capacity.

Chinese EV and battery manufacturers have accelerated their development of solid-state batteries in an effort to make up for the shortcomings of dominant ternary and lithium iron phosphate batteries, such as erratic safety performance or limited driving range. Solid-state batteries with a longer life, smaller size and safer performance are considered the main development direction for the next generation of power batteries in a rapidly developing global EV industry.

But there are several challenges restricting mass production of solid-state batteries, particularly significantly higher manufacturing costs, which could complicate Chinese EV manufacturers' production targets.


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07/01/25

UK edges Germany to top Europe BEV market in 2024

UK edges Germany to top Europe BEV market in 2024

London, 7 January (Argus) — Sales of battery electric vehicles (BEVs) in the UK last year climbed by 21pc to 381,000 units, according to the Society of Motor Manufacturers and Traders (SMMT), as the country overtook Germany to become the largest BEV market in Europe. Sales in the UK climbed furthest towards the end of the year, driven by strong corporate subsidies ( see graph ) . S ales in Germany slumped by 27pc to 380,609 units, as consumers continued to feel the loss of a €4,500 purchasing subsidy in December 2023. Sales in France last year edged down by 2pc , and the halving of EV buyers' subsidies announced in November because of budget constraints is expected to weigh on sales further. France is Europe's third-largest market ( see graph ). UK market stays open to China-made EVs One reason for the UK's surge in BEV sales, after corporate incentives, is trade policy. The UK is one of the few established BEV markets without surplus tariffs on China-made BEVs, beyond unilateral 2.5pc duties agreed by member states of the World Trade Organisation (see graph) . Japan, another unrestricted market, recorded just 4,531 units in November compared with 38,531 sales in the UK. Sales of China-branded BEVs in western Europe have jumped to over 3pc of overall car sales in recent years, a sharp rise but still insignificant as a market share (see graph) . But Chinese carmakers accounted for over a half of BEV sales in Europe — 51pc in January-September last year, up from 46pc a year earlier — according to market research firm JATO Dynamics. UK corporate sales continue to prop up BEV sales UK private sales to individuals accounted for just 1 in 10 BEV sales last month — of which there were 44,312 — according to SMMT chief executive Mike Hawes. The remainder — around 89pc — were corporate car sales, much higher than the corporate sector's share of 68.5pc in the overall car sales market. This has risen sharply in recent years, from 57pc and 49pc in 2023 and 2022, respectively . "At first glance, the apparent drop in demand from private buyers for electric cars may seem concerning. However, it reflects a fundamental shift in how we finance vehicles," Tom Barnard, analyst at Electrifying.com, said. "It's important to note that the sales figures from 2024 exclude private buyers who have benefited from the excellent deals on EVs available through salary sacrifice or personal lease schemes, as these are recorded as fleet registrations." "Too many PCPs [personal contract purchases], contract hire, finance and motability purchases are recorded as fleet sales when they're being driven by private buyers," Quentin Wilson, founder of EV campaign group FairCharge, said. "We need to change the way these EV registrations are recorded, and fast." By Chris Welch UK BEV sales 2022-24 Europe's three largest BEV markets by sales Tariffs on Chinese-made EVs of selected EV markets West European new passenger car market share pc Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

SMM to wholly own Philippine Coral Bay nickel smelter


07/01/25
07/01/25

SMM to wholly own Philippine Coral Bay nickel smelter

Singapore, 7 January (Argus) — Japanese mining and trading group Sumitomo Metal Mining (SMM) plans to buy the remaining shares of Philippines' Coral Bay Nickel (CBNC) smelter from Philippine firm Nickel Asia (NAC), it said today. SMM currently owns an 84.375pc stake in CBNC, the first hydrometallurgical metal processing plant in the Philippines that adopts the high-pressure acid leaching (HPAL) process. SMM will acquire the remaining 15.625pc from NAC, making CBNC a completely-owned subsidiary of SMM. But no further details about the transaction price or timeline was disclosed. CBNC has the capacity to produce 24,000t/yr of nickel and 2,500t/yr of cobalt. SMM also holds 75pc in the Taganito HPAL nickel facility, another HPAL plant in the Philippines. The firm's other nickel operations include the Niihama Nickel Refinery and Harima Refinery in Japan. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil's EV sales hit record high in 2024


06/01/25
06/01/25

Brazil's EV sales hit record high in 2024

Sao Paulo, 6 January (Argus) — Brazil's sales of electric vehicles (EVs) increased by 90pc to a record 177,360 units in 2024, according to the electric vehicle association ABVE. EV sales last year rose from 93,930 units in 2023. That includes battery electric vehicles (BEVs), hybrid electric vehicles (HEV), micro hybrid and mild hybrid electric vehicles (MHEV), plug-in hybrid electric vehicles (PHEV) and flex HEVs. Disregarding micro hybrid units, which are not considered fully electrical, EV sales reached 173,530 last year, an 85pc increase from 2023. Plug-in market rising Sales of plug-in vehicles — including PHEVs and BVEs — totaled almost 125,625 in 2024, representing a 71pc of total EV sales and more than double from the 52,360 units sold in 2023. The expansion of the recharging infrastructure in Brazil drove the plug-in market growth, reducing concerns about the utilization of EVs in long-distance travels. There were more than 12,000 charging stations in the country as of early December, according to charging station management platform Tupi Mobilidade. Hybrid vehicles without external chargers — such as HEVs, flex HEVs and MHEVs — accounted for 29pc of total sales in 2024, with around 51,735 units, a 24pc hike from 2023. Sao Paulo keeps leading the way Southeastern Sao Paulo state remained the leader of EV sales in Brazil, with nearly 56,820 units sold and accounting for 32pc of total sales, followed by federal district Brasilia, with 9pc. Rio de Janeiro, Parana and Santa Catarina states represented 7.2pc, 6.8pc and 6.5pc, respectively, of Brazil's EVs sales. By Maria Albuquerque Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Nippon Steel condemns Biden move to block US Steel bid


03/01/25
03/01/25

Nippon Steel condemns Biden move to block US Steel bid

Tokyo, 4 January (Argus) — Japanese firm Nippon Steel has condemned President Joe Biden's decision to block its proposed $15bn acquisition of US Steel citing national security concerns arising from a Japanese company owning a major US steelmaker. The US president has "sacrificed the future of American steelworkers for his own political agenda", Nippon Steel said. "It is clear that the CFIUS (committee on foreign investment in the United States) process was deeply corrupted by politics and the outcome was pre-determined to satisfy the political objectives of the Biden administration," Nippon Steel added. The company pledged to save the deal by "taking all appropriate action to protect our legal rights". Nippon Steel warned that Biden's decision sends a chilling message to any company based in a US-allied country contemplating significant investment in the US. "It is shocking and deeply troubling that the US government would reject a pro-competitive transaction that advances US interests and treat an ally like Japan in this way," the company said. Biden's decision is hard to understand and regrettable, especially given that it was made after consideration of US national security, Japan's trade and industry minister, Yoji Muto, said. Tokyo will seek to clarify with the Biden administration the decision-making process followed by the CFIUS, Muto added. Japan's trade and industry ministry (Meti) agrees with Nippon Steel that the transaction would contribute to sustaining steel production capacity and employment in the US economy, Muto said, adding that the acquisition would be of mutual benefit. "The deal is to promote collaboration on advanced technologies and increase the competitiveness of the US and the Japanese steel industry," he added. The Japanese government must take this matter seriously, Muto reiterated, given growing concern among Japanese industries regarding the future US-Japan investment climate. Japanese business federation Keidanren in September wrote an open letter to US treasury secretary Janet Yellen, who chairs the CFIUS, expressing concern about political pressure being brought to bear on the committee. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Biden blocks Nippon Steel’s bid for US Steel


03/01/25
03/01/25

Biden blocks Nippon Steel’s bid for US Steel

Pittsburgh, 3 January (Argus) — President Joe Biden blocked Nippon Steel's proposed $15bn acquisition of US Steel today citing national security concerns with a Japanese company owning a major US steelmaker. Biden said evidence suggests that Nippon Steel "might take action that threatens to impair the national security of the US" if it owned US Steel. Nippon Steel, based in Tokyo, proposed buying US Steel in December 2023, outbidding other suitors, including US steelmaker Cleveland-Cliffs. US Steel corporate leadership said Nippon's investment would be the best way forward for the Pennsylvania company's aging integrated steel mills in Pittsburgh and northern Indiana. The United Steelworkers labor union opposed the sale to Nippon from the outset. US Steel shareholders approved the acquisition last year, but the merger became a political issue during the presidential election, which centered around Pennsylvania's electoral votes. Both Biden and president-elect Donald Trump vowed to block the sale of US Steel, which is among the top four US steelmakers, but no longer the powerhouse it was in the 20th century. Biden's move could have broader implications for foreign investment, in part because Japan is a staunch US ally in Asia. Nippon Steel did not immediately respond to a request for comment on its plans for the deal. Biden's statement today said Nippon must abandon the deal within 30 days. By James Marshall Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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