Carbon emissions from heavy-duty vehicles need to fall 16% this decade to meet net-zero emission targets, according to the International Energy Agency. While battery trucks are likely to make up the bulk of the electrified truck fleet, the demands of longer-distance trucking can’t always be met by batteries and instead may use hydrogen fuel cells. […]
> Daimler Truck, a German truck manufacturer, is planning a $2-3 billion gigafactory to produce lithium iron phosphate (LFP) cells in the US in a joint venture. The 21 gigawatt-hour gigafactory will be built through a joint venture between Daimler Truck, component manufacturer Accelera (a unit of Cummins), and truck maker PACCAR, who will each have […]
> With the installation of renewable energy set to expand rapidly between now and 2050, new challenges will start to face the world’s electricity and energy networks. A major concern is that renewable energy is currently curtailed when generation outstrips demand. Energy storage is needed to capture this energy to later feedback into the grid when […]
> Chinese-owned Volvo Cars is taking over its joint venture with Northvolt as the battery manufacturer struggles with scaling production and challenging market conditions. The joint venture, NOVO Energy, was expected to begin production in 2026 from a facility in Gothenburg, Sweden. The project has planned investments of $2.8 billion and a 2030 pipeline capacity of […]
> Lithium chemical prices spiked in China on Monday following a bullish speech by the chairman of Ganfeng – the world’s third-largest lithium producer – in which it was suggested that lithium demand growth could reach 30% in 2026. In a keynote speech on 16 November at the 10th International Summit on Power Battery Application in […]
> In the season of Q3 result releases, battery manufacturer CATL has reported record financial performance. Cumulative revenue from Q1–Q3 rose from RMB259bn ($36bn) in 2024 to RMB283bn ($39.3bn) in 2025, a year‑on‑year increase of 9%. Net profit also rose 41% between Q3 2024 and Q3 2025, from RMB13.14bn ($1.87bn) to RMB18.55bn ($2.58bn). Efficiency gains underpin profit growth Increasing efficiency has […]
> NEO Performance Materials (NEO), a Canadian company with 30 years of rare earths industry experience, officially opened its rare earth permanent magnet (REPM) plant in Narva, Estonia, with a high-level ceremony on September 19, with Benchmark in attendance. The Narva plant marks NEO’s second rare earth facility in Estonia, complementing its established Silmet rare earth […]
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]
> China’s Ministry of Industry and Information Technology (MIIT) has unveiled stricter listing requirements for new energy vehicles (NEVs), set to take effect from 2026. Vehicles must meet these revised specifications to qualify for inclusion on the official MIIT listing, a prerequisite for receiving favourable tax treatment. How will the new PHEV rules affect the market? From […]