The battery pipeline capacity fell 1.94% month-on-month in March, the biggest net decline since Benchmark launched its formal assessment in 2018. The drop reflects lower investment and may indicate that China’s competitive cell industry is about to undergo consolidation. Based on satellite image analyses, Benchmark removed assets from its gigafactory database that no longer appeared […]
> The US Inflation Reduction Act (IRA) is dramatically accelerating the construction timeline for battery gigafactories in North America, according to Benchmark’s Chief Data Officer Caspar Rawles. “The previous belief was that China was the quickest region to install new plants,” said Rawles at Benchmark’s recent Giga Europe 2024 event in Stockholm. “But since the IRA, […]
> 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 […]
> As the number of gigafactories being built increases, Benchmark has begun using satellite analysis to provide an additional level of insight into the ramp up of battery capacity. Benchmark has verified 400 operations globally, 235 of which are active. With many sites nearing completion, this figure is expected to rise in the near future. As […]
> China has postponed the implementation of its expanded rare earth export controls announced in early October following high-level US-China trade negotiations in South Korea this week. It marks a temporary easing in what had become an escalating front in the tit-for-tat US–China trade confrontation. The announcement follows extensive economic and trade consultations in Kuala Lumpur, […]
> India’s battery demand from electric cars is set to overtake the demand for batteries from the electric two and three wheelers segment (2 & 3-wheeler) by the end of the decade, even as the country faces a steep challenge to secure and build a stable supply of critical battery materials locally. In 2029, India’s battery […]
> 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 […]
> The Indian government has acknowledged that black mass exporters are circumventing hazardous waste export rules through the use of unrelated HS codes. Under current regulation, black mass can only be exported from India under a certain HS code once the exporting company has received an export control licence and further permissions from the Indian government. […]