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 […]
> Tesla’s decision to stop selling the Model 3 Standard Range in North America in October will lead to a significant drop in demand for lithium iron phosphate (LFP) batteries in the region in the near term, Benchmark data shows. The US electric vehicle maker’s latest move could see North American LFP cell demand drop by […]
> 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, […]
> India’s pipeline of cathode active material (CAM) production capacity is set to grow more than 50-fold over the next decade. Altmin, Himadri Speciality Chemical, and Epsilon Advanced Materials have the largest pipeline capacities in the country. Almost all CAM capacity under development in India is for LFP, both due to the popularity of the cathode […]
> 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 […]
> 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 […]
> Chinese cobalt sulphate prices stayed flat for the sixth straight week in late August after staging a slight recovery from the lowest levels over seven years seen a little over a month ago. The brief pause in price decline comes as producers resist lower bids amid a supply surplus, despite relatively weak demand for nickel […]
> European gigafactories must distinguish themselves from Asian counterparts by embedding sustainability into their supply chains and production processes, according to panellists at last week’s Benchmark Giga Europe 2024 conference in Stockholm, Sweden. “We need to differentiate ourselves from the competition in Asia,” said Vincent Veron, Head of Transition Minerals, Metals, and Batteries at BNP Paribas. […]