UK energy provider, Octopus Energy, and BYD have unveiled an all-inclusive vehicle-to-grid (V2G) bundle that includes car leasing, a bi-directional charger, and a smart tariff. In one of the first commercially available deals of its kind in the UK and Europe, this is a step towards increasing adoption of V2G, but obstacles remain ahead of […]
> Benchmark Mineral Intelligence, specialising in EV supply chain research and insights, reports that 1.9 million electric vehicles were sold globally in October 2025. Rho Motion Data Manager, Charles Lester, commented: “Global EV sales reach 1.9 million units in October 2025, marking a 23% increase year-to-date. Europe led regional growth with a 36% year-on-year increase, driven […]
> Two-thirds of the 2035 sodium ion pipeline capacity is from Tier 3 producers, the Benchmark Gigafactory Database shows. Just 10% of capacity is from Tier 1 producers – those who have proven their ability to produce battery cells at scale for customers outside of China. The reverse trend is true for lithium ion batteries, with […]
> The UK lithium scene, through mica mining and innovative direct lithium extraction (DLE) projects, has an announced lithium extraction capacity pipeline of 78,000 tonnes LCE (lithium carbonate equivalents), according to Benchmark’s Lithium Forecast. For lithium chemical production, the UK has 6,000 tonnes LCE of operating capacity and a further 135,000 tonnes LCE announced. Most of […]
> Benchmark has tracked over $50 billion of energy transition funding, throughout 2025 in its Energy Transition Capital database, with the largest share allocated to the battery supply chain. The role of debt, grants, and equity Debt The EV, battery, and battery materials markets have matured rapidly over the past few years. As a result, debt is playing an increasingly […]
> At CATL’s Tech Day, the battery giant unveiled the second generation of its Shenxing Battery capable of charging at a maximum power of 1.3 MW. This comes less than a month after BYD announced a new iteration of its blade battery capable of charging at speeds of 1 MW; part of the wider trend of […]
> The UK bucked a wider downturn in electric vehicle (EV) sales across continental Europe in 2024, surpassing Germany to become Europe’s largest EV market for the first time last year. Automakers offered large discounts on electric models – to the tune of an estimated £4.5 billion – to meet the UK government’s zero emission vehicle […]
> The mining industry accounted for ~5% of global carbon emissions last year, with roughly half originating from mining vehicles. Electrifying mine sites offers an opportunity for miners to cut emissions while also reducing costs. With 30%–50% of a mine’s energy costs attributed to diesel, replacing internal combustion fleets can deliver significant savings. “Mining electrification is […]
> The EV industry has experienced remarkable growth far beyond what many envisioned a decade ago. In 2024, total EV sales surpassed 17 million units worldwide, marking a 25% year-on-year increase. As the market expanded, new EV companies emerged and rapidly scaled into multibillion-dollar enterprises. However, a closer look at their financials reveals that while a […]