Tesla is one of the leading brands in the global EV industry. After years of growth, Tesla’s 2024 results showed a fall in sales compared to 2023 and the company’s Q1 2025 sales indicated a continuation of this downturn. In Q1 2025 global battery electric vehicle (BEV) sales increased 35%, while Tesla’s global sales fell […]
> US battery electric (BEV) & plug-in hybrid (PHEV) sales hit record highs in August and September 2025 as consumers rushed to purchase vehicles before the federal tax credit expired. The New Clean Vehicle Credit (30D) and Qualified Commercial Clean Vehicle Credit (45W) were both eliminated on 30 September 2025, following changes introduced in the One, […]
> 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, […]
> 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 […]
> Global mined rare earth supply in 2024 was six times higher than in 1994, according to an analysis by Benchmark’s Rare Earths Forecast and the United States Geological Survey. Back then, China and the US constituted the majority of supply. However, repeated spills of toxic wastewater into the Mojave National Preserve from the Mountain Pass […]
> CODELCO, the Chilean state-owned copper miner, has reportedly offered their European customers record premiums on copper cathodes at USD 325/t for 2026 – 39% higher than last year’s level – according to sources familiar with the matter and media reports. This follows on from news last week that Aurubis increased offers 38% for 2026, leaving […]
> BYD’s European electric vehicle (EV) sales in the first half of this year jumped more than five-fold compared to the same period last year according to Rho Motion’s EV & Battery Database. Over the same period, Tesla’s vehicle sales in Europe fell 28%. As a result, BYD is fast approaching Tesla in terms of unit […]
> US President Trump and Australian Prime Minister Anthony Albanese have signed a landmark Critical Minerals Framework to bolster both nations’ access to rare earths and other critical minerals, in an effort to counter China’s dominance over strategically important supply chains. The framework indicates that the two governments will utilise a range of policy instruments to […]
> 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 […]