Lithium price: Tesla now sells 22% of world’s battery power
Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold in more than 80 countries around the world, representing more than 90% of the global EV market.
The latest report by Toronto-based Adamas on global EV battery deployment in passenger vehicles should give Tesla skeptics, the ranks of which are still growing, pause.
Tesla is simply miles ahead of the competition. On a MWh-basis, the Muskmobile is not just shaming US and European competitors, but also the more than 400 EV manufacturers registered in China.
In May this year, Tesla was responsible for 22% of all electric vehicle battery capacity deployed worldwide versus 18% a year ago according to Adamas data.
The Model 3 alone represented 16% of battery power hitting roads compared to 4% for no.2 BYD (Build Your Dream), the Chinese EV leader backed by Warren Buffett.
Teslas have always had bigger batteries than competitor cars to help with fast-charging and range and Adamas sees no slowdown in Tesla’s quest for battery power dominance:
In the first five months of 2018, there was just a single month in which Tesla deployed over 1 GWh of EV battery capacity, while over the first five months of this year there have been three, speaking to the automaker’s growing appetite for li-ion cells.
From January through May of this year, over 7 GWh of battery capacity was deployed globally in Tesla EVs. Inferring from the company’s strong Q3/Q4 sales record, Tesla is conservatively on track to exceed 20 GWh deployed by 2019 year-end.
source: MINING.COM
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Russia takes aim at US nuclear power by throttling uranium
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project