Global Electricity Supply
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Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
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Renewable Energy Sources Can Meet 90% Global Supply By 2050: RK Singh
Union Power and New & Renewable Energy Minister RK Singh today said renewable energy sources can supply 65 per cent of the world's total electricity by 2030 and as much as 90 per cent by 2050.
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From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply
In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.
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CATL to Set Up $7.6 Billion Hungary Battery Plant to Supply BMW, Mercedes Amid Growing Demand
CATL, the world's biggest electric vehicle battery maker has announced plans to build a EUR 7.3 billion (roughly Rs. 59,600 crore) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
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Tesla Next-Generation Battery Production Delayed, to Rely on Suppliers to Meet Battery Demand This Year
Tesla has announced that its plans to make its own next-generation electric vehicle (EV) batteries have been delayed, falling short of CEO Elon Musk’s target for the company to make its own cutting-edge batteries this year. If the company’s endeavour succeeds, it will assure itself a steadier supply of inexpensive, higher-range batteries, in or...
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Ather Says High Costs, Supply Chain Disruptions Pushing Back Profit Timeline
Ather Energy has revealed that the company’s path to profit was delayed by a surge in raw material costs and supply chain disruptions. The company’s CEO and co-founder Tarun Mehta said that while he previously expected to break even later this year, it could take a few more quarters to do so. Ather launched the third generation of its 450X e-sc...
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Auto Chip Shortage: How China Turned Into Ground Zero for Shortage Amid the Pandemic, More
The global auto chip shortage has affected China, the world’s biggest manufacturer of cars and leader in electric vehicles (EVs), as supply strains have been compounded by a zero-COVID lockdown in auto hub Shanghai that ended last month. The shortage is more acute than elsewhere and threatens to curb the nation's EV momentum. Here’s how China b...
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Electric Vehicles Could Take 33 Percent of Global Sales by 2028, Says AlixPartners
Electric vehicle sales could reach 33 percent globally by 2028 and 54 by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday.
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Tesla To Charge More For Cars In United States As Inflation Bites
Tesla Inc again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs.
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Honda 2Wheelers India Unveils Future Roadmap, To Bring Flex-Fuel Motorcycle, Swappable Batteries
Honda Motorcycle and Scooter India's future roadmap includes upgrading the Manesar facility to convert it into a global production hub for motorcycles, developing flex-fuel engines for India and introducing swappable batteries through its new vertical, Honda Power Pack Energy.
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Taiwan Electric Scooter Firm Gogoro Has 'Healthy' Chip Supply For Now, Risks As It Grows: CEO
While a global shortage of semiconductors has slammed auto makers, Gogoro CEO Horace Luke said that the company uses far fewer chips than electric car makers and still has a relatively small market concentrated in Taiwan.
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Carmakers Dream of Clean, Green, Mean Electric Machines
From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors.
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Car Sales In India Rise But Automakers Warn Of supply Chain Disruptions
Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global supply chain disruptions.
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Sumitomo Metal Sees Global Nickel Demand For Battery Use At 410,000 In 2022
Sumitomo Metal, which supplies cathode materials for the Panasonic lithium-ion batteries used in Tesla EVs, said demand for nickel used in rechargeable batteries will climb in 2022
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LG Energy Solution, GM To Build $2.1 Billion Battery Factory In U.S.
LGES commands more than 20% of the global electric vehicle battery market and supplies Tesla Inc, Volkswagen AG and Hyundai Motor Co, among others.
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Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
Renewable Energy Sources Can Meet 90% Global Supply By 2050: RK Singh
Union Power and New & Renewable Energy Minister RK Singh today said renewable energy sources can supply 65 per cent of the world's total electricity by 2030 and as much as 90 per cent by 2050.
-
From Texas To Tokyo, Extreme Heat Is Now Threatening Global Fuel Supply
In addition to causing spikes in electricity demand as people fire up air conditioners, the scorching temperatures have led to a spate of disruptions at oil refineries.
-
CATL to Set Up $7.6 Billion Hungary Battery Plant to Supply BMW, Mercedes Amid Growing Demand
CATL, the world's biggest electric vehicle battery maker has announced plans to build a EUR 7.3 billion (roughly Rs. 59,600 crore) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
-
Tesla Next-Generation Battery Production Delayed, to Rely on Suppliers to Meet Battery Demand This Year
Tesla has announced that its plans to make its own next-generation electric vehicle (EV) batteries have been delayed, falling short of CEO Elon Musk’s target for the company to make its own cutting-edge batteries this year. If the company’s endeavour succeeds, it will assure itself a steadier supply of inexpensive, higher-range batteries, in or...
-
Ather Says High Costs, Supply Chain Disruptions Pushing Back Profit Timeline
Ather Energy has revealed that the company’s path to profit was delayed by a surge in raw material costs and supply chain disruptions. The company’s CEO and co-founder Tarun Mehta said that while he previously expected to break even later this year, it could take a few more quarters to do so. Ather launched the third generation of its 450X e-sc...
-
Auto Chip Shortage: How China Turned Into Ground Zero for Shortage Amid the Pandemic, More
The global auto chip shortage has affected China, the world’s biggest manufacturer of cars and leader in electric vehicles (EVs), as supply strains have been compounded by a zero-COVID lockdown in auto hub Shanghai that ended last month. The shortage is more acute than elsewhere and threatens to curb the nation's EV momentum. Here’s how China b...
-
Electric Vehicles Could Take 33 Percent of Global Sales by 2028, Says AlixPartners
Electric vehicle sales could reach 33 percent globally by 2028 and 54 by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday.
-
Tesla To Charge More For Cars In United States As Inflation Bites
Tesla Inc again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs.
-
Honda 2Wheelers India Unveils Future Roadmap, To Bring Flex-Fuel Motorcycle, Swappable Batteries
Honda Motorcycle and Scooter India's future roadmap includes upgrading the Manesar facility to convert it into a global production hub for motorcycles, developing flex-fuel engines for India and introducing swappable batteries through its new vertical, Honda Power Pack Energy.
-
Taiwan Electric Scooter Firm Gogoro Has 'Healthy' Chip Supply For Now, Risks As It Grows: CEO
While a global shortage of semiconductors has slammed auto makers, Gogoro CEO Horace Luke said that the company uses far fewer chips than electric car makers and still has a relatively small market concentrated in Taiwan.
-
Carmakers Dream of Clean, Green, Mean Electric Machines
From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors.
-
Car Sales In India Rise But Automakers Warn Of supply Chain Disruptions
Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global supply chain disruptions.
-
Sumitomo Metal Sees Global Nickel Demand For Battery Use At 410,000 In 2022
Sumitomo Metal, which supplies cathode materials for the Panasonic lithium-ion batteries used in Tesla EVs, said demand for nickel used in rechargeable batteries will climb in 2022
-
LG Energy Solution, GM To Build $2.1 Billion Battery Factory In U.S.
LGES commands more than 20% of the global electric vehicle battery market and supplies Tesla Inc, Volkswagen AG and Hyundai Motor Co, among others.
