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Electric-Car Surge Paces Europe’s Best Auto Sales in 10 Months SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 10:53 AM on Friday, August 28th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

Hybrid and electric-car registrations soared in Europe last month, seizing a record share of the market and lifting total sales to the highest in 10 months.

Registrations of plug-in hybrids more than quadrupled, while battery-electric vehicles more than doubled, according to auto-market researcher Jato Dynamics. Total sales slipped just 4% from a year ago to 1.28 million, the most since September.

“If the current situation continues to improve, we could start to talk about a ‘V’ shaped recovery in the European car industry,” Felipe Munoz, a global analyst for Jato Dynamics, wrote in a report Thursday. EV demand is rising because of a wider selection of more affordable models and increased competition that is pushing down prices.

The figures are the most positive yet for an industry that had expected Europe to continue lagging the recoveries other regions have mustered following the coronavirus pandemic. Auto sales fell less drastically in the U.S. and have started growing again in China.

Government subsidies in countries including Germany and France have kick-started sales, especially for electrified models. Hybrid, plug-in hybrid and battery-only vehicles were 18% of registrations last month, up from 7.5% a year ago. Four of the five best-selling hybrids were Toyota Motor Corp. models, while Renault SA’s Zoe dominated the electric segment.

Tesla Inc. missed out on the trend, with registrations plunging 76% to just over 1,000 units, Jato said.

“Tesla is losing ground this year in Europe,” Munoz said. “Some of this can be explained by issues relating to the production continuity in California, but also by high competition from brands that play as locals in Europe.”

There were 10 more battery-electric cars on the market last month than a year ago, with new models including the Peugeot 209, Mini Electric, MG ZS, Porsche Taycan and Skoda Citigo buoying the segment.

SOURCE: https://www.bnnbloomberg.ca/electric-car-surge-paces-europe-s-best-auto-sales-in-10-months-1.1485785

Tesla Considers All-In-One Home, Battery and Electric Car Energy Package SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 12:01 PM on Thursday, August 13th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

Electric car and solar energy company Tesla is considering providing an all-in-one home and car energy package, that would include controlled EV charging times if it goes ahead in Germany.

As more cars become powered by electric drive-trains, the lines between the energy and automotive industry will become increasingly blurred.

Already, energy companies, such as AGL, Origin  and Powershop in Australia, are looking to offer cheaper tariffs for EV drivers and consider ways to encourage drivers to charge their EVs to help soak up excess electricity demand.

Now, we are beginning to see similar moves from the other side of the market: auto makers looking to slide sideways into the energy market (not to mention oil companies such as Shell doing something similar).

In a survey sent to potential German customers, Tesla sought to gauge interest on whether electric car drivers would like Tesla to schedule car charging times as part of the package to take advantage of cheaper tariffs.

The survey also asked respondents if they would be interested in purchasing a Tesla Wall Connector EV charge unit, a Tesla Powerwall, Tesla solar panels, as well as what would persuade them to switch to another energy company.

According to PV-Magazine which first reported the survey, it hints at a possible “energy package” that would combine all of these.

The company also asks: “Suppose your car is charged every morning to meet your daily needs. Under what conditions would you allow Tesla to control the charging time of your car so that it is charged for your daily needs and to offer you a cheaper electricity tariff?”

Options that survey respondents can select include, “If there is a clear financial advantage for me,” and, “If there are other advantages such as free or cheaper charging at home or on public charging station,” and if, “it helps to increase the share of renewable energies in the energy mix.”

To determine to what degree EV drivers would be prepared to hand over control of charging times to Tesla, the survey also asks what type of payment model they would prefer, including “a day-ahead hourly-variable price per kilowatt-hour.”

The German survey is not the first inkling that Tesla is considering entering the energy market.

In May, RenewEconomy reported that the Californian EV and battery storage giant had applied to the UK’s energy regulator for a licence to sell energy.

It’s not clear if Tesla is thinking about combining its energy package with a “big battery” such as the one operated by French renewable energy developer Neoen in Hornsdale, South Australia that doubled savings for customers within its first two years’ of operation, as well as shoring up grid security.

While Tesla’s expansion into energy has always been part of its raison d’être, having acquired SolarCity in 2016 as part of a “master plan”, the EV maker is not the only car company that is eyeing off the energy market.

In 2019, German auto giant Volkswagen also announced it would expand its offerings to include renewable household energy systems and electric car charging, under new subsidiary, Elli Group GmbH.

Tesla did not respond to queries from the The Driven if it would consider a similar package in Australia before the time of publishing.

SOURCE: https://thedriven.io/2020/08/11/tesla-considers-all-in-one-home-battery-and-electric-car-energy-package/

Electric Vehicles Are Cheaper To Run- This Is Why SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 10:31 AM on Tuesday, August 11th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

One of the most overlooked and undersold benefits of converting to electric vehicles is the impact that they have on their owners’ wallets.

A myth has emerged about their running costs that have seen people overlook the long-term financial benefits that EVs afford.

This is a welcome addition to their environmental credentials amidst rising fuel prices and increasing levies against internal combustion engine (ICE) vehicles in city centres.

Today’s article seeks to bust this myth and show you why switching to EV could save you money, and save the planet.

EV’s: Pricing up the difference

As of the writing of this article, we concede that the average EV costs more than the Internal Combustion Engine (ICE).

Although we are witnessing a rapid change in this area.

The latest generation of electric vehicles are coming to market at the same cost as their petrol or diesel counterparts.

Furthermore, we can compare the two best sellers in each category, the ICE Ford Fiesta, and the EV Nissan Leaf.

We see that the €4,000 ($4,490/£3,400) difference in purchase price can be overcome within just three years for the average driver.

Talking tax

Vehicle tax rates are calculated based on the car’s carbon dioxide (CO2) emissions per kilometre.

Tax breaks for zero-emissions vehicles, alongside governmental incentives such as grants, have been a key factor in the growing number of EVs on the road.

A recent study by the International Council for Clean Transport found that EV owners could save as much as 27% each year compared to driving diesel equivalents.

Their analysis, which compared the same make and model of vehicles across EV, petrol, and diesel found that drivers in Norway would save 27% in running costs by going electric.

The average driver in the study could save between 11-15%.

The UK offered the lowest savings in running costs at 5% due to the recent cuts in grants for EVs.

The average ICE in Europe emits 112g/km of CO2, equating to €153 (£140) per year in tax.

In addition, the average EV offers around €70 ($78/£60) per year in servicing savings.

Predominantly there are fewer moving parts in electric vehicles so they create less friction and therefore less wear.

The lower average running temperatures also help to reduce wear and offer greater efficiency.

Charging the change

Finally, the most obvious saving comes from the fuel source that is used to power each vehicle.

Based on current electricity prices, a car costs 15c per kWh to charge ($0.17c/£0.13), meaning that a mid-range EV driving around 9,000 miles per year would cost €274 or 2.7c per mile in running costs.

This is vastly cheaper than the petrol equivalent of the same vehicle, which would cost around €965 ($1,084/£825) per year to refuel, costing 9.1c per mile.

In fact, according to the UK Government’s Ultra Low Campaign, the average ICE costs 12c per mile to run.

The difference is even starker when you consider that the most efficient ICEs covert just 17-21% of their fuel into power, while EVs deliver around 59-62%.

Furthermore, when teamed with localised renewable energy sources, electric vehicles can save you even more money.

And of course, help you push towards a neutral carbon footprint for energy consumption.

Low wear, fewer tears

An oft-overlooked benefit of electric vehicles over their ICE counterparts is that their motors are highly simplified.

They have fewer moving parts and they do not require regular oil changes to ensure that they run efficiently.

The upside of which is that wear is greatly reduced, as are maintenance costs – meaning fewer trips to the mechanic and a potential saving of around €70 (£60) per year.

In addition, with great gains being made in battery and motor efficiency, technical issues can be overcome through wireless software updates sent directly to your electric car.

A great example is Mercedes’ innovation of acclimatising batteries to their ideal temperature in advance of you starting go charge.

This is not a technical issue per se, but one that elongates the life and increases the efficiency of the batteries.

You can find out more about this in Robert Llewellyn’s test drive of the Mercedes-Benz EQC.

Preparing for the future

While many are choosing not to consider the future of their ICE vehicle, it is clear that their days are numbered, and that they will not continue to hold their value in the years ahead.

Paris has led a number of global cities in legislating a ban on diesel vehicles from 2024.

This has taken the next step of banning the sale of all ICEs from 2030 as the French capital aims to become carbon-neutral by 2050.

We expect this trend to increase in the coming years as lawmakers push to meet climate targets.

They also want to cut the number of deaths associated with carbon emissions from traffic

This is estimated to account for nearly 500,000 early deaths per year in the EU alone.

Can you afford to miss out on the benefits of electric vehicles? In the face of an accelerating climate crisis, the world can’t.

SOURCE: https://irishtechnews.ie/electric-vehicles-are-cheaper-to-run-this-is-why/

Lomiko Investment $LMR.ca Promethieus Ventures N.V. To List On The Dutch Caribbean Stock Exchange With Ticker DCSX:TECH $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 8:56 AM on Thursday, August 6th, 2020

 Vancouver, B.C., Aug. 06, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) Lomiko Metals Inc. announces that it’s participation of 20 % in Promethieus Technologies Inc. (“Promethieus Tech”) will be exchanged for 20 % equity in a new to be formed entity Promethieus Ventures N.V. (“Promethieus N.V.”).which intends to list on the Dutch Caribbean Securities Exchange (DCSX) N.V

The (DCSX) is a self-regulatory international exchange focused on the listing and trading of domestic and international securities. It is a securities exchange platform where companies can raise funding through a large network of global investors. The DCSX is focused on servicing start-ups as well as small and medium-sized enterprises.  The DCSX is located in Curacao, a Lesser Antilles island country in the southern Dutch Caribbean region.

Promethieus N.V. will seek to raise up to 10 million USD to advance the projects currently underway. The listing agent for Promethieus N.V. is Amergeris Global Listing and Exchange Services.  The company has requested and received the ticker symbol ‘TECH’ for Promethieus N.V.

Lomiko confirms that on July 31, 2019  it had entered into an agreement to sell it’s 100% interest in Lomiko Technologies Inc. to Promethieus Technologies Inc. (Canada) for $ 1,236,625 in return for a 20 % equity participation in Promethieus Tech. Lomiko subsequently provided an outline of reasons for the sale on November 25, 2019. Further, Lomiko  will be reimbursed $ 193,614.32 in expenses paid by Lomiko on behalf of Promethieus Tech.  This transaction was approved by shareholders of both Lomiko Metals Inc. and Promethieus Tech  Lomiko Technologies Inc. is the owner of 18.15% of SHD Smart Home Devices Ltd. and 40% of Graphene Energy Storage Devices.  Lomiko was a founding shareholder of Promethieus Tech and currently owns 20% of that company.  The transaction was reviewed by the applicable regulatory bodies.  The transaction was considered a non-arms length transaction as Mr. A. Paul Gill is a Director and a significant shareholder of all the entities involved.

As announced December 3, 2018, Promethieus Technologies Inc. changed it’s mandate to focus on Future Tech investments and has reviewed investment opportunities in electric vehicle infrastructure, clean energy, the Internet of Things (IoT) as well as clean-tech and green tech materials related to these technologies. 

For more information on Lomiko Metals, SHD Smart Home Devices or Promethieus, review the website at www.lomiko.com, www.shddevices.com and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

“Jacqueline Michael”

Director, Chief Financial Officer

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the DCSX  accept responsibility for the adequacy or accuracy of this release.

A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
[email protected]

Industry Bulletin: Goodbye To Diesel and Gasoline Cars: Volkswagen Factory Produces Last Ever Combustion Engine Car SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 3:30 PM on Wednesday, August 5th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • Volkswagen factory in Zwickau only manufactures electric cars

The Volkswagen factory in Zwickau in Lower Saxony, Germany has seen its latest combustion car come out of its assembly line: the seventh-generation Golf R Estate. Vehicles have been built here since 1904, and iconic models such as the Trabant have emerged from its assembly line.

Today this plant will be dedicated exclusively to the assembly of electric cars, such as the Volkswagen ID.3 from November 2019, and in the future, it will also house the models of its sister brands SEAT and Audi.

the end of an era

Volkswagen

The German brand has said goodbye to combustion engines in Zwickau with this variant of the Golf, equipped with a 2.0-liter gasoline engine and finished in Oryx White Pearl Effect, which will go to a German customer.

With an investment of 1,200 million euros, the German manufacturer has been transforming Zwickau to make it the hub of its electrification plan. Once the final expansion phase is reached from 2021, it will produce six MEB platform models from three of the group’s brands, thanks to the 8,000 employees who work there in line with more than 1,600 robots that carry out assembly tasks.

The transformation works have already started in Hall 6, where Golf Estate has been produced until now. After a conversion phase that will last for several weeks during the summer, the first electric vehicles will be produced there at the end of the year, along with the ID.4, and an SUV from sister brand Audi is also planned.

The ID.3 electric motor, the 16-year-old dual-clutch gearboxes, and parts of the MEB modular platform leave the Kassel plant in the center of the Federal Republic of Germany.

Electric motors are manufactured here for all MEB vehicles in Europe and North America, and in parallel for the Chinese market. Parts of the battery box, shock absorbers, structural components, and the central tunnel are also developed and delivered to the Zwickau plant for assembly and thus complete the vehicle body.

For its part, the battery system for the ID.3 is manufactured in Brunswick alongside that of the Scania and MAN trucks.

As reported by the German brand, over the past 30 years, 6,049,207 Volkswagen cars of the Polo, Golf, Golf Estate, Passat Saloon, and Passat Variant models have been produced in Zwickau.

The Volkswagen ID.4 is the compact and 100% electric SUV that promises up to 500 km of autonomy

In 2017 Volkswagen presented its ID Crozz, a prototype electric SUV, in Shanghai. That concept has evolved and has now been integrated into this new ambitious transformation of the brand, which has reused the concept to present the Volkswagen ID.4.

It is an all-electric SUV in a contained format that, according to the firm, “will be produced and sold in Europe, China and the United States” and which joins Volkswagen ID.3 as the first exponents of this fully electric future that this manufacturer proposes.

Lots of autonomy for a compact SUV

One of the key points on which they have focused on the design of this compact SUV is that of aerodynamics. According to Volkswagen officials, this section is so advanced in ID.4 that it allows “to reduce the drag coefficient and that will manage to boost the autonomy of ID.4 to 500 kilometers, depending on the version .”

Volkswagen will first launch a rear-wheel-drive version to later develop the four-wheel-drive version. The maximum battery capacity is known to be 77 kWh and to be located “close to the center of the lower body to create a low center of gravity and optimal driving dynamics.”

The manufacturer also promises “interior space to spare” thanks to that compact electrical system and a fully digital dashboard controlled by both touch and voice gestures.

Production of the Volkswagen ID.3 began late last year, and the firm indicates that its production target for electric cars will be 1.5 million units by 2025 instead of the one million it intended to reach in its previous estimate. The new member of the family, the Volkswagen ID.4, is expected to present in Europe throughout 2020, and then launch in the United States as well.

SOURCE: https://vocal.media/wheel/goodbye-to-diesel-and-gasoline-cars-volkswagen-factory-produces-last-ever-combustion-engine-car-shifts-to-e-vs-only

VIDEO: Lomiko Metals $LMR.ca Engages Kenmar Securities to Raise $ 40 Million Cdn for Acquisition and Development of Critical Metals Projects $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-JC at 8:06 PM on Sunday, July 19th, 2020

Lomiko Metals Inc. announced that it has engaged Kenmar Securities, LLC of New York (“The Advisor”) to raise $ 40 million Cdn for acquisition and development of critical metals projects. Kenmar Securities, LLC, is a Delaware limited liability corporation and SEC-registered securities broker-dealer and FINRA member.

The Advisor will assist the Company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, assist and advise the Company with respect to the financial form and structure of any potential transaction.

“This year is the start of the Electric Vehicle Revolution.  Lomiko would like to become part of the Battery Material supply chain” stated Mr. A. Paul Gill, CEO.

Watch this interview or listen by Podcast on AppleGoogleSpotify or your favourite podcaster.

Lomiko Metals $LMR.ca Engages Kenmar Securities to Raise $40m Cdn for Acquisition and Development of Critical Metals Projects $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 6:23 PM on Friday, July 17th, 2020

Vancouver, B.C., July 17, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)(Lomiko or the “Company”) announces that it has engaged Kenmar Securities, LLC of New York (“The Advisor”) to raise $ 40 million Cdn for acquisition and development of critical metals projects. Kenmar Securities, LLC, is a Delaware limited liability corporation and SEC-registered securities broker-dealer and FINRA member.

The Advisor will assist the Company in analyzing its business, operations, properties, financial condition and prospects, prepare suitable marketing materials, contact any potential partner companies, assist and advise the Company with respect to the financial form and structure of any potential transaction.

“This year is the start of the Electric Vehicle Revolution.  Lomiko would like to become part of the Battery Material supply chain” stated Mr. A. Paul Gill, CEO.

The Company agrees that, should the Company, or any affiliate of the Company, consummate any Transaction with a Referral pursuant to this Advisory Agreement, from the Effective Date through a period lasting until the twenty-four (24) month anniversary of the cancellation or termination of the Advisory Agreement, the Company shall pay to the Advisor, or cause the Advisor to be paid, at the funding of such Transaction, a success fee (the “Success Fee”) equivalent to five percent (5.0%) of the gross proceeds raised from the Transaction, which is equivalent to the total amount received or to be (and actually) received by the Company, from one or more Referrals. The Advisor cannot be certain that any amount of financing will be made available by its Referrals.

The payment of fees under any transaction is subject regulatory approval.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer 

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Attachment

A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
[email protected]

Why a “Million Mile” Electric Vehicle Battery Heralds the Death of Internal Combustion Engine SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 11:17 AM on Tuesday, July 7th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

Talking about batteries is just about as interesting as Scotch tape or paper clips. We take them for granted, but we all use them. Batteries have been around a long time. In 1938, archaeologists at a dig in Iraq uncovered the earliest -known battery dating back over 2000 years.

The first common, commercially available batteries like what we use today were invented in 1896 by a company that eventually renamed itself Eveready. These were specifically made for a new device called a “hand torch,” later known as a flashlight.

Fast-forward to today. The ubiquitous battery powers everything from watches to electric cars and solar power storage. It is found in satellites and home appliances, rockets and drones.

Electric vehicle batteries : range and MPGe

Batteries have had several key limitations, such as how long they hold a charge, how much power they can deliver on demand and how many charge cycles they can sustain. Let’s dive into one of the most recognizable battery applications, powering Tesla’s line of electric vehicles , known as EVs, and focus on range and how it compares to traditional mpg of gas-powered autos.

Tesla’s first production model car when introduced, the Roadster, had a battery capable of 200 miles per charge. Within a matter of months, with software updates and battery improvements, the EPA rated it at 244 miles on a single charge with 120 miles-per-gallon-equivalent. A total of 2,450 Roadsters were sold from 2008 through 2012.

The next vehicle, and the first high-volume production auto introduced in July 2012, was the Model S full-size sedan with sales totaling over 120,000 cars to date. The current Model S Long Range Plus has an EPA range of 402 miles and 104 MPGe.

The follow-up to the Model S was the Model X SUV, which began production in earnest in late 2015 with a total production to date of over 75,000. The battery in the Long Range Plus version has an EPA range of 351 miles with 94 MPGe.

Next up is Tesla’s Model 3, the most successful electric vehicle in history with more than 350,000 cars sold since its debut in 2017. It has an EPA rated range of 402 miles with 104 MPGe.

The Million Mile battery

Now the game-changer. Tesla has announced a battery upgrade that signals the death-knell for the internal combustion engine. Tesla worked with a Chinese battery company, CATL, to create (and patent) a battery design that can last for 1.24 million miles and a minimum of 16 years of lifespan. Compare that to current automakers with car battery warranties covering 60,000-150,000 miles for 3 to 8 years.

CATL is not prohibited from supplying the new battery to other EV manufacturers, which is a typical Elon Musk move who, in 2014, famously made all Tesla patents available to use. Elon’s goal is to shift the world away from fossil fuel use and to stay ahead of everyone else by out-innovating them.

Why are internal combustion engine vehicles now obsolete?

The most expensive part of an EV is the battery. The threshold for an EV to be price comparable with its non-EV competitors is to get a battery costing under $100 per kilowatt hour. We have now reached that milestone.

Larger batteries allow EV’s to go much further on a single charge, and this new battery should provide EVs with average ranges of 400 to 500 miles or more to start. This takes care of range limitations.

Larger batteries also allow for substantially faster charging. To get to a full charge on any EV battery, the first 50% charges up quickly, while the second half takes much longer. Larger batteries mean the first 50% provides more storage capacity which charges up quickly. Industry pundits expect the million-mile battery to charge up to 250 to 350 miles of range in as fast as 10 minutes.

An auto built to last

Tesla’s drive units and bodies for their mass-production models, such as the Model 3, were designed to last a million miles. Add the new million-mile battery and you have an EV as the first truly multi-generational auto, one that your grandkids will still be able to drive. EVs have a fraction of the moving parts that an internal combustion engine vehicle has, which makes EV’s orders of magnitude more reliable and longer lasting. EV batteries — for example, the ones used by Tesla’s Model S — currently last only 1,000 to 2,000 discharge cycles (a cycle is charging 0% to 100%), which is roughly 300,000 to 500,000 miles. The new million-mile battery is expected to hold more than 90% charge after 4,000 cycles. The average American driver clocks 13,476 miles a year. That translates to roughly 74 years of EV battery usage to reach a million miles.

The bottom line

Our current battle with COVID-19 did have one positive side effect, a drastic reduction in greenhouse gas emissions. China alone experienced a 25% reduction in carbon emissions and 50% reduction in nitrogen oxides emissions. Worldwide, daily carbon emissions during the lockdown in early April fell by 17% and could lead to an annual carbon emissions decline of up to 7%.

The tipping point for EVs vs. internal combustion engine vehicles is here. The dramatic cost reduction in solar, wind and hydro energy combined with EVs priced at or below internal combustion engine autos will finally lead to the world dumping its dependence on fossil fuels for power and transportation.

Technology advances will continue to drive down the cost of EVs, and solar/wind/hydro will do the same to electricity. Dump your gas-guzzling auto now for an electric vehicle before everyone figures out its value is about to plummet to scrap metal.

Source: https://www.bendbulletin.com/business/edge-of-tech-why-a-million-mile-electric-vehicle-battery-heralds-the-death-of-internal/article_93f30254-bbd9-11ea-ad91-5355268e1856.html

The Next Step In The Electric Vehicle Evolution SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 4:03 PM on Wednesday, June 24th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • The electric vehicle revolution has turned out to be more of an evolution, with the industry making slow and steady progress.
  • Despite this progress, the electric vehicle industry is still yet to turn a profit as a whole.
  • The next major step for the industry is to focus on efficiency and profitability, the two factors that will most impact the EV market share.

Many believe electric vehicles are the only future of road transportation. Equally, many are confident they will never replace internal combustion engines—not entirely, anyway. The so-called EV revolution, with sales of electric cars going through the roof and overtaking the sales of ICE cars, has failed to materialize. What the EV industry has instead been going through has been more stable and reliable: an evolution.

During this evolution, cutting battery costs and extending the range have been the two focal points of the EV industry. Now that there are some reliable results in these two respects, it is time to move to the next level: making EVs profitable.

It might come as a surprise that not all EVs are profitable, given that most EV-related headlines in the mainstream media are dedicated to Tesla, and Tesla continues to surprise the market with robust profits. But industry-wide, EVs have yet to turn in a profit, a new report from Lux Research says.

According to the report, the electric vehicle industry has made significant progress on battery costs and range extension, which has helped boost sales. Now, Lux Research analysts say, it is time to focus on efficiency to drive profitability, which would eventually make EVs more popular than ICE engine cars. This, the analysts say, should happen around 2035 or 2040, when plug-in hybrids and battery electric vehicles are expected to account for over half of all car sales.

“Currently, BEVs are more expensive and less convenient to use than their non-electric counterparts, but technology will continue to close this gap,” the lead author of the report, Christopher Robinson said. “We expect to see efficiency front and center as the next major focus of BEV design, with automakers either downsizing packs to increase profitability or offering more range.”

Naturally, the conclusions from the study are not based on research of every single EV that is on the global market. They are based on a representative sample of models, but, Robinson notes, there is a substantial difference between models in terms of profitability.

“Profitability in making electric vehicles ranges significantly between manufacturers. Tesla is likely the most profitable electric vehicle manufacturer with average gross margins around 20% on its vehicles,” the study’s lead author said. “However, that’s not the case for most as GM reported it still loses money on each Chevy Bolt it sells and has been hesitant to ramp up production. As incumbent manufacturers increase production capacity, we do expect profitability to improve through increased volumes of shared parts between models and advancements in batteries, motors, and other electronics in the powertrain.”

And then there are subsidies. Scorned by libertarians as a taxpayer-burdening crutch for industries that should be able to stand on their own two feet, subsidies for electric vehicles will remain in place for the observable future, at least in Europe and China, two of the world’s largest EV markets.

China recently said it would extend EV subsidies for two years, although it had planned to scrap them this year. It will gradually reduce them by 10 percent this year, 20 percent next year, and 30 percent in 2022, but it will keep them in place to stimulate more EV sales. Beijing has a target of 25 percent of all car sales to be EVs.

Meanwhile, Germany and France are even raising their EV subsidies to drive more purchases. These purchases are a big part of their green recovery plan, and in France, they are a big part of the revival of the local car industry, which has already invested heavily in electric vehicle manufacturing capabilities.

Sales of EVs this year will be affected by the pandemic, as will all car sales. BloombergNEF projects an 18-percent decline in EV sales this year but notes long-term demand remains strong.

Still, two more obstacles remain on the road to making EVs the dominant form of road transportation, and Lux Research analysts accurately call them range anxiety and charge time trauma. The reference to mental issues is not accidental. Besides their price, an inherent mistrust of EVs is a big reason why they are not a more common sight on roads and streets around the world.

Resolving these issues will take time, and they cannot be rushed, unless carmakers start handing out free EVs. After all, EVs are not an improvement on the ICE technology the way digital cameras were an improvement on analog ones. EVs are an alternative technology whose main advantage is that it does not emit noxious gases.

There are certainly many people concerned about the environment enough to be willing to spend more on a cleaner vehicle. Yet those who would rather keep their old truck, noxious gases and all, than buy an electric version and worry about charging times and ranges all the time are many more. These are the people whom the EV industry needs to convince that their product is reliable and won’t leave them stranded at a charging station in the middle of nowhere for hours.

By Irina Slav for Oilprice.com

Source:https://oilprice.com/Energy/Energy-General/The-Next-Step-In-The-Electric-Vehicle-Evolution.html

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One of the biggest challenges for automakers is building electric vehicles that can deliver ranges of over 400 miles with batteries that last the lifetime of the vehicle. Unlike gas-powered vehicles with mechanical engines, electric cars equipped with more reliable electric motors can travel a million miles or more, given that their batteries can last just as long. 

Now Chinese battery maker Contemporary Amperex Technology Limited (CATL), says its ready to build an EV battery with an expected lifespan of 1.2 million miles or 16 years before its needs replacement, Bloomberg reported this week.

In an interview at the company’s headquarters in Ningde, southeastern China, CATL Chairman Zeng Yuqun says that the company is ready to build it.

“If someone places an order, we are ready to produce,” said Zeng to Bloomberg, without disclosing if any contracts for the long-life battery have been signed. The longer life battery is expected to cost around 10% more than the EV batteries being used today, said Zeng. 

CATL is one of the biggest suppliers of batteries to the auto industry. The company has already formed a strategic partnership with German automaker Volkswagen to supply the batteries for millions of EVs the automaker plans to build over the next decade. 

In addition, an EV battery with a million mile plus warranty could be a big selling point for automakers, luring new customers to switch to fully-electric vehicles that might last much longer than their fossil fuel counterparts.

Electric automakers Tesla for example, the company considered to be the world’s leader in the electric vehicle segment, currently offers just an 8 year or 150,000 mile battery warranty for the Model S and Model X, with a minimum of 70% retention of the battery capacity during the warranty period, so CATL’s battery can offer much better long-term performance.

In addition, the long-life EV batteries can be used for second life purposes, including being installed in another electric vehicle, or connected to the grid.

Concerns about expensive to replace batteries losing charge retention is one factor holding back consumer adoption of EVs. Last year, Tesla Chief Executive Elon Musk said that replacing the Model 3 battery will cost between $5,000 and $7,000. However, Tesla has steadily improved its battery technology since the Model S was introduced in 2012.

In a Twitter post on April 13, 2019, Musk wrote about the Model 3, “Model 3 drive unit & body is designed like a commercial truck for a million mile life. Current battery modules should last 300k to 500k miles.”

Rival General Motors last month said it is nearing the million mile mark with its new batteries. 

CATL is Positioning Itself to Become a Major EV Battery Supplier

As the auto industry transitions to electrification, CATL is positioning itself to be a leading global supplier of batteries. The company is pouring money into research-and-development to improve battery technology. 

CATL inked a two-year deal in February to supply batteries to Tesla. Previously, Tesla primarily mainly worked with Japan’s Panasonic Corp. and South Korea’s LG Chem to produce EV batteries. The lucrative deal with CATL followed months of negotiations, with Tesla Chief Executive Officer Elon Musk traveling to Shanghai to meet with CATL’s Chairman Zeng.

The CATL batteries will be installed in Model 3 sedans produced at Tesla’s new Shanghai factory. The first Model 3s made in China were delivered to customers in January of this year.

Although the coronavirus pandemic is putting a dent in EV sales, demand is expected to rebound in early 2021, said Zeng.

Car buyers holding back during the pandemic is creating pent-up demand that will be “unleashed” starting next year, led by premium electric vehicle models, he said. CATL’s other automotive customers include BMW and Toyota.

CATL is building a factory in Germany, which is expected to make more than 70% of BMW’s batteries, Zeng told Bloomberg. CATL also works with Volkswagen’s Audi unit. Zeng didn’t rule out building a plant in the U.S., although CATL has no specific plans for now.

“Our team has made achievements in competing with our global rivals in overseas markets,” Zeng said.

According to the 2020 Electric Vehicle Outlook report published by Bloomberg NEF (BNEF), electric vehicles are expected to rebound more from the economic slowdown caused by the coronavirus pandemic than combustion engine vehicles. 

Battery-powered cars will grow to be 8.1% of all vehicle sales in China next year, which accounts for the largest share of global EV sales, and to 5% in Europe, BNEF predicts.

“The pandemic may have a lasting effect throughout 2020, but won’t be a major factor next year,” Zeng said to Bloomberg. “We have great confidence for the long run.”

Batteries are the most expensive component of electric vehicles. If CATL becomes a major supplier to the auto industry, the batteries might make up a significant portion of the company’s future profits.

Shares of CATL have advanced about six-fold in Shenzhen since its IPO in 2018, giving the company a market value of about $47 billion. Tesla’s market cap topped $187 billion this week after its stock price exceeded $1,000 for the first time in company history. The surge in Tesla’s shares makes it the one of the world’s most valuable automakers, right behind Toyota.

Zang said a “trigger point” for electric cars will occur once they overtake gasoline-powered vehicles around 2030-2035.

By that time, CATL might become the world’s leading battery supplier.

SOURCE:https://m.futurecar.com/3975/Chinese-Battery-Maker-CATL-Says-its-Ready-to-Build-a-1-2-Million-Mile-EV-Battery-with-a-16-Year-Lifespan