AVZ Discussion 2022
- Thread starter GazDix
- Start date
Sammy_da_Smile
Regular
Hey Remark, yes I also saw the games being played, see below. It looked as if they didn't get pulled, but would need someone on desktop to check. Time 16:09This Cock Yodeller is doing my head in on Hot Crapper. He's made so many wrong calls that he's just a joke credibility wise.
I was watching the last hours trading on my mobile which has a pretty limited view of the depth in the auction.
The dickhead posted this at around 3.14pm .....
View attachment 4678
At around 4.02pm the match in the auction dropped to 1.155c (from around 1.18c) and sat there as the sell side was loaded with BS sells. The ploy did work for a while but from what I could see I was hard to tell if the sell bids were pulled. Anyone shed any light on this?
Great to see this tool was wrong again but the conspiracy theorist in me was left wondering who this prick actually works for.
I would have been so pissed off if he actually got one right
CashKing
Regular
Mate he reminds me of Race or Ride ,30 posts a day changing he’s mind all over the place, remember that guy lol, smacks of him or he’s crackhead mates imoThis Cock Yodeller is doing my head in on Hot Crapper. He's made so many wrong calls that he's just a joke credibility wise.
I was watching the last hours trading on my mobile which has a pretty limited view of the depth in the auction.
The dickhead posted this at around 3.14pm .....
View attachment 4678
At around 4.02pm the match in the auction dropped to 1.155c (from around 1.18c) and sat there as the sell side was loaded with BS sells. The ploy did work for a while but from what I could see I was hard to tell if the sell bids were pulled. Anyone shed any light on this?
Great to see this tool was wrong again but the conspiracy theorist in me was left wondering who this prick actually works for.
I would have been so pissed off if he actually got one right
cruiser51
Top 20
When he said he sold out, I said 'Bye' and hoped he would permanently fuck off, but as usual with these wankers, he pops up again.This Cock Yodeller is doing my head in on Hot Crapper. He's made so many wrong calls that he's just a joke credibility wise.
I was watching the last hours trading on my mobile which has a pretty limited view of the depth in the auction.
The dickhead posted this at around 3.14pm .....
View attachment 4678
At around 4.02pm the match in the auction dropped to 1.155c (from around 1.18c) and sat there as the sell side was loaded with BS sells. The ploy did work for a while but from what I could see I was hard to tell if the sell bids were pulled. Anyone shed any light on this?
Great to see this tool was wrong again but the conspiracy theorist in me was left wondering who this prick actually works for.
I would have been so pissed off if he actually got one right
I reckon I don't miss anything if I put him on ignore.
Frank
Top 20
Will tomorrow be the day for ML?
Antoinette N'SAMBA KALAMBAYI Finances Electric Battery Project today in Haut Katanga- DRC - Copperbelt Katanga Mining
Financing of the electric battery project Antoinette N'SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga.copperbeltkatangamining.com
ANTOINETTE N’SAMBA KALAMBAYI FINANCES ELECTRIC BATTERY PROJECT TODAY IN HAUT KATANGA- DRC
APRIL 20, 2022
Financing of the electric battery project Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga.
The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology.
Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa.
The Congolese authorities have, on occasion, highlighted the large deposits of lithium and cobalt that abound in the country in its south-eastern façade, in Katanga.
The DRC has 400 million tonnes of lithium and 25 million tonnes of cobalt on its reserves.
To make this project a reality, the Minister of Mines Antoinette N’samba Kalambayi will carry out an official mission from 20 to 25 April 2022 in Lubumbashi.
During her stay, the head of Mines will take part in the launch of the Center of Excellence specialized in training and research in battery chemistry and technology but also in the formalization of discussions with technical and financial partners for the financing of the electric battery project in the DRC.
If Only it was up to Julien ( Our EV Champion ) that imminent ML would have been done & dusted long ago imo,
To remind,
‘The DRC can become an electric car champion’ – Industry minister
The DRC - which is rich in lithium, manganese, nickel and cobalt - wants to locally produce batteries for electric vehicles and develop a “green” value chain, says Julien Paluku, minister for industry.President Félix Tshisekedi is committed to making the DRC an ‘electric car champion’, he said at the DRC-Africa Business Forum held from 24 to 25 November in Kinshasa, signing several agreements with various technical and financial partners.
These include the United Nations Economic Commission for Africa (ECA), the African Development Bank (ADB), the African Export and Import Bank (Afreximbank), the Africa Finance Corporation (AFC), the Arab Bank for Economic Development in Africa (Badea) and the Australian mining group AVZ Minerals.
In addition to launching a DRC battery council, which is piloting government policy, an agreement was made to finance the growth of a local battery industry as well as develop a minerals industry.
Financial partners are ready to put up to $300m on the table, said Sidi Ould Tah, Badea’s director-general.
Aware that it is a matter of developing a whole sector, Julien Paluku, the DRC’s minister of industry and former governor of North Kivu (2007-2019), defends his country’s strategy.
Jeune Afrique: You have said that the DRC is the best place in the world to install battery manufacturing plants for electric cars.
Why is that?
Julien Paluku: The ECA commissioned a study, which was carried out by BloombergNEF and financed by several donors including the AfDB, to assess the DRC’s potential in this field and its ability to attract investment.
It discovered that installing a plant that could process 10,000tn of minerals per year (cobalt, lithium, manganese, nickel and copper) would cost $117m in the US, $112m in China, $65m in Poland and only $39m in the DRC.
In other words, the cost is almost three times less in our country than in China and half as much as in Poland.
This may come as a surprise given the obstacles encountered when setting up a factory today: access to electricity, the high cost of fuel, difficulties in transporting equipment and then evacuating the production.
What has been done to remedy this?
We are making efforts to increase electricity production.
In Lualaba province, the Busanga power station, which is about to be inaugurated and represents an investment of more than $600m, is expected to produce 240 megawatts.
In Tanganyika province, the AVZ group plans to invest more than $1bn to create a special economic zone around the lithium industry in Manono, including constructing the Mpiana Mwanga power station, the Manono-Kalemie road and a railway.
If we hope to succeed in our bid for electric cars, we need to guarantee investors that all related projects, especially in the area of infrastructure, are up to standard and are completed.
On the continent, not enough countries manage to build a value chain.
How does the DRC intend to do it?
Our country has the means to do so because its territory contains all the raw materials needed to create electric batteries.
This is obviously the case for cobalt, as we produce around 100,000tn per year and have estimated reserves of 25m tn, but also for copper, nickel (located in the Kasai provinces near Kananga), chromium and lithium.
Although it was believed that the world’s largest lithium deposit was in Australia, at the Greenbushes mine, recent studies by AVZ Minerals have shown that it may actually be in the DRC, at Manono.
The studies, which so far cover 20% of the area concerned, have already identified almost 400m tn of ore.
In addition to our national wealth, it is worth remembering that eight of the 15 countries that have the minerals required to manufacture electric batteries are in Africa.
Therefore, we are advocating a regional value chain strategy, with the DRC at the heart of the system.
It is not in any country’s interest to simply export its raw minerals outside the continent, as is mainly the case today.
We need to encourage local processing and transformation, particularly in our factories and future factories, in order to export higher value-added products.
In this way, not only are export costs reduced, but intra-African trade is also enhanced.
In concrete terms, how can such a project be financed?
Convinced of the project’s viability, Afreximbank has taken the lead in financial structuring and will bring together other banks and investors.
The Fédération des Entreprises du Congo (FEC) deplores the tax complications that compromise the DRC’s business climate.
Are you planning to introduce specific measures to encourage investment in the sector?
The FEC is right to point this out. That being said, in July, the Council of Ministers adopted a roadmap that aims to improve the business climate. After that, the prime minister handed out assignments to each minister related to their sector.
An evaluation will be made every three months to measure progress.
I believe that this is the first time that the DRC’s government will be subject to such an evaluation, which should result in rapid and concrete progress.
At present, the country is struggling to set up zones économiques spéciales (ZES).
Will companies in the electric battery industry benefit from tax incentives?
ZESs are a vast undertaking that will not be completed in a few months.
We have started with the Maluku ZES, of which 80% of the lots have already been allocated. A second area is in Katanga, where the Kishwishi ZES is going to be developed by the company Geniland, in partnership with Tafu City’s Kenyan ZES.
A third zone is emerging in South Ubangi: the company Miluna, which has been established in the zone since the 1960s, is in charge.
A fourth zone will be developed in North Kivu, in Musienene, to revive the region, thanks in particular to a tax incentive.
Lithium mining in DRC could make it a top global supplier
Although it does not yet produce lithium, the Democratic Republic of Congo looks set to become one of the world's suppliers of this metal, classified as strategic by the Congolese authorities in 2018, by as early as 2022.In the provinces of Tanganyika and Haut-Lomami, in the south-east of the DRC, there is a rich reserve of “spodumene-rich pegmatite-type rocks”. These contain a lithium mineral associated with a stannocoltanian ore.
However, during the colonial era and right up until 1982, only tin was extracted from them. It was not until the 2010s that the DRC became interested in lithium and granted mining companies the first extracts containing evidence of this metal, which is now classified as a strategic mineral.
The new mining code passed by the Congolese government in 2018 identifies four “strategic metals”: cobalt, coltan, germanium and lithium, for which it has introduced an increase in royalties from 2% to 10%.
Boosted by the increase in global demand for lithium (used, among other things, to manufacture batteries), several companies have already mobilised in the sector. Two of these – in joint venture with the Congolese mining company Cominière – are in an advanced development phase.
Australians and Chinese on the front line
In Tanganyika, Dathcom Mining – a partnership between Australian AVZ Minerals (75%) and Cominière – is developing the Manono project (lithium and tin).In addition to its metal-rich 44.6 million tonnes of proven lithium reserves and 48.5 million tonnes of probable reserves, the future mine is expected to have one of the smallest carbon footprints in the world compared to similar lithium projects, thanks to the energy from the Mpiana-Mwanga hydroelectric plant.
On the strength of these assets, AVZ Minerals – whose shareholders include China’s Huayou Cobalt Company and Yibin Tianyi Lithium – has signed several mineral offtake agreements with Chinese groups: in late December 2020 with GFL International (a subsidiary of Ganfeng Lithium) and last March with Shenzhen Chengxin Lithium and Yibin Tianyi Lithium Industry Co.
The Dathcom Mining site could start production in early 2023, with an expected annual volume of 700,000 tonnes of spodumene concentrate (SC6, for the production of lithium hydroxide and carbonate) and more than 45,000 tonnes of primary lithium sulphate.
Lithium samples from the Manono development site © AVZMINERALS
Food for thought from The Africa Report
Now bring on that ML / BFS / FID asap ffs
Frank
Top 20
love the article Frankthat's the kind of shit that is helping keeping some of us very patient
*Ditto Bro
Plus we can't forget the Rin Tin Tin, we just need a Farking ML to begin, catch the Wave and we're in, as
Alphamin Resources Corp., one of the world’s largest tin miners, has kicked off a potential sale of the company as prices of the metal surge, people with knowledge of the matter said.
Canadian-listed Alphamin, which is working with boutique advisory firm Cutfield Freeman & Co., has sent out marketing materials to prospective bidders, the people said.
It has asked for initial offers by the end of the month, according to the people, who asked not to be identified because the information is private.
Alphamin jumped 16% to C$1.30 a share as of 2:45 p.m. in Toronto, giving the company a market value of C$1.65 billion ($1.3 billion).
Investment firm Denham Capital is its biggest shareholder with a 57% stake, according to data compiled by Bloomberg.
The company could attract interest from Chinese bidders as well as private equity funds, according to the people.
Tin is having a moment amid a new focus on the supply chains for technology products. Prices for the metal, used as solder in chips made by companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp., hit an all-time high of $51,000 per metric ton in March.
It was trading Tuesday at $43,090, still up about 150% since the start of 2020.
Alphamin announced in November it was seeking a strategic review to maximize shareholder value.
It said at the time it would consider options including a potential sale, extension of its mine life, balance sheet restructuring or shareholder distributions.
Alphamin’s Mpama North mine in the Democratic Republic of Congo is considered to be one of the world’s highest-grade tin mines.
It accounts for around 3% of world usage of the metal, producing 10,969 tons of tin concentrate in 2021.
That’s due to expand as the company starts output at the nearby Mpama South project in December 2023.
Trading house Gerald Metals currently holds an offtake agreement for the tin concentrates produced by Alphamin at its Mpama North asset.
Frank
Top 20
Tesla posts record profit, Q1 sales jump 81% despite supply-chain disruptions
Tesla stock rallies more than 5% after earnings beat; Musk promises a robotaxi for 2024
“I’ve never been more optimistic and excited in terms of the future than I am right now,” Musk said in the call.
“We are obviously not demand-limited, we are production-limited — very much production-limited.”
DRC / AVZ / Manono - Right Place - Right Time
Need ML Right Away - Like Yesterday
Ring a Ding Ding - Don't forget the Tin
CashKing
Regular
Looks like he’s back on the pipe and having a HC convo with himself again today
That's cause we have been imminiment for 6 months based on what Nigel told us.
The problem was Nigel didn't understand the steps and the timeframes involved.
Longer the period before ML is announced and SP/chart remains solid the more enjoyable it will be to see this short position go up in flames, whether they're hedges or pure shorts, don't care.
The weekly is looking pretty healthy still as is the daily.
Imagine if the BFS is released at same time as ML ... all bets are off and we're into FOMO realm on the way past $2, jeez maybe even $3. I honestly don't think we'll need until end of year to see a $3 handle. Even better, what if the shorts pile on to protect their position or because they honestly think this wont go to production, all the more fuel for our
to freedom
Then again, this is AVZ, making all of us wait and practice humility along the way, for that I hate you AVZ. For those losing a bit of patience ... this stock has always come up with the goods, often (well most of the time) late, but it has always delivered. and for that I love you AVZ
The weekly is looking pretty healthy still as is the daily.
Imagine if the BFS is released at same time as ML ... all bets are off and we're into FOMO realm on the way past $2, jeez maybe even $3. I honestly don't think we'll need until end of year to see a $3 handle. Even better, what if the shorts pile on to protect their position or because they honestly think this wont go to production, all the more fuel for our
to freedom
Then again, this is AVZ, making all of us wait and practice humility along the way, for that I hate you AVZ. For those losing a bit of patience ... this stock has always come up with the goods, often (well most of the time) late, but it has always delivered. and for that I love you AVZ
Samus
Top 20
Oh yes we sure do earn our $ through a torturous exercise of patience and tolerance around here...Longer the period before ML is announced and SP/chart remains solid the more enjoyable it will be to see this short position go up in flames, whether they're hedges or pure shorts, don't care.
The weekly is looking pretty healthy still as is the daily.
Imagine if the BFS is released at same time as ML ... all bets are off and we're into FOMO realm on the way past $2, jeez maybe even $3. I honestly don't think we'll need until end of year to see a $3 handle. Even better, what if the shorts pile on to protect their position or because they honestly think this wont go to production, all the more fuel for our
Then again, this is AVZ, making all of us wait and practice humility along the way, for that I hate you AVZ. For those losing a bit of patience ... this stock has always come up with the goods, often (well most of the time) late, but it has always delivered. and for that I love you AVZ
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Winenut
GO AVZ!!!!
Sounds like the classic love/hate relationship!Longer the period before ML is announced and SP/chart remains solid the more enjoyable it will be to see this short position go up in flames, whether they're hedges or pure shorts, don't care.
The weekly is looking pretty healthy still as is the daily.
Imagine if the BFS is released at same time as ML ... all bets are off and we're into FOMO realm on the way past $2, jeez maybe even $3. I honestly don't think we'll need until end of year to see a $3 handle. Even better, what if the shorts pile on to protect their position or because they honestly think this wont go to production, all the more fuel for our
Then again, this is AVZ, making all of us wait and practice humility along the way, for that I hate you AVZ. For those losing a bit of patience ... this stock has always come up with the goods, often (well most of the time) late, but it has always delivered. and for that I love you AVZ
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Sammy_da_Smile
Regular
Hmmmmmmm
Frank
Top 20
China battery giant CATL wins lithium project in race for materials
Key Tesla battery supplier Contemporary Amperex Technology has won exploration rights to a lithium clay deposit in China, as surging demand for electric cars fuels a race to secure supplies of raw materials.CATL, as the company is better known, bid 865-million yuan ($135-million) for the exploration rights to the deposit, which is estimated to contain about 2.66-million tons of associated lithium metal oxide, it said in a statement on Thursday.
An index of global lithium prices compiled by Benchmark Mineral Intelligence surged 280% in 2021 and another 127% in the first quarter as supply is squeezed by booming demand for EVs.
On Tesla’s quarterly earnings call Wednesday, CEO Elon Musk appealed for more investment in lithium mining, saying it is the “fundamental limiting factor” for EV adoption worldwide.
“CATL will speed up the exploration and development of lithium mineral resources and increase the supply of lithium in a bid to bring the prices of lithium related raw materials back to a reasonable level,” the company said in the statement.
The Ningde, Fujian-based company said its subsidiary, Yichun Contemporary Amperex Resources Ltd., won the rights for the deposit, which covers an area of 6.44 km2 in the eastern Chinese province of Jiangxi.
The win builds on an agreement CATL signed with the Yichun municipal government to jointly construct a new lithium-ion battery production base to better coordinate across the EV supply chain.
CATL last week announced it was partnering with State-owned Indonesian firms in a $6-billion project covering nickel mining, battery materials, manufacturing, and recycling, in a further effort to secure a wider array of base metal resources for battery production.
Rival LG Energy Solution said days later it was leading a consortium in a non-binding battery value-chain pact, without specifying any financial information.
www.miningweekly.com/page/lithium
Frank
Top 20
Will tomorrow be the day for ML?
Antoinette N'SAMBA KALAMBAYI Finances Electric Battery Project today in Haut Katanga- DRC - Copperbelt Katanga Mining
Financing of the electric battery project Antoinette N'SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga.
ANTOINETTE N’SAMBA KALAMBAYI FINANCES ELECTRIC BATTERY PROJECT TODAY IN HAUT KATANGA- DRC
APRIL 20, 2022
Financing of the electric battery project Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga.
The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology.
Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa.
The Congolese authorities have, on occasion, highlighted the large deposits of lithium and cobalt that abound in the country in its south-eastern façade, in Katanga.
The DRC has 400 million tonnes of lithium and 25 million tonnes of cobalt on its reserves.
To make this project a reality, the Minister of Mines Antoinette N’samba Kalambayi will carry out an official mission from 20 to 25 April 2022 in Lubumbashi.
During her stay, the head of Mines will take part in the launch of the Center of Excellence specialized in training and research in battery chemistry and technology but also in the formalization of discussions with technical and financial partners for the financing of the electric battery project in the DRC.
Not today i'm sad to say, but
Towards the creation of an Advanced research center on electric batteries according to the vision of President Felix Tshisekedi
Kinshasa, April 20th, 2022 (CPA) – The government of the Republic intends to launch, in the following days, an « Advanced research center on electric batteries » in the country, according to the vision of President Felix Tshisekedi.The Head of State was informed of the execution of this vision during the Council of Ministers last Friday, reported by the Minister and spokesman Patrick Muyaya, during which the Minister in charge of Industry presented the state progress in setting up production plants for electric battery precursors in DRC.
The latter, in his report, informed the Council of the discussions initiated with the « Steinbeis Global Institute » (SGIT), to provide the country with a Center of Excellence Specialized in training and research in chemistry and battery technology, adding that « this center should support the emergence of a competitive value chain for batteries, electric cars and renewable energies in Africa ».
This project will contribute, he stressed, to creating stable jobs, building local economies and improving the well-being of the population.
“The University of Lubumbashi (UNILU) was chosen for the purpose of cooperating with German and Japanese partners, with the support of the United Nations Economic Commission for Africa (ECA), to set up this Advanced Research Center on batteries in the Democratic Republic of Congo. They will be supported by Mutoshi Technical School”, the minister said.
Three ministers in Lubumbashi to launch the Center
In this context, the Ministers in charge of Industry, Julien Paluku, that of Scientific Research and Technological Innovation, Jose Mpanda, and that of Mines, Antoinette Nsamba, left Kinshasa on Wednesday for Lubumbashi, capital of Haut-Katanga province, to launch the said Center of Excellence specialized in training and research in battery chemistry and technology, learned CPA from an official source.
These members of the government will also seize this opportunity, specifies the source, to formalize the discussions with the technical and financial partners, with a view to the establishment of a specialized fund « Financial vehicle », for the financing of the project of these electric batteries in ground floor.
Last week’s Council of Ministers had set April 21st, 2022 for the launch in Lubumbashi of the activities of this Center of Excellence, which will be followed by exchanges with Afrexim Bank and other partners, on April 22nd, 2022, at Pullman of this city, on the aforementioned specialized fund.
"These members of the government will also seize this opportunity, specifies the source, to formalize the discussions with the technical and financial partners, with a view to the establishment of a specialized fund « Financial vehicle », for the financing of the project of these electric batteries in ground floor."
Could this also factor in the financing of mining for the electric batteries? ie funding for AVZ
Could this also factor in the financing of mining for the electric batteries? ie funding for AVZ
Frank
Top 20
Musk appeals for more lithium production to meet battery demand
Tesla Inc. Chief Executive Officer Elon Musk made a public appeal for more investment in lithium mining to close what he sees as a yawning gap between supply and demand that’s being fueled by the adoption of electric vehicles.
Battery production, and more specifically lithium, is the “fundamental limiting factor” for electric-vehicle adoption worldwide, Musk said on an earnings call with investors Wednesday.
“We think we’re going to need to help the industry on this front,” Musk said.
“I’d certainly encourage entrepreneurs out there who are looking for opportunities to get into the lithium business.
Lithium margins right now are practically software margins.”
Earlier Wednesday, Tesla reported a record first-quarter profit, helped in part by raising prices.
An index of global lithium prices compiled by Benchmark Mineral Intelligence surged 280% in 2021 and another 127% in the first quarter.
Soaring prices for lithium, a key ingredient in EV batteries, are increasing raw material costs for carmakers such as Tesla.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
copperbeltkatangamining.com
Rivian CEO warns of electric-vehicle battery shortage on the horizon
Much of the battery supply chain isn’t built, challenging an industry aiming to sell tens of millions of EVs in coming years, CEO RJ Scaringe says.
Rivian Automotive Inc. Chief Executive RJ Scaringe is warning that the auto industry could soon face a looming shortage of battery supplies for electric vehicles—a challenge that he says could surpass the current computer-chip shortage.Car companies are trying to lock up limited supplies of raw materials like cobalt, lithium and nickel that are key to battery making, and many are constructing their own battery plants to put more battery-powered models in showrooms.
Scaringe said building enough batteries will be among the biggest hurdles for an industry trying to boost electric-vehicle sales from a few million today to tens of millions within the decade.
The shortages will occur everywhere from the mining of raw materials, to processing them, to building the battery cells themselves, he said.
“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” Scaringe said last week, while giving reporters a tour of the company’s plant in Normal, Ill.
“Meaning, 90% to 95% of the supply chain does not exist,” he added.
www.marketwatch.com
Ford stops taking orders for all-electric 2022 Mustang Mach-E
American automotive giant Ford has stopped taking orders in the United States for the current model year of the all-electric Mustang Mach-E, due to high demand.The 2022 Ford Mustang Mach-E page on the US Ford website currently states that, “Due to high demand, the current model year is no longer available for retail order. Limited inventory may be available at selected dealers. Contact your dealer for more information.”
The Mustang Mach-E was Ford’s first electric vehicle, when it debuted in late 2019, a sleek four-door SUV with the US auto giant’s iconic Mustang branding, a range of 505kms and acceleration of 0-100km/h in only 3.5 seconds (for the GT Performance Edition).
Ford announced late last year that it was planning to boost global production of all its current electric vehicles – including the Mustang Mach-E, the F-150 Lightning, and the E-Transit – to 600,000 units a year by 2023.
But it appears that the ramp-up of production has not happened fast enough to meet increasing demand for the Mach-E in the US, although it remains on sale in Europe and the UK.
Huge demand is not unsurprising, considering that it was rumoured Mustang Mach-E reservations had soared to more than 30,000 before launch in early January.
The Driven
The Driven is Australia’s most-read electric vehicle news site, covering the latest EV stories both in Australia and overseas.
thedriven.io
EVs can store power for our homes and the grid: Why ‘vehicle-to-everything’ technology is a must-follow investing theme
Biden’s Department of Energy joins Ford, GM, California utilities and others to launch a joint effort for using EVs to help the nation’s power grid
Electric vehicles are projected to take over the roads in the coming decades, but it’s their capability as a power storage source well beyond their own driving needs that increasingly captures the attention of the government, the private sector and investors.
It’s known as “vehicle-to-everything” technology (V2X) and it represents a growth area for the automakers themselves, as well as chip companies and other tech interests.
One industry report said it expects the global automotive V2X market to reach $3.3 billion by 2026, essentially up from zero.
On Wednesday, the Department of Energy along with DOE National Labs, California state and local government officials, utilities and private entities, announced a joint effort to commercialize the technologies that allow EVs to securely send extra power back to the national electricity grid.
Specifically, the effort involves bidirectional plug-in electric vehicles (PEVs).
The announcement was made at a net-zero-emissions electricians training facility in Commerce, Calif.
The technology can also be leveraged to help commercial buildings save money on heating, cooling and lighting costs, and to provide backup power to homes, essentially a four-wheeled generator in the garage.
It could also create new revenue opportunities for EV owners.
“Integrating charging technology that powers vehicles and simultaneously pushes energy back into the electrical grid is a win-win for the future of clean transportation and our energy resilience overall,” Deputy Secretary of Energy Dave Turk said.
The International Energy Agency estimates there will be 130 million electric vehicles TSLA on the road globally by 2030.
In addition to increasing electricity demand, these EVs in total will contain 10 times the amount of energy storage needed by the grid.
The IEA’s most aggressive estimate — at 250 million EVs by 2030 — would mean that 6% of the batteries in the automotive fleet could potentially meet all the grid’s energy storage needs.
www.marketwatch.com
Food for thought as we wait patiently on the side of the Road with a Flat Tyre for that ML to arrive
Fingers crossed
Frank
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