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22 Jun, 4 tweets, 1 min read
As a World First, Nouveau Monde Graphite Has Signed a Collaboration Agreement with Caterpillar for the Development of a Zero-Emission Solution for the Matawinie Mine
globenewswire.com/news-release/2…
Nouveau Monde and Caterpillar have signed an agreement pursuant to which Caterpillar will develop, test and produce Cat® “zero-emission machines” for the Matawinie graphite mining project in Saint-Michel-des-Saints, Québec, Canada
The collaboration between the companies focuses on Nouveau Monde’s goal to fully power the site with zero carbon footprint renewable energy

Nouveau Monde and Caterpillar are committed to supporting the mining industry’s move toward a more sustainable future
Nouveau Monde’s intended all-electric fleet will be complemented by its access to clean and attractively priced hydro-electricity

Nouveau Monde is on track to provide its potential client base with high-quality, green and carbon-neutral battery anode material

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More from @jpr007

JPR007 Profile picture
23 Jun
The ‘Osborne Effect’ Confronts Automakers With Potential Obsolescence

The hoopla they are making about their plans is exceptionally risky

Every time the automakers signal their intentions, they increase the potential of the “Osborne Effect"
themobilist.medium.com/in-a-rising-th…
The “Osborne Effect" is a commercially deadly phenomenon that could leave them with billions of dollars in losses

In an Osborne outbreak, consumers are blasted with the advance announcement of a mind-blowing coming breakthrough in a product like a popular electronic device
The new version is due in six months, a year, or perhaps a bit longer

The consumer, now aware that what’s on the store shelf is going to be outdated, waits to buy the new version

The one on the shelf keeps sitting there, unbought, losing the company a lot of money
Read 15 tweets
JPR007 Profile picture
22 Jun
Reality check for VW in China after sluggish start for electric car series - Reuters
reuters.com/business/autos…
Volkswagen AG's ID series - the backbone of its electric vehicle ambitions - is off to what even company sources call a worryingly slow start in China

Sales in May of two ID.4 electric SUV models, launched only two months earlier, came to a mere 1,213 combined
And that was about 200 fewer than in April, according to auto consultancy LMC

The sales fall far short of initial hopes and what some other automakers have achieved with early sales of flagship EV offerings in the world's largest auto market
Read 30 tweets
JPR007 Profile picture
22 Jun
In China, the US battery manufacturer Farasis is establishing a joint venture with the Geely automotive group for the research and development as well as production and sale of lithium-ion batteries for electric vehicles and other applications
electrive.com/2021/05/23/far…
Farasis is already a partner with Daimler and currently has two factories in China as well as further factory planned in Germany

With this joint venture, Geely Technologies and its subsidiaries and Geely Commercial Vehicle Group aim to meet at least 80% of their battery needs
According to the Chinese news site Gasgoo, the agreement stipulates that the new joint venture will involve a registered capital of 1 billion yuan ($155.577 million or approximately 127 million euros), 65% of which are subscribed by Geely Technology
Read 18 tweets
JPR007 Profile picture
22 Jun
DAIMLER AND FARASIS

€400 million investment on a valuation of €13.3 billion

But "the first battery cell samples from Mercedes supplier Farasis appear to be unusable. Even an end to the cooperation is apparently possible"

DATELINE : 24 February 2021
auto-motor-und-sport.de/tech-zukunft/a…
The introduction of electric cars enjoys top priority at Mercedes - Daimler has made this clear on the occasion of a demand due to the current semiconductor shortage
The battery is one of the most important components of an electric car - many manufacturers want to build it themselves

But when it comes to manufacturing the cells contained in the batteries, most carmakers prefer to let suppliers have a go
Read 23 tweets
JPR007 Profile picture
22 Jun
AUTOMOBILES - A CAPITAL-INTENSIVE BUSINESS ?

People like to say that the Automotive Industry is a "Capital Intensive" business

But is that in fact the case ?

Let us examine this question using the VW Group's Automotive Business

Its Balance Sheet has €254.1 billion of Assets
1. VW's Automotive Sales Revenues were €184.247 billion in 2020, excluding the Financial Services business

2. To support this, VW had Automotive PP&E in the amount of €62.807 billion, or 34.1% of Automotive Sales
For comparison :

- Tesla has PP&E at 40.4% of Sales across its entire business

- Google has PP&E at 46.4% of Sales across its entire business

As a service business, Google is more capital-intensive by this PP&E measure
Read 14 tweets
JPR007 Profile picture
21 Jun
There’s been a new milestone in the extraordinary rise of Contemporary Amperex Technology Co. Ltd., the decade-old Chinese firm that’s now the world’s biggest supplier of electric car batteries and a crucial partner to automakers including Tesla
bloomberg.com/news/newslette…
CATL has become a key force in the global auto sector by dominating EV battery production

The firm accounted for around a third of all sales in the first four months of 2021, ahead of rivals like LG Energy and Panasonic, according to data provider SNE Research
The producer’s Shenzhen-listed shares closed at a record Monday, capping a more than 1,150% gain since their listing three years ago and giving the company a market capitalization of 1.05 trillion yuan ($160 billion), just a shade more than the value of Volkswagen
Read 15 tweets

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