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Category: BYD (Page 1 of 2)

BYD Auto Co., Ltd. is the automotive subsidiary of the Chinese multinational BYD Co Ltd, headquartered in Xi’an, Shaanxi Province.

BYD sells 5,000 EVs to UK’s Octopus Energy Group

BYD announced it had signed a memorandum of understanding (MoU) with Octopus Electric Vehicles to purchase 5,000 battery-electric vehicles to lease to customers over the next three years.

The initial order will include the BYD Atto 3 SUV which makes its UK debut in March with a claimed 260 mile range.

Octopus EV now has over 85 models available to customers.

Octopus Energy Group, Britain’s third-largest energy supplier, is a renewable energy group specializing in sustainable energy. Octopus recently announced they are investing EUR €1 billion in France’s green energy market over the next two years.

More » Just Auto / Energy Live News / Business Green

There are now more than 6,000 LEVC electric taxis operating in London

The electric TX, successor to the traditional diesel-powered London ‘black cab’

LEVC TX

London Electric Vehicle Company’s electric TX is the successor to the traditional diesel-powered London ‘black cab’

There are now more LEVC (London Electric Vehicle Company – the successor company to that which originated the iconic London ‘black cab’) TX electric taxis on the streets of London than diesel TX4s, as the UK capital’s transition to a green EV black cab fleet continues to accelerate.

Highlighting the transition away from fossil fuel, LEVC’s TX taxi now represents more than 40% of official black cabs, with over 6,000 vehicles operating in the capital.

Alex Nan, CEO of LEVC, commented: “We are witnessing a significant tipping point in the push towards cleaner transportation, with the TX overtaking the diesel-powered TX4 as the cab of choice in London. There are now more than 6,000 TX electric taxis operating in the capital, accounting for over 40% of the black cab fleet.

More » Just Auto

Unconfirmed » Toyota will launch a compact EV in China in April 2022 that will use BYD’s core technologies / BYD will only say its project with Toyota is confidential

Phate Zhang / CnEVPost »

“The project is still in the confidential stage of development, please refer to the announcement of both sides,” Chinese media cls.cn quoted an unnamed BYD‘s source as saying.

Toyota will release an all-electric compact car in China next year that will use BYD’s core technologies, including its lithium iron phosphate batteries and lower-cost engineering, Reuters reported earlier today, citing four people familiar with the matter.

The model will be unveiled at the Beijing Auto Show next April and will likely be the second model in Toyota’s bZ series, but for now will only be sold in China, according to the report.

The model will be positioned below high-end electric cars like the Tesla Model Y and NIO ES6, but above the extremely cheap Hongguang Mini EV, the report said.

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Elsewhere » Reuters / CnEVpost

Chinese companies are going to great lengths to secure the global supply of lithium

The race is on to secure the global supply of lithium, a necessary component in the production of batteries for EVs.

Bloomberg »

Even though China’s lithium reserves rank as the world’s fourth largest, the silvery metal is mainly found in the salt lakes around Tibet and Qinghai, a sparsely populated Chinese province spread across the high-altitude Tibetan plateau. That makes it difficult to refine and transport. While the production of lithium carbonate from Qinghai Lake has doubled this year, demand still outpaces supply, according to Dong Yang, the vice president of leading automotive think tank China EV 100. To make up the shortfall, China imports about 70% of lithium from overseas. And with the prospect of even more lithium needed as the EV revolution picks up speed, companies are stepping up efforts to secure supply for its dominant refinery sector.

Ganfeng Lithium, one of the world’s top lithium producers, bid for a stake in Canada’s Millennial Lithium in July, while battery making giant CATL, led by billionaire Zeng Yuqun, joined the race a few months later, trumping Ganfeng. In the end, it was a third company, Lithium Americas, that emerged victorious (although Ganfeng is a shareholder in Lithium Americas). Undeterred, Ganfeng in September bought out its partner, International Lithium, in the Mariana project in Argentina, one of the biggest deposits globally. Last month, Zijin Mining paid around $755 million cash for Neo Lithium, a Canadian group that also has operations in Argentina.

Carmakers are getting in on the action too, with BYD earlier this month inking a four-year supply deal with Do-Fluoride New Materials for at least 56,050 tons of lithium hexafluorophosphate through December 2025. Lyu Xiangyang, the cousin of BYD founder Wang Chuanfu whose loan helped Wang establish the company in 1995, also has investments in spodumene, a lithium-bearing raw mineral, in Sichuan province, which should bolster BYD’s future supplies.

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Meanwhile » Stellantis said it has secured a five-year supply of battery-grade lithium hydroxide to support its plans to convert to 98% electrified vehicles by 2025. » Washington Post »

Stellantis, the company that combined PSA Peugeot and Fiat Chrysler, signed a binding agreement with Vulcan Energy Resources Ltd. in Germany, which uses geothermal energy to produce the battery-quality lithium hydroxide from brine without using fossil fuels. Vulcan will supply between 81,000 metric tons and 99,000 metric tons of lithium hydroxide over the five-year term of the agreement.

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