VW assessing its position along the whole Electric Vehicle supply chain

VW assessing its position along the whole EV supply chain

Jan 30, 2019

  • VW has been making statements in the past week highlighting its intention to strengthen its position in the EV supply chain. These announcements have come from its newly formed components division, which consolidated its various disparate procurement and development functions from the start of this year.
  • This new team aims to save the company €2bn by 2025 in cost efficiencies, which it has pledged to invest in e-mobility. It will also have responsibility for ensuring supply for the company’s EV batteries, as well as recycling and/or re-purposing batteries at the end of their useful automotive life.
  • The three key announcements made by the company give a indication of the scope of its ambition regarding electrification, as they cover charging, cell manufacture and even investments in mining of raw materials.
  • Moving upstream one announcement at a time, VW has said that it will begin production of ‘powerbanks’ capable of charging four vehicles simultaneously, with a pilot project being launched in Wolfsburg this year, and mass roll-out planned for 2020. There are even plans for second-life use of automotive batteries within these charging stations.
  • VW has also indicated that it is weighing up a move into cell production for its EV batteries, having stated that it is in intensive talks on the subject. This follows the news of the Toyota-Panasonic tie-up last week – if you missed our take see here. We expect that this is the likely direction of travel for automotive majors, and sooner rather than later, given the potential costs of not securing supply, and their current position of strength in a market that requires investment.
  • What is perhaps even more interesting is that the company has said that is also considering investing in key raw materials for its batteries, including through taking shareholding positions in mining companies. Given the resources at VW’s disposal, and the relatively small investments necessary to secure off-takes with many of the mining companies in the battery raw materials space, this could have a significant impact on the markets for those minerals.

For full analysis of the EV and battery markets see our Rho Motion Electric Vehicle Monthly publication, get started below to register your interest.

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Will we be waiting longer than anticipated for NCM811?

Will we be waiting a longer than anticipated for NCM811?

Jan 20, 2019

  • Rho Motion was in New York in the last week attending Benchmark’s Lithium Breakfast Briefings at both Bank of America Merrill Lynch and Deutsche Bank, where we spoke. Click here to download the presentation
  • Among the various excellent presentations one thing that came through was that several commentators, including Benchmark, stated that NCM811 technology may take longer than previously anticipated to become fully comercialised, with 2023 a reasonable target, a delay of roughly two years on previous ideas
  • What this means in terms of battery cost, and reaching the $100 per Kwh level to bring EVs on par with ICE is less clear, we also heard that one battery maker has already breached that floor, although the majority of market remains 5-6 years off, and that scale rather than commodity input costs will be the primary determinant of battery costs as the market grows

For full analysis of the EV and battery markets see our Rho Motion Electric Vehicle Monthly publication, get started below to register your interest.

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Copyright © 2018 Rho Motion. All rights reserved.

Auto and Batteries merge with Toyota – Panasonic Electric Vehicle JV

Auto and Batteries merge with Toyota – Panasonic Electric Vehicle JV 

Jan 20, 2019

  • According to news reports in Japan, Toyota and Panasonic will this week announce a joint venture to produce batteries for EVs for Toyota and its subsidiaries and partners in EV technology, including Mazda. Panasonic’s five non-Tesla automotive battery production facilities in Japan and China will be rolled into the new company
  • This is very big news for a number of reasons, firstly because it represents a significant upstream battery investment by a major OEM – Toyota is set to own 51% of the new company, with Panasonic holding the remaining shares – and its success, or otherwise, will set a template for other similar mergers that are almost certain to follow
  • Secondly, and maybe more crucially for the immediate development of the EV market, is that it outlines Toyota’s commitment to EVs, having for years talked up its fuel cell technology as the future of zero emissions vehicles. This is doubly true given reports that the new entity will have a significant R&D function, with a remit to develop a generation of larger batteries, signaling a move towards more and larger full battery electric vehicles from the OEM in the coming years

For full analysis of the EV and battery markets see our Rho Motion Electric Vehicle Monthly publication, get started below to register your interest.

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Rho Rising: Key trends in EV battery pack size & design – our presentation at the Benchmark Mineral Intelligence press briefing

Rho Rising: Key trends in EV battery pack size & design – our presentation at BMI press briefing

Dec 4, 2018

We were delighted to be invited to present at the Benchmark Mineral Intelligence press briefing on the 3rd December, where we spoke to industry press about key trends in EV battery pack size and design. Looking at how increases in cell density are being driven through improved battery chemistry and design. Get started below to receive the presentation.

For full analysis of the EV and battery markets see our Rho Motion Electric Vehicle Quarterly Outlook publication, get started below to register your interest.

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BYD still leading the EV market in China after a strong September

BYD still leading the EV market in China after a strong September

Oct 23, 2018

BYD remains the dominant force in the market after another strong month for EV sales in China. Domestic sales of all its battery (BEV) and plug-in (PHEV) electric vehicles reached nearly 140,000 units in the year to September, following sales in the month of roughly 25,000 units, according to the latest data from the China Association of Automotive Manufacturers (CAAM). This represents sales growth of 25% so far in 2018 compared to the whole of 2017. BAIC’s EC-series remains the highest selling model however, with just over 47,000 sales so far in 2018.

For full analysis of the EV and battery markets see our Rho Motion Electric Vehicle Monthly publication, get started below to register your interest.

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