has dropped 60% this year, according to data provider Benchmark Mineral Intelligence. Slower EV sales in the country as subsidies expired are the most obvious reason, but behind the scenes the rise of sodium ion might be another.The new technology is less powerful than the latest lithium batteries. But it matches the older generations of lithium batteries that are in EVs today, so consumers might not care.
A Tesla 4680 cell from a structural battery pack pulled from a Tesla Model Y, built in Austin, Texas, is displayed in Auburn Hills, Michigan U.S. March 3, 2023. If signs continue to mount that sodium ion is going mainstream in the way LFP did, investors may have to further rein in their expectations for top lithium producers such as Albemarle and SQM. Although their share prices have fallen in recent months and appear cheap on eight and seven times forecast earnings, respectively, they are still underpinned by the assumption that lithium-based batteries will be indispensable in the energy transition.
I don't care about anything but Hydrogen when it comes to next-generation automobile fuel technology.
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