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The Search For More EV Battery Metals Lands In A Little Town In Canada

Benzinga LogoBenzinga1 mo ago

The Search For More EV Battery Metals Lands In A Little Town In Canada - Benzinga

Quick Summary:

As the global automotive leaders in producing EVs, companies like Tesla Inc.(NASDAQ: TSLA), Volkswagen AG (OTCMKTS: VWAGY), China-based SAIC Motor Corp.(in a joint operation with General Motors Co.(NYSE: GM), BYD Co.Ltd.(OTCMKTS: BYDDY) and Stellantis NV (NYSE: STLA) deal with the rapidly depleting source of battery metals, the availability of cobalt seems increasingly important. 

The metal is essential to lithium-ion batteries because it maximizes energy density and can extend battery life.

Cobalt increases battery life and energy density, which in the case of electric vehicles (EVs) means range, by keeping the battery structure stable as the battery is continuously charged and discharged.

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Article Details

Author / Journalist: Mark Gilman

Category: Technology

Topics: General FUSEF Benzinga Emerging Markets GM Markets Tech Commodities News Fuse Cobalt TSLA ELBM US88160R1014 Partner Content US37045V1008 Penny Stocks STLA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 13:28:04

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 727 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 127286

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Coverage Areas: United States

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