Ford’s new deal with a Chinese electric vehicle (EV) battery manufacturer has triggered bipartisan concern over economic and national security risks. (Article by Terri Wu republished from [.]
Adamas Intelligence predicts that in 2023, a booming 762.9 GWh of battery capacity will be deployed onto roads in newly passenger EVs globally (+/- 12%). Additionally, Adamas projects that 19.7 million passenger EVs (HEVs, PHEVs, BEVs) will be sold globally (+/- 10%) in 2023, translating to a sales-weighted average pack.
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In 2022, Adamas Intelligence calculated that $3.8 billion worth of magnet rare earth oxides i.e., NdPr, Dy and Tb oxides were consumed globally in NdFeB alloys for energy-transition-related applications, including EV traction motors and wind power generators. The total value of rare earth oxides consumed for the energy transition each year quadrupled.