At IAA Mobility earlier this month, European automakers sent a clear message: they are determined to defend their position in the electric vehicle market against the rapid rise of Chinese brands such as BYD and Geely, which are increasingly gaining significant market share. In an interview with the Financial Times, Thomas Schäfer, CEO of Volkswagen, … European EV Leadership: from Playing Catch-up to Winning with Innovation
Electrification—whether in cars, ships, or grid-scale storage—is one of the most transformative industrial shifts of our time. But behind the momentum lies a critical vulnerability: the world’s heavy reliance on China for the battery supply chain. China refines the majority of the world’s lithium, cobalt, and graphite, and produces over 70% of all lithium-ion cells. … Overcoming Supply Chain Challenges to Global Electrification
In the global race to decarbonize, batteries are the cornerstone of electric vehicles and the energy systems that support them. But there’s a hidden cost behind this clean energy solution: short battery lifespans and resource-intensive production are undermining its environmental benefits. At Carrar, we believe that the future of sustainability doesn’t lie only in a … The future of Sustainability and Long-lasting Batteries