Part 7/9:
On the materials front, Saudi Aramco is exploring lithium extraction from oil drilling byproducts, targeting commercial viability by 2027. This move signals a significant interest from oil companies in the burgeoning EV market. Additionally, General Motors has secured a deal with Norwegian firm Vianode for synthetic graphite, a key battery material, indicating a broader industry trend toward sustainable solutions.
General Motors’ Ultium Platform and Cadillac Sales Surge
General Motors has launched the second generation of its Ultium platform, now accommodating plug-in hybrids and extended-range electric vehicles in China. This new version promises enhanced scalability and rapid charging capabilities, a critical factor for consumer adoption.