Tag Archives: Business

Analysis: Recycling ‘End-Of-Life EV Batteries’ (CNBC)

Lithium-ion batteries are everywhere — in phones, laptops, tablets, cameras and increasingly cars. Demand for lithium-ion batteries has risen sharply in the past five years and is expected to grow from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, mostly due to the boom in electric cars.

And a shortage of lithium-ion batteries is looming in the U.S. Former Tesla CTO and Elon Musk’s right-hand man, JB Straubel, started Redwood Materials in 2017 to help address the need for more raw materials and to solve the problem of e-waste. The company recycles end-of-life batteries and then supplies battery makers and auto companies with materials in short supply as EV production surges around the world. Straubel gave CNBC an inside look at its first recycling facility in Carson City, Nevada. Watch the video to learn why battery recycling will be an essential part in making EV production more sustainable.

Analysis: The Electric Vehicle Battery Shortage

U.S. automakers are finally making bold commitments to electrify their fleets, but in the short-term, there may not be enough lithium-ion batteries to go around. While China dominates the battery manufacturing supply chain, and Europe is working to catch up, the U.S. still lags far behind.

As batteries become a matter of energy independence and national security, here’s what the U.S. can do to catch up. As automakers continue to grapple with a semiconductor shortage, some experts say the next supply chain crisis for the U.S. could involve lithium-ion batteries. As companies like GM, Ford and a slew of start-ups are ramping up their electric vehicle ambitions, current battery production in the U.S. will not be able to keep up with demand.

Cruise Industry: How U.S. Ports Are Staying Afloat

The shutdown of cruise lines during the pandemic has had far-reaching economic consequences for America’s ports. In this video, WSJ reporter Julie Bykowicz visits Port Canaveral’s once-bustling cruise terminal to learn about what’s next for the industry.

Views: Greece & Portugal Reopen For Business

Greece and Portugal are beginning to reopen parts of their countries and economies, even while other European countries enforce stricter lockdowns. Small retailers in most of #Greece​ reopened on Monday, with a limit of 20 people indoors at a time. Critics say it is a paradox to reopen shops while Covid-19 cases continue to rise and hospitals remain under pressure. Meanwhile in #Portugal​, café terraces, gyms and secondary schools are opening.

Analysis: Are Delivery Apps Good For Restaurants?

While indoor dining has dropped way down during the pandemic, food delivery has grown considerably. DoorDash and Uber Eats, the two largest delivery apps by market share both saw their sales double from the end of 2019 to the end of 2020.

But while it might be an easy decision for customers to use these third-party delivery apps, the decision for restaurants is not so easy. There is a lot to consider, and it’s not a one-size-fits-all solution.

Analysis: Why China Is Dominating The U.S. In Electric Cars (Video)

The global electric vehicle market is heating up and China wants to dominate. The country has invested at least $60 billion to support the EV industry and it’s pushing an ambitious plan to transition to all electric or hybrid cars by 2035. Tesla entered the Chinese market in 2019 and has seen rapid growth.

China sold roughly one million more EVs than the U.S. in 2020. But there are signs the U.S. is getting more serious about going electric. President Joe Biden announced a goal to reach net-zero emissions by 2050 and investments in green infrastructure. Watch the video to find out how China came to dominate the market and whether it’s too late for the U.S. to catch up.

Analysis: ‘Tencent – China’s Most Valuable Company’

Mar.23 — In the space of two decades, Tencent Holdings Ltd. has become China’s most valuable company and Asia’s largest conglomerate. But with Chinese authorities stepping up scrutiny of the internet sector and cracking down on monopolies. it’s not clear if the WeChat owner will still have the same freedom to expand. Bloomberg Television’s David Ingles reports.

Analysis: Is Texas Now The New California? (Video)

Tesla’s gigafactory and Apple’s second-largest campus aren’t the only big businesses coming to Texas. From Oracle to Hewlett Packard Enterprise, Elon Musk to Joe Rogan, Texas has lured an increasing number of big businesses and billionaires away from California since the pandemic began. While California’s population and job growth both slowed to a trickle, Texas added more residents than any other state in 2020. CNBC talks to those moving and longtime Texans about the reasons behind the trend and what it could mean for the future of the Lone Star State.

Electric Cars: ‘Can Tesla Succeed In India’ (Video)

As Tesla looks to expand to new markets, rumors are circulating that India could be next. While the 5th largest auto market could be big for the ev manufacturer, it’s filled with challenges and increasing competition. 

There is an electric vehicle revolution sweeping the world, but India is lagging behind. Elon Musk has said that Tesla will enter India this year, but it’s not clear if that will actually happen. On January 8th, Tesla took its first step towards launching in the country, registering Tesla Motors India and Energy Private Limited in Bengaluru. 

But when Tesla does eventually come to India, it won’t be easy. The electric vehicle industry is in its infant stages there, lacking much of the infrastructure needed for widespread adoption. And the most popular vehicles are motorcycles, rickshaws and budget passenger cars. Watch the video to find out what Tesla will be up against in India.