GM aims to lower EV battery cost, locks up supply deal with Vale [Globe and Mail, The (Toronto, Canada)]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm
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Source: Globe and Mail, The
of battery material suppliers as the automaker girds for increasing EV competition beyond 2025, GM said on Thursday. Brazilian mining giant Vale SA will supply GM with battery-grade nickel for future electric vehicles, starting in 2026, GM executive Doug Parks said on Thursday. The automaker also expects to cut the cost of its Ultium battery cells to less than $70 per kilowatt-hour “in mid to late decade,” according to Parks, who heads GM's global product development, purchasing and supply chain. The average industry cost for cells with nickel-based cathodes has risen as high as $140 per kWh over the past year, as raw material prices have soared. Parks said GM is exploring the use of less expensive lithium iron phosphate (LFP) cells to help reduce costs. The company also is testing lithium metal and pure silicon anodes to increase energy storage capacity, as well as solid electrolytes, Parks said. Under a long-term supply agreement, Vale Canada will provide GM with battery-g
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VALE
News
- Vale S.A. (NYSE: VALE) had its price target raised by analysts at Barclays PLC from $16.00 to $17.00. They now have an "overweight" rating on the stock.MarketBeat
- 15 Most Populated Cities in South America [Yahoo! Finance]Yahoo! Finance
- Vale's Failures Don't Make It Uninvestable [Seeking Alpha]Seeking Alpha
- VALE S.A. (VALE) Stock Moves -1.23%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Vale S.A. (NYSE: VALE) had its price target lowered by analysts at JPMorgan Chase & Co. from $20.50 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
VALE
Earnings
- 7/28/23 - Miss
VALE
Sec Filings
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- VALE's page on the SEC website