March 3, 2021

Business Information

Graphene: Lithium Isn’t the Only Material Seeing Accelerating Demand for EVs

5 min read
The electrification of vehicles has become a major trend among investors. We can see that...

The electrification of vehicles has become a major trend among investors. We can see that with the stellar rise of EV stocks like Tesla and Nio just this year. While there have been some setbacks with the pandemic showing no signs of cooling off, EV demand is expected to rise, according to Bloomberg New Energy Finance, as noted by Forbes, “which sees improved batteries, more readily available charging infrastructure, new markets, and price parity with internal combustion engine (ICE) vehicles as major drivers. The study finds that EVs will hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040.”

However, for that to happen, the world needs far more lithium supply and graphite. For example, at the moment, graphite is in big demand. After all, it’s an essential material used for producing the anode of lithium-ion batteries for electric vehicles and energy storage. Better, “USGS also sees a major spike in U.S. demand for graphite when Tesla Motor’s Gigafactory, an enormous lithium-ion battery facility being constructed in Nevada, is fully operational.”

In addition, according to Adroit Market Research, “The global graphite market projected to be valued at around $27.03 billion by 2025. Furthermore, global graphite demand is anticipated to grow at remarkable pace at a CAGR of 6.3% over the forecast period. Usage of graphite in car batteries for electric and hybrid electric vehicles is estimated to significantly boost the demand for graphite over the forecast period.” That’s creating substantial opportunity for companies such as Earthasia International Holdings Ltd. (OTCQX:ETIHY), Tesla Inc. (NASDAQ:TSLA), Nio Inc. (NYSE:NIO), Lithium Americas Corp. (NYSE:LAC), and Albemarle Corporation (NYSE:ALB).

Earthasia International Holdings Ltd. (OTCQX:ETIHY) BREAKING NEWS: Earthasia International Holdings Ltd. today that as one of the major players in the Chinese graphene industry, it is confident in its ability to secure the raw materials necessary to support future growth, despite increasing global demand. According to the United States Geological Survey (USGS) National Mineral Information Center, in 2019 natural graphite was not produced in the United States. However, approximately 100 U.S. firms, consumed 52,000 tons valued of the mineral at an estimated $44 million. With the mandate from the Government of California that all vehicles sold in the State must be electric as of 2035, American demand for graphite from China and other sources will only grow stronger.

According to the USGS, Mineral Commodity Summaries 2020 it was estimated that in 2019 almost 75 per cent of the world’s graphite (700,000 metric tonnes) was produced in China. Earthasia currently sells the vast majority of its graphene products to electric vehicle battery manufacturers, and other innovative enterprises, in the People’s Republic of China.

“We see the demand for electric vehicles, and by extension, graphene products, growing throughout the world and nowhere is this more true than in China,” said Chan Yick Yan Andross, Chief Executive Officer and Director, Earthasia International Holdings Ltd. “As the demand for graphene continues to grow at home and abroad, so will our production capacity.”

Strategically located near the largest supply source of high-quality natural graphite in the world, Earthasia has extremely strong and long-standing relationships with multiple major graphite suppliers in Heilongjiang Province, China. It is well positioned to grow along with the EV industry, as spherical graphite is essential for the production of lithium-ion battery anodes. Earthasia also hold 25 patents in the PRC in areas including products, production methods, machinery design, and environmental protection.

Other related developments from around the markets include:

Tesla Inc. (NASDAQ:TSLA)produced 145,035 vehicles and delivered nearly 140,000 vehicles in the third quarter of 2020. According to the company, “The third quarter of 2020 was a record quarter on many levels. Over the past four quarters, we generated over $1.9B of free cash flow while spending $2.4B on new production capacity, service centers, Supercharging locations and other capital investments. While we took additional SBC expense in Q3, our GAAP operating margin reached 9.2%. We are increasingly focused on our next phase of growth.”

Nio Inc. (NYSE:NIO), a pioneer in China’s premium smart electric vehicle market, provided its September and third quarter 2020 delivery results. NIO delivered 4,708 vehicles in September 2020, a new monthly record representing a strong 133.2% year-over-year growth. The deliveries consisted of 3,210 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, 1,482 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, and 16 EC6s, the Company’s 5-seater premium electric coupe SUV. NIO delivered 12,206 vehicles in the third quarter of 2020, representing an increase of 154.3% year-over-year and exceeding the higher end of the Company’s quarterly guidance. As of September 30, 2020, cumulative deliveries of the ES8, ES6 and EC6 reached 58,288 vehicles, of which 26,375 were delivered in 2020.

Lithium Americas Corp. (NYSE:LAC) provided a corporate update regarding the status of the Company and its projects. In addition, the Company has established an at-the-market equity program that allows the Company to issue up to US$100 million (or its Canadian dollar equivalent) of common shares (the “Common Shares”) from treasury to the public from time to time, at the Company’s discretion. “With over 60% of the capital costs spent and enhanced COVID-19 health and safety protocols in place, we remain fully-funded to advance Caucharí-Olaroz to production,” said Jon Evans, President and CEO. “In Nevada, the permitting process continues to progress as planned with the public comment period complete on the Draft EIS and local support with the recently approved tax abatements from the Governor’s Office of Economic Development. Finally, the Company has decided to implement an ATM Program to strengthen our position as we advance discussions with potential partners and customers at Thacker Pass.”

Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable Jan. 4, 2021, to shareholders of record at the close of business as of Dec. 11, 2020.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Earthasia International Holdings Ltd. by a third party. We own ZERO shares of Earthasia International Holdings Ltd. Please click here for full disclaimer.

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