A story in today’s Wall Street Journal suggests that Toyota may eventually need to buy its Prius batteries from China. The newspaper claims that China “controls 95% of the world’s supply of rare earth” metals and that Beijing has drafted a policy that would shrink the country’s annual export of them. Reportedly, the Prius incorporates about 12 kg of lanthanum in each of its batteries. Chinese officials have said they don’t plan on hording rare earth metals, but are trying to get manufacturers to set up facilities in China.
Lithium-ion battery prices will drop rapidly over the next 10 years, setting the stage for plug-in vehicles to reach 5%-10% of total automotive sales by the mid- to late-2020s, according to a new study.
Advanced driver-assist systems (ADAS) are poised to become a $102 billion market by 2030, but just a sliver of that technology will be applied to cars that can be fully autonomous in all conditions, according to a new study.
Using a headset and a giant ultra-high definition display, Ford Motor Co. last week provided a glimpse of how virtual reality enabled its engineers to collaborate across continents on the design of its new GT supercar.
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