The demand for lithium-ion batteries is developing at a rapid pace, as virtually every type of Electric Vehicle (EV) overtake diesel units in the new car market, but their presence on ships and planes are a concern for insurers. While the UK new car market declined 15.8% in April, battery electric car registrations were up 40.9%, with plug-in cars anticipated …
The Felicity Ace – which has not sadly sunk – was en-route from Germany to the USA, with 4,000 Volkswagen AG vehicles aboard, when it caught fire near the Azores islands in the Atlantic Ocean last week. The Portuguese Air Force were the first to arrive at the stricken vessel, air-lifting off the crew and leaving the Felicity Ace to …
Tensions have soared in recent months in Eastern Europe as Russia massed soldiers and heavy weapons at its border with Ukraine, raising fears of an invasion and the potential to cause even more global supply chain disruption. High-stake talks between Russia and the West have so far failed to de-escalate the tense standoff and there …
An unexpected upturn in consumer demand is playing havoc with Europe’s automotive supply chains, as supply shortages disrupt OEM’s manufacturing productivity Factory shutdowns were a significant contributor to poor sales in 2020 and there were fears that a shortage of semiconductors would be manufacturers undoing in 2021. The semiconductor chips are important to the microcontroller units that underpin …
Lithium-Ion (Li-ion) batteries are a type of rechargeable battery that’s used commonly in electronic devices such as smartwatches and mobile phones, with demand for larger Li-ion batteries to power electric vehicles, but there are significant challenges in transporting these hazardous products. The global penetration of smartphone and innovative technology means demand for smaller batteries, up …