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Stephan Venter is making waves. Most recently with Changan Pretoria.
- Dealer News
- 24 October 2025
Chilean lithium miner, SQM, the world's second-largest lithium producer, says it has reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key to the production of electric vehicle batteries.
Hyundai and Kia will "secure a portion of (their) future lithium hydroxide supply from SQM", the SQM, which has already landed supply deals with Ford Motors and battery maker LG Energy, said in a statement.
SQM did not give financial details of the deal with the Korean automakers, but said there was "strong motivation to continue with (its) lithium hydroxide expansion plan."
The mining company’s current Chilean capacity for lithium hydroxide, made from lithium carbonate, is at 40 000 metric tons a year, according to its first-quarter results.
SQM is on track to boost output in Chile to 100 000 tons in 2025. It is also building up capacity in China and Australia.
At the end of May, SQM signed an agreement with Chilean state-run mining company, Codelco, to form a joint venture that will let SQM boost output through to 2060 at the Salar de Atacama, one of the world's most prized areas for extracting lithium.
(Reuters).
Stephan Venter is making waves. Most recently with Changan Pretoria.
Volvo is continuing its legacy as a leader in safety innovations for vehicles with is new multi-adaptive safety belt, which was also recognised by TIME magazine as one of the Best Inventions of 2025
BYD (Build Your Dreams) is rapidly expanding its footprint in South Africa with a series of major investments aimed at accelerating the country’s transition to electric mobility.
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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BYD (Build Your Dreams) is rapidly expanding its footprint in South Africa with a series of major investments aimed at accelerating the country’s transition to electric mobility.
Japan has lodged formal objections to Vietnam's ambitious plan to phase out petrol-powered motorbikes in Hanoi, arguing the accelerated timeline threatens to bankrupt suppliers and eliminate thousands of jobs in a market worth R85.7 billion annually, according to confidential documents obtained by Reuters.
The uptake of New Energy Vehicles (NEVs) continues to gain momentum in South Africa, spurred on by the introduction of more affordable models into the local market.