California pioneer in electricity, New Caledonia nickel contributes to battery production – Nouvelle-Calédonie la 1ère

On Friday, the US state announced that nearly 20% of new cars sold in California in 2022 will be electric or hybrid. The country’s leading automotive market aims to be at the forefront of the energy transition.

In August, the state regulator announced a ban from 2035 on the sale of new diesel or petrol vehicles.

“California continues to lead the way in zero-emission vehicles through forward-thinking policies and investments that drive innovation,” said Democratic Gov. Gavin Newsom.

The California Energy Commission said Friday that 18.8% of new cars sold in 2022 were electric, hybrid or fuel cell. Ten years ago it was 2%.

Nickel metal strip used in electric batteries.

Only the Tesla brand, led by Elon Musk, receives two-thirds of these sales. In particular, the US energy transition automotive giant signed an agreement to supply battery grade nickel with the Prony Resources industrial complex in New Caledonia.

General Motors is also set to use Australian-refined nickel from Caledonian ore soon.

Battery nickel hydroxide intermediate (MHP-NHC) manufactured by Usine du Sud (Prony Resources) in New Caledonia.

California accounts for 40% of U.S. electric vehicle sales, a rapidly growing market share. The largest American manufacturers are now represented there, including models adapted to the local market, such as electric pickups.

Electric vehicles remain more expensive than vehicles with internal combustion engines. They receive federal assistance, which can be up to $7,500.

Preliminary LME-Nickel price 5 days after close: $28,585/t +6.68%

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