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The Electric

By Steve LeVine

The Electric is a publication from Steve LeVine and The Information focused on crucial industries for the energy transition, including next-generation batteries, electric vehicles and autonomous driving. The newsletter is only for subscribers of The Information.

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Recent Editions

Exploration drilling at the Tamarack nickel deposit. Photo: Courtesy Talon Metals

The Electric Flash Analysis: Tesla Strikes First U.S. Nickel Deal, Increasing Its Battery Lead Over Ford, GM

By Steve LeVine · Jan 10, 2022 6:17pm PST

In one of the first deals to break China’s almost total grip on the global supply of battery metals, Tesla on Monday agreed to buy enough nickel from a Minnesota mine to equip about 1 million electric vehicles—roughly the same number of EVs it delivered to customers last year. The mine will also become one of the first U.S.-based sources of EV... In one of the first deals to break China’s almost total grip on the global supply of battery...

Li-Cycle's recycling plant in Kingston, Canada. Photo: Christinne Muschi/Bloomberg

Tesla’s Scrap Hell Helps Explain Battery-Recycling Deals by Ford and GM

By Steve LeVine · Jan 9, 2022 2:00pm PST

Welcome back to The Electric! Save the date and register: One establishment automaker stands out in its determination to compete with runaway industry leader Tesla. It's Volkswagen. In that spirit, I'm excited to welcome VW's Thomas Schmall, chief of technology for the company as a member of its Board of Management, as my guest for the next... Welcome back to The Electric! Save the date and register: One establishment automaker stands...

Polestar's first model, the Polestar 1, released in 2018. Photo: Qilai Shen/Bloomberg

How Chinese EV and Battery Makers Will Break Into the U.S.

By Steve LeVine · Jan 2, 2022 2:00pm PST

Happy 2022 and welcome back to The Electric! In response to the end-year reader survey, we will be adding features to your subscription as the year unfolds. One of them will be The Electric Quarterly, a four-times-a-year special edition making sense of the quarter and year to date, and looking forward to what comes next. Stay tuned for... Happy 2022 and welcome back to The Electric! In response to the end-year reader survey, we...

Salt mounds in the mining operations of Chile's lithium-rich Atacama Desert. Photo: Cristobal Olivares/Bloomberg

“Go F—ing Solve It Yourself”: Four EV Battery Startups Worth Watching

By Steve LeVine · Dec 19, 2021 2:00pm PST

Salt mounds in the mining operations of Chile's lithium-rich Atacama Desert. Photo: Cristobal Olivares/Bloomberg

“Go F—ing Solve It Yourself”: Four EV Battery Startups Worth Watching

By Steve LeVine · Dec 19, 2021 2:00pm PST

Welcome back to The Electric!This is the last issue of 2021. Thanks so much for joining the beta, and for the many suggestions for improving The Electric. I'd be grateful if you don't mind taking a moment to complete this very brief survey so we can get even better. Finally, do tell your friends and colleagues about The Electric! Have a... Welcome back to The Electric!This is the last issue of 2021. Thanks so much for joining the beta,...

Photo: Courtesy QuantumScape

QuantumScape Claims Another Breakthrough For Lithium Metal Batteries

By Steve LeVine · Dec 17, 2021 4:25am PST

QuantumScape, a next-generation battery company backed by Volkswagen, is years away from a fully scaled-up product and achieving any revenue. But it has attracted persistent industry and investor attention with a drumbeat of claimed breakthroughs to fundamental battery problems that have long stumped everyone else. The latest was last week,... QuantumScape, a next-generation battery company backed by Volkswagen, is years away from a fully...

Rivian's IPO in November was one of the biggest of the year in any category. Photo: Bing Guan/Bloomberg

Good Bet or High Risk? The Electric’s Prognosis For 16 EV and Battery Stocks

By Steve LeVine · Dec 12, 2021 2:00pm PST

Welcome back to The Electric! The last year and a half has been a maelstrom in the automotive industry as the Tesla juggernaut finally persuaded mainstream carmakers that they had to go electric, igniting a boom of electric vehicle and battery startups. Today, I assess 16 companies that went public during this period. Over the last 18... Welcome back to The Electric! The last year and a half has been a maelstrom in the...

The Monroney sticker

Why a Car Window Sticker is America’s Best Weapon Against Chinese Battery Domination

By Steve LeVine · Dec 5, 2021 2:00pm PST

Welcome back to The Electric! Non-Chinese electric vehicle makers are putting themselves at risk of a repeat of the semiconductor crisis: For at least the 2020s, they will be largely reliant on a single source of supply for lithium-ion battery materials—China. Today I examine a proposed strategy to address this vulnerability to a future... Welcome back to The Electric! Non-Chinese electric vehicle makers are putting themselves at...

Cathode powder. Photo: Kiyoshi Ota/Bloomberg

The Electric Flash Analysis: The Truth About GM’s New Battery Cathode Factory—It Will Rely on China

By Steve LeVine · Dec 2, 2021 5:27am PST

Cathode powder. Photo: Kiyoshi Ota/Bloomberg

The Electric Flash Analysis: The Truth About GM’s New Battery Cathode Factory—It Will Rely on China

By Steve LeVine · Dec 2, 2021 5:27am PST

General Motors on Wednesday framed its plan to build a North American plant to process battery metals for electric vehicles as a giant step toward supply chain independence. “We need to control our own destiny, especially when it comes to battery production. That’s why we’re pursuing a North America-focused vertical integration... General Motors on Wednesday framed its plan to build a North American plant to process battery...

Nickel and copper ore. Photo: Andrey Rudakov/Bloomberg

The Electric Flash Analysis: As EV Battery-Metal Prices Rise, Automakers Must Decide: Eat Cost or Charge More?

By Steve LeVine · Dec 1, 2021 9:14am PST

A massive increase in the price of metals for lithium-ion batteries is jeopardizing the economics of future electric vehicles just as established combustion automakers get ready to launch dozens of new models to catch up to Tesla. A massive increase in the price of metals for lithium-ion batteries is jeopardizing the economics...

Photo: Krisztian Bocsi/Bloomberg

The 7 Things That Changed the Game for EVs and Batteries in 2021

By Steve LeVine · Nov 28, 2021 2:00pm PST

Welcome back to The Electric!The next Live Chat is this Tuesday at noon E.T.: Will the U.S. Control Its Own Battery Fate? At the cusp of the new age of batteries and electric vehicles, China starts with a potent strategic advantage—possession of some 80% of the global battery metals supply chain. For the entirety of the 2020s, it will... Welcome back to The Electric!The next Live Chat is this Tuesday at noon E.T.: Will the U.S....

At COP26, British Prime Minister Boris Johnson with Envision Virgin Racing's Formula 1 race car containing Johnson Matthey's eLNO battery. Photo: Courtesy Envision Racing

The Demise of Johnson Matthey’s Battery Business Doesn’t Worry the Industry. It Should.

By Steve LeVine · Nov 21, 2021 2:00pm PST

Welcome back to The Electric!Save the Date for the next Live Chat: Will the U.S. Control Its Own Battery Fate? At the cusp of the new age of batteries and electric vehicles, China starts with a potent strategic advantage—possession of some 80% of the global battery metals supply chain. For the entirety of the 2020s, it will supply most of these... Welcome back to The Electric!Save the Date for the next Live Chat: Will the U.S. Control Its Own...

The steam age lasted decades after oil came into wide use. Photo: Courtesy Library of Congress

Big Auto’s Traditional Business Earns Huge Profits. Why Does Wall Street Value It at Zero?

By Steve LeVine · Nov 14, 2021 2:00pm PST

The steam age lasted decades after oil came into wide use. Photo: Courtesy Library of Congress

Big Auto’s Traditional Business Earns Huge Profits. Why Does Wall Street Value It at Zero?

By Steve LeVine · Nov 14, 2021 2:00pm PST

Good evening and welcome back to The Electric!The steam engine was invented in the seventeenth century, brought to industrial scale in the nineteenth, and powered railroads everywhere into the twentieth—until cheap and reliable diesel locomotives finally shunted it aside. Yet steam maintained a prominent role alongside diesel for a surprisingly... Good evening and welcome back to The Electric!The steam engine was invented in the seventeenth...

Lithium production, Potosi, Bolivia. Photo: Carlos Becerra/Bloomberg

Lithium-Metal Batteries Face Their Moment of Truth

By Steve LeVine · Nov 7, 2021 2:00pm PST

Good evening and welcome back to The Electric!In a matter of decades, lithium has transformed the world of convenience, giving us practical-size mobile electronics and introducing the possibility of affordable electric vehicles in just a few years. All of this has happened with just a sprinkling of the metal in batteries, because lithium's pure,... Good evening and welcome back to The Electric!In a matter of decades, lithium has transformed the...

Construction of Tesla's Gigafactory Berlin in Gruenheide, Germany. Photo: Krisztian Bocsi/Bloomberg

The Battery Metals Shortage Could Kill Up To 35 Million EV Sales

By Steve LeVine · Oct 31, 2021 2:00pm PDT

Welcome back to The Electric!Electric vehicle developers and entrepreneurs are on track to produce far more battery plants, known as gigafactories, than the EV industry is projected to need this decade. Like the boom in railroads in the late nineteenth century and in low-orbit satellites in the 1990s, the gigafactory fever may be headed for a... Welcome back to The Electric!Electric vehicle developers and entrepreneurs are on track to...

Image: Jan Holmquist/Creative Commons

The Electric Flash Analysis: AI Can Make Better EV Batteries, but Only If the Industry Fixes Its Data Problem

By Steve LeVine · Oct 26, 2021 1:19pm PDT

A reminder to tune in tomorrow at 11:30 a.m. PT to a special pop-up event: Will AI Transform Batteries? Machine learning has unleashed a new age for drug discovery and on-line advertising, but it has barely penetrated battery science. Can it do so this decade? My guests for this vibrant Live Chat are AI pioneer Andrew Ng, founder of... A reminder to tune in tomorrow at 11:30 a.m. PT to a special pop-up event: Will AI Transform...

Storing raw manganese. Ian Waldie/Bloomberg

Soaring Metals Prices Are Deepening Western Exposure to China

By Steve LeVine · Oct 24, 2021 2:00pm PDT

Storing raw manganese. Ian Waldie/Bloomberg

Soaring Metals Prices Are Deepening Western Exposure to China

By Steve LeVine · Oct 24, 2021 2:00pm PDT

Welcome back to The Electric! Tune in to a special pop-up event on Wednesday: Will AI Transform Batteries? Machine learning has unleashed a new age for drug discovery and genomics, but it has barely penetrated battery science. Can it do so this decade? To discuss, I am excited to host a Live Chat with AI pioneer Andrew Ng, founder of... Welcome back to The Electric! Tune in to a special pop-up event on Wednesday: Will AI...

Qichao Hu, CEO of SES. Photo: Courtesy SES

This GM-Backed Startup Could Upend All You Know About Lithium

By Steve LeVine · Oct 17, 2021 2:09pm PDT

Welcome back to The Electric.Don't forget to RSVP for Tuesday's Live Chat—Winning the EV Wars: The Establishment vs. The Upstarts. My guest for this super-important discussion of how legacy automakers might win the EV war is Ford Motor's Darren Palmer. Palmer is general manager of Ford's electric vehicle program and a founding member of the... Welcome back to The Electric.Don't forget to RSVP for Tuesday's Live Chat—Winning the EV Wars:...

Elon Musk, at a rave he threw Saturday at the Berlin Gigafactory. Photo: Patrick Pleul/picture-alliance/dpa/AP

Why GM, Ford and VW Should Spin Off Their EV and Battery Units

By Steve LeVine · Oct 10, 2021 2:05pm PDT

Welcome back to The Electric.A reminder to RSVP and invite a guest or two of your choice for the next Live Chat—Winning the EV Wars: The Establishment vs. The Upstarts. In the first subscriber-only event, I'm delighted to present a conversation with Ford Motor's Darren Palmer. Palmer is general manager of Ford's electric vehicle program and a... Welcome back to The Electric.A reminder to RSVP and invite a guest or two of your choice for the...

Chile's Atacama Desert, the source of a third of the world's lithium supply. Photo: Cristobal Olivares/Bloomberg

A Looming New Supply Shortage Threatens the EV Industry’s Hopes for the 2020s

By Steve LeVine · Oct 3, 2021 2:00pm PDT

Welcome back to The Electric.A reminder to RSVP for the next Live Chat—Winning the EV Wars: The Establishment vs. The Upstarts. In the first subscriber-only event, I am delighted to present a conversation with Ford Motor's Darren Palmer. Palmer is general manager of Ford's electric vehicle program and a founding member of the company’s “Team... Welcome back to The Electric.A reminder to RSVP for the next Live Chat—Winning the EV Wars: The...

Photo: Cayce Clifford/Bloomberg

Why Investors May Regret Hopping On the E-Bike Sharing Craze

By Steve LeVine · Sep 26, 2021 2:00pm PDT

Photo: Cayce Clifford/Bloomberg

Why Investors May Regret Hopping On the E-Bike Sharing Craze

By Steve LeVine · Sep 26, 2021 2:00pm PDT

Save the Date: The Electric Presents: Winning the EV Wars: The Establishment vs. The Upstarts. In the first subscriber-only Live Chat, The Electric is delighted to present a conversation between editor Steve LeVine and Ford Motor's Darren Palmer. Palmer is general manager of Ford's electric vehicle program and a founding member of the company’s... Save the Date: The Electric Presents: Winning the EV Wars: The Establishment vs. The Upstarts. In...