On Thursday, the company saidExternal link its first 300 e-charging stations should be operational within three years. Mobility, which is aims to be climate neutral as a company by 2040, has pledged that its fleet will in future run on electricity from 100% renewable sources.
The rate of further expansion at Mobility’s 1,500 locations across the country depends on landlords agreeing to the structural overhaul. Swiss Federal Railways has agreed to electrify Mobility service points at railway stations.
“We want as many charging stations as possible, as quickly as possible. The future belongs to e-mobility – and we want to lead the way,” said CEO Roland Lötscher.
Mobility formed in 1997 as a cooperative, providing a pool of vehicles for people who do not own their own cars. It currently has some 224,000 customers using its service.
In its “Roadmap for Electric MobilityExternal link”, the Swiss government had set the target of increasing the share of new rechargeable vehicles on Swiss roads to 15% by 2022. That target was surpassed earlier this year, but Switzerland is still behind countries like Norway, where 54% of all new cars are electric.
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Italian consulate to relocate to ‘Casa d’Italia’ in Zurich
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Swiss companies maintain financial stability amid European struggles
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Swiss companies continue to demonstrate financial robustness compared to their European counterparts, although corporate restructuring activities have increased in recent months.
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Unknown assailants detonated an ATM in canton Vaud early Sunday morning, causing extensive damage to the building. The perpetrators fled the scene and remain at large.
Kudelski Group to sell Skidata division to Assa Abloy
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The Kudelski Group is selling its Skidata division to the Swedish manufacturer of locking and security systems Assa Abloy.
Tragic weekend in Swiss waters: three bodies recovered
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Swiss authorities recovered three bodies from local waters over the weekend, with one incident occurring in Zurich and two in Zug.
Lake Parade in Geneva attracts over 100,000 people
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The 22nd Lake Parade and the Lake Sensation in Geneva attracted over 100,000 people in summery weather on Saturday. There were no major incidents at either event.
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Switzerland aims to scale up e-mobility
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Transport Minister Doris Leuthard, the cantons, cities, municipalities and key industry leaders have rallied around this vision. About 50 associations from the automotive, electricity and real estate sectors and fleet operators are signatories to this roadmap, the transport ministry announced on Tuesday. In order to boost the share of electric vehicles in new passenger car…
Swiss give green light for more electric car charging stations
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Providers will initially be able to bid for a total of 20 permits that each cover five locations. The electricity must be produced in Switzerland and come from renewable sources. Each station must provide plug-in points for the three most common adaptors while customers must be able to pay without having to pre-register or by…
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Switzerland has a new strategy to promote electric vehicles, but the Alpine nation remains far behind leading e-mobility pioneers.
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Auto-Schweiz blamed a 4.6% drop in total registrations (299,716) on late deliveries due to new emissions testing standards. It expects the 300,000 mark to be reached again in 2019 as the situation settles. According to the figures, the share of hybrid, electric, hydrogen and compressed natural gas vehicles rose from 5.6% to 7.2%. The share…
Tesla to buy cobalt from Glencore for new car plants
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Tesla will buy cobalt from Glencore for use in two new car plants. in a deepening of ties between Elon Musk’s electric car maker and the Swiss mining group.
Glencore will supply Tesla’s new Shanghai Gigafactory and its planned Berlin facility with the metal used in lithium-ion batteries, according to people familiar with the matter.
The deal, which increases Tesla’s reliance on supplies from the Democratic Republic of Congo, is a boost for Glencore’s cobalt business after a two-thirds slide in the metal’s price over the past two years to about $30,000 a tonne.
Tesla said last week it supported sourcing from the DRC, one of the poorest countries in the world, “where we can be assured that minerals, including cobalt, are coming from mines that meet our social and environmental standards”.
The comments highlight how Tesla is increasingly securing its own raw materials as it expands production in China and Europe. Other carmakers, including Volkswagen, have relied on external battery producers to secure supplies of cobalt.
More than 60 per cent of the global cobalt supply comes from the DRC, where up to a fifth is mined by hand, often by children.
While Tesla uses less cobalt than rival electric carmakers, the deal with Glencore could involve up to 6,000 tonnes a year.
Buying from Glencore allows Tesla to control supply from the mine in Congo to where it is processed into battery precursor materials in China.
Tesla’s 2019 Impact Report, published last week, said the company had “made a significant effort to establish processes” to remove the risk of child labour. It added that it recognised “that mining conducted in a responsible and ethical manner is an important part of the economic and social wellbeing of those communities”.
“Tesla’s new disclosures are a positive step towards recognising the reality of copper and cobalt supply chains on the ground,” said Tyler Gillard, a senior adviser at the OECD in Paris.
Tesla said its battery cell suppliers were required to buy from refiners qualified by the Responsible Minerals Initiative, a body that produces standards for responsible sourcing. Glencore is one of only two miners in the DRC on the list to be certified by the RMI.
Tesla and Glencore declined to comment.
Shares in Tesla last week rose above $1,000 for the first time, giving it a market capitalisation of $185bn. They have since fallen back to $935.
Tesla’s battery production capacity is expected to increase 570 per cent over the next decade to 248 gigawatt hours, according to consultancy Benchmark Mineral Intelligence. One GWh of battery capacity is enough for about 18,000 electric cars on average.
Glencore, which is led by billionaire Ivan Glasenberg, is the world’s largest producer of cobalt from its two mines in the DRC and its nickel mines in Australia and Canada. Since a steep fall in cobalt prices in 2018, the miner has focused on signing long-term agreements with companies in the electric car supply chain.
Copyright The Financial Times Limited 2020
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