Electra Reports Q4 and Year-End 2022 Results and Provides Update on Cobalt Refinery Project and Black Mass Recycling Trial
TORONTO–(BUSINESS WIRE)–Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today reported its financial results for the quarter and year ended December 31, 2022, and provided an update on the commissioning of its cobalt refinery and its black mass recycling trial. All amounts are in Canadian currency unless otherwise stated. “2022 was […]
CAN YOU BELIEVE THIS?!
MIRROR, MIRROR The penny tread-checking trick won’t work here. The original poster specified that the vehicle owner had to sign a waiver to release the car back into their care. What’s better, yet—it was clearly pouring rain that day. INSTANT DRIVE-THRU Some people like car shopping, but two people took it literally when they drove […]
INSURANCE NEWS
BATTERY STATUS Canadian repairers are becoming more capable when it comes to complex EV repairs, according to the debut “Plugged-In: EV Collision Insights” report by Mitchell. The Canadian collision industry has seen EV repairable claims frequency rise to a rate of 2.26 percent in Q4 2022, along with the average percentage of EV parts repaired, […]
OEM NEWS
GONE TOO SOON Tesla has been talking big about its in-house insurance platform recently, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles found on salvage auction listings, Reuters found that a “vast […]
BUSINESS NEWS
AKZO’S ASCENSION AkzoNobel reported its Q4 2022 and full-year 2022 financial results in early February, reporting increased revenues driven by price increases. The company reported a 13 percent revenue increase for 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 million), resulting from […]
TECHNOLOGY NEWS
TESLA TAKESIES-BACKSIES The U.S.’s National Highway Traffic Safety Administration (NHTSA) decided Thursday that they have finally had enough when it comes to Tesla’s Full Self-Driving software, ordering a recall of 362,000 from U.S. roads, which covers 2016 to 2023 Model S and Model X, 2017 to 2023 Model 3 and 2020 to 2023 Model Y […]
INDUSTRY NEWS
HIGH TECH TASK FORCE Chaired by top executives from industry leaders like Rivian, Lucid Motors and the Automotive Recyclers Association (ARA), those who choose to join CIECA’s new electric vehicle and battery committee will surely be in good company, as the organization devises its path forward for the emerging field. CIECA says its new committee […]
Holding a Charge: Nissan LEAF, Tesla Model S have the highest number of battery replacements among EVs
Toronto, Ontario — Most electric vehicle batteries are still in their original cars, says a new study from Recurrent. The company took data from its community of 15,000+ EV owners to discover that, when recalls are removed from the equation, Nissan LEAF models and Tesla Model S cars see the highest number of battery replacements, […]
In the Loop: New electric vehicle repair e-zine launching this week
Toronto, Ontario — Media Matters, the publisher of Collision Repair magazine, Canadian Auto Recyclers, Bodyworx Professional and others, is launching a brand-new bi-weekly e-zine to provide collision repairers with the latest news on electric vehicles, including insights on training, OEM advice, and much more. The new EV Repair mag e-zine will include electric vehicle-focused news […]
Questionable Bargain: OPCF 49 Agreement offers premium discounts for drivers who forfeit claim compensation
Toronto, Ontario — A new option in Ontario car insurance tempts drivers with car insurance premium discounts, in exchange for waiving insurer responsibility from repairing damaged vehicles–regardless of who is at-fault. According to the Financial Services Regulatory Authority of Ontario, this agreement is officially titled OPCF 49: agreement not to recover for loss or damage […]
