‘Too big to fail' lithium producers unfazed by long price slump
Contemporary Amperex Technology, which commands a third of the global supply of batteries, wrapped up the biggest sharemarket listing in the world this year by raising $HK35.7 billion ($7 billion) this week.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
6 hours ago
- Sydney Morning Herald
Tougher laws on vaping, illegal tobacco may struggle to hold back the tide
Only eight days ago, the Minns government announced to great fanfare that illegal tobacco sellers would face prison terms of up to seven years and forced shop closures under new laws to be introduced. The changes, which Health Minister Ryan Park described as the toughest in the country, included new maximum penalties of $1.5 million and seven years' imprisonment for the sale of illegal tobacco and vapes. They would introduce similar penalties for possession of commercial quantities of the substances. The new laws were first flagged by Premier Chris Minns the week before. Today comes the news that the suburb of Dulwich Hill has four tobacconists that each sell illegal vapes. In neighbouring Marrickville, a new store is using Labubu toys to promote illegal vapes just metres from Prime Minister Anthony Albanese's electoral office in another sign of how brazen Sydney's black market tobacco has become. From July 1 last year, all nicotine vapes have been classified as therapeutic goods, meaning they can be legally purchased only at pharmacies. Despite the promise of these tough new laws, the Herald visited the four tobacconists in Dulwich Hill – three on Marrickville Road and a fourth on New Canterbury Road – and asked for an Alibarbar vape from each. Some produced laminated menus showing the various flavours of Chinese-made vapes. Most offered a discount for paying cash, and the price averaged about $35 for a gold 'ingot' vape boasting 9000 puffs. In Marrickville, there are at least 10 tobacconists. The Herald visited the newest store, Labubu Stop & Shop, which has opened across the street from Albanese's electorate office.
The Age
6 hours ago
- The Age
Tougher laws on vaping, illegal tobacco may struggle to hold back the tide
Only eight days ago, the Minns government announced to great fanfare that illegal tobacco sellers would face prison terms of up to seven years and forced shop closures under new laws to be introduced. The changes, which Health Minister Ryan Park described as the toughest in the country, included new maximum penalties of $1.5 million and seven years' imprisonment for the sale of illegal tobacco and vapes. They would introduce similar penalties for possession of commercial quantities of the substances. The new laws were first flagged by Premier Chris Minns the week before. Today comes the news that the suburb of Dulwich Hill has four tobacconists that each sell illegal vapes. In neighbouring Marrickville, a new store is using Labubu toys to promote illegal vapes just metres from Prime Minister Anthony Albanese's electoral office in another sign of how brazen Sydney's black market tobacco has become. From July 1 last year, all nicotine vapes have been classified as therapeutic goods, meaning they can be legally purchased only at pharmacies. Despite the promise of these tough new laws, the Herald visited the four tobacconists in Dulwich Hill – three on Marrickville Road and a fourth on New Canterbury Road – and asked for an Alibarbar vape from each. Some produced laminated menus showing the various flavours of Chinese-made vapes. Most offered a discount for paying cash, and the price averaged about $35 for a gold 'ingot' vape boasting 9000 puffs. In Marrickville, there are at least 10 tobacconists. The Herald visited the newest store, Labubu Stop & Shop, which has opened across the street from Albanese's electorate office.
The Advertiser
7 hours ago
- The Advertiser
MG Australia mulling premium extended-range electric SUV for 2026
The IM Motors LS9 SUV could be coming to Australia in 2026, with the Chinese brand's local arm confirming it's eyeing up a large SUV as its third model for our market. Officially named IM Presented by MG Motor – and sold here through parent company MG's showrooms – the brand confirmed it's looking into a large SUV to join its first two models, the IM5 sedan and IM6 SUV, both arriving here in September 2025. "We have already begun looking at opportunities, which may include a large SUV, for a third model in 2026 or beyond, under the IM Presented by MG Motor brand," a statement from the company to CarExpert said. The comment comes as the automaker's new Stellar super range extender hybrid powertrains begin arriving in the Chinese-market version of the IM6 premium SUV next month, where it's badged as the IM LS6. CarExpert can save you thousands on a new car. Click here to get a great deal. A range-extender powertrain typically uses an internal combustion engine to charge a battery pack, which feeds electric motors to provide drive to the wheels. Such a powertrain is also being used in the IM LS9 – likely to be badged IM9 if sold here – a large six-seat SUV slightly bigger than a Toyota LandCruiser 300 Series and due in Chinese dealerships by the end of this year. The LS9 offers up to 450km of electric-only driving and a total of 1500km (CLTC, equating to 1230km WLTP) from its petrol engine and electric motor combination. It uses a 114kW 1.5-litre four-cylinder petrol engine that acts as a generator to power front and rear electric motors, with a total system output of more than 502kW. The LS9 has all-wheel drive, as well as four-wheel steering and four-wheel torque vectoring – while inside it seats its six occupants in a 2-2-2 layout. More details are expected ahead of the LS9's arrival in Chinese showrooms, with IM Motors' Australian arm stopping short of confirming the model for local showrooms just yet. In the meantime, the IM5 and IM6 will take on the Tesla Model 3 and the Tesla Model Y, respectively, as the brand looks to establish itself in Australia. IM Motors vehicles form part of MG Australia's strategy of having models at multiple price points, with MG's overall sales target being 60,000 vehicles in Australia this year – although how many of these will be IMs hasn't been specified. Having recently launched the QS SUV – a large SUV to challenge the Toyota Kluger and Kia Sorento – MG will launch the U9 dual-cab ute, a twin of the already on sale LDV Terron 9, in Australia before the end of the year. MG was the twelfth-most popular brand in July 2025, having been knocked out of the top ten by rivals including GWM and BYD, who were seventh and eighth respectively. Year-to-date (end of July) sales have fallen 14 per cent compared to the first seven months of 2024. MORE: MG's answer to Tesla, IM Motors, opens its order book in Australia Content originally sourced from: The IM Motors LS9 SUV could be coming to Australia in 2026, with the Chinese brand's local arm confirming it's eyeing up a large SUV as its third model for our market. Officially named IM Presented by MG Motor – and sold here through parent company MG's showrooms – the brand confirmed it's looking into a large SUV to join its first two models, the IM5 sedan and IM6 SUV, both arriving here in September 2025. "We have already begun looking at opportunities, which may include a large SUV, for a third model in 2026 or beyond, under the IM Presented by MG Motor brand," a statement from the company to CarExpert said. The comment comes as the automaker's new Stellar super range extender hybrid powertrains begin arriving in the Chinese-market version of the IM6 premium SUV next month, where it's badged as the IM LS6. CarExpert can save you thousands on a new car. Click here to get a great deal. A range-extender powertrain typically uses an internal combustion engine to charge a battery pack, which feeds electric motors to provide drive to the wheels. Such a powertrain is also being used in the IM LS9 – likely to be badged IM9 if sold here – a large six-seat SUV slightly bigger than a Toyota LandCruiser 300 Series and due in Chinese dealerships by the end of this year. The LS9 offers up to 450km of electric-only driving and a total of 1500km (CLTC, equating to 1230km WLTP) from its petrol engine and electric motor combination. It uses a 114kW 1.5-litre four-cylinder petrol engine that acts as a generator to power front and rear electric motors, with a total system output of more than 502kW. The LS9 has all-wheel drive, as well as four-wheel steering and four-wheel torque vectoring – while inside it seats its six occupants in a 2-2-2 layout. More details are expected ahead of the LS9's arrival in Chinese showrooms, with IM Motors' Australian arm stopping short of confirming the model for local showrooms just yet. In the meantime, the IM5 and IM6 will take on the Tesla Model 3 and the Tesla Model Y, respectively, as the brand looks to establish itself in Australia. IM Motors vehicles form part of MG Australia's strategy of having models at multiple price points, with MG's overall sales target being 60,000 vehicles in Australia this year – although how many of these will be IMs hasn't been specified. Having recently launched the QS SUV – a large SUV to challenge the Toyota Kluger and Kia Sorento – MG will launch the U9 dual-cab ute, a twin of the already on sale LDV Terron 9, in Australia before the end of the year. MG was the twelfth-most popular brand in July 2025, having been knocked out of the top ten by rivals including GWM and BYD, who were seventh and eighth respectively. Year-to-date (end of July) sales have fallen 14 per cent compared to the first seven months of 2024. MORE: MG's answer to Tesla, IM Motors, opens its order book in Australia Content originally sourced from: The IM Motors LS9 SUV could be coming to Australia in 2026, with the Chinese brand's local arm confirming it's eyeing up a large SUV as its third model for our market. Officially named IM Presented by MG Motor – and sold here through parent company MG's showrooms – the brand confirmed it's looking into a large SUV to join its first two models, the IM5 sedan and IM6 SUV, both arriving here in September 2025. "We have already begun looking at opportunities, which may include a large SUV, for a third model in 2026 or beyond, under the IM Presented by MG Motor brand," a statement from the company to CarExpert said. The comment comes as the automaker's new Stellar super range extender hybrid powertrains begin arriving in the Chinese-market version of the IM6 premium SUV next month, where it's badged as the IM LS6. CarExpert can save you thousands on a new car. Click here to get a great deal. A range-extender powertrain typically uses an internal combustion engine to charge a battery pack, which feeds electric motors to provide drive to the wheels. Such a powertrain is also being used in the IM LS9 – likely to be badged IM9 if sold here – a large six-seat SUV slightly bigger than a Toyota LandCruiser 300 Series and due in Chinese dealerships by the end of this year. The LS9 offers up to 450km of electric-only driving and a total of 1500km (CLTC, equating to 1230km WLTP) from its petrol engine and electric motor combination. It uses a 114kW 1.5-litre four-cylinder petrol engine that acts as a generator to power front and rear electric motors, with a total system output of more than 502kW. The LS9 has all-wheel drive, as well as four-wheel steering and four-wheel torque vectoring – while inside it seats its six occupants in a 2-2-2 layout. More details are expected ahead of the LS9's arrival in Chinese showrooms, with IM Motors' Australian arm stopping short of confirming the model for local showrooms just yet. In the meantime, the IM5 and IM6 will take on the Tesla Model 3 and the Tesla Model Y, respectively, as the brand looks to establish itself in Australia. IM Motors vehicles form part of MG Australia's strategy of having models at multiple price points, with MG's overall sales target being 60,000 vehicles in Australia this year – although how many of these will be IMs hasn't been specified. Having recently launched the QS SUV – a large SUV to challenge the Toyota Kluger and Kia Sorento – MG will launch the U9 dual-cab ute, a twin of the already on sale LDV Terron 9, in Australia before the end of the year. MG was the twelfth-most popular brand in July 2025, having been knocked out of the top ten by rivals including GWM and BYD, who were seventh and eighth respectively. Year-to-date (end of July) sales have fallen 14 per cent compared to the first seven months of 2024. MORE: MG's answer to Tesla, IM Motors, opens its order book in Australia Content originally sourced from: The IM Motors LS9 SUV could be coming to Australia in 2026, with the Chinese brand's local arm confirming it's eyeing up a large SUV as its third model for our market. Officially named IM Presented by MG Motor – and sold here through parent company MG's showrooms – the brand confirmed it's looking into a large SUV to join its first two models, the IM5 sedan and IM6 SUV, both arriving here in September 2025. "We have already begun looking at opportunities, which may include a large SUV, for a third model in 2026 or beyond, under the IM Presented by MG Motor brand," a statement from the company to CarExpert said. The comment comes as the automaker's new Stellar super range extender hybrid powertrains begin arriving in the Chinese-market version of the IM6 premium SUV next month, where it's badged as the IM LS6. CarExpert can save you thousands on a new car. Click here to get a great deal. A range-extender powertrain typically uses an internal combustion engine to charge a battery pack, which feeds electric motors to provide drive to the wheels. Such a powertrain is also being used in the IM LS9 – likely to be badged IM9 if sold here – a large six-seat SUV slightly bigger than a Toyota LandCruiser 300 Series and due in Chinese dealerships by the end of this year. The LS9 offers up to 450km of electric-only driving and a total of 1500km (CLTC, equating to 1230km WLTP) from its petrol engine and electric motor combination. It uses a 114kW 1.5-litre four-cylinder petrol engine that acts as a generator to power front and rear electric motors, with a total system output of more than 502kW. The LS9 has all-wheel drive, as well as four-wheel steering and four-wheel torque vectoring – while inside it seats its six occupants in a 2-2-2 layout. More details are expected ahead of the LS9's arrival in Chinese showrooms, with IM Motors' Australian arm stopping short of confirming the model for local showrooms just yet. In the meantime, the IM5 and IM6 will take on the Tesla Model 3 and the Tesla Model Y, respectively, as the brand looks to establish itself in Australia. IM Motors vehicles form part of MG Australia's strategy of having models at multiple price points, with MG's overall sales target being 60,000 vehicles in Australia this year – although how many of these will be IMs hasn't been specified. Having recently launched the QS SUV – a large SUV to challenge the Toyota Kluger and Kia Sorento – MG will launch the U9 dual-cab ute, a twin of the already on sale LDV Terron 9, in Australia before the end of the year. MG was the twelfth-most popular brand in July 2025, having been knocked out of the top ten by rivals including GWM and BYD, who were seventh and eighth respectively. Year-to-date (end of July) sales have fallen 14 per cent compared to the first seven months of 2024. MORE: MG's answer to Tesla, IM Motors, opens its order book in Australia Content originally sourced from:
