Researchers now estimate how much “white gold” may be found in southern Arkansas’s vast lithium reserves: up to 19 million tons, or enough to meet the projected 2030 world demand nine times over.
United States Geological Survey (USGS) researchers used water testing and machine learning to get an estimate of what might be found in an underground brine in the Smackover Formation in southern Arkansas, a relic of an ancient sea that is now a vast limestone formation that stretches from Texas, Louisiana, Arkansas, Alabama, Mississippi, and into Florida. The researchers announced that it could contain anywhere from 5 million to 19 million tons of lithium.
“If commercially recoverable, the amount of lithium present would meet projected 2030 world demand for lithium in car batteries nine times over,” the researchers said in a news release.
Published in the journal Science Advances, the study cites that the lithium found in southern Arkansas could make up to 36% to 136% of the current US lithium reserve estimate – of course, that’s a sweeping number, but we get the gist. A lot of lithium, but the problem is how to get it out.
Lithium extraction – a nascent industry in the US – usually involves open-pit drilling and creating huge evaporation pools, all which can take months and years and leave destruction in their wake. Last year, ExxonMobil acquired the rights to 120,000 gross acres of the Smackover formation in southern Arkansas and have been using oil and gas drilling methods to access the saltwater brine about 10,000 feet underground.
To extract the lithium, the company uses direct lithium extraction (DLE) technology, in which brine is pumped to the surface, then lithium and other minerals are extracted before sending the water back underground. It’s touted as more environmentally friendly, but climate activists say the technology is largely untested and question the danger of using it at scale and how it could affect the water supply. Exxon has said that it aims to enter production in 2027, according to a report in the New York Times, and “to be churning out enough lithium by 2030 to supply more than a million electric vehicles per year.”
Of course, there are other hurdles. According to the Arkansas Times, five corporations in total have been looking to start extracting lithium in southern Arkansas, and are currently locked in a dispute with landowners over how much to pay for mineral rights. The companies – Albemarle Corporation, ExxonMobil, Standard Lithium, Lanxess, and Tetra Technologies Inc. – filed a joint application in late July to set a royalty rate of 1.82%, which landowners say would allow the companies to illegally bypass the state’s rulemaking process.
To get to their estimates, researchers took samples from Arkansas and analyzed them at the USGS Brine Research Instrumentation and Experimental lab in Reston, Virginia, and then compared them with data from historic samples within the USGS Produced Waters Database of water from hydrocarbon production. Using machine learning, researchers combined lithium concentrations in brines with geological data to create maps that predict total lithium concentrations across the region, even in areas lacking lithium samples.
“Our research was able to estimate total lithium present in the southwestern portion of the Smackover in Arkansas for the first time,” said Katherine Knierim, a hydrologist and the study’s principal researcher. While noting that the estimates are “an in-place assessment,” she adds that they “estimate there is enough dissolved lithium present in that region to replace US imports of lithium and more.” Photo: Courtesy of the United States Geological Survey
If you haven’t noticed, Genesis is quickly making a name for itself in the US. The luxury automaker now has 60 sales outlets as it expands into new US states. With new EVs launching, Genesis is eyeing a bigger share of the US luxury market.
Hyundai Motor Group’s Genesis brand is quietly emerging as a powerhouse in the US luxury market. Genesis marked its entry into the luxury segment in 2008 as a Hyundai-branded model.
In 2015, Hyundai announced Genesis would become an independent luxury brand. Since launching its first vehicle in the US, the luxury brand’s sales have surged from 7,000 in 2016 to over 69,000 last year. It even outsold Nissan’s Infiniti.
According to Genesis, this is just the start. The Korean luxury brand wants an even bigger slice of the market as it eyes rivals like Porsche.
A big reason behind the brand’s confidence is its new lineup of stylishly electric models. Genesis sells three EVs in the US: The GV60, Electrified G80, and Electrified GV70.
After introducing the Electrified GV70 just last year, the electric SUV is already Genesis’ top-selling EV in the US. According to Kelley Blue Book, Genesis sold 2,343 electric GV70 models in the US through September.
Genesis eyes a bigger share of the US luxury market
Altogether, the luxury brand’s EV sales reached over 4,600 through the first nine months of 2024, topping Porsche (4,291) and Volvo (3,644).
Genesis made a statement at the LA Auto Show, unveiling the updated 2026 Electrified GV70. The luxury electric SUV now includes more range and an NACS port so drivers can charge at Tesla Superchargers. It will go on sale in the first half of 2025.
Meanwhile, Genesis showcased its new GV60 Magma Concept at the event, its first dedicated high-performance EV. The brand sees its Magma performance brand rivaling that of Geman luxury brands like Mercedes AMG, BMW M, and Audi RS.
The Genesis GV60 Magma EV will launch next year, spearheading the brand’s “expansion into the realm of high-performance vehicles.”
Genesis enhanced the battery and motor while fine-tuning the chassis, thermodynamics, and profile for more power and efficiency.
It also features an aggressive new design, sitting much lower and wider than the current GV60 model. Genesis added a Magma-exclusive sound system to give it a sports car-like feel in the cockpit.
In April, we got our first look at the G80 EV Magma concept, which could be a potential challenger to Tesla’s Model S Plaid and the Porsche Taycan GT Turbo.
The luxury brand is expected to launch its flagship electric three-row SUV next year, the GV90. Genesis previewed the ultra-luxury EV in March after unveiling the Neolun concept.
Genesis now has 60 sales bases in the US, with new stores in Washington, Minnesota, New York, and Florida. It’s also building 30 in Canada as it expands its presence in the North American luxury market.
The luxury brand is opening a new dedicated design center in California. The “Genesis Design California” will open in the first half of 2025 as it builds out its US network.
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A rumor spreading like wildfire on social media claims BYD will be taking over NIO (NYSE: NIO) as the EV giant gobbles up market share in China. The rumor was posted by a suspected BYD employee, but NIO is denying the claim.
BYD acquiring NIO would be a massive move as China’s leading EV maker continues to dominate the market. But that’s not going to happen.
According to CnEVPost, NIO’s assistant vice president for branding and communications, Ma Lin, denied the rumors that BYD is taking over the company on Friday.
Ma posted a screenshot on social media asking BYD’s general manager of branding and PR, Li Yunfei if the person who posted the fake rumor was an employee.
Earlier today, the suspected employee claimed BYD and NIO were setting up a joint venture. In a Weibo post, the suspect said BYD would have majority control of the partnership with a 51% share while NIO would get the remaining 49% ownership.
Ma told Li that if it was, in fact, a BYD employee, he needed to issue an official clarification and apologize. If not, they can get the police involved together. Li also denied the rumors, saying the claim was seriously untrue.
NIO denies rumors that BYD is taking over the company
This is not the first time rumors surfaced that BYD will be taking over NIO, but because it is a suspected employee, the post has garnered more attention.
BYD is on a major hiring spree as it ramps up production to meet the higher demand. The EV giant now has over 900,000 employees, making it by far the largest A-share listed company in China.
After selling over 500,000 vehicles for the first time in a single month in October, BYD’s surge is heating up as the EV giant expands overseas for growth.
October was BYD’s fifth consecutive record sales month as it closes in on auto leaders like Ford in global deliveries.
NIO is also gaining momentum, with sales topping the 20,000 mark for the sixth straight month in October. With output of its new lower-priced Onvo L60 electric SUV ramping up, NIO expects to continue seeing higher demand.
Ma said on Friday that NIO’s “recent situation is quite good.” The company’s head of PR added, “Cash flow turned positive in the third quarter, gross profit improved in October, earning an extra RMB 100 million, and Onvo (deliveries) will exceed 10,000 in December.”
NIO is launching its third brand, Firefly, with deliveries kicking off in the first half of 2025. The company expects sales to double next year as it works to become profitable by 2026.
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Hyundai Motors is recalling 145,235 EVs and other “electrified” vehicles in the US, citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
The NHTSA announced this morning that the recall affects selected IONIQ 5 and IONIQ 6 EVs, as well as certain luxury Genesis models, including the GV60, GV70, and G80 electrified variants, from the 2022-2025 model years, Reuters reported.
It looks like the issue stems from “the integrated charging control units in these vehicles, which may become damaged and fail to charge the 12-volt battery. This malfunction could lead to a complete loss of drive power, posing safety risks for drivers,” the NHTSA stated.
If you’re an owner of one of these Hyundai models dating 2022-2025, stay tuned. Hyundai has not yet provided a timeline as to when affected vehicles will be repaired.
To make that happen, the company’s dealers will inspect and replace the charging unit and its fuse if necessary, NHTSA said. Free of charge, of course.
Importantly, no crashes, injuries, fatalities, or fires due to this issue have been reported in the US, Hyundai reported.
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