Lumos Global BV signed a deal with Hinckley Group to recycle thousands of lithium batteries as the Dutch company specializing in off-grid power in West Africa sees strong sales growth amid the outbreak of the coronavirus pandemic. The Amsterdam-based company already delivered 10,000 lithium batteries to Hinckley to recycle at its facility, a first of […]
Indonesia offers aggressive tax benefits for electric vehicles
Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a draft regulation issued by the finance ministry on Monday. Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new […]
EU’s push for ethically sourced batteries will make electric vehicles more expensive
EU has been calling for responsibly-sourced cobalt, which will make the key battery metal expensive as the supply will be squeezed. Artisanal miners work at the Tilwizembe, a former industrial copper-cobalt mine, outside of Kolwezi, the capital city of Lualaba Province in the south of the Democratic Republic of the Congo. (PC-REUTERS/Kenny Katombe) With the […]
Booming electric vehicle sales drive surge in cobalt prices
Payables – a reference to the percentage of the cobalt metal price used to price hydroxide, a feedstock for electric vehicle (EV) batteries – are up at around 93-94% from about 63-69% a year ago, analysts from Benchmark Mineral Intelligence said. LONDON: Demand and prices for battery material cobalt are soaring as electric vehicles stream […]
Battery exchange station edges closer with European-Japanese cooperation
Four major motorcycle manufacturers are planning to jointly develop an electric battery. This should accelerate the popularity of electric motorcycles and scooters. The Italian Piaggio, the Austrian KTM and Honda and Yamaha from Japan have joined forces. In a letter of intent this week, they wrote that they plan to “form a consortium for the […]
Russia’s Rosatom buys stake in South Korean battery and ESS manufacturer Enertech International
A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International. Enertech International makes components for lithium-ion batteries as well as complete systems, from electrodes to lithium-ion cells and energy storage systems. Rosatom’s […]
Israeli 5-minute battery charge aims to fire up electric cars
Super-fast charging speed From flat battery to full charge in just five minutes — an Israeli start-up has developed technology it says could eliminate the “range anxiety” associated with electric cars. The 5-minute rule Ultra-fast recharge specialists StoreDot have developed a first-generation lithium-ion battery that can rival the filling time of a standard car at […]
Finnish Olion to supply heat pumps for China’s largest battery energy storage project
Olion, the Finnish energy, and environmental technology company will provide heat pumps for a battery energy storage farm in Dalian, North-eastern China. Dalian Henliu Energy Storage Power Station Company Ltd’s battery farm is a demonstration project approved by the Chinese government to test the functionality of vanadium batteries connected to the power grid. Olion’s heat […]
Tsingshan targets 2 GW clean power base for Indonesia battery materials
Company eyes zero CO2 emissions in battery materials production Says to build solar, wind plants initially; hydropower in future (Reuters) – Chinese nickel giant Tsingshan Holding Group said on Monday it would set up a 2 gigawatt clean energy base in Indonesia in the next three-five years to power its production of raw materials for […]
Researchers at UCF Create an Economical and Safe Zinc-Ion Battery That Uses Seawater as the Electrolyte
Beijing: Chinese tech giant Huawei is planning to make electric cars under its own brand, and now a new report has claimed that the company has filed a couple of patents relating to the same. Specifically, two patents filed by Huawei Technologies Co., Ltd. titled “An Electric Drive System, Powertrain, and Electric Vehicle”. The patents […]
