Electric-vehicle demand is accelerating rapidly and so is the need for EV batteries. As these batteries reach end-of-life, significant growth opportunities in the recycling space are emerging. As electric mobility increases globally, so does the need for electric-vehicle (EV) batteries. This demand has led to considerable growth in battery production, with over five terawatt hours […]
Second Wind for Discarded EV Batteries as 1,300 Batteries Form a 25MWh Energy Storage System Plant – EQ Mag
There will be several millions of discarded EVs awaiting disposal after a few years, and the li-ion batteries contained within these EVs can actually be used for something else other than being recycled, reused, and remade into new batteries. A large solar and energy storage hybrid system that is recently established in California is formed […]
China’s CATL to provide EV batteries for Honda starting in 2024 – EQ Mag
TOKYO : Honda Motor Co said on Thursday that Chinese battery giant CATL would supply batteries for seven years for its electric vehicles (EV) in China. The Japanese automaker said the Chinese firm would provide 123 GWh worth of batteries starting in 2024 through 2030 for the Honda’s e:N Series. The announcement is part of […]
Centre collaborates with think thank to push production of EV batteries in India – EQ Mag
New Delhi : The Centre’s Department of Science and Technology (DST) and green think tank Centre for Science and Environment (CSE) have collaborated to create a platform that will support the development of new electric vehicle (EV) batteries to suit Indian requirements. A white paper will be prepared on a roadmap to develop new battery […]
Mazda to invest $11 bln by 2030 to procure EV batteries: Nikkei – EQ Mag
TOKYO : Japan’s Mazda Motor Corp (7261.T) on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery production. The company also raised its sales target for electric vehicles (EVs) to up to 40% of its total global sales by 2030, as automakers worldwide spend […]
ANZ to lend Hyundai-LG Energy JV $711 mln to make EV batteries – EQ Mag Pro
Australia and New Zealand Banking Group ANZ.AX has set up a $711-million lending facility for a joint venture between Hyundai Motor 005380.KS and LG Energy Solution 373220.KS that makes batteries for electric vehicles (EV) in Indonesia. ANZ said on Friday the lending facility for the joint venture HLI Green Power is a 10-year Korea Trade […]
BMW electric cars will soon get EV batteries similar to Tesla: Reports – EQ Mag Pro
BMW will source large cylindrical batteries for its electric vehicles from a Chinese company. The batteries are of similar size and capacity to the ones produced by world’s largest EV maker Tesla. BMW i4 all-electric sedan, powered by a 83.9 kWh lithium-ion battery pack, offers the highest range in an EV in India with nearly […]
Concerns raised over govt’s plan to fix dimensions of EV batteries – EQ Mag Pro
NEW DELHI: Because the Niti Aayog steps as much as finalise the ‘Battery Swapping Coverage’ for electrical autos (EVs), car business and a few authorities departments have flagged their considerations over the plan to repair parameters just like the dimension of batteries whereas standardising the swapping norms, TOI has learnt. In response to sources, they’ve […]
Panasonic joins the electric vehicle market; plans to invest $4.9 billion in EV batteries and supply chain software – EQ Mag Pro
Panasonic is joining the high-growth electric vehicles market, with plans to invest nearly $4.9 billion in automotive batteries, supply chain software and cyber physical systems, among others. The Japanese company said to achieve its future goals, the group is to invest 400 billion yen (nearly $3.26 billion) in “growth areas” and 200 billion yen (about […]
Panasonic to invest $4.9 bn in EV batteries, supply chain software – EQ Mag Pro
Japanese multinational conglomerate Panasonic has decided to expand aggressively in the booming electric vehicle market. It has announced to invest nearly ¥600 billion (approximately $4.9 billion) in automotive batteries, supply chain software, among others. The Osaka-headquartered Group also maintained that it will deploy 400 billion yen (roughly $3.26 billion) in “growth areas” and 200 billion […]