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 […]
High lithium costs start to feed into prices of China EV batteries – EQ Mag Pro
Soaring costs of materials such as lithium and nickel used to make electric vehicle batteries are starting to feed through into prices of these batteries in China, Benchmark Mineral Intelligence said this week. This is contrary to expectations that prices of the lithium-ion rechargeable batteries used to power electric vehicles, vital for the energy transition, […]
UL, Hyundai to partner on evaluation of EV batteries for energy storage
Safety science company UL is partnering with Hyundai Motor Company on a project to explore the safe deployment of used electric vehicle batteries for stationary energy storage. Under a memorandum of understanding signed in July, the two companies will collaborate on safety testing, assessments and a North American demonstration project for second-life battery energy storage systems. UL […]
EV Batteries – Lithium-Metal Development
Longer-lived lithium-metal battery marks step forward for electric vehicles PNNL scientists find solution to the sudden death common to the batteries. RICHLAND, Wash : Researchers have increased the lifetime of a promising electric vehicle battery to a record level, an important step toward the goal of lighter, less expensive and long-lasting batteries for future electric […]
Electric Vehicle Charging Hubs Will Help Scale Fleet Electrification
Charging stations and networks for electric passenger cars are quickly coming online across the country with fast chargers on ever more routes and Level 2 chargers continuously in more places where we work, shop, and sleep. But as our world looks to quickly electrify other types of vehicles including trucks, buses and delivery vans, we’re […]
US President Joe Biden’s Electric Vehicle Plan Includes Battery Recycling Push
Without recycling, the EV revolution would cause 8 million tons of battery scrap to be dumped in US landfills alone by 2040, according to US government estimates. An EV owner holds a cable to charge a Renault electric vehicle. President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include […]