LONDON/DETROIT : For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric. And now those battery packs are piling up in scrapyards in some countries, […]
Where Would Discarded EV Battery Go? EPA: Heading Towards a High Value Circulating System – EQ Mag
Discarded EV batteries are still functional as li-ion batteries are advantageous in low discharge rate, long life cycle, as well as high energy density in energy storage efficiency. Both EVs and large energy storage equipment are highly dependent on li-ion batteries. An estimation on service life indicates that an end-of-life (EOL) period will successively begin […]
Toyota pledges up to $5.6 billion for EV battery production, ramps up investment in North Carolina plant – EQ Mag Pro
As well as diesel and gasoline vehicles, Toyota is known for its hybrid and hydrogen fuel cell offerings. The Japanese automotive giant’s move comes as major economies lay out plans to reduce the environmental footprint of road-based transportation. Just this month, the California Air Resources Board approved a rule that will require all new car […]
EV battery pack shipments to reach 30 mn in 5 years – EQ Mag Pro
The shipments of electric vehicle battery packs are likely to reach 30 million in 2027, from 10 million in 2022, a report showed on Monday. The around 200 per cent growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4 million in 2022 to over 7 million […]
Redwood Materials plans to spend $3.5 billion on making EV battery essentials – EQ Mag Pro
Redwood Materials, founded by former Tesla Inc executive JB Straubel, said on Monday it plans to spend $3.5 billion on a battery-materials factory in northwest Nevada, confirming an earlier report by the Wall Street Journal. The auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders […]
Morocco plans to set up EV battery ‘gigafactory’: minister – EQ Mag Pro
Morocco seeks to boost local production of electric vehicles to respond to the increasing global demand for electric and hybrid vehicles amid a surge in fuel prices. Rabat : In a bid to accelerate local electric vehicle manufacturing, Morocco has negotiated the set up of an electric vehicle battery with leading manufacturers. “We hope to […]
EV battery makers are getting their hands on everything-Business Journal – EQ Mag Pro
One of the most abundant and essential ingredients in electric vehicle batteries is beginning to experience demand pressures, showing how supply chain troubles are getting deeper and the value chain even more expensive. Tesla Inc. last week signed a deal with Australian mining company Syrah Resources Ltd. to procure materials from the firm’s Louisiana operations, […]
EV Battery Tech Announces Acquisition of Large-Scale Crypto Mining Infrastructure Company – EQ Mag Pro
The Company Continues to Increase its Exposure to Cryptocurrency by Acquiring Development Rights to Power and Infrastructure for 1,000 ASIC Miners in Canada VANCOUVER : Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) (OTCQB: CRYBF) is pleased to announce that on November 22, 2021 it entered into a Share Exchange […]
NREDCAP, RACEnergy inaugurate first EV battery swapping stations in Tirupati – EQ Mag Pro
This solution offered by RACEnergy will convert diesel auto-rickshaws into electric. New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) in association with EV infrastructure firm RACEnergy on Friday inaugurated the first battery-swapping station in Tirupati to pilot five retrofitted electric autos in the region. This solution offered by RACEnergy helps convert diesel auto-rickshaws […]
Czech Republic Plans to Spend US$2.4 Billion to Support Development of Local EV Battery Production – EQ Mag Pro
News agencies in Europe have reported that the Czech Ministry of Industry and Trade and ČEZ Group signed a memorandum of understanding indicating that they will be working together to help establish a local EV battery manufacturing plant. The memorandum was signed on July 27, and it entails a project investment of around US$2.4 billion. […]