Major carmaker GM has told various media outlets that it plans to build two additional factories for manufacturing Li-ion EV batteries. Currently, GM has two EV battery plants under construction. With the two proposed plants, its annual EV battery production capacity is projected to surpass 100GWh. The two battery plants that are already under construction […]
LG to Invest Over $8 Billion For EV Battery, Eco-Friendly Materials
LG will also actively look for new business opportunities in renewable energy industry materials market such as POE/EVA for solar power panels. South Korean conglomerate LG will invest 10 trillion won (about $8.7 billion) in its battery and other eco-friendly materials business by 2025. LG Chem, the checmical company of the conglomerate, has selected eco-friendly […]
Omega Seiki Ties Up With Forsee Power For Smart EV Battery Solutions
Mumbai :Omega Seiki Mobility (OSM) on Friday said it has tied up with smart EV battery systems provider Forsee Power to avail lithium-ion batteries technology for its entire range of commercial vehicles. “Today many buyers are struggling with range anxiety. We identified the issue and partnered with Forsee Power to enhance the range of Omega […]
Chinese EV Battery Maker CATL Extends Deal With Tesla
BEIJING : Chinese electric vehicle battery maker CATL said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc to 2025. Ningde-based CATL said in a stock exchange filing that it would supply battery cells to Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, […]
Biden Looks Abroad For Electric Vehicle Metals, in Blow to US Miners
The US Commerce Department is organizing a June conference to attract more EV manufacturing to the country. The plans will be a blow to US miners who had hoped Biden would rely primarily on domestically sourced metals, as his campaign had signaled last autumn, to help fulfill his ambitions for a less carbon-intensive economy. US […]
Electric Vehicles Will be Cheaper than Petrol, Diesel Cars by 2027, Claims Study
The study claims that lower battery costs in coming days will make electric cars more affordable in the next six years. People who want to shift to electric mobility and own an electric car have often argued about high price range of such vehicles. Across the world, owning an electric vehicle is still a more […]
Ford and BMW lead $130 million round in EV battery start-up Solid Power
Ford and BMW are leading a $130 million funding round in a solid-state battery start-up, Solid Power. The automakers hope to use the next-generation batteries in electric vehicles by the end of this decade. Solid-state batteries can be lighter, with greater energy density and provide more range at a lower cost than today’s EVs with […]
South Korea Captures 31 Percent of Global EV Battery Market in Q1
Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said on Monday. Seoul: Three South Korean electric vehicle (EV) battery makers accounted for […]
LG Energy, General Motors to build $2.3 billion EV battery factory in US
Ultium Cells, the joint venture between LG and GM, will build a second US factory with an annual capacity of 35 gigawatt-hours, similar to the first one under construction in Ohio. Seoul: South Korean battery maker LG Energy Solution Ltd said on Saturday its joint venture with American automaker General Motors Corp. will build a […]
First India EV battery plant takes shape to cut China dependence
Vikram Handa plans to invest Rs 6,000 crore ($807 million) to produce 100,000 tons of synthetic graphite anode by 2030, or about 10% of estimated global demand. NEW DELHI: The son-in-law of India’s biggest steel tycoon is betting big on converting coal tar into graphite anodes for electric-car batteries in a bid to test China’s […]