Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota has ambitious EV battery production plans for the future. Toyota plans to produce low-cost battery cells with 621 miles of cruising range before 2030. The Japanese automaker aims to eventually make […]
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StoreDot announced that its groundbreaking extreme fast charging “100in5” electric vehicle battery cell had its technology successfully validated by a leading, independent battery lab in Israel. On Tuesday, StoreDot confirmed the Shmuel De-Leon Energy battery lab successfully confirmed the “100in5” cell’s commercialization viability and its superior fast-charging ability, as well as its high-energy performance in […]
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Tesla is still planning to build electric vehicle battery cells in Germany at Giga Berlin, and faster than previously projected. This contradicts reports earlier this week that Tesla was delaying battery production in Germany with intentions to prioritize cell manufacturing in the United States, which would help the automaker benefit from recent government incentives. Earlier […]
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Chinese battery manufacturer Contemporary Amperex Technology Co., Limited, or CATL, has announced a massive investment to build a new cell manufacturing plant in Europe. CATL announced on Friday that it would invest €7.34 billion to build a 100 GWh battery plant in Hungary. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as […]
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Tesla battery supplier Panasonic reported its earnings this morning, stating it took a 39 percent drop in first-quarter earnings due to COVID-19 lockdowns in China and rising materials costs. Panasonic said its operating profit for the three-month span ending on June 30 was 63.7 billion yen, or $470.77 million. This missed a consensus estimate of […]
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On Thursday, Chinese battery manufacturer Contemporary Amperex Technology (CATL), announced that mass production of its most current product, Qilin, is efficient and enables electric cars to travel longer. CATL expects to begin production next year. The Qilin battery achieves a new record for volume-based utilization efficiency at over 72%. In other words, cells make up […]
Nikola Motor Corp. is continuing its dramatic turnaround just eleven months after its founder and CEO was indicted on three counts of fraud. The company announced plans to manufacture its own battery cells by 2024, but only if market conditions and sourcing was openly available to Nikola, CFO Kim Brady said. “If in-sourcing opportunity is […]
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Singapore’s government is considering implementing new laws that would require new buildings to install electric vehicle charging stations in at least 1 percent of parking spaces. The laws would help supplement EV adoption in the country and ensure there are enough charging stations available as the market share of electric cars increases. The restrictions will […]
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ONE Technologies, a battery manufacturing startup out of Novi, Michigan, has announced that they will be working with BMW to test their new “dual chemistry” battery and have the goal of achieving 600 miles of range on a single charge with the company’s iX electric vehicle. Earlier this year, ONE became a when they were […]
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Contemporary Amperex Technology Co (CATL) said it would begin supplying German automaker BMW with cylindrical battery cells for its next generation of electric vehicles beginning in 2025. CATL said it had signed an agreement with BMW “in which it is nominated as the supplier of the cylindrical cells for the German carmaker, CATL said without […]
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