BASF Plans Battery Joint Venture With China’s Shanshan
German chemicals company BASF said it is setting up a joint venture with Chinese battery materials supplier Shanshan to manufacture a key component used in the lithium ion batteries that are in high demand thanks to the burgeoning market for…
Nissan To Invest $1.8 Billion In New EV Battery Plants In Japan And UK
Nissan will invest more than 200 billion yen ($1.8 billion) in building new electric-vehicle battery plants in the U.K. and Japan, according to a report. The Japanese automobile giant and a Chinese-owned battery maker aim to start delivering batteries to…
Ford’s $30B Investment In Electric Revs Up In-House Battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+,…
Rio Tinto And InoBat Partner To Explore Full Life-Cycle Lithium Battery Initiative
Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia. The partnership will cover the full…
Daimler Truck And CATL Expand Global Battery Partnership
Daimler Truck and Contemporary Amperex Technology Co. Limited (CATL) are expanding their existing partnership related to batteries for electric trucks, started in 2019. The original deal was about CATL’s lithium-ion cell modules for upcoming Daimler’s series-produced electric trucks (Mercedes-Benz eActros,…
Governments Invest In Electric Vehicle Battery Plant
The governments of Canada and the province of Quebec will make an equal investment totalling almost $100 million for the creation of a highly-automated battery-pack assembly plant in St-Jerome, an hour north of Montreal. The project which will require an…
Volkswagen To Build Six Electric-Vehicle Battery Factories In Europe
Volkswagen AG said it would invest in six large battery factories and build out charging infrastructure, highlighting some global auto makers’ push to take control of battery making as electric vehicles boom. The world’s automotive industry is pivoting to electric…
XPeng Launches New LFP-Battery Powered Versions Of EVs
China-based EV maker XPeng expanded its product offering by launching three new vehicle versions powered by lithium iron phosphate (LFP) batteries for the Chinese market. The three new LFP-battery powered cars, including the rear-wheel drive (RWD) P7 Standard Range Smart…
RIL To Venture Into EV Battery Space Ahead Of A Boom In Electric Vehicles
The possibility of a stake sale to Saudi Arabia’s Aramco is only one part of the story behind Reliance Industries hiving off its oil-to-chemicals business. This is also part of a strategic shift by Ambani to renewable energy. “RIL will…
SVOLT Plans Two New Battery Factories In China
The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, is expanding its production capacities in China. New factories are planned in Huzhou in China’s Zhejiang province and in Suining in Sichuan province, each with annual capacities…
