Saudi Arabia To Begin Promoting Electric Vehicles In Riyadh
Saudi Arabia said that at least 30 per cent of cars in its capital would be electric by 2030, as the world’s biggest oil exporters seeks to reduce planet-warming emissions. The target, announced at the start of a Saudi climate…
Hyundai And LG Start Building $1.1Bn EV Battery Plant In Indonesia
South Korea’s Hyundai Motor Group and LG Energy Solution on kicked off the construction of a $1.1 billion electric vehicle battery plant in Indonesia, which President Joko “Jokowi” Widodo hailed as marking the country’s shift away from resources toward technology….
Sunverge, Simply Energy, Nissan And Wallbox Partner On Vehicle-To-Home And EV-To-Grid Services.
Sunverge has entered into a strategic partnership with Simply Energy, Nissan Australia, and home EV charging installer Wallbox, to combine Sunverge’s advanced intelligent energy management platform, Wallbox’s Quasar bi-directional in-home electric vehicle (EV) charging stations, and Nissan’s compact EV the…
Vietnamese, Chinese Company Partner For Manufacturing Electric Car Batteries
Vietnamese automaker VinFast has tied up with Chinese company Gotion High-Tech to research and produce batteries for electric vehicles. Under a newly-signed memorandum of understanding, the two companies will work on building the first lithium iron phosphate (LFP) battery plant…
EDF And Nissan Partner For Vehicle-To-Grid EV Charging
The V2G chargers store energy at times when the grid is less busy to make energy available for sale on the market, or for supporting grid flexibility, at times of peak energy use. EDF will launch the new V2G commercial…
LG, Hyundai To Build $1.1 Billion Electric Vehicle Battery Plant In Indonesia To Tap Nickel Supply
South Korean conglomerates Hyundai and LG will jointly build a $1.1 billion electric vehicle battery plant in Indonesia to take advantage of the Southeast Asian country’s potentially vast consumer market and rich natural supply of nickel. The 50-50 joint venture,…
Nissan, AESC To Build $460 Million Car-Battery Plant In Japan
Nissan Motor Co. is unveiling plans for a second car battery factory, betting that demand for electric vehicles will justify the investment in additional capacity. Envision AESC and Nissan will jointly operate the plant, to be built in Ibaraki prefecture…
LG Chem To Invest 6 Trillion Won In Battery Business
LG Chem is aiming to invest 6 trillion won (4.4 billion euros or 5.2 billion dollars) in the expansion of its battery materials business for electric cars by 2025. They want to establish a new cathode material facility in Gumi,…
Sumitomo To Invest $424 Million In Cathode Material Production
The Japanese raw materials company Sumitomo Metal Mining has announced its intention to invest 47 billion yen (about 424 million USD) in expanding its production capacities for cathode materials. The company cites the car industry’s growing demand for batteries as…
Hyundai Motor To Invest $100 Mln In Battery Startup SolidEnergy Systems
South Korea’s Hyundai Motor Co has invested about $100 million to buy a stake in a lithium metal battery startup, according to local news. “As we have been investing in various companies related to electrification, our investment in SolidEnergy is…
