Hyundai Motor, Kia to Partner with India’s Exide Energy on EV Batteries
HYUNDAI Motor and Kia on Monday (Apr 8) signed a memorandum of understanding with India’s Exide Energy Solutions to supply batteries for their electric vehicles in a bid to boost competitiveness in the world’s No 3 auto market. The South…
BAK Battery Unveils Revolutionary Big Cylindrical Power Batteries at China EV100 Forum 2024
At the China EV100 Forum 2024, Dr. Lin from BAK Battery highlighted the potential of big cylindrical power batteries as the future of EVs, suggesting ultra-fast charging and enhanced safety features. Shenzhen, China–(Newsfile Corp. – March 21, 2024) – From…
This $1b EV Nickel Plant Will be North America’s Largest
Canada Nickel Co. is looking to spend US $1 billion to build a nickel processing plant in Ontario, which would be North America’s largest once it is completed. The plant will have the capacity to produce more than 80,000 tons…
China EV Maker Nio to Spin off its Battery Production Unit
Chinese electric vehicle maker Nio plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of the efforts by the company to turn profitable, reduce costs and improve efficiency. The nascent…
Volkswagen is Getting Closer to Cell-to-pack (C2P) EV batteries
Volkswagen Group China has begun producing battery systems at a new factory in Hefei, China for its MEB platform EVs in the country. The initial capacity of the plant will be 150,000-180,000 EV packs per year, and marks VW’s first…
Hyundai to Develop Own Cheaper Batteries for EVs
Hyundai Motor Group is expected to develop its own price-competitive lithium iron phosphate, or LFP, batteries for electric vehicles late next year to reduce dependence on China-made batteries, industry sources said Monday. According to media reports, under the two-year joint…
China Says It Will Restrict Key Material In EV Batteries: Tesla Moves Lower
China’s Ministry of Commerce and General Administration of Customs announced Friday that it will begin restricting exports of graphite, a key component of electric vehicle batteries. What Happened: Many EV companies, including Tesla, traded lower Friday, potentially on the news…
Samsung SDI To Supply EV Batteries To Hyundai Motor Starting 2026
South Korea’s Samsung SDI (006400.KS) said on Monday it will supply Hyundai Motor (005380.KS) with electric vehicle (EV) batteries for seven years starting 2026, marking the first battery supply deal between the two companies. “The latest supply deal marks the…
Jsw In Talks With Lg Energy Solution To Make Ev Batteries In India
Indian steel-to-energy group JSW is in early stage talks with Korea’s LG Energy Solution (LGES) about jointly manufacturing batteries in India, two sources told Reuters, as it presses ahead with plans to build electric vehicles locally. JSW held talks with senior LGES executives in…
$1 Billion Factory In India, Sodium-Ion Batteries In China
Tesla announced it plans to construct a manufacturing plant in India which will produce a car that sells for under $25,000. And why not? India is the largest country in the world by population and has the fourth largest new car market….
