LG Chem To Spin-Off World’s Largest Electric Car Battery Business
LG Chem plans to spin off its lucrative electric vehicle battery business, the world’s largest, to fund an expansion of its facilities through a potential initial public offering as it benefits from a surge in orders. The South Korean company,…
Chinese Battery Maker Plans Factory In France
Chinese renewable energy group Envision is looking to build a battery factory in France to supply the growing electric vehicle market, a French newspaper reported. The company, which has battery production plants in Japan, the U.S., Britain and in China,…
A Bill Gates-Backed Electric Vehicle Battery Developer Is The Latest Firm To Publicize Its Acquisition
An electric vehicle battery developer financed by Bill Gates and Volkswagen is the latest firm to reveal its intention of undergoing amalgamation through an explicit peculiar acquisition process. QuantumScape, which manufactures vehicle batteries, explained to the public that it would…
California Startup Aims To Tackle Battery Degradation In Electric Cars
Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time. A San Leandro, California-based start-up said it had raised $4 million in funding and is working with German chemical giant…
Oil Major Total, Carmaker PSA Set-Up $6B EV Battery Venture
Supermajor Total continues to invest in clean energy by creating a joint venture with automaker Groupe PSA to manufacture batteries for electric vehicles in Europe—a project expected to mobilize investment of more than US$5.9 billion (5 billion euro). Total, via…
C-MET Seeks Co-funding Partners For Li-ion And Na-ion Battery Cell Manufacturing
The Center for Materials for Electronics Technology (C-MET) has invited Expressions of Interest (EoI) from interested parties for collaboration with the Center of Excellence for rechargeable battery technologies (Pre-cell). The interested parties would include public sector units, private industry, and…
Mumbai’s Epsilon Carbon To Invest $70 Million In Battery Material Manufacturing Facility
Epsilon Carbon, India’s leading coal carbon company, is diversifying into the battery material business to develop and manufacture high performance and quality carbon products for anode components of Lithium Ion Batteries (LiB). The battery materials business is housed under a…
Volkswagen To Make Electric Car Cells, Battery Packs In The U.S.
German automaker Volkswagen AG said it was expanding its Chattanooga factory in Tennessee to make electric vehicle cells and battery packs in the United States, alongside assembling electric vehicles. The company said it plans to break ground for a laboratory…
NIO Launches Battery-As-A-Service To Make EV Ownership Even Easier
In a livestreamed media session, NIO Vice President of Power Management Shen Fei officially launched NIO’s new Battery-as-a-Service strategy. The new service decouples the battery from the purchase price of the vehicle, providing a lower up front purchase price, more…
China’s CATL Developing EV Battery Without Nickel Or Cobalt
China’s battery manufacturer Contemporary Amperex Technology (CATL) is developing a new type of electric vehicle battery that doesn’t contain nickel or cobalt. Both nickel and cobalt are used in the batteries powering many of the market’s current EVs. Last month,…
