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…
BMW Secures Funding For EV Battery Aiming To Rival Range Of A Traditional Engine
A BMW project centered around the development of a long-distance electric vehicle battery has been awarded £26.2 million ($36.07 million) in joint funding from industry and the U.K. government. The Oxford-based project, called BMW-UK-BEV, is one of four to receive…
Sertec Group Established UK’s First EV Battery Busbar Production Line
Sertec Group, a UK-based automotive component manufacturer, has invested £1.7m (US$2.36m) into its research and development (R&D) programs, to enable the UK’s first mass-production assembly line for electric vehicle batteries. The new assembly line will be fully operational in September…
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,…
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,…
Startup Log 9 Materials Develops Fast-Charging Batteries For Electric Vehicles
Log 9 Materials, a startup incubated from IIT-Roorkee five years ago, has developed fast-charging batteries for electric vehicles, which will help extend the life of the power unit and adoption of EVs, an official said. The company is carrying out…
A Tweak In The Battery Chemistry Could Double Electric Vehicle Range
Researchers at the Pacific Northwest National Laboratory (PNNL) have made a chemical breakthrough that they believe will allow electric vehicles batteries to hold almost twice the energy of their traditionally-used lithium-ion counterparts. The solution in question is a lithium-metal chemistry…
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…
Nissan Unveils New EV, Plans For Battery Gigafactory At Sunderland In UK; Potentially Up To 35 GWh
Nissan unveiled Nissan EV36Zero, a £1-billion flagship Electric Vehicle (EV) Hub —an EV manufacturing ecosystem—centered around its plant in Sunderland, UK. The project has been launched with an initial £1-billion (US$1.4-billion) investment by Nissan and its partners battery-maker Envision AESC…
