Tag: battery industry

26th March 2020 | Silverstone

Toyota, China’s CATL in partnership for new energy vehicle batteries

Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and develop batteries for new energy vehicles. The Japanese automaker said on Wednesday that the firms had also started talks covering a range of areas including new technology development and the reuse and recycling of batteries. “To further…
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18th July 2019 0

LG Chem aims to quintuple EV battery biz by 2024

LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in sales by 2024, with 31 trillion won coming from its battery business. Last year, the company’s battery sector accounted for only…
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12th July 2019 0

Lithium batteries: Far more widely recycled than second-hand statistics imply

Taking apart and recycling the larger battery modules used in grid-scale storage and EVs is a task requiring far more skill than doing the same in portable electronics, the report says. Image: AltaGas. Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging…
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8th July 2019 0

Europe Thinks Like China in Building Its Own Battery Industry

The European Union is starting to act like China when it comes to building the batteries that will drive the next generation of cars and trucks. In the past few months, government officials led by European Commission Vice President Maros Sefcovic have joined with manufacturers, development banks and commercial lenders on measures that will channel…
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3rd July 2019 0

First battery-powered cruise ship sails for the Arctic

The world’s first cruise ship propelled partially by battery power is set to head out from northern Norway on its maiden voyage, cruise operator Hurtigruten said on Monday. The hybrid expedition cruise ship, the Roald Amundsen, can take 500 passengers and is designed to sail in harsh climate waters. Named after the Norwegian explorer who…
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2nd July 2019 0

India scrambles to look overseas for rare earths used in EVs

MUMBAI/NEW DELHI — Three Indian state-run companies are forming a joint venture to secure minor metals such as lithium and cobalt that could fuel India’s plan for mass adoption of electric vehicles by 2030. National Aluminum, Hindustan Copper and Mineral Exploration Corp. plan on exploring mines in Argentina, Bolivia, Chile and other countries for metals…
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1st July 2019 0

Intelligent charging tech ‘could make EV refuelling 75% cheaper than petrol’

Ohme Technologies says its new platform will facilitate the mass-adoption of EVs by significantly slashing costs when combined with a time-of-use energy tariff. New intelligent charging tech could make electric vehicle (EV) refuelling 75% cheaper than filling a petrol or diesel vehicle. That’s according to Ohme Technologies, which says its new platform will facilitate the…
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27th June 2019 0

Germany: 3 battery consortia will be funded

  To stimulate domestic battery cell production, the German Federal Ministry of Economics will most likely fund three consortia a total of 1 billion euros ($1.12 billion USD). Of these, only the project of Peugeot, Opel and the battery manufacturer Saft have been confirmed by name. “We’ve now reached a point where we can say…
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24th June 2019 0

Electric planes start small as industry wrestles with emissions

LE BOURGET (Reuters) – An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programs being touted at the Paris Airshow, as the industry tries to convince a sceptical public it can deliver on a pledge to halve carbon emissions by 2050. Israeli startup Eviation has wheeled out Alice, a battery-powered nine-seater due…
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20th June 2019 0

Volkswagen invests €900m in Swedish battery maker

Volkswagen AG has announced a €900 million ($1.467 billion) investment into an electric vehicle battery joint venture with Swedish firm Northvolt AB. According to VW, part of the above sum “is intended for a joint venture” with the battery producer, while a further portion of the investment will go directly to Northvolt in return for…
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17th June 2019 0