Battery manufacturer SK On has signed a lithium hydroxide supply deal with Chile’s SQM. The terms of the agreement will enable SK On to purchase up to 57,000 tons of lithium hydroxide over the course of five years starting in 2023—enough to produce batteries for approximately 1.2 million EVs. Obtaining lithium from SQM will help… Read more »
Search Results Found For: "EV tax credit"
LG Chem to build major cathode plant in Tennessee
LG Chem has signed a memorandum of understanding to establish a new cathode manufacturing facility in Clarksville, Tennessee. Manufacturing plants for batteries and other EV components are popping up all over the country these days, and the announcements invariably mention President Biden’s Inflation Reduction Act, which offers incentives for companies to establish supply chains here… Read more »
Redwood Materials to supply cathode material to Panasonic’s new US battery plant
JB Straubel’s Redwood Materials will supply remanufactured battery cathode material to Panasonic, beginning in 2025, for a new factory the Japanese battery-maker is currently building in Kansas. Panasonic’s $4-billion factory, which is said to be larger than Tesla’s Nevada Gigafactory, is expected to begin production of 2170-format cylindrical cells by March 2025. Spurred by the… Read more »
InoBat and Ideanomics win incentives for a joint-venture battery factory in Indiana
InoBat Auto, a European supplier of EV batteries, has secured the “necessary regional incentives” to establish its first North American facility in Indiana. The planned 100,000-square-foot battery module and pack assembly and R&D facility in Indianapolis will be built under a joint venture with Ideanomics. Construction of the facility is expected to begin in Q1… Read more »
Verkor will use V-TRACE to ensure the traceability and sustainability of its battery supply chain
It’s becoming increasingly important for battery suppliers and automakers to be able to document where their raw materials come from. Traceability, which has long been important in industries such as aerospace and food processing, is not just about deflecting bad PR—under the new Inflation Reduction Act, automakers will have to document the sources of their… Read more »
Electrovaya to build battery gigafactory in New York
Ontario-based battery manufacturer Electrovaya has selected New York state as the location for its first US gigafactory, where it plans to produce cells and batteries. Electrovaya will set up operations at a 137,000-square-foot former electronics plant on a 52-acre campus near Jamestown. The facility is to open in phases starting in late 2023. Production capacity… Read more »
The Tesla Semi is in production at last! Pepsico will get the first deliveries.
The Tesla Semi, an electric Class 8 truck, was hailed as a game-changer when it was unveiled in 2017. However, planned production dates were pushed back repeatedly, and other companies (Kenworth, Freightliner, Volvo) beat Tesla to the market, while the erstwhile EV trend-setter pursued other priorities. Now Tesla has announced that Semi production has begun,… Read more »
Bidirectional Act to promote electric school bus V2G applications introduced in Senate
Bidirectional electric school buses are such a good idea, they almost sound too good to be true. School buses represent a perfect use case for V2G technology, revenue from providing grid services can help defray the costs for school districts, and protecting schoolchildren from diesel fumes is a worthy goal that should be popular on… Read more »
Ideanomics tests WAVE’s 500 kW wireless charger at Port of Los Angeles
Commercial EV specialist Ideanomics (NASDAQ: IDEX) has successfully tested WAVE’s 500 kW wireless charging system at the Port of Los Angeles. In a test, WAVE’s system fully charged a Class 8 electric truck in less than 15 minutes. (Ideanomics acquired WAVE in 2021.) Construction and charger installation at the Port of Los Angeles is underway,… Read more »
Cadillac’s ambitious move to an all-electric luxury brand by 2030
The car that once advertised itself as “The Standard of the World” will go all-electric. Can the US luxury brand reinvent itself for a modern era…and for China? Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. It’s a… Read more »