After years of disappointment, the EV market is ready to grow, predicts Prabhakar Patil, CEO of LG Chem Power, and the Korean battery maker means to be one of the top players. “We expect to have a 25 percent share [of the global battery market],” Patil told Automotive News. “We know that we will be… Read more »
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Wrightspeed secures order of 25 powertrains from FedEx
Wrightspeed, the electric powertrain startup led by Tesla co-founder Ian Wright, has just landed its biggest fish to date: an order of 25 powertrains from giant fleet operator Federal Express. The company has tested Wrightspeed’s technology in two of its trucks and decided to take the next step. Financial details of the deal are confidential,… Read more »
Solar energy expert predicts battery prices will reach $100/kWh by 2030
When will lithium-ion battery prices reach the price point of $100 per kWh that so many in the media are calling the “magic number?” According to Winfried Hoffmann, an analyst at the consulting firm ASE, the glad day will dawn sometime around 2030. Hoffmann, the former CTO of Applied Materials, is a well-known figure in… Read more »
Could Sakti3 build GM’s 200-mile battery?
After years of operating in secrecy, battery startup Sakti3 has been much in the news lately, the subject of feature articles in Scientific American and Fortune (via Green Car Reports). The Ann Arbor company, founded in 2008 by Ann Marie Sastry, has developed a solid-state electrolyte, which could eliminate some of the drawbacks of liquid electrolytes, including… Read more »
Daimler/BYD’s DENZA EV enters production
DENZA, the “made in China, for China” EV from Daimler’s joint venture with Chinese automaker BYD, has started rolling off the production line in Shenzhen. The joint-venture company, BYD Daimler New Technology (BDNT), was established in 2010 with a 600-million-yuan ($98 million) initial investment. The DENZA is a four-door, five-passenger sedan with an 86 kW… Read more »
Nissan to shutter US battery plant?
Is Nissan is thinking of closing its US and British battery plants? According to Reuters (via Green Car Reports), the company may end up sourcing cells from South Korea’s LG Chem. Nissan currently produces its own batteries through a joint venture with NEC. With the help of governments eager to aid domestic manufacturing, it built battery plants in… Read more »
Used Li-ion batteries: remanufacture, repurpose or recycle?
Some fine day, as second- and third-generation EVs take over the roads, there will be loads of used lithium-ion batteries kicking around. According to a new report by the Mineta National Transit Research Consortium (MNTRC), by 2035 there will be between 1.3 million and 6.7 million post-vehicle batteries across the US, “enough batteries to justify… Read more »
Stolen Model S destroyed in spectacular crash
Don’t try this at home, folks. A stolen Tesla Model S was broken in half and incinerated in a multi-car crash following a 100-mph police chase through West Hollywood. Three other vehicles were also destroyed, and six people went to local hospitals, some in critical condition. The Model S was cut in two pieces by… Read more »
Battery maker Boston-Power secures $250 million in funding, will increase production capacity
Battery maker Boston-Power is closing on a new investment round of $250 million from investors in China and elsewhere, according to the Wall Street Journal’s Venture Capital Dispatch blog. The company was founded in Massachusetts, but moved most of its operations to China in 2011. It currently sells batteries to the Beijing Electric Vehicle Company…. Read more »
The Buckeye Bullet: A student-built EV that’s racing towards 400 mph
As it stands today, Ohio State’s Buckeye Bullet 1 holds the US record speed for battery electric vehicles (BEVs) at 314.958 mph, its Venturi Buckeye Bullet 2 holds the world record for hydrogen fuel cell electric vehicles at 302.877 mph, and the Venturi Buckeye Bullet 2.5 holds the world record for BEVs at 307.666 mph. … Read more »