Volvo Cars plans to invest SEK 10 billion ($1.07 billion) in its Torslanda manufacturing plant in Sweden over several years, in preparation for the production of its next generation of EVs. The company will introduce a number of new technologies and manufacturing processes at the plant, including the Tesla-pioneered technique of megacasting of aluminum body… Read more »
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European Commission approves €2.9 billion in funding for comprehensive battery project
The European Commission has approved a second Important Project of Common European Interest (IPCEI) to support innovation throughout the battery value chain. The European Battery Innovation project calls for 12 member states—Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden—to provide up to €2.9 billion in funding in the coming years…. Read more »
Brexit deal forces UK carmakers to develop domestic battery supply chain
Britain’s new relationship to the EU has important implications for automakers, specifically for their battery supply chains. As The Guardian reports, all UK-EU trade in cars and parts will continue to be free of tariffs or quotas, as long as they contain enough content from either UK or EU factories. For three years, batteries will… Read more »
Startup Verkor plans to build 16 GWh battery gigafactory in France
After at least a year in stealth mode, French startup Verkor has announced plans to build a battery gigafactory in France. The facility, which is to open in 2023, will have an initial annual capacity of 16 GWh, which could be expanded to 50 GWh at a later date. The new company says it will… Read more »
Battery storage companies raised $1.4 billion in first half of 2019
Battery storage companies raised $1.4 billion in 17 deals during the first half of 2019, according to a report from Mercom Capital Group. That figure is up 139 percent from H1 2018, during which companies raised $543 million in 30 deals. There were six battery storage mergers and acquisitions in H1 2019, compared to eight… Read more »
BMW seeks new EV battery cooling solutions
BMW is seeking new solutions for EV battery cooling that can provide improved cooling capacity during fast charging as well as a reduction in noise and vibration emissions. BMW will consider both early-stage and mature solutions, and will work to evaluate and develop solutions that meet its criteria. BMW’s key criteria for solutions include an… Read more »
Scania to build clean garbage trucks powered by fuel cells
Scania and waste handling company Renova are developing a fuel cell garbage truck with a fully electrified powertrain and compactor. Developed in partnership with the Swedish Energy Agency and Stockholm’s Royal Institute of Technology, the truck is expected to be delivered by 2020. Scania previously announced delivery of four fuel cell distribution trucks with ranges… Read more »