In 2020, a total of 134.5 GWh of passenger EV battery capacity was deployed globally in newly sold passenger EVs, an increase of 39.6% over the prior year, according to an analysis by Adamas Intelligence. This figure excludes an additional 15 to 20 GWh of installed passenger EV battery capacity idling in sales channels and… Read more »
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Group14 secures funding to scale Li-ion battery production
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, has secured $17 million in a Series B funding round led by SK materials, a manufacturer of special gases and industrial gases. Group14 will leverage this operating capital to scale production to meet the increasing demand for its flagship product, SCC55, which it… Read more »
SK Innovation speeds hiring at its first US EV battery plant in Georgia
SK Innovation has announced plans to hire more than 1,000 skilled American workers by the end of 2021 as it prepares for initial production at the first of two EV battery plants being built in Commerce, about 70 miles northeast of Atlanta. SK Innovation is building two EV battery plants at the Georgia site as… Read more »
SK Innovation increases investment in US EV battery business to $2.5 billion
SK Innovation has announced additional investment in its US battery business to fund the construction of a second EV battery plant in Georgia. The company plans to invest a total of $2.5 billion to build two plants at its site in Commerce, Georgia, with a combined annual capacity of 21.5 GWh. SK broke ground on… Read more »
South Korea has fast chargers at 76 gas stations, is planning thousands more
No one can yet say exactly what the charging infrastructure of the future will look like, but there’s certainly logic in the idea of installing DC fast chargers at existing gas stations. A small but growing number of station operators in the US have installed fast chargers. Total, BP and Shell are experimenting with EV… Read more »
SK Innovation and Glencore sign six-year cobalt supply deal
Global mining giant Glencore has signed a deal to supply Korean battery-maker SK Innovation with up to 30,000 tons of cobalt contained in hydroxide between 2020 and 2025. Glencore expects global demand for cobalt for EV batteries to reach 92 kilotons by 2025. The quantity of cobalt supplied under this contract will allow SK Innovation… Read more »
SK Innovation to build second EV battery plant in China
According to a recent article in Business Korea, SK Innovation – a subsidiary of Korea’s giant SK conglomerate – is planning to invest $1.05 billion USD to build an EV battery manufacturing plant in Yancheng, China. The new plant will join the company’s pre-existing battery plant in Changzhou. SK Innovation’s plans for the new plant… Read more »
2019 Kia Niro EV: An impressive electric compact suggests good things from future Kia EVs
Kia may be the auto brand with the biggest disconnect between perception and reality in the US today. It makes stylish, modern vehicles – passenger cars plus a growing range of crossover utilities – packed with advanced features. It’s a legitimate competitor to Toyota, Honda, and others. But ask the average buyer if he or… Read more »
Battery testing start-up Novonix has spun off PUREgraphite to manufacture anode material in the US
Batteries are ubiquitous in our modern lives. Take a look around you and count how many items need be plugged in and recharged. If you’re at your desk, the answer might be four or five. If you’re out for a run, perhaps two or three. If you’re in a garage, there may only be one,… Read more »
VW to build EV assembly plant in Tennessee
VW has been talking big lately about producing EVs in volume, but now we’re beginning to see some real action. The German giant has announced plans to add a second assembly plant in Chattanooga, Tennessee to build EVs for VW, and possibly other Volkswagen Group brands. The company plans to invest $800 million and create… Read more »