China’s overall economy is in the doldrums these days, but the lithium-ion battery industry is booming, according to market intelligence firm CCM. Nearly 80% of the world’s new investment in Li-ion batteries was in China in 2014. China’s electrochemical energy storage market recorded a compound annual growth rate of 110% from 2010 to 2015, about… Read more »
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Tesla reportedly approaches LG, Samsung and SK for Model 3 batteries
Japanese giant Panasonic is currently Tesla’s exclusive battery partner, but as its battery needs balloon along with demand for the upcoming Model 3, it’s only logical that the California company should keep its options open with other suppliers. The Korea Times reported that Tesla has approached LG Chem, Samsung SDI and SK Innovation. Tesla executives… Read more »
SK Innovation considers China EV battery factory
SK Innovation, South Korea’s largest oil refiner and chemical supplier, says it is having talks with several companies about jointly establishing an EV battery factory in China. “An investment announcement will likely be made in the near future,” said Chief Executive Chung Chul-khil, adding that the joint venture in China may be with a battery… Read more »
Samsung supplies cylindrical 18650 cells to Chinese automaker
Samsung SDI will supply cylindrical 18650 format Li-ion battery cells for the new electric SUV iEV6S from , one of China’s top 10 domestic automakers. The battery pack for the iEV6S will use around 3,000 of Samsung’s 18650 cells. The two companies have signed an MOU for the supply of 50 million battery cells next… Read more »
Navigant Research crowns LG Chem as the Li-ion leader
A recent Leaderboard Report from Navigant Research examines the strategy and execution of eight leading EV battery manufacturers. Navigant puts LG Chem in first place, followed closely by Panasonic and Samsung SDI. A rung below these “Leaders” are what Navigant calls “Contenders,” including AESC, BYD, Johnson Controls and A123. Navigant projects the global market for… Read more »
Samsung unveils new higher-capacity e-bike battery packs
Samsung SDI has unveiled several new types of Li-ion battery packs, including a 500 Wh e-bike pack that can deliver a range of 100 km. Another new battery pack for e-bikes is equipped with 21700-type batteries, which have higher energy capacity than previous cylindrical cells. Samsung hopes to make it the new standard in small cylindrical… Read more »
Lux Research: LG Chem threatens Panasonic’s position as world’s top EV battery supplier
Japanese giant Panasonic is by far the largest automotive batter supplier at the moment, with a 39% market share. According to a new report from Lux Research, it will probably hang onto that position, increasing its share to 51% as EV batteries grow to a $30-billion market by 2020. However, there’s a real possibility that… Read more »
Audi targets Tesla Model X with all-electric 311-mile e-tron quattro
In May, Audi said that it is developing “a sporty SUV with electric drive,” to be launched in 2018 (the company also plans to sell two plug-in SUV models in Asia in 2016). Now Audi has released teaser images of its e-tron quattro concept, which will be unveiled next month at the International Motor Show (IAA) 2015… Read more »
Apple and A123 settle engineer-poaching lawsuit
The iCar is still just a rumor, but Apple surely has been showing a lot of interest in EV-related technology, including large-format batteries. This week, the Cupertino computer-maker agreed to settle a lawsuit alleging that it had been showing a little too much interest in engineers working for Massachusetts battery-maker A123. In February, A123 filed… Read more »
Sources say Samsung to provide battery packs for BMW X5
Industry sources expect Samsung SDI to provide battery packs for BMW’s upcoming X5 Plug-in Hybrid SUV, according to Korean news agency Yonhap. In July 2014, BMW and Samsung agreed to expand their supply relationship. The Korean company’s battery cells power the BMW i3 and i8, and market research firm IHS expects Samsung to increase shipments… Read more »