Contemporary Amperex Technology Ltd (CATL) is on a serious roll – China’s biggest battery builder issued a successful IPO on the Shenzhen stock exchange earlier this month, and has been announcing new supply contracts left and right – Daimler, Honda, Nissan/Renault, SAAB successor NEVS and EV startup Byton are now customers, and there are rumors… Read more »
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A look at Lucid Motors: Q&A with CTO Peter Rawlinson
The legacy automakers are slowly and methodically developing new EVs, with various levels of enthusiasm, but the most ambitious plans for new vehicles are coming from a handful of EV startups. Most of these pioneers of the new auto industry share a formula: deep-pocketed investors (many from China), former Tesla employees on staff, and plans… Read more »
Chile selects two companies for lithium projects
Chile’s state development agency, CORFO, has selected the Chilean firm Molymet and China’s Fulin Group (a joint venture between Samsung SDI and South Korea’s POSCO) to develop value-added lithium products in Chile. Within two years, the companies are expected to be ready to produce some 58,000 metric tons of cathode materials per year. This announcement… Read more »
SF Motors teases two new EVs, plans to begin production this year
After two years in stealth mode, Santa Clara-based SF Motors recently announced details of two upcoming EVs, the SF5 and the SF7. The SF5 will be available for pre-order by the end of 2018 and is scheduled to hit the road in 2019. The company plans to begin vehicle production this year at its facilities… Read more »
VW secures battery supplies to support major EV expansion
Volkswagen says it has lined up 20 billion euros ($25 billion) worth of battery supplies to support a significant increase in EV production over the next few years. The world’s largest automaker will equip 16 factories to produce EVs by the end of 2022, compared with the three it has today. VW says it plans… Read more »
POSCO begins lithium production in Korea
Korea-based steel-maker POSCO has begun commercial production of lithium in South Korea for the first time. In February, POSCO completed a lithium extraction plant with an annual capacity of 2,500 tons. Speaking at the opening ceremony, Jong-joo Kim, the Director of the Korean Ministry of Trade, Industry and Energy, noted that Korea, a major battery… Read more »
Lucid Motors unveils Lucid Air luxury sedan
Lucid Motors, formerly known as Atieva, has unveiled its Lucid Air electric luxury sedan. Some of the specs are already known, as the powertrain seems to be much the same as that used in the company’s hotrod van Edna, but the new car’s design was revealed for the first time. The Air uses a new… Read more »
Musk: Panasonic will be exclusive battery supplier for Model 3
Tesla has a long-standing relationship with Panasonic, as a battery supplier and a partner in the Gigafactory. So EV-savvy ears perked up at news that the California carmaker had met with a trio of Korean battery-builders. In fact, Reuters reported that Samsung SDI was “making progress” in talks with Tesla to supply batteries for Model… Read more »
Li-ion batteries a bright spot in China’s economy
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 »
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 »