To support its goal of electrifying the entire Mercedes portfolio by 2022, Daimler plans to invest more than €20 billion ($23 billion) in battery cells by 2030. The company will also invest €10 billion in expanding the Mercedes-Benz electric fleet and €1 billion in its global battery production network. Daimler currently has battery supply deals… Read more »
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SK Innovation announces new battery manufacturing plant in Georgia
Battery developer SK Innovation plans to invest $1.67 billion to build a new EV battery manufacturing plant in Georgia. The new plant will be located in Jackson County, Georgia, and is expected to create more than 2,000 jobs. Construction will occur in two phases, beginning in early 2019. The SK Group already has significant investments… Read more »
BMW takes steps to ensure more responsible production of cobalt
And the dirty little secret of EVs is…cobalt. The metallic element is used in significant quantities in EV batteries. Unfortunately, about half the world’s cobalt comes from the Democratic Republic of Congo (DRC), a war-torn land in which working conditions are bad, and child labor is common. In 2014, as many as 40,000 children worked… Read more »
Korean battery-makers to introduce NCM 811 cells
There’s a new battery cell in town, and everybody’s talking about its better energy density and lower costs. South Korean cell maker SK Innovation recently announced that its new NCM 811 cells would be available in December for stationary storage systems, and in the third quarter of 2018 for EVs. SK’s current cells use an… 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 »
SK Innovation to supply Li-ion battery cells for Mercedes EVs
Korea-based SK Innovation has been selected as a Lithium-ion battery cell supplier for Mercedes-Benz EV projects. SK Innovation released no details of the arrangement, saying only that its battery cells “will be deployed in multiple electric vehicle models in diverse segments.” SK Innovation says it has recently doubled capacity at its plant in Seosan, Korea,… Read more »
Chinese automaker BAIC opens EV R&D center in Silicon Valley
The Chinese are coming. Joining most of the American automakers, BAIC has opened an R&D facility in Silicon Valley. The BAIC EV R&D Center will be dedicated to the research and development of four to six models per year, and will become an important part of BJEV’s globalization plans, the company said. The BAIC subsidiary… Read more »
2015 Kia Soul EV: A strong contender in the growing EV market
Charged faithfully reports on every new plug-in vehicle that comes out, and while there are reasons to be excited about pretty much all of them, there’s always a question lingering in the background: Does this manufacturer plan to actively market its new EV, or is this just another compliance car, to be produced in limited… Read more »
Hyundai to release EV in 2016
Hyundai will release an electric sedan in 2016, to be followed later by a sports car and an SUV, company officials told the Korea Times this week. This seems to represent a change in strategy from 2012, when Hyundai Motor Group announced that its Kia division would focus on pure EVs, while Hyundai would develop… Read more »
Maxwell and Corning agree to work together on ultracapacitor tech
Maxwell Technologies (NASDAQ: MXWL) has announced a joint development agreement with Corning (NYSE: GLW) with the goal of advancing the state of capacitive energy storage technology. Maxwell brings expertise in ultracapacitor cell design and a growing presence in the energy storage market to the partnership, while Corning is a specialist in high-performance materials, and has… Read more »