Chinese automakers have long dreamed of the day they would start exporting vehicles to Europe (and North America) in volume. Thanks to the Continent’s burgeoning interest in EVs, that day may be at hand. As Tom Moloughney reports in InsideEVs, the first 100 Xpeng G3s are now aboard a ship, en route to Norway, the… Read more »
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Northvolt to supply €2 billion worth of green battery cells to BMW
The BMW Group has signed a long-term battery cell supply contract worth 2 billion euros with Swedish supplier Northvolt. The cells will be produced beginning in 2024 at the Northvolt Ett gigafactory, which is currently under construction in Skellefteå in northern Sweden. Northvolt Ett in Sweden is to go on line in 2021 with an… Read more »
Tesla and Panasonic sign new three-year battery supply deal
Lately it’s seemed that the relationship between Tesla and Panasonic might have hit a rocky patch. The two companies have been partners at Tesla’s Nevada Gigafactory since the beginning, but more recently, they’ve been seeing other people. Last year, Tesla said Panasonic’s battery cell production was constraining Model 3 production. In February, the carmaker announced… Read more »
China sales and impending Semi production send Tesla shares into the stratosphere
Tesla’s stock briefly cracked the thousand-dollar mark, setting a new all-time high and raising the company’s market valuation to over $180 billion, making it the world’s most valuable automaker, after Toyota. The main impetus for the stock surge seems to have been a stellar sales report from China. Tesla sold 11,095 Shanghai-made Model 3s in… Read more »
BYD and Toyota to work together on EVs (for China, of course)
BYD and Toyota have established a 50/50 joint venture to conduct R&D for battery-electric vehicles (BEVs). The new company will be headquartered in Shenzhen City, is expected to have around 300 employees, and is to begin operations in May 2020. “With the engineers from BYD and Toyota working together under the same roof, we aim… Read more »
Majority of demand for nickel and cobalt coming from 5 battery suppliers
In 2019, over 59,000 tons of nickel and 14,400 tons of cobalt were deployed globally in passenger EV batteries, a one-year increase of 39% and 34%, respectively, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. Panasonic used 51% of the global market share of nickel (down from 56% in 2018),… Read more »
Tesla to use prismatic cells for Chinese Model 3, says new report
From the beginning, Tesla’s use of readily available cylindrical battery cells gave it an advantage over other EV-makers, which used proprietary prismatic or pouch cells. In 2015, JB Straubel explained why Tesla was sticking with cylindrical cells, even though others found it a controversial decision. Over the years, many writers have noted Tesla’s battery tech… Read more »
BMW revamps battery materials supply chain, signs supply contract for raw lithium
BMW Group has signed a €540-million contract with China’s Ganfeng Lithium for the supply of raw lithium from mines in Australia. The carmaker has restructured its supply chains for its upcoming fifth generation of battery cells. From 2020 on, it will directly source both lithium and cobalt. The raw materials will then pass on to… Read more »
Volkswagen acquires 20% of Chinese battery maker Guoxuan
Volkswagen plans to acquire 20% of Chinese battery maker Guoxuan, Reuters reports, accelerating the German giant’s foray into China’s growing EV market. At current prices, the 20% stake would be worth about $560 million. Volkswagen is currently the top foreign automaker in China, and has set a goal of selling 1.5 million new energy vehicles… Read more »
NCM cathodes making headway in EV market
In April 2019, 6.7 GWh of battery capacity was deployed globally in newly-sold passenger BEVs, PHEVs and hybrids – an increase of 69% year-over-year, according to Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. Among the NCM cathode family, NCM 622 saw a surge in deployment (in GWh) year-over-year, up 247% in April 2019… Read more »