Volvo has won an order for 11 plug-in hybrid buses from the city of Namur in Belgium, the largest order to date for the company’s electrified buses. The buses will run on electric power within the city’s new zero-emissions zone. Public transport authority TEC, which transports more than 250 million passengers per year, is also… Read more »
Search Results Found For: "LG Energy Solution"
LG Chem Power CEO: We’re the Li-ion leader for PEVs because of material science
Q&A with LG Chem Power’s CEO: Dr. Prabhakar Patil on how the company became a Li-ion battery front-runner, the economics of building batteries, and why it spends little energy on what comes after lithium. Among Tier 1 automotive suppliers of lithium-ion cells, LG Chem is off to a clear lead, based on the number of announced… Read more »
OXIS Energy bets on lithium-sulfur
Though it may have a stinky reputation, sulfur could set EVs on the path to total ICE replacement if energy-dense, low-weight lithium-sulfur batteries become the norm. British-based OXIS Energy is banking its business on it. If American clean energy industries are to take full advantage of the emerging lithium-sulfur (Li-S) battery chemistry, they just may… Read more »
Sion Power raises $75 million to commercialize its Licerion tech for lithium metal EV batteries
Sion Power, a developer of next-generation batteries for EVs, has secured $75 million in a Series A funding round led by battery manufacturer LG Energy Solution. Sion Power will use the funding to validate its Licerion technology technically and commercially. The company plans to build a fully automated line to make large-format lithium metal cells… Read more »
GM says equipping the next-gen Chevy Bolt EV with LFP batteries will save billions
EV enthusiasts were disappointed at GM’s decision to discontinue the popular (if a bit dull) Chevy Bolt EV last year. In hindsight, the move may have been premature—the new Ultium EVs that were supposed to replace the Bolt in GM’s lineup have been delayed, causing the company to post embarrassingly low EV sales figures for… Read more »
Isuzu to invest two billion bucks in electric trucks and batteries
Japanese automaker Isuzu is planning to invest nearly two billion dollars in electric trucks and batteries, according to EV news outlet Electrive. According to a regulatory filing, Korean battery giant LG Energy Solution will supply Isuzu with cylindrical cells through 2026 in a deal worth one trillion Korean won ($748 million). LG has been supplying… Read more »
Sion Power raises 75 million to commercialize its Licerion EV battery tech
Sion Power, a developer of next-generation batteries for EVs, has secured $75 million in Series A funding. The round was led by battery manufacturer LG Energy Solution, and included participation from Euclidean Capital and Hillspire. Sion Power’s Licerion technology uses compression in a lithium metal battery to enhance safety, lifetime and recharging rates. Sion has… Read more »
GM agrees to unionize EV battery plants. Will other US automakers follow suit?
The United Autoworkers’ strike doubtless has multiple causes, but the transition to EVs is certainly one bone of contention. EVs are simpler machines than legacy vehicles, and many expect this to translate into less demand for human labor. A wave of new battery plants will surely create new jobs, but some fear that automakers will… Read more »
Updated Chevrolet Bolt EV coming, using newer Ultium cells
The other shoe has dropped on GM’s decision to take its only volume EV model out of production: a revised Bolt using the new Ultium battery is coming. General Motors CEO Mary Barra said this morning an updated Chevrolet Bolt EV will come to market “on an accelerated timeline,” with new Ultium battery cells replacing… Read more »
Nikola liquidates Romeo’s battery assembly assets: auction ends July 13
Electric truck maker Nikola is liquidating the assets of battery maker Romeo Power, which it acquired last August for about $144 million. Nikola, which also sources batteries from LG Energy Solution and Proterra, hoped that bringing battery manufacturing in-house would enable operational improvement and cost reductions. For whatever reasons, it doesn’t seem to have worked… Read more »