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 »
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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 »
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 »
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 »