Search Results Found For: "battery plant"

The technical reasons Tesla would limit supercharging speed, and other practical charging considerations

Recently, a bit of a kerfuffle kicked up when a Tesla Model S owner noticed that the maximum charge rate for his car on the Supercharger network had suddenly been cut from 120 kW down to 90 kW, apparently the result of too many fast charge cycles. Tesla’s explanation was, essentially, that many things can… Read more »

Microvast Power Systems raises $400 Million in new funding

Microvast Power Systems (MPS) has received $400 million in a funding round led by CITIC Securities. MPS is a vertically integrated battery system manufacturer. Its battery systems are currently powering over 15,000 electric and hybrid public transport vehicles in over 140 cities. MPS plans to launch a next-generation product line this year, and began construction… Read more »

2017 Chevrolet Bolt EV: The era of long-range, mid-priced EVs is here

The 2017 Chevrolet Bolt EV will surely be remembered as a milestone model in automotive history – and hopefully for more than just the hype that heralded it. For several years, the punditocracy has been saying that the “killer app” that would bring electromobility to a “tipping point” and build that all-important “critical mass” would… 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 »

Proterra raises $140 million in Series 5 round

Electric bus manufacturer Proterra has raised $140 million in a Series 5 financing round. The company will use the new money to double its production capacity in order to meet exploding customer demand from transport authorities across the US. Proterra’s 2016 sales awards more than doubled from 2015. The new capital will allow Proterra to… Read more »

Faraday Future reveals production-ready FF 91, announces over 64,000 reservations

Faraday Future (FF), the intriguing EV startup that employs several alumni of Tesla and other automotive and tech giants, revealed its first production vehicle, called FF 91, at a press event prior to the recent CES trade show. FF 91 features a monocoque vehicle structure that integrates the chassis and body, and a multi-motor setup… Read more »

Tesla Gigafactory begins producing cells

It seems we’ve been waiting forever, but in fact, as these things go, it happened with lightning speed. Tesla’s game-changing Gigafactory has started producing battery cells, destined for the Powerwall and other energy storage products and, beginning in the second quarter, the Model 3. The sprawling Nevada plant is already assembling utility-scale Powerpacks for Southern… Read more »