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Search Results Found For: "LG Chem"

Bullish on batteries, Daimler to invest more than $23 billion in battery cells by 2030

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 »

Renault’s Alliance Ventures invests in California battery maker Enevate

Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has joined heavyweights LG Chem and Samsung in investing in Enevate, a battery technology company based in Irvine, California. Enevate licenses its HD-Energy technology, which is designed to offer fast charging times, superior low-temperature operation and low cost, to various battery and EV manufacturers and suppliers worldwide…. Read more »

VW chooses SK Innovations as additional battery supplier for North America and Europe

The Volkswagen Group has added South Korean battery cell manufacturer SK Innovation (SKI) to its stable of battery suppliers. SKI will supply the batteries for VW’s North American sales and a portion of the batteries for its European pure EVs. VW’s Roadmap E strategy calls for the Group to bring 50 new fully electric models… Read more »

Chinese lithium producer will supply a fifth of its production to Tesla

One of China’s top producers of lithium has agreed to supply a fifth of its lithium hydroxide production to Tesla’s battery suppliers. The agreement with Jiangxi-based Ganfeng Lithium runs from 2018 to 2020, and could be extended by three years. EV-makers have been scrambling to secure supplies of lithium for the past couple of years…. Read more »

2019 Audi e-tron feels like the real thing

This time, it feels different. We long-suffering EV journalists have been snookered time and again – automakers have launched new EVs, and we’ve covered them with enthusiasm and optimism, only to be disappointed when the companies failed to market them, and turned them into low-volume compliance cars. Ford, Volkswagen, Mercedes, Kia, Audi and others have… Read more »

A look at Lucid Motors: Q&A with CTO Peter Rawlinson

The legacy automakers are slowly and methodically developing new EVs, with various levels of enthusiasm, but the most ambitious plans for new vehicles are coming from a handful of EV startups. Most of these pioneers of the new auto industry share a formula: deep-pocketed investors (many from China), former Tesla employees on staff, and plans… Read more »

VW secures battery supplies to support major EV expansion

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 »

Ricardo to integrate 800 V electric powertrain for Fisker EMotion

Fisker has selected global engineering firm Ricardo to integrate the electric powertrain for the upcoming Fisker EMotion. The partnership will include integration of Fisker’s proprietary charger, battery pack and e-axle systems. The EMotion powertrain, including the motors, inverters and power electronics, is based on an 800 V architecture, which, according to Fisker, delivers many benefits,… Read more »