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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Ionic Materials emerges as a leader in solid-state batteries by focusing on polymer science
Mike Zimmerman, CEO and founder of Ionic Materials, has this to say about his company: “Ionic will play a major role in the solution to the world’s energy problems.” That’s a pretty bold statement. But then again, Mike Zimmerman is a pretty bold man. An experienced polymer scientist, Zimmerman has worked on a number of… Read more »
Intel, Mobileye and Tesla’s stock price
Intel’s recent acquisition of Mobileye, an Israeli provider of autonomous driving technology, for $15 billion, has three interesting implications. The first is obvious: self-driving tech is expected to be huge, and companies are busily investing money and R&D efforts to position themselves as players. The second point, also apparent to observers in the tech world… 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 »
Chroma Systems Solutions invests in the next generation of EV testing products
One major challenge that the EV industry has had to overcome is figuring out how to test its new products. No matter how great and innovative you think your new design is, if you can’t adequately test it, how do you know it’s truly great? Until recently, there were no standard operating procedures for testing… 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 »
Porsche considers Bosch, Panasonic to supply EV batteries
An electric Porsche based on the Mission E concept shown at the Frankfurt auto show is in the production pipeline, and the company is considering bids from Panasonic and Robert Bosch to supply the battery, Bloomberg reports. According to anonymous sources, Panasonic’s package would be cheaper, but Porsche’s neighbor Bosch would offer simpler logistics. “We’re… Read more »