Umicore has announced that it holds a stake in solid-state battery specialist Solid Power, following Solid Power’s announcement of its intent to become a publicly listed company. Umicore built its stake through earlier Series A and B investment rounds. Solid Power also counts Ford, BMW, Hyundai and Samsung among its investors. The company claims that… Read more »
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2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs
The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. It will be a new and likely very competitive entry in what will soon become a crowded field of EVs in the popular “compact crossover” segment. It’s not the first such EV: the Ford Mustang Mach-E, Tesla Model… Read more »
Five companies produce almost all EV battery cells for the US market
Five companies (AESC, LG Chem, Panasonic, Samsung and SK Innovation) produced almost all the battery cells used in plug-in vehicles for the US market over the past decade. Total capacity produced was 75,933 MWh. Panasonic supplied 74% of all the cells, and a majority of these were installed in Tesla battery packs. A small percentage… Read more »
Mercedes-Benz acquires motor technology firm YASA
Mercedes-Benz has announced the acquisition of YASA, a manufacturer of electric drive technology. YASA will operate as a subsidiary of Mercedes-Benz, but will continue to operate from its headquarters in Oxford, England. YASA will provide electric motors for Mercedes-Benz’s AMG.EA electric platform, while continuing to supply existing automotive supercar customers. YASA says its proprietary axial-flux… Read more »
Canoo will locate its US mega microfactory in Oklahoma
Every company, in or out of the EV industry, seems to be want to build Gigafactories these days. Aspiring EV manufacturer Canoo is pursuing a different strategy, or at least a different terminology. The company plans to rely on several “mega microfactories,” and has now announced that the first will be built near Tulsa, Oklahoma…. Read more »
Lincoln plans to electrify entire lineup by 2030
To celebrate its 100th anniversary next year, Ford’s luxury brand Lincoln will debut its first global fully electric vehicle, the first step in a plan to electrify its entire portfolio of vehicles by 2030. Lincoln expects half its global volume to be zero-emissions vehicles by 2025. Ford has announced investment of $30 billion in electrification… Read more »
GM boosts EV investment, plans to build more US battery factories
GM has raised the stakes in what’s starting to look like a lively EV rivalry with Ford. The nation’s largest automaker now says it plans to invest $35 billion in electrification over the five years ending in 2025—the second increase in its announced figure in the last eight months. By 2025, GM plans to offer… Read more »
Study: Four of five new-car buyers can charge EVs at home
A recent survey of new-car buyers suggests 4 of 5 will be able to charge an EV at home—making it even more critical that they understand how charging is actually done. If projections from major carmakers are to be believed, the bulk of electric cars that will travel on US roads in 2026 haven’t been… Read more »
Solid Power unveils all-solid-state platform technology
Solid Power, a producer of all-solid-state EV batteries, has unveiled details of its all-solid-state platform technology and the three battery designs it enables. The company also announced the transition of its high-content silicon all-solid-state battery to its Colorado-based production line. Solid Power’s proprietary sulfide solid electrolyte powers the all-solid-state platform, which can enable both high-content… Read more »
EV battery swapping: Better idea or big boondoggle?
Why is the idea of battery swapping so persistently popular in the mainstream press? Perhaps it’s because people who’ve never driven an EV imagine that it needs to be like driving a legacy vehicle, with periodic stops at public stations to quickly refuel. Those who are actually involved in the EV industry tend to be… Read more »