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VW ups Quantumscape investment for solid-state batteries

Mon, 06/25/2018 - 11:11 -- John Shepherd
VW ups Quantumscape investment for solid-state batteries

Volkswagen is investing $100 million to increase its stake in US battery start-up Quantumscape and “accelerate” commercialisation of innovative solid-state battery technology.

VW said the deal, which is subject to regulatory approvals, will make it Quantumscape’s largest automotive shareholder and will give the car giant a seat on the board.

 

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Sion Power readies for Licerion batteries launch

Mon, 02/19/2018 - 12:00 -- John Shepherd
Sion Power readies for Licerion batteries launch

Arizona-based Sion Power is to launch production of its patented Licerion Ion rechargeable lithium metal batteries by the end of this year from a facility at its base in Tuscson.

The privately-owned firm is targeting the electric vehicles and unmanned aerial vehicles market with its “ultra-high energy density” battery tech.

 

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Toyota invests in lithium producer Orocobre

Mon, 02/19/2018 - 11:47 -- Xuan Zhong
Toyota invests in lithium producer Orocobre

Japanese car giant Toyota has confirmed plans to acquire a 15% stake in Australian-based lithium mining company Orocobre with an estimated investment of AUD292 million ($229m).

The move will help secure stable supplies of a key mineral for future electric vehicle batteries to meet anticipated market demand, Toyota said.

 

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Mass EV markets are still a long way off— Anderman

Mon, 02/05/2018 - 10:58 -- News Editor
Mass EV markets are still a long way off— Anderman

Electric vehicle penetration at 20% of the global car fleet will not be reached by 2025, according to Menahem Anderman (pictured), the renowned battery and EV market analyst.

Speaking at AABC Europe, part of a conference series Anderman founded nearly 20 years ago, he said the age old arguments of lithium-ion battery costs remain the key barrier to market, though pack size and range have changed enormously in the last five years. Auto OEMs are offering a plethora of battery-powered vehicles with more than 180 available across the globe with the great majority being made in China.

 

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Canadian solid-state licensing deal for China

Mon, 01/29/2018 - 11:08 -- John Shepherd
Canadian solid-state licensing deal for China

Solid-state lithium battery technology developed by a Canadian utility has been licensed for use in electric vehicle batteries made for the Chinese market.

Hydro-Québec said the licensing deal with Dongshi Kingpower Science and Technology includes cooperating on building a pilot battery assembly line at Kingpower’s factory in China.

 

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Continental ‘mulling solid-state batteries’ move

Tue, 11/21/2017 - 14:03 -- Xuan Zhong
Continental ‘mulling solid-state batteries’ move

German automotive supplier Continental is reportedly mulling investments in solid-state battery production in a bid to compete with electric vehicle battery manufacturers in the US and Asia.

CEO Elmar Degenhart (pictured) was quoted as telling German trade publication Automobilwoche: “We could well imagine getting into the production of innovative batteries. That also goes for producing battery cells.”

 

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CATL plans $1.98bn IPO for domestic battery sites

Mon, 11/20/2017 - 10:32 -- Xuan Zhong
CATL plans $1.98bn IPO for domestic battery sites

Chinese lithium battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a CNY13.12 billion ($1.98bn) initial public offering to expand its automotive battery business.

CATL said in a Shenzhen Stock Exchange announcement the move will ensure the firm keeps pace with the rapidly-expanding electric vehicle and energy storage markets.

 

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Chinese car firm signs lithium supply deal

Tue, 10/10/2017 - 10:53 -- Xuan Zhong
Chinese car firm signs lithium supply deal

Chinese car marker Great Wall Motor Co Ltd., said it has taken a 3.5% stake in Australian lithium miner Pilbara Minerals Ltd., to help secure supplies of a key mineral for its electric vehicle development plans.

Great Wall said it would take the equity interest in Pilbara for around AUD28 million ($22m) through its wholly-owned Hong Kong-registered subsidiary Billion Sunny Development Ltd.

 

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Camel invests in Croatian battery tech start-up Rimac

Mon, 10/02/2017 - 13:57 -- News Editor
Camel invests in Croatian battery tech start-up Rimac

Chinese battery maker the Camel Group is investing EUR30 million ($35.3m) in Croatian electric vehicle technology firm Rimac Automobil.

Zagreb-based Rimac, whose products include battery packs and battery management systems for the automotive, nautical and bicycle markets, said the deal represented the “single largest foreign direct investment in a Croatian technology company”.

 

 

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Panasonic expects profit from Tesla batteries by year-end

Wed, 08/09/2017 - 09:28 -- News Editor
Panasonic expects profit from Tesla batteries by year-end

Electronics giant Panasonic expects to see a profit from Tesla’s Model 3 batteries by the end of the year.

Panasonic began battery cell production for the mass-market electric vehicle at their $5 billion Gigafactory in Nevada, USA, in June. 

 

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