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electric vehicles

BP invests in batteries for China’s ‘new energy’ market

Thu, 08/16/2018 - 09:24 -- John Shepherd

Oil multinational BP is investing US$10 million in a fund aimed at powering the expansion of battery production and R&D for China’s new energy vehicle (NEV) industry.

The oil giant’s investment arm, BP Ventures, is investing in the NIO Capital US Dollar Fund to support work into “new materials including batteries, electric vehicles and related technologies, new energy infrastructure”.

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India cuts lithium-ion tax ‘to boost battery investments’

Tue, 08/07/2018 - 12:01 -- John Shepherd
India cuts lithium-ion tax ‘to boost battery investments’

The tax rate on lithium-ion batteries in India has been reduced from 28% to 18% in a bid to boost the country’s electric vehicle industry.

The cut announced by the Goods and Services Tax Council (GST), which was set up by the Indian government, was not as much as had been expected.

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Hyundai backs solid-state with Ionic investment

Wed, 07/18/2018 - 09:28 -- Xuan Zhong
Hyundai backs solid-state with Ionic investment

South Korean car giant Hyundai has made an undisclosed investment in US-based Ionic Materials’ development of solid-state battery tech for electric vehicles (EV).

The investment by Hyundai’s business innovations arm— Hyundai Cradle— will keep the car firm “at the forefront of battery development, allowing us to build better eco-friendly vehicles”, said vice-president John Suh.

 

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US auto battery pack firm to open European hub

Fri, 07/13/2018 - 09:53 -- Xuan Zhong
US auto battery pack firm to open European hub

US-based advanced automotive battery pack ‘remanufacturer’ Spiers New Technologies (SNT) is opening a European ‘hub’ in the Netherlands.

SNT said it will use the site at Ede to service automotive OEMs in Europe’s electric vehicle (EV) market.

 
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Battery tech investors ‘face betting on wrong horse’, says report

Wed, 07/11/2018 - 14:07 -- Xuan Zhong
Battery tech investors ‘face betting on wrong horse’, says report

Battery makers will need to work as part of “innovative ecosystems” to successfully launch new technologies onto the market, according to a new report.

The report by consulting firm Arthur D Little said “no single company will be able to come out on top without the support of an intricate and dynamic innovation ecosystem made up of partners, start-ups and institutes”.

 

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BMW batteries deal with CAT short-circuits EU

Tue, 07/10/2018 - 12:06 -- Xuan Zhong
BMW batteries deal with CAT short-circuits EU

BMW has placed a “billion euro” order for electric vehicle batteries from China— because the firm ‘can’t wait’ for Europe to build a battery cells industry, according to its chairman.

Harald Krüger’s (pictured) announcement of a deal with Chinese lithium battery giant Contemporary Amperex Technology (CATL) is the clearest signal yet that Germany could break ranks with the EU over plans to create a European Batteries Alliance to compete with Asia. 

 

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Chems firms set to benefit from UK’s batteries push, says report

Thu, 07/05/2018 - 12:21 -- Xuan Zhong
Chems firms set to benefit from UK’s batteries push, says report

The UK has a “massive opportunity” to develop a GBP2.7 billion ($3.5bn) chemicals industry and supply chain on the back of investing in electric vehicle battery manufacturing, according to a new study.

WMG, an academic department of the University of Warwick, said in its report released on 25 June UK companies are “well-placed to supply valuable materials needed for batteries to be built in UK”.

 

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Exide Industries-Leclanché in Li joint venture for India

Mon, 07/02/2018 - 12:22 -- John Shepherd
Exide Industries-Leclanché in Li joint venture for India

India lead-acid manufacturer Exide Industries is teaming up with Swiss battery storage firm Leclanché in a new lithium joint venture targeting the Indian market.

The partnership will focus on building lithium-ion batteries for electric vehicles (EVs), stationary energy storage systems and “speciality storage markets”.

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BYD builds giga dream with ‘world’s largest’ auto battery plant

Mon, 07/02/2018 - 12:19 -- Xuan Zhong
BYD builds giga dream with ‘world’s largest’ auto battery plant

China’s BYD has opened the “world’s biggest auto batteries plant”— as part of a reported multi-billion dollar investment to expand its domestic battery-making capacity to 60 gigawatt-hours within three years.

BYD— which stands for ‘build your dreams’— said the six-square-kilometre plant in Qinghai Province— “equivalent in size to around 140 football pitches”— will itself have a 24GWh production capacity when it ramps up to full capacity next year.

 

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GM and Honda drive ‘next-gen batteries’ project

Fri, 06/22/2018 - 09:47 -- Xuan Zhong
GM and Honda drive ‘next-gen batteries’ project

General Motors and Honda have formed a new partnership— to develop next-generation batteries for pure electric vehicles (EVs).

The car firms said their new “multi-year” venture is expected to develop “advanced” chemistry battery components, including battery cells and modules for next-generation battery systems to be used in GM’s EVs mainly for the North American market.

 

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