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Glencore bullish on boost for EVs, storage

Fri, 08/18/2017 - 10:07 -- News Editor
Glencore bullish on boost for EVs, storage

Switzerland-based mining and commodities giant Glencore has increased its earnings guidance for 2017 because of an expected “large scale” push for electric vehicles and energy storage systems.

CEO Ivan Glasenberg (pictured) said in half-year results released on 10 August the group had increase its full-year marketing adjusted earnings before interest and tax (EBIT) guidance by $100 million to between $2.4 billion and $2.7bn.

 

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GS Yuasa ‘to boost EVs’ range with new Li-ion tech’

Thu, 08/17/2017 - 09:17 -- News Editor
GS Yuasa ‘to boost EVs’ range with new Li-ion tech’

Japan's GS Yuasa, a major lead-acid battery maker, could start mass production of lithium-ion batteries that would double the driving range of small electric vehicles (EVs) by 2020, according to a report.

Japanese business journal Nikkei Asian Review said the batteries would allow a Mitsubishi Motors' i-MiEV small vehicle to travel up to 340km after charging – compared to around 170km at present. This would compare favourably with the driving range of a large EV or a petrol-fuelled vehicle, the journal claimed.

 

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Warning of overcapacity in China

Mon, 08/07/2017 - 10:12 -- News Editor
Warning of overcapacity in China

China’s automotive battery manufacturers face “a saturated market” in the next couple years, according to the China Daily newspaper.

“The Chinese power battery sector entered overcapacity status in 2016, and will be more excessive in 2018 or 2019,” said Zhang Junyi, partner of Nio Capital, an investment firm with links to electric vehicle company NextEV.

 

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Battery storage rise to fuel metals demand, says World Bank

Thu, 07/27/2017 - 09:40 -- News Editor
Battery storage rise to fuel metals demand, says World Bank

The global trend towards using clean energy systems such as battery storage technology will see “heightened demand” for minerals and metals including lead and lithium, according to a new World Bank report.

A shift to a low-carbon future “could result in opportunities for mineral-rich countries”, the report said. But it warned these nations must have “long-term strategies in place that enable them to make smart investment decisions”.

 

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Battery investment boost for Moixa

Thu, 07/06/2017 - 12:47 -- News Editor
Battery investment boost for Moixa

UK-based residential energy storage firm Moixa has secured a total of £2.5 million ($3.2 million) in new investment towards its goal of creating “a virtual power plant and aggregating the capacity of 100,000 home batteries”.

The lion’s share of the investment, £1.5 million ($1.9 million), has come in equity investment including £500,000 ($649,000) from Japan’s Tokyo Electric Power Company (Tepco) and a further £500,000 ($649,000) from venture capital investment firm First Imagine Ventures.

 

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India’s EV carmakers to set up battery factories?

Tue, 06/06/2017 - 09:53 -- Xuan Zhong
India’s EV carmakers to set up battery factories?

The Indian government is considering incentivising domestic carmakers to set up their own lithium-ion battery plants in the country. The idea is to lower the cost of electric vehicles in India and make local cars more competitive.

It’s part of India’s plans to push the sales and production of electric vehicles in the country through schemes such as FAME-India (Faster Adoption and Manufacturing of (hybrid &) Electric vehicles in India).

 

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German car giant builds gigafactory

Tue, 05/30/2017 - 11:35 -- Xuan Zhong
German car giant builds gigafactory

The casing of a vehicle battery has been laid as the foundation stone for a massive new battery factory being built in Germany. Showing the importance of the €500 ($550) million factory to Germany’s electric car and renewable energy industries, German Chancellor Angela Merkel attended the ceremony at Daimler’s subsidiary, ACCUMOTIVE, in Kamenz.

ACCUMOTIVE’s second factory for lithium-ion batteries in the small town, about 25 miles (40km) northeast of Dresden, is scheduled to go into operation mid-2018.

 

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Mercedes-Benz drive to sell home-storage batteries

Tue, 05/02/2017 - 11:56 -- Xuan Zhong
Mercedes-Benz drive to sell home-storage batteries

Mercedes-Benz is driving the lithium-ion battery technology used to power thousands of hybrid and fully electric vehicles into homes for a new range of stationary energy storage units.

Up to eight Energy Storage Home wall-mounted or floor-standing battery modules, with an energy content of 2.5kWh each, can be combined to produce an energy storage unit with a capacity of up to 20kWh, the company said.

 

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Hyundai goes it alone on batteries

Thu, 04/13/2017 - 09:45 -- Xuan Zhong
Hyundai goes it alone on batteries

Hyundai Motor is developing solid-state lithium batteries which are claimed to be safe from explosions for its electric vehicles.

The company has reportedly developed pilot-scale battery production facilities, sources close to the matter said, comparing the move to an approach taken by the automaker’s Japanese rival Toyota, according to the Korea Herald Newspaper.

 

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A £10.8M ($13.4M) SEI project in southwest England

Tue, 03/21/2017 - 10:09 -- Xuan Zhong
A £10.8M ($13.4M) SEI project in southwest England

UK home energy storage system firm Moixa has announced a project on the Isles of Scilly that aims to drive adoption of electric vehicle use and renewable energy generation by 2025.

The firm’s lithium iron phosphate battery allows buildings with solar panels to use more of the power they generate during the Smart Energy Island (SEI) project.

 

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