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LG Chem ‘buys stake in nickel sulfate supplier’

Thu, 11/16/2017 - 10:56 -- Xuan Zhong
LG Chem ‘buys stake in nickel sulfate supplier’

LG Chem has reportedly invested KRW1 billion ($897,000) to acquire a 10% stake in South Korean nickel sulfate supplier company Kemco, with the aim of boosting its lithium-ion battery business for the electric vehicles market.

The South Korean tech firm will enter the batteries raw material business in the new year, the Maeil Business Newspaperquoted an unnamed LG Chem source as saying.

 
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China names new base for Nissan batteries

Thu, 10/26/2017 - 10:39 -- Xuan Zhong
China names new base for Nissan batteries

Zhenjiang in China is to be the new headquarters and production base for the now Chinese-owned Nissan electric vehicles batteries business, state media has reported.

The new Nissan batteries complex will be set up in the Zhenjiang New District in Jiangsu Province at a cost of around CNY12.5 billion ($1.9bn), according to China’s Xinhua News Agency.

 

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Panasonic plans Japan batteries expansion

Fri, 10/13/2017 - 09:46 -- Xuan Zhong
Panasonic plans Japan batteries expansion

Japanese tech giant Panasonic Corporation is stepping up domestic production of prismatic lithium-ion batteries to meet what it said is increasing demand for electric vehicles.

Panasonic confirmed it will open a production line for the batteries at a factory in Himeji, Hyogo Prefecture, although it declined to give details about planned production capacity.

 

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Dyson sweeps into EV race with battery tech investment boost

Thu, 10/05/2017 - 09:40 -- News Editor
Dyson sweeps into EV race with battery tech investment boost

UK entrepreneur and inventor of the Dyson vacuum cleaner, Sir James Dyson (pictured), has confirmed his company is accelerating its work on battery technology as part of a GBP2 billion ($2.7bn) programme to launch an electric vehicle (EV) by 2020.

A Dyson spokesperson told BBB that details of the project, including battery technology to power the EV being developed by the company, are being kept under wraps.

 

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Leclanché batteries to power EV fast-charging partnership

Wed, 09/27/2017 - 09:45 -- News Editor
Leclanché batteries to power EV fast-charging partnership

Switzerland-based energy storage firm Leclanché is teaming up with a Dutch company on a pilot batteries project aimed at creating a network of energy-efficient electric vehicle (EV) fast charging stations across Europe.

Leclanché said it will initially develop a battery storage system “using large-format lithium-ion batteries” at two unnamed locations for Fastned— which already operates 63 fast charging EV stations it has built in the Netherlands.

 

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‘EU needs Airbus-style consortium’ for batteries

Tue, 09/26/2017 - 09:51 -- News Editor
‘EU needs Airbus-style consortium’ for batteries

The EU’s energy chief has called for the creation of a Europe-wide consortium to support the battery industry— to prevent the EU “falling behind” in the race with China and other nations to power electric vehicles (EVs).

Maroš Šefčovič (pictured), the European Commission vice-president responsible for the ‘EU energy union’, said the bloc should invest in an “Airbus for batteries”— a consortium that he said could do for batteries what the European multinational does for the aircraft industry.

 

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Daimler joins investors in fast-charge firm StoreDot

Wed, 09/20/2017 - 10:17 -- News Editor
Daimler joins investors in fast-charge firm StoreDot

Israeli start-up StoreDot has raised a further $60 million to support the scaling-up of its electric vehicle (EV) fast-charge FlashBattery technology in a third round of funding led by the truck division of Germany’s Daimler.

StoreDot has said previously it was in talks with European and Chinese car OEM’s about its technology.

 

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VW unveils $60bn batteries investment plan

Tue, 09/19/2017 - 11:01 -- News Editor
VW unveils $60bn batteries investment plan

Volkswagen has announced plans to invest more than EUR50 billion ($60bn) in battery cells and related technology, towards the electrification of its entire model portfolio by 2030 “at the latest”.

CEO Matthias Mueller (pictured) said the group has already launched a global tender process to find manufacturing partners in China, Europe and North America— as VW will “need more than 150GWh of lithium-ion battery capacity annually by 2025 for its own e-fleet alone”.

 

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Swatch countdown to launch EV batteries for China’s Geely

Thu, 09/14/2017 - 10:00 -- News Editor
Swatch countdown to launch EV batteries for China’s Geely

Swiss watchmaker Swatch expects to get the green light for its newly-developed car batteries to be used in electric vehicles made by Chinese automaker and joint-venture partner Geely next year, according to a report.

Swatch confirmed earlier this year its Belenos Clean Power subsidiary had begun testing its prototype vanadium pentoxide cathode battery technology under an agreement with Geely.

 

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US utility drops nuclear for batteries

Thu, 09/07/2017 - 09:56 -- News Editor
US utility drops nuclear for batteries

US utility Duke Energy has announced proposals to invest a total of $6 billion in a package of “smarter energy” infrastructure projects including battery storage in Florida— after cancelling plans to build two nuclear plants.

Duke said its proposals, filed with the Florida Public Service Commission (FPSC), include a four-year plan to invest in a pilot 50MW battery storage scheme project, smart meters, grid modernisation and the installation of “more than 500” electric vehicle charging stations.

 

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