Chinese and Korean battery makers have signed deals to secure the “multi-billon-dollar” long-term supply of electric vehicle batteries for Swedish car firm Volvo.
Volvo said today the agreements with Contemporary Amperex Technology (CATL) and LG Chem would ensure supplies of lithium-ion batteries over the coming decade for its next-generation Volvo and Polestar models.
Four of the largest Japanese manufacturers are to jointly consider launching standardised replaceable battery tech for electric motorcycles in a potential game-changing move for the industry.
Honda, Kawasaki, Suzuki and Yamaha have formed a consortium to consider launching standardised batteries and replacement systems as part of plans to boost the popularity of electric bikes.
Honda is to launch an “energy management solutions” business in partnership with UK-based battery tech company Moixa.
The partnership will utilise Moixa’s ‘GridShare’ batteries aggregator technology to “create additional value for electric vehicle (EV) customers and power system operators”.
Honda announced at this week’s Geneva Motor Show that it has also increased its ambitions in the transition toward EVs— and now intends to move 100% of its sales to electrified powertrains by 2025, up from the goal of two-thirds that was announced in 2017.
Japanese car giant Honda is investing in a batteries production line for a planned hybrid electric vehicle (HEV) manufacturing programme in Thailand.
Honda said the equivalent of around $160 million will be needed to pave the way for commercial production of locally made hybrid electric vehicles and batteries in Thailand, according to the Bangkok Post.