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Panasonic sells stake in long-term partner Tesla for $3.6 billion

Tue, 07/13/2021 - 08:53 -- Paul Crompton
Panasonic cells and Tesla car

Tesla’s lithium-ion battery maker Panasonic has sold its entire stake in the US electric vehicle OEM for almost $3.6 billion, reports Japanese business news outlet Nikkei.

Panasonic has said the sale will pay for its $7 billion acquisition of artificial intelligence software developer Blue Yonder, reported Nikkei.

Panasonic bought 1.4 million Tesla shares for about $30 million in 2010. Those stocks rose to $730 million at the end of March 2020, and by 24 June closed at $679.82 apiece.

Japanese firm Panasonic has been a long-term supplier of batteries to Tesla.

Last year, the pair signed a three-year pricing deal relating to the manufacture and supply of 2170 lithium-ion battery cells manufactured at its gigafactory in Nevada, US.

Panasonic said it would increase the energy density of its 2170 cells by 20% within five years and commercialise a cobalt-free version within three years.

The stock sell-off came in the same week China battery maker CATL extended a battery supply deal with Tesla to 2025.

Tesla entered into a partnership with South Korea’s LG Chem and China’s CATL in January 2020 as it looked to secure a lithium-ion battery supply for its electric cars at its Gigafactory 3 plant in Shanghai.

CATL signed a two-year battery supply agreement with Tesla, with the US firm determining the battery purchase volume, last July.

For more stories on Teslsa click here 

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BYD builds on its closed loop dream with second-life lithium-ion battery partnership

Tue, 01/05/2021 - 14:34 -- Paul Crompton

Chinese battery OEM and electric vehicle maker BYD will transform old batteries into energy storage systems through a partnership with Chinese lithium-ion recycling start-up Pandpower and Japanese trading house Itochu.

Old battery packs from buses, taxis and other vehicles manufactured by BYD will be collected from dealerships across China and turned into ship-container-sized power units for renewable energy and factories.

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Japan discover cobalt supply that could feed its lithium-ion battery making demand for 88-years

Tue, 08/25/2020 - 14:31 -- Paul Crompton

Japan has announced the successful excavation of rare metals including battery critical materials cobalt and nickel from the seabed of its exclusive economic zone. 

The Japan Oil, Gas and Metals National Corporation (JOGMEC), commissioned by the Economy, Trade and Industry Ministry, excavated about 650kg of cobalt-rich crust in July, according to the country’s news outlet The Japan News.

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CATL and Honda sign agreement to develop new energy vehicle batteries

Thu, 07/16/2020 - 09:24 -- Paul Crompton

Battery maker Contemporary Amperex Technology (CATL) is partnering with vehicle OEM Honda to develop new lithium-ion batteries for use in electric vehicles as well as recycling. 

The agreement will strengthen the companies’ strategic partnership and allow both firms to conduct joint development on EV batteries and conduct joint R&D into fundamental technologies. 

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Japan utility aims to slash ESS cost by repurposing used EV battery lithium-ion packs

Thu, 07/09/2020 - 11:27 -- Paul Crompton

Japanese utility Tokyo Electric Power Co. Holdings (Tepco) is set to launch a storage business using used electric vehicle (EV) batteries from China, just weeks after establishing its wholly owned subsidiary Tepco Ventures to enter new business ventures.

The plan is to assemble up to 30 used EV battery packs into energy storage systems for use at renewable-energy plants, according to reports by news outlet Nikkei Asian review.

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EES firm NEC Energy Solutions to wind down operations as it sets to close

Thu, 06/25/2020 - 12:58 -- Paul Crompton

Lithium-ion energy storage system provider NEC Energy Solutions— the US subsidiary of Japan’s NEC Corp— is set to wind down operations.

The Massachusetts-based company is set to ‘orderly wind down’ by not seeking new business, but will finish projects under development, according to reports by media company Bloomberg. 

NEC had not replied to BEST's questions at the time of publication.

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Tesla signs three-year pricing and purchase volume deal with battery cell maker Panasonic

Wed, 06/24/2020 - 11:17 -- Paul Crompton

Tesla has signed a three-year pricing deal with Japan’s Panasonic Corp relating to the manufacture and supply of 2170 lithium-ion battery cells manufactured at its gigafactory in Nevada, US.

The electric vehicle and energy storage system maker made the announcement on 10 June.

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Space battery market to see strong growth as firms like SpaceX exploit the final frontier

Fri, 05/29/2020 - 11:32 -- Paul Crompton

As Elon Musk’s SpaceX company was preparing to send its first manned flight to the International Space Station (ISS), Japan was sending its final shipment of lithium-ion batteries to the low orbit station.

The batteries, produced by GS Yuasa Technology, were aboard the Japan Aerospace Exploration Agency's Kounotori 9 unmanned cargo vessel launched on May 21.

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Asahi Kasai wins lithium-ion patent case against two Chinese firms

Tue, 05/12/2020 - 15:12 -- Paul Crompton

Japanese firm Asahi Kasei has won a two-year lithium-ion separator patent infringement case against firms Shenzhen Xu Ran (旭冉) Electronic and Shenzhen Xu Ran (旭然) Electronic.

Asahi filed a patent infringement lawsuit based on the Chinese patent of separator for lithium-ion secondary battery (Patent No.: ZL200680046997. 8) with the Shenzhen Intermediate People’s Court in August, 2018.

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APB to make bi-polar lithium-ion batteries in Japan after securing IP from Nissan

Fri, 04/17/2020 - 11:42 -- Paul Crompton

Battery maker APB Corporation is preparing to mass-produce lithium-ion batteries in Japan after licensing technology know-how from vehicle OEM Nissan.

Backed by investment from major companies, Tokyo-based APB plans to build a factory manufacturing batteries using Nissan’s bipolar structure all-polymer technology.

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