On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
The US Department of Energy along with General Motors and Rio Tinto are investing heavily in newer technologies that could potentially revolutionize the way lithium is produced for electric vehicle batteries. As of now, these technologies are yet to prove… Read More ›
As per sources, Tesla Inc has signed a nickel supply deal with Brazilian mining company Vale S.A. Following the Russian invasion of Ukraine, the price of nickel, essential to the making batteries for electric vehicles, has risen steadily. Recently, prices of… Read More ›
In a report Japan’s Nikkei said, Panasonic will begin producing its new lithium-ion battery for Tesla from 2023 and plans to invest around $705 million (80 billion yen) in production facilities in Japan. Panasonic’s new lithium-ion batteries is likely to make electric… Read More ›
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
In a significant development that marks the return of General Motors Co to the rare earth industry, the US automaker now plans on sourcing rare earth magnets for its future line of electric vehicles from new U.S.-based manufacturing facilities under two… Read More ›
On Monday, shares of LG Chem Ltd slid by nearly 10% following a statement by General Motors Co that it would recall an extra 73,000 Chevrolet Bolt cars, which use the South Korean firm’s batteries, months after a similar recall by Hyundai… Read More ›
In a statement, Chinese battery giant CATL said, it is planning a private share placement to raise up to $8.98 billion (58.2 billion yuan) to fund six projects aimed at boosting the production capacity of lithium-ion batteries. The development comes at… Read More ›
On Thursday, South Korea’s LG Energy Solution and Hyundai Motor Group said, they plan on setting up a joint venture (JV) in Indonesia which will produce batteries for electric vehicles (EV) and plan on investing $1.1 billion each, with both… Read More ›
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