Report: Tesla might buy stake in LG Chem battery spinoff

2020 Tesla Model YTesla has close ties to Panasonic, but the automaker might buy a stake in a spinoff of a rival battery firm, according to a new report. Tesla is looking to acquire a significant piece of LG Energy Solution, soon to be spun off from LG Chem, to procure a stable battery supply, The Korea Times reported Monday. A major automotive battery supplier, LG...

Mercedes-Benz offering world-first solid-state batteries in city bus

Mercedes-Benz eCitaro G electric busAfter years of discussion and millions of dollars invested by automakers, Mercedes-Benz will put solid-state batteries into a production vehicle. However, that vehicle is not a car, but a bus. Mercedes announced Friday that its eCitaro and articulated eCitaro G buses will be available with optional solid-state batteries, alongside traditional...

GM interested in electric air taxi market

First flying car skyport in Miami, FloridaGeneral Motors is exploring the use of its Ultium modular battery system in electric air taxis, Reuters reported Tuesday. The report, based on information from two people familiar with the matter, follows GM CEO Mary Barra's brief reference to air taxis at a conference Monday. "The strength and flexibility of our Ultium battery system opens...

VW-backed solid-state battery firm QuantumScape is going public

Volkswagen ID Space Vizzion conceptQuantumScape, the decade-old solid-state battery startup backed by Volkswagen, is going public. This will be accomplished through a reverse merger with Kensington Capital Acquisition Corp., with an enterprise value of approximately $3.3 billion, the startup said in a press release Thursday. Kensington is a special-purpose acquisition...

In China, Nio wants to lease battery packs for the EVs it sells

Nio batteryChinese automaker Nio plans to offer customers the option of leasing the battery packs in electric cars. Announced in a press release Thursday, this "battery as a service" model involves purchasing the car outright, but paying a monthly fee for use of the battery pack. Nio plans to charge the equivalent of about $140 a month (at current exchange...