Nio and CATL ally for longer-life EV batteries, swapping tech

2025 Nio ET9Chinese automaker Nio is partnering with battery supplier CATL for research into longer-life EV batteries, including for use with Nio's battery-swapping service. The two companies "will jointly carry out discussions, make technological breakthroughs and innovation, and promote product applications," according to a Nio press release, with CATL...

20-year EV battery, 9-minute charging in Samsung SDI roadmap

Samsung logoSamsung SDI this week presented a battery-development roadmap with ambitious performance targets for charging, energy density, and battery life. On the charging front, the company believes it can begin mass-producing battery cells capable of being charged from 8% to 80% in just nine minutes by 2026. This will be made possible by "optimizing...

Analysts: 40% drop in 2023-2025 EV battery prices will boost sales

Mercedes-Benz Alabama battery factoryA number of factors may be converging to lower EV battery prices, which in turn could boost EV demand, according to new analysis from Goldman Sachs. Analysts expect nearly a 40% decline in EV battery prices between 2023 and 2025, and for EVs to "reach breakthrough levels in terms of cost parity" with internal-combustion vehicles in some markets as...

Here’s why in a few years EVs may not cost more than gas models

Lithium SaltsLithium supply may soon exceed demand for use in EV batteries, potentially bringing price parity with internal-combustion vehicles later this decade, according to a new study from the International Council on Clean Transportation (ICCT). New emissions rules proposed by the EPA are expected to boost EV sales to 67% of total U.S. new-car sales by...