Following substantial increases in 2022, EV battery prices are falling again, according to new analysis from Bloomberg New Energy Finance (BNEF). Lithium-ion battery pack prices have fallen 14% this year to a record low of $139 per kwh, BNEF reported this week. This was driven by decreases in raw-material and component prices, as well as...
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
Electric vehicles really are better for the environment than hybrid vehicles that have both gas and electric motors.
The company said it would build three electric models at its plant in northeast England, bolstering the future of Britain’s auto industry.
Stellantis and battery supplier CATL on Tuesday signed a memorandum of understanding that could pave the way for more affordable EVs in Europe. The non-binding memorandum outlines the supply of lithium iron phosphate (LFP) battery cells and modules by CATL to Stellantis for European production within an unspecific timeframe. The two companies are...
A battery plant in Michigan will be smaller than planned, Ford said, citing slower E.V. demand than expected, as well as labor costs.
Toyota and battery-recycling firm Redwood Materials on Thursday announced an expansion of their previous agreement that will see Toyota source battery materials from Redwood for future battery production. Toyota announced plans to work with Redwood on recycling of battery materials in June 2022. But it's now confirming plans to also source...
The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.
An employee who was fired after expressing safety concerns leaked personnel records and sensitive data about driver-assistance software.
The electric vehicle brand Polestar has announced that it plans to make the first EV with extremely fast-charging, semi-solid-state battery cells from the tech firm StoreDot. The announcement was made as part of a Polestar Day event held in Los Angeles on Thursday, where the companies demonstrated both the charging of StoreDot’s...
Hyundai is developing a new generation of lithium iron phosphate (LFP) batteries for affordable EVs, The Korea Herald reported this week. The automaker is undertaking a two-year joint venture with battery makers based in its home country of South Korea that aims to see development work on LFP batteries completed in 2024, and for the batteries to...
The Polestar 5 will use massive battery cells from supplier SK On that the automaker claims will maximize efficiency and range. Polestar announced SK On as the battery supplier for the 5, which is due in 2024 at a price of more than $100,000 Monday, also confirming that the new flagship EV will use high-nickel cells measuring about 22 inches long...
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
When not driving around, electric buses and other vehicles could help utilities by storing their solar and wind energy and releasing it to meet surges in demand.
America needs to invest in mining and build resilient supply chains for the building blocks of electric batteries.
How a small plane’s 16-day trip from Vermont to Florida might foreshadow a new era of battery-powered air travel long considered implausible.
Toyota on Tuesday announced an expansion of its planned North Carolina battery plant to accommodate additional volume for EVs and plug-in hybrids. A new investment of nearly $8 billion will add eight EV and plug-in hybrid battery production lines to the two previously announced, Toyota said in a press release. Toyota previously announced that the...
Ford is delaying production at one of two EV battery plants located on a common site in Kentucky, the Louisville Courier Journal reports. Citing lower-than-expected demand for EVs, Ford will continue production of the two plants comprising the BlueOval SK Battery Park, a joint venture with battery supplier SK On in the state that's being financed...
With tentative agreements in place, a six-week strike against Ford, General Motors and Stellantis could soon come to an end. But the union’s rank-and-file members still need to approve the deals.
