$2B DOE loan to Redwood Materials could boost US EV battery content

Redwood MaterialsBattery-recycling firm Redwood Materials may soon received a $2 billion loan from the U.S. Department of Energy (DOE) to expand its operations. The DOE on Thursday made a conditional commitment for the loan, which would go toward a $3.5 billion recycling and remanufacturing facility in Nevada, according to a Reuters report. The loan, which must...

Report: Small VW EV, battery plant considered for North America

2021 Volkswagen ID.4Volkswagen has approved an EV slotting below the ID.4 for the North American market, and it's considering a battery plant in Ontario, according to German business daily Handelsblatt. The report notes five recent entries in the Canadian province's Registry of Lobbyists for VW, including one that mentions CEO Oliver Blume, who last year said that...

Study: Smaller EV batteries would lessen lithium-mining mess

CATL Evogo battery swappingReducing the size of EV batteries and generally lowering levels of car ownership and use could have a significant environmental impact by cutting messy lithium mining, according to a new study commissioned by the Climate and Community Project, a climate policy think tank. The study, using UC Davis research (and first spotted by Green Car...

Tesla’s Nevada Gigafactory expansion: Batteries for 1.5M EVs annually

Artist's impression of upgraded Tesla plant near Reno, NevadaTesla has confirmed a $3.6 billion expansion of its Nevada battery "Gigafactory" that the company claims will supply over one million EVs annually. The investment will add 3,000 new jobs and two new factories at the Sparks, Nevada, site, Tesla said in what reads as a press release—with a few more details confirmed as part of Tesla's...

Chinese startup might soon make EVs with cell-to-chassis tech

CATL cell to pack battery tech sketchA Chinese startup plans to ditch battery packs entirely and integrate cells directly with an EV's chassis. With this goal in mind, Neta Auto on Wednesday announced a cooperative agreement with battery supplier CATL to use the latter's cell-to-chassis tech, branded as Integrated Intelligent Chassis (CIIC). In a press release, Neta said it would be...

DOE: In 2022 money, EV battery costs have kept falling

Mercedes-Benz Alabama battery factoryMany analyses have shown that EV battery costs stopped decreasing in 2022, putting off affordability goals. But the U.S. Department of Energy (DOE) recently issued a reality check. Based on 2022-constant dollars, battery costs actually continued falling last year at the pack level, because of accelerated inflation, according to DOE estimates. The...

BMW aims to build solid-state EV batteries under license

2023 BMW i7 xDrive60BMW has licensed solid-state battery cell designs and manufacturing processes from Colorado-based Solid Power, taking the partnership between the two companies up a notch. The automaker, which began partnering with Solid Power in 2017, will install copies of the firm's solid-state cell pilot production lines at its facilities in Germany, and Solid...

$2.5B DOE loan backs GM’s Ultium EV plan

Possible electric Chevrolet Camaro in GM Ultium teaser videoThe U.S. Department of Energy confirmed Monday morning a $2.5 billion federal loan to Ultium Cells LLC, for financing the construction of plants to supply many millions of future GM electric vehicles. The loan will fund the construction of joint-venture GM and LG Energy Solution battery plants in Ohio, Tennessee, and Michigan, and the confirmation...

Tech update may boost range of future Hyundai and Kia EVs

2023 Hyundai Ioniq 5Hyundai and Kia EVs may soon get new silicon-carbide power modules aimed at boosting range. Semiconductor firm STMicroelectronics (ST) said last week in a press release that it has been chosen by Hyundai to supply its silicon-carbide power modules for EVs based on the automaker's E-GMP platform, which underpins the Hyundai Ioniq 5, Kia EV6, and...

EV battery cost soared in 2022, hampering EV affordability

Mercedes-Benz Alabama battery factoryEV battery costs have soared in 2022 due to rising raw material and battery component prices, according to a Bloomberg New Energy Finance (BNEF) report. The volume-weighted average for lithium-ion battery pack prices reached $151/kwh this year, a 7% increase over 2021, according to the report. It marks the first time average pack prices have...