Electric Cars Are Taking Off, but When Will Battery Recycling Follow?
Many companies and investors are eager to recycle batteries but it could take a decade or more before enough used lithium-ion batteries become available.
The 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...
Hyundai 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 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...
Hyundai and battery supplier SK On are partnering to meet the new battery sourcing requirements of the Inflation Reduction Act (IRA). The IRA continues the $7,500 federal EV tax credit, but to qualify for the full amount, it stipulates that EVs and their battery packs must be assembled in North America, and certain minerals used in batteries must...
LG Chem announced Tuesday that it’s planning a mammoth cathode material plant in Tennessee that will aid U.S. domestic electric vehicle battery production. According to LG, the plant will be the largest of its kind in the U.S., and once running at capacity it will be able to produce 120,000 tons of the cathode battery material—enough...
Norwegian battery firm Freyr recently confirmed plans for a Georgia factory that will supply batteries for energy storage. Dubbed "Giga America," the factory will be located on a 368-acre tract in Coweta County, on the western edge of the Atlanta metropolitan area, according to a Freyr press release. Production will be stepped up in phases, with a...
Bollinger Motors will source battery packs for its commercial EVs from Michigan-based startup Our Next Energy (ONE), Bollinger announced Thursday in a press release. Bollinger plans to use ONE's Aries line, which consists of cell-to-pack technology and a modular design that allows for linking multiple packs together, in its vehicles as an apparent...
Bollinger Motors will source battery packs for its commercial EVs from Michigan-based startup Our Next Energy (ONE), Bollinger announced Thursday in a press release. Bollinger plans to use ONE's Aries line, which consists of cell-to-pack technology and a modular design that allows for linking multiple packs together, in its vehicles as an apparent...
Bollinger Motors will source battery packs for its commercial EVs from Michigan-based startup Our Next Energy (ONE), Bollinger announced Thursday in a press release. Bollinger plans to use ONE's Aries line, which consists of cell-to-pack technology and a modular design that allows for linking multiple packs together, as an apparent replacement for...
Honda has established EV partnerships with General Motors and Sony, but the automaker is going it alone on solid-state battery tech. Honda plans to invest 43 billion yen ($290 million at current exchange rates) to build a demonstration solid-state battery production line in Sakura, a city in Japan's Tochigi Prefecture, slated to open in spring...
Vinfast on Monday signed a memorandum of understanding with CATL laying the foundation for use of the latter's cell-to-pack battery tech and skateboard chassis designs in future vehicles. "By leveraging CATL's cutting-edge batteries, Vinfast's innovative EVs will reach new heights in terms of range, safety, and intelligent driving," CATL said in a...
The White House on Wednesday detailed $2.8 billion in grants to build a domestic EV battery supply chain, but more of the funds in this allocation go toward projects in states opposed to climate action, and states for which legislators voted against the law. Part of the Bipartisan Infrastructure Law passed in 2021, the funding goes to 20 battery...
Honda and LG Energy Solution on Tuesday confirmed details of a joint-venture Ohio battery plant that will produce battery modules for North American-market Honda EVs beginning in 2025. Announced in 2022, the joint-venture plant will be located in Fayette County, about 40 miles southwest of Columbus, and aims for 40 gigawatt-hours of annual...