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...
The batteries, also found in phones, laptops, toothbrushes and other items, have caused about 200 fires and six deaths in New York City this year, fire officials say. Here’s what to know about safety.
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...
While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.
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...
