Panasonic sold its entire stake in key battery customer Tesla—worth an estimated $3.6 billion—last fiscal year, Nikkei Asia reported Friday. The move gives Panasonic funds for new strategic investments, such as the $7.1 billion purchase of logistics and supply-chain firm Blue Yonder, the report noted. It's an indication Panasonic could...
Volvo is partnering with fellow Swedish firm Northvolt on battery production. The two companies are launching a 50/50 joint venture that aims to start making batteries at a massive new factory in 2026. The joint venture will start with a Swedish research and development center, scheduled to open in 2022, according to a Volvo press release. That...
As the Volkswagen Group pivots to battery manufacturing, Porsche is taking on a new niche—battery cells for racing. The automaker announced Monday that it will invest a "high double-digit million amount" in a new corporate entity called Cellforce Group GmbH, which will produce high-performance battery cells as part of a joint venture between...
General Motors on Wednesday announced plans for two additional United States battery factories and new hydrogen fuel-cell projects as part of a $35 billion investment in green technology through 2025. The two newly-announced battery-cell plants will complement factories in Ohio (supplying the GMC Hummer EV and Chevrolet Silverado EV) and Tennessee...
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
Startup Ample is ramping up its battery-swapping plans, with an emphasis on fleet vehicles. Ample announced last week that it's partnering with Sally—a firm that organizes vehicle rentals for taxi, ride-sharing, and last-mile delivery services—to design and build battery-swapping stations in major cities like San Francisco, Los...
A swath of recommendations calls for more investments, new supply chains and less reliance on other countries for crucial goods.
The Biden administration will emphasize battery recycling as part of its electric-car plans, aiming to address supply issues, Reuters reported Friday. The recycling push is the result of a 100-day review of gaps in the supply chain of key areas, including metals used in batteries for EVs and consumer electronics, the report said. The...
Tesla Model Y electric cars built in China will soon start using a new battery chemistry from LG Chem, according to South Korean newspaper Business Korea (via Electrek). LG will supply NCMA (nickel, cobalt, manganese, aluminum) cathode material to Tesla for Chinese Model Y production beginning in July, the report said. This reportedly marks LG's...
Ford and the battery supplier SK Innovation on Thursday announced a joint venture, called BlueOvalSK, that will manufacture battery cells and arrays in the U.S. for future electric vehicles. The joint venture will produce 60 gigawatt-hours of cells annually by the middle of the decade, the companies said, with the potential to expand the business...
