Hyundai explores battery leasing to lower EV prices, coordinate reuse

Hyundai Prophecy conceptHyundai is looking into battery leasing as a way to lower electric-car prices and ensure environmentally-conscious reuse of battery packs. The automaker on Thursday announced a memorandum of understanding with the South Korean government and partner companies to create an "ecosystem" around EV batteries, according to a press release. One of the...

BP partner StoreDot produces cells with 5-minute fast-charging tech

StoreDot sample batteriesIsareli startup StoreDot has long promised a Holy Grail of battery technology: a battery that can recharge in about the same amount of time it takes to pump gasoline. Now the startup is delivering the first samples of its so-called "five-minute charge" lithium-ion battery cells. The sample cells were produced to show off the technology to...