Korean firm SK Innovation estimates that a pair of factories on a common site in Commerce, Georgia, will build batteries for 300,000 electric cars annually once full capacity is reached. On Monday the company announced the first hires for the Georgia site, saying it planned to create 1,000 jobs by 2021 and over 2,600 jobs by 2024. The two stages... SK Innovation’s Georgia plants will make batteries for 300,000 EVs annually
Korean firm SK Innovation estimates that a pair of factories on a common site in Commerce, Georgia, will build batteries for 300,000 electric cars annually once full capacity is reached. On Monday the company announced the first hires for the Georgia site, saying it planned to create 1,000 jobs by 2021 and over 2,600 jobs by 2024. The two stages... 
Ahead of Tesla’s Battery Day event, to be held Tuesday, September 22, CEO Elon Musk Monday explained via Twitter that while it plans to increase battery cell purchases from Panasonic, LG, CATL, and perhaps other partners, it still anticipates battery shortages starting in 2022 “unless we also take action ourselves.” At the event... 
General Motors is exploring the use of its Ultium modular battery system in electric air taxis, Reuters reported Tuesday. The report, based on information from two people familiar with the matter, follows GM CEO Mary Barra's brief reference to air taxis at a conference Monday. "The strength and flexibility of our Ultium battery system opens... 
Hyundai and South Korean battery manufacturer SK Innovation are teaming up on EV battery leasing—or at least the need for it. The two companies hope to develop an "ecosystem" that includes reuse of battery packs for stationary energy storage, as well as recycling, Hyundai said in a press release Tuesday. This "battery as a service" model... 
QuantumScape, the decade-old solid-state battery startup backed by Volkswagen, is going public. This will be accomplished through a reverse merger with Kensington Capital Acquisition Corp., with an enterprise value of approximately $3.3 billion, the startup said in a press release Thursday. Kensington is a special-purpose acquisition... 
Several automakers are planning their own battery factories to support increased electric-car production, but Ford isn't one of them. The automaker sees "insufficient scale" for its own battery factory to make financial sense, and will continue sourcing batteries solely from suppliers, according to an Automotive News Europe report. The report... 
Chinese automaker Nio plans to offer customers the option of leasing the battery packs in electric cars. Announced in a press release Thursday, this "battery as a service" model involves purchasing the car outright, but paying a monthly fee for use of the battery pack. Nio plans to charge the equivalent of about $140 a month (at current exchange... 
The coronavirus pandemic will slow global EV sales growth, but electric cars will reach a significant affordability target earlier than expected, according to a new report from research firm Wood Mackenzie. "The projected price of battery packs keeps dropping," researchers said, anticipating that the price of battery packs will drop below $100 per... 
As European automakers ramp up production of electric cars, a new company aims to supply them with batteries. French startup Verkor plans to open a battery factory in its home country in 2023, with an initial annual production capacity of 16 gigawatt-hours, before expanding to 50 gigawatt-hours at a later date, according to Automotive News Europe... 
Chinese battery maker CATL is looking to boost the range of electric cars by packing batteries into vehicle frames, according to a Reuters report published Wednesday. Distributing battery cells throughout a car allows for more total cells, increasing energy-storage capacity and thus range. This will allow future electric cars to achieve a 500-mile...