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Wednesday 8 May 2024
EV makers reportedly compensate South Korean battery companies due to declining procurement
EV manufacturers reportedly failed to purchase the minimum quantity of batteries stipulated by contracts as EV demand softens.
Tuesday 7 May 2024
Huawei's supercharging alliance to push for international standard
Huawei aims to install 100,000 charging piles in China in 2024.
Monday 6 May 2024
Toyota, Tata Motors positioned to benefit from hybrid auto boom
A rapidly growing, global market for hybrid electric vehicles should power earnings at major Asian automakers including Japan's Toyota Motor Corp. and India's Tata Motors Ltd.
Monday 6 May 2024
Samsung SDI-Stellantis US joint battery plant reportedly to begin production in November
Samsung SDI and Stellantis have been building a joint battery plant in the US to produce the South Korean company's sixth-generation prismatic battery, P6.
Monday 6 May 2024
US Treasury delays EV battery sourcing restriction, allowing use of Chinese graphite for two more years
The US Department of Treasury will grant EV makers a two-year extension for restrictions on some hard-to-trace battery materials, including China-dominated graphite. The move was...
Monday 6 May 2024
Samsung SDI expanding investment among weak 1Q24 results
Leading South Korea-based battery manufacturers LG Energy Solution, Samsung SDI, and SK On reported unsatisfactory financial performance in the first quarter of 2024 due to slow EV...
Friday 3 May 2024
Why did BYD's 1Q24 profits drop by 47.3% compared to previous quarter?
In the first quarter of 2024, BYD's net profit was CNY4.57 billion (approx. US$630 million), a year-on-year increase of 10.6%, but a significant decrease of 47.3% compared to the...
Thursday 2 May 2024
Tesla cuts charging team, reportedly scales back Gigacasting innovation
Ongoing layoffs at Tesla have hit the EV maker's charging team.
Tuesday 30 April 2024
Asahi Kasei to build large battery separator plant in Canada with US IRA subsidy support
Japan's Asahi Kasei has unveiled plans to construct an integrated plant in Ontario, Canada.
Tuesday 30 April 2024
Premium market, EV exports likely to drive BYD's sales
Chinese EV giant BYD saw weaker revenue and profit growth in the first quarter of 2024.
Tuesday 30 April 2024
Huawei, CATL grow their ecosystems to welcome EV supercharging era
Leading new energy players are establishing their supercharging alliances for EVs.
Monday 29 April 2024
Nio, Lotus collaborate on EV charging and battery-swapping technology
China-based Nio secured another car OEM partner.
Thursday 25 April 2024
Over 90% foreign production strikes South Korean battery exports
In 2023, South Korea saw the first decline in rechargeable battery exports in eight years. The industry suspected that the situation is related to major battery manufacturers like...
Wednesday 24 April 2024
Tesla's Musk warns Wall Street autonomous future is main goal
Tesla Inc. Chief Executive Officer Elon Musk couldn't have been more clear in his message to investors: Tesla is now an artificial intelligence company.
Wednesday 24 April 2024
Battery information sharing among Japan, EU, US aims to cut reliance on Chinese materials
Japan and the European Union have agreed to collaborate on a scheme to share information about battery material production locations and the supply chain. The move will help the two...