Hyundai Motor Group and SK On Co. will spend as much as $5 billion in North America for the production of electric car batteries as President Biden's green bill encourages companies...
Volkswagen aims to break ground on its largest battery plant to date in 2024. The carmaker said it will invest EUR4.8 billion (US$5.28 billion) in the battery project in Canada by...
Indonesia is expecting more international investment to inject into its EV segment. PowerCo, Volkswagen's battery subsidiary, has expressed interest in building a battery ecosystem...
Honda Motor and Posco Holding are looking to form a comprehensive partnership to facilitate the former's EV ambition. The duo said on April 11 that they are exploring possible collaboration...
The China Passenger Car Association (CPCA) recently released its February 2023 insights report on the three electrical systems (motor, battery, control) of China's new energy vehicles...
China-based battery maker CATL continues to consolidate relationships with automotive OEMs. The company signed an agreement with Beijing Automotive Group (BAIC) on March 13 to co-develop...
Hon Hai Precision Industry (Foxconn) expects to see its automotive product line generate revenue between NT$50 billion (US$1.63 billion) and NT$100 billion in 2023, up from NT$20...
Contemporary Amperex Technology Co. Ltd. is truly the undisputed electric vehicle battery-making king. It supplies a roll call of carmakers — from Tesla Inc. to Ford Motor Co.,...
Formosa Smart Energy Tech (FSET) has reportedly been approached by a major European carmaker with plans to jointly construct a lithium battery plant in the US.
The electric vehicle (EV) battery supply chain is bracing for a potential price war as a result of Contemporary Amperex Technology (CATL) reportedly offering lithium cost rebates...
South Korea-based research firm SNE Research recently released an analysis of non-Chinese global EV battery usage in 2022. LG Energy Solution topped the list again with a market share...
Ford has announced plans to invest US$3.5 billion in the construction of an automotive LFP battery plant in Marshall, Michigan, as well as a collaboration with China's Contemporary...
The US Inflation Reduction Act (IRA) is spurring the three major US automakers -- General Motors (GM), Ford and Stellantis -- to accelerate their developments for lithium batteries...
Automotive suppliers are shifting their business focus to adapt to the changing market. Magna International announced on Monday that it has secured new businesses from General Motors...
There are four types of players in EV race: Chinese automakers, traditional car brands, emerging auto companies and big techs. Let's explore the business strategies, market trends,...
