Tuesday 27 February 2024
Huaweization of Chinese batteries sees EV makers search for plan b
Security concerns are causing EV manufacturers to decouple from Chinese battery makers.
Monday 26 February 2024
Li Auto CEO Li Xiang schools the Chinese government on US auto history
Li Auto CEO Li Xiang has urged Beijing to establish a system for automotive mergers and acquisitions.
Monday 26 February 2024
Indian EV vendors reduce prices amid declining lithium costs
Thanks to the declining lithium costs, EV makers in India are busy cutting the prices of their products, as EV suppliers are trying to gain market share ahead of the expected import duty reduction on EVs, which may open the door for the influx of foreign-made EVs.
Friday 23 February 2024
Leapmotor to pounce on Europe with boost from Stellantis
Stellantis is preparing to bring Leapmotor to Europe.
Friday 23 February 2024
Creating new EV charging vision: Q&A with Chander Electronics general manager Robert Lo
As one-sixth of new car buyers worldwide purchased EVs in 2023, the vehicle has gradually become part of people's daily lives. In September last year, Taiwan-based Chander Electronics released the island's first charging robot, E-Hero, to disrupt the market.
Thursday 22 February 2024
EU's battery recycling mandates spark surge in market potential
The EU Batteries Regulation, which came into force on February 18, 2024, mandates that new batteries must incorporate a specified proportion of recycled materials beginning in 2031. Originally projected to be below 4GWh by 2025, this legislation is poised to escalate Europe's battery recycling capacity to 200GWh by 2040, catalyzing scrutiny of the battery resource utilization market within the continent and prompting keen interest from stakeholders in South Korea.
Thursday 22 February 2024
SKT, MediaTek, Nota AI's data transmission breakthrough promises phone battery for days
South Korean SK Telecom (SKT), MediaTek, and Nota AI want to keep your phone charged for longer.
Thursday 22 February 2024
Volkswagen's lithium battery business finds an Indian friend
A tractor manufacturer has signed an agreement to use Volkswagen's lithium cells.
Wednesday 21 February 2024
Wireless charging for electric cars is inching closer to reality
Someday soon, plug-in cars may no longer need a plug. Electric car drivers would simply pull into a specialized parking space when it's time to power up, wait for a light on their dashboard to switch on, and then hop out of the car and go about their day.
Wednesday 21 February 2024
Thailand approves new incentives to lure battery cells makers
Thailand will offer new incentives to promote the local production of battery cells and the adoption of new-energy buses and trucks as it seeks to cement its position as a hub for EV manufacturing.
Wednesday 21 February 2024
Kinpo Group strengthens EV position as AcBel partners with ChargePoint
Taiwan-based AcBel Polytech, a power supply manufacturer under the Kinpo Group, announced on February 20 that it reached a critical collaboration agreement with California-based ChargePoint. The pair aims to develop highly efficient EV charging solutions together.
Wednesday 21 February 2024
Backed by 7 leading automakers, Ionna to begin charging service in 2024
Ionna, a charging service provider formed by seven leading carmakers, started operation in early February. The company plans to open its first US charging stations this year and expand to Canada later. It aims to deploy at least 30,000 chargers in the future and leverages renewable power to offer EV charging services.
Wednesday 21 February 2024
LGES 46800 battery reportedly to first power Tesla Cybertruck
South Korea-based LG Energy Solution has revealed a schedule for the volume production of its 46800 battery, which will likely first support Tesla. Media reported that EV makers Rivian and Mercedes-Benz have also expressed their interest in cylindrical batteries with a 46mm diameter and may partner with LGES.
Monday 19 February 2024
LGES to mass-produce 46800 battery as soon as August, likely supplies beyond Tesla
LG Energy Solution (LGES) will start the mass production of its 46800 batteries in August 2024 at the soonest. Besides Tesla, the battery maker has been in touch with other customers. While the industry is expected to see a slower battery market this year, LGES proceeds with joint projects with Hyundai Motor and General Motors.
Monday 19 February 2024
Samsung chairman visits Malaysia battery plants, aiming to increase investments
Samsung Electronics chairman Lee Jae-yong recently visited Malaysia to check the group's local battery production. He emphasized that it is critical to keep investing in the battery business, implying that Samsung SDI plans to increase investments while the EV market has slowed.
Thursday 15 February 2024
Mitsui Kinzoku triples down on solid-state battery investment
Mitsui Kinzoku has invested in solid-state battery production equipment once again.
Thursday 15 February 2024
Canada welcomes Taiwanese semiconductor industry to the North American semiconductor corridor
Canada is following in the footsteps of various countries to participate in the ongoing reshoring recalibrations for the semiconductor supply chains and develop its competitiveness in semiconductors.
Thursday 15 February 2024
BYD considers Mexico plant, eyeing the US market
China-based EV maker BYD will likely establish a production base in Mexico, which could help establish its presence in North America and facilitate its entry into the US later. As the company consolidates its position as the world's largest EV maker, BYD is expected to grow further in overseas markets in 2024.
Tuesday 13 February 2024
Only 30% of Chinese carmakers hit 2023 sales target after cut-throat price war
BYD released a forecast about its 2023 financial performance at the end of January. The EV maker's net profits will not meet the market-expected CNY31.5 billion (US$4.41 billion). While many China-based automakers reduced vehicle prices significantly in response to the fierce price competition, only one-third reached their sales target last year.
Friday 9 February 2024
A review of four major automotive technology trends at CES 2024
Mobility remained one of the highlights at CES 2024. This year, more companies focusing on autonomous driving, generative AI, EV charging, flying cars, drones, sensors, and micro-mobility joined the trade show.
Thursday 8 February 2024
China's involution pandemic threatens global innovation in solar, batteries, EVs
Relentless efforts by China's new energy companies to control their sectors by undercutting the competition at home and abroad prevent innovation as non-Chinese firms cut R&D budgets under intense competition pressures, and newcomers struggle to enter the market.
Wednesday 7 February 2024
Export data suggests South Korean battery industry is low on juice
South Korea's battery industry exports saw a further decline in 2023.
Wednesday 7 February 2024
US EV battery subsidy helps Panasonic create record-high net profits
The EV business brought significant profits for Panasonic Holdings. According to Panasonic, NHK, and Nikkei, the group saw its consolidated revenue grow by 1.2% from April to December 2023. Its consolidated operating profits increase by 37%. Moreover, the group's after-tax net profit reached JPY399.1 billion (US$2.73 billion), surging by 145% year-on-year.
Monday 5 February 2024
LGES, Hyundai reportedly to double battery production in Indonesia
As China-based BYD announced a US$1.3 billion investment in Indonesia, Hyundai Motor, which sees the country as a critical market, will likely take a countermeasure. The South Korean automaker will reportedly grow the production capacity of a battery plant built with LG Energy Solution (LGES) in the area.
Monday 5 February 2024
Nissan aims to mass-produce LFP batteries in 2026 for emerging markets
Nissan plans to manufacture the cheaper LFP batteries in Japan. Starting in 2026, the automaker will use the batteries to power EVs sold in emerging markets.
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