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    Making waves in the autonomous driving industry: Wayve’s funding splash
    Wayve's recent funding represents the largest AI fundraising in the UK to date. One notable aspect of Wayve's approach to automated/autonomous driving technology is its focus on empowering a variety of manufacturers through its 'Embodied AI' technology. Unlike many competitors that rely heavily on high-definition maps and pre-programmed routes, Wayve utilizes a machine learning model that learns from vast amounts of data, simulating human learning. This adaptability enables Wayve's system to han...
    Navigating compliance costs: OEMs' dilemma in making legacy vehicles compliant with cybersecurity
    The implementation of the United Nations Economic Commission for Europe (UNECE) R155 cybersecurity regulation has ramifications for the automotive industry that are more immediate than one would ordinarily expect in the vehicle planning process. It has led to some shuffling of vehicle portfolios among original equipment manufacturers due to inputting cost-benefit scenarios into the vehicle planning process. Porsche's decision to discontinue sales of the internal combustion engine (ICE)-powered M...
    North American battery, EV supply chain investment grew to over $250 billion by end 2023: US DOE
    According to an official note published by the Office of Energy Efficiency and Renewable Energy, US Energy Department (US DOE) on July 15, the cumulative battery and electric vehicle supply chain investment in North America grew to more than $250 billion by the end of 2023. It said that the investment in battery and EV supply chains increased rapidly after the US government introduced the Bipartisan Infrastructure Law (BIL) on Nov. 15, 2021, and the Inflation Reduction Act (IRA) on Aug. 16, 2...
    Volkswagen launches new subbrand ID. UNYX for mainland Chinese market
    Volkswagen has introduced the ID. UNYX, the first model from its new subbrand with the same name, tailored specifically for the mainland Chinese market as part of its "In China, for China" strategy. This strategy emphasizes aligning Volkswagen's product offerings more closely with the preferences of mainland Chinese consumers. This launch is part of a broader initiative by Volkswagen, which includes the introduction of four more ID. UNYX models by 2026, encompassing sport utility vehicles (SU...
    Panasonic Energy partners with University of Kansas on EV battery tech
    In a press release dated July 10, Panasonic Energy Co. Ltd. has announced a new partnership with the University of Kansas, aimed at advancing electric vehicle battery technology and talent development. The document provides an overview of the objectives and scope of the partnership, emphasizing the mutual benefits in terms of technological advancement and workforce education in the rapidly growing field of EV batteries. Panasonic is in the process of expanding its manufacturing footprint...
    Battery recycling startup Li-Cycle appoints Craig Cunningham as CFO
    Li-Cycle Holdings Corp., a prominent lithium-ion battery resource recovery company, has announced the appointment of Craig Cunningham as its CFO, effective July 20. Cunningham, who has been serving as the interim CFO since March, brings nearly two decades of experience in accounting, finance, operations and capital markets to the role, with a notable background in leading financial activities for publicly traded companies within the battery materials and mining sectors. His responsibilities...
    Tesla suppliers explore suitable locations for setting up factories in India
    Several component suppliers of US electric-car maker Tesla Inc. are scouting for potential locations to set up their operations in India, according to a news report published by financial daily Business Standard on July 18. The news report cited The Economic Times as the original source of this news. According to the report, even as the central government continues to make efforts to attract new electric vehicle investments in the Indian subcontinent, several state governments such as Gujarat...
    Tata Technologies engages with a global EV battery-maker for battery design and development program
    Tata Technologies has been selected by a global electric vehicle battery manufacturer to deliver the first battery design and development program for a customer’s EV engagement, the company announced July 18. The disclosure, which does not name the global EV battery-maker, came on the sidelines of the reporting of financial results for the June 2024 quarter. The company also disclosed that it has been selected by a European luxury-car maker for developing a cloud-based, holistic, virtu...
    AESC starts construction of carbon-neutral gigafactory in Spain
    On July 8, AESC initiated the construction of its gigafactory in Navalmoral de la Mata, Cáceres, Spain, which upon completion in 2026 is set to become one of Europe's pioneering producers of lithium iron phosphate (LFP) batteries at scale. The gigafactory, representing a significant advancement in sustainable mobility, energy transition and the local battery supply chain, is expected to create 900 direct jobs and will be the first carbon-neutral facility of its kind in Spain. With an investm...
    Jaguar Land Rover plans to scrap five loss-making Jaguar models from lineup
    Tata Motors-owned Jaguar Land Rover (JLR) plans to scrap five Jaguar models with "close to zero profitability" in 2024, according to a news report published by Automotive News Europe on July 12. The report cited JLR CEO Adrian Mardell, who disclosed these plans in an investor call. The Jaguar models that JLR plans to scrap include the XE midsize sedan, XF large sedan, F-Type sports car, E-Pace compact sport utility vehicle (SUV) and I-Pace electric SUV, the publication reported, citing a...
    Mercedes-Benz plans to assemble more EVs at its Pune plant in India
    German luxury-car maker Mercedes-Benz is planning to assemble more electric cars at its Pune-based plant in India, as it aims to leverage cost advantages as well as move its local operations toward its carbon-neutrality goals, according to a news report published by Business Standard on July 14. The company currently assembles its flagship electric luxury sedan EQS at its Pune-based plant and is evaluating localization of other models, depending on demand. Mercedes-Benz India had started...
    Nio’s battery-swap network in Europe grows to 50 stations
    Shanghai-based electric-car maker Nio has expanded its electric vehicle battery-swap network to 50 stations in Europe, with the 50th such swap station opening in Norway, the company announced on its X handle on July 15. The new battery-swap station has come up in Oslo, Norway, it said. “Since opening the first power swap station in Lier, Norway in 2022, NIO users have embraced the speed and convenience of battery swapping. NIO users in Europe have completed over 63,000 battery swaps wi...
    ELumina to produce EV chargers, lithium-ion batteries at its new plant in Australia
    Australian company eLumina plans to produce electric vehicle chargers and energy storage batteries at its upcoming plant located on the Gold Coast, Australia, according to a news report published by local media outlet, The Driven, on July 9. The report mentioned that eLumina’s upcoming $20 million manufacturing plant is nearing completion, and it will be the first such facility in the country that can produce EV chargers as well as energy storage batteries. ELumina’s new Gold Coas...
    Lucid Air Pure sets record efficiency for 2025 model year
    Lucid Group Inc. announced updates for the 2025 model year Lucid Air Pure, emphasizing its position as the maker of the world's most advanced electric vehicles. These updates include achieving an unparalleled efficiency of 5 miles per kilowatt-hour, a record 146 MPGe Environmental Protection Agency (EPA) rating, and incorporating a heat pump across all models for enhanced real-world range. The 2025 Lucid Air Pure now offers an EPA-estimated range of 420 miles from an 84-kWh battery pack and r...
    BAIC delivers 1,000 EU5 electric taxis to Dushanbe, Tajikistan
    On July 15, BAIC delivered the first batch of 1,000 BAIC EU5 electric taxis to Dushanbe, Tajikistan, showcasing the commitment of BAIC, a distinguished mainland Chinese automotive brand, and Tajikistan to foster green transportation. This move is a part of the broader Belt and Road Initiative, enhancing the cooperation between the two nations. During the event, Saidzoda Firdavs, deputy mayor of Dushanbe, lauded the strong bilateral relations and collective achievements of mainland China and T...
    Eramet inaugurates lithium carbonate plant for energy transition
    Eramet has marked a significant advancement in its journey toward metals essential for the energy transition by inaugurating the Centenario Phase 1 lithium carbonate production plant in Argentina. The ceremony, witnessed by influential figures including Gustavo Saenz, the governor of Salta Region, Argentina; and various national and international representatives; signified the commencement of the plant's operations. This industrial venture is run by Eramine, a joint venture bet...
    Porsche launches new electric Macan 4S to expand its sport utility vehicle range
    Porsche is intensifying its foray into the all-electric sport utility vehicle (SUV) market with the introduction of the new Macan 4S, situated to bridge the performance and capability gap between the Macan 4, the Macan Turbo models, and the entry-level rear-wheel-drive (RWD) trim. This latest Macan 4S employs the advanced electronically controlled Porsche Traction Management (ePTM) system for superior power distribution across the front and rear axles. The Macan 4S, alongside i...
    Mainland China asks WTO to set up an expert panel to resolve dispute on EV subsidies under US IRA
    Mainland China has asked the World Trade Organization to establish an expert panel to resolve the long-standing dispute over the new-energy vehicle (NEV) subsidies and other measures mandated under the US Inflation Reduction Act (IRA), according to a news report published by Global Times on July 15. Mainland China’s move to approach the WTO comes after the US has failed to reach a solution despite multiple consultations with mainland Chinese officials, the report said, citing a spokesperson...
    SAIC’s MG brand eyes Spain for setting up its first EV plant in Europe
    SAIC Motor Corp.'s MG brand is evaluating the possibilities of setting up its first electric vehicle plant in Europe in Galicia, Spain, according to a news report published by CnEVPost on July 15. The report cited a local publication, Europa Press, as the original source of the story. It mentioned that SAIC is considering Spain for its first EV plant, which can produce EVs for several markets in the EU region. It further said that the carmaker from mainland China is also considering Hungar...
    Ford plans $400 million EV component plant in Kentucky, US
    Ford Motor Co. is in advanced discussions about a $400 million investment to establish a component manufacturing facility in Kentucky, US, dedicated to supporting the production of electric vehicles. This development was shared by Ray Leathers, CEO of the Shelby County Industrial & Development Foundation, highlighting that the potential site is poised to support a unicast aluminum forming process crucial for EV manufacturing. Shelby County, Ky., where the facility would be located, is in ...
    Cummins Inc. receives $75 million grant for zero-emissions production
    Cummins Inc., a distinguished company in the manufacturing sector, has been granted $75 million by the US Energy Department (DOE) to transition approximately 360,000 square feet of its Columbus Engine Plant (CEP) in Indiana, US, toward the production of zero-emissions components and electric powertrain systems. The company plans to match this grant with an additional $75 million, totaling a $150 million investment aimed at bolstering the manufacturing of battery packs, powertrain systems an...
    SK On to diversify battery technology amid EV demand slowdown
    South Korean electric vehicle battery manufacturer SK On, a subsidiary of SK Innovation, is actively engaging in discussions with various automotive companies to provide prismatic batteries, marking a diversification from its current focus on producing pouch-type batteries. This initiative comes in response to the need for a strategic shift amid the global slowdown in EV demand. SK On, which already supplies EV batteries to prominent automakers such as Ford Motor, Hyundai Motor and ...
    Minth announces $57 million expansion in Aguascalientes, Mexico, creating 1,200 jobs
    Minth has unveiled a major expansion plan in the Mexican city of Aguascalientes, which includes a $57 million investment that will create an additional 1,200 jobs to enhance the company's Metals division. Minth Mexico Public Relations and Administration Manager Manuel Ando Camacho indicated that this investment supplements a previously announced investment of $173.5 million and 1,600 jobs intended for the expansion of the company's plastics and battery box units. Furthermore, Ando h...
    Altilium partners Connected Energy to establish business models on EV battery recycling
    UK-based battery-recycling company Altilium has signed a strategic agreement with Connected Energy, a leading developer of second-life battery energy storage systems, to develop sustainable and environmentally responsible business models for the repurposing and recycling of electric vehicle batteries, bringing value to both companies as well as battery manufacturers and automotive original equipment manufacturers, Altilium announced July 8. Notably, Connected Energy designs and develops energ...
    VinFast Auto breaks ground on its new EV assembly plant in West Java, Indonesia
    Vietnamese electric-vehicle maker VinFast Auto has officially broken ground on its new EV assembly plant in Subang, West Java, Indonesia, the company announced July 15. The move, which comes soon after it announced its entry into the Indian subcontinent, underscores the company’s strategy to expand its presence in the South Asian region. The carmaker plans to invest $200 million in building its EV assembly facility in Indonesia. The plant will be located in the emerging industrial...
    Austrian research grant boosts TU Graz's Battery4Life project
    The Austrian Research Promotion Agency FFG has granted funding for the new COMET K1 center, Battery4Life, a project led by Christian Ellersdorfer from the Vehicle Safety Institute at Graz University of Technology (TU Graz). This initiative, which has garnered approximately €6.5 million from the FFG, €2.6 million from the Province of Styria, and €0.6 million from Upper Austria, aims to enhance the safety, durability and sustainability of batteries. Additionally, partners from the automot...
    Chile benefits from US Inflation Reduction Act due to free trade agreement
    The Inflation Reduction Act (IRA) established by the US mandates a specific percentage of critical metals in batteries to originate either from the US or from countries with which it has a free trade agreement. This legislation has made Chile, due to its free trade agreement with the US, eligible for tax breaks, as clarified by the Chilean economy ministry. The US, under President Joe Biden's administration, has set stringent criteria particularly affecting companies controlled by entities fr...
    CATL looks to raise $1.5 billion to fund its global battery supply chain expansion plans
    CATL, the world’s largest battery-maker, is in talks with overseas sovereign wealth funds and private investors to raise about $1.5 billion for building its global battery supply chain, according to a report published by CnEVPost on July 12. The report cited Financial Times as the original source of this story. The offshore fund that CATL is looking to raise is expected to help the battery company finance the corporate ecosystem needed to expand its production network in Europe and other fo...
    Xpeng plans to launch four new EV models in 2025
    Chinese electric-vehicle maker Xpeng Motors plans to launch at least four new models in 2025, according to a news report published by CnEVPost on July 13. The report mentioned that Xpeng is expected to launch one new model every quarter, as the new model offensive includes facelifts of existing models and a new model in partnership with ride-hailing giant Didi. The CnEVPost report cited local media outlet Xuebao Caijing as the original source of this news. The report added that earlie...
    AutoTechInsight Weekly - 15 July 2024
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    US government to offer $1.7 billion in grants to convert existing plants to manufacture electric vehicles and components
    The Biden administration plans to award $1.7 billion in grants to General Motors (GM), Stellantis and others to convert existing plants to manufacture electric vehicles and components. The fund will be provided by the US Department of Energy under “Domestic Automotive Manufacturing Conversion Grants” to 11 “shuttered or at risk” plants in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia. The grant aims to bolster the US auto industry's competitiveness, reta...
    Volkswagen Group’s PowerCo, QuantumScape enter agreement to industrialize solid-state batteries
    PowerCo, the electric-vehicle battery company of the Volkswagen Group, has entered a strategic agreement with QuantumScape to begin commercial production of QuantumScape’s next-generation solid-state lithium metal battery technology, the German automotive group said in a press release July 11. Solid-state batteries promise higher energy density than current liquid electrolyte batteries. The technology is seen as a major breakthrough in increasing driving range of EVs and support large-scale ad...
    Critical Metals and Obeikan Group form joint venture for lithium hydroxide processing plant in Saudi Arabia
    Mining development company Critical Metals has finalized an agreement with Obeikan Group to form a joint venture, Arabian New Energy, to build a large-scale lithium hydroxide processing plant in Saudi Arabia. The plant will process spodumene concentrate produced from the Wolfsberg Lithium Project located in Austria. The incorporation of the equally owned joint venture is awaiting successful registration and approval by Saudi regulatory authorities.  Arabian New Energy will seek to have e...
    Entek receives up to $1.2 billion loan from the US government for battery separator plant
    Entek has received a conditional loan of up to $1.2 billion from the US Energy Department (DOE) to finance a manufacturing plant in Terre Haute, Ind., which will produce lithium-ion (Li-ion) battery separators for electric vehicles. The initiative marks a significant step in strengthening the domestic Li-ion battery-cell supply chain and supporting the production of batteries for zero-emission vehicles.   The project is expected to support the manufacturing of approximately 1.9 million m...
    BYD plans to invest $1 billion new electric car plant in Turkey
    BYD has entered into an agreement with the Turkish government to invest $1 billion in a manufacturing plant to produce electric vehicles in Turkey. The plant will have an annual production capacity of 150,000 electric and hybrid vehicles. BYD will also set up a research and development center for sustainable mobility technologies at the plant, which is expected to become operational by the end of 2026. The planned investment will create 5,000 jobs in the country. The investment will help BYD ...
    Mercedes-Benz opens eCampus in Germany for developing EV cells and batteries
    Mercedes-Benz has opened eCampus, a competence center for the development of cells and batteries for future electric vehicles, at its headquarters in Stuttgart-Untertürkheim, Germany, the company said in a press release on July 8. The center will cover the entire range of battery and cell technology, ranging from the development and evaluation of new cell chemistries and industrial-scale cell production, to the testing and certification of complete battery units. “The opening of the Merced...
    Sakuu and SK On partner for innovative battery manufacturing for EVs
    Sakuu, a Silicon Valley, Calif.-based company specializing in commercial-scale equipment and technologies for the battery manufacturing industry, has entered into a joint development agreement with South Korea-based electric vehicle battery supplier SK On. The partnership underscores the commitment of both companies to advance battery manufacturing innovation by addressing current industry challenges and pave the way for the development of next-generation solutions. As part of this goal, the two...
    AESC appoints Knudt Flor as CEO for US and Europe operations
    AESC, a Japan-based company specializing in high-performance battery technology for electric vehicles and energy storage systems, has appointed Knudt Flor as CEO for its operations in the US and Europe. Flor, who brings over 35 years of experience in the automotive industry, will also serve as global head of Quality. He will be based in Murfreesboro, Tenn. His notable career includes serving as president and CEO of BMW Manufacturing Corp. LLC USA, between December 2016 and October 2021. Befor...
    AutoTechInsight Weekly - 8 July 2024
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    Pure Energy Minerals partners with SLB for its Clayton Valley lithium brine project
    In a press release dated July 2, Pure Energy Minerals announced that it has entered into a partnership with SLB to sustainably develop at scale lithium claims held by Pure Energy in the Clayton Valley in the United States. SLB has set up a demonstration plant onsite to test an integrated approach that combines subsurface expertise and surface engineering of advanced technologies, including direct lithium extraction (DLE). Pure Energy Minerals said that it has received all necessary permits fr...
    Stellantis commences mass production of EVs at Mangualde plant in Portugal
    Stellantis has started production of electric vehicles at its Mangualde plant in Portugal, according to a report by Alliance of Mediterranean News Agencies (AMAN). Stellantis has invested around €30 million to advance the plant to manufacture EVs. The plant is expected to produce eight 100% electric models in the passenger and light commercial segments, including the Citroën ë-Berlingo and ë-Berlingo Van, Peugeot E-Partner and E-Rifter, Fiat e-Doblò and Opel Combo-e models. In 2023, Ste...
    BYD opens first Southeast Asia factory in Thailand
    China's leading electric vehicle manufacturer, BYD, has inaugurated its first factory in Southeast Asia, located in Thailand, marking its expansion into the rapidly growing regional EV market where it has established dominance. The establishment of BYD's plant in Thailand is part of a broader movement of Chinese EV makers investing over $1.44 billion in the country, encouraged by government subsidies and tax incentives. This Thai facility, announced two years prior with an investment of ...
    Sunwoda to start mass production of the all-solid-state battery by 2026
    Sunwoda, a prominent battery manufacturer, announced plans to start mass proudction of all-solid-state batteries by 2026, according to a report by China Daily on July 3. Sunwoda is also aiming to reduce the price of its all-solid-state batteries to 2 yuan ($0.27) per watt-hour by 2026. This development comes amid increased support and investment from the Chinese government and local companies in this innovative technology. Xu Zhongling, the vice president of research and development at Sunwod...
    TTI Europe introduces Murata’s compact safety-certified MLCCs for fast charging EVs
    TTI IP&E - Europe has announced the introduction of a new range of multilayer ceramic capacitors (MLCCs) from Murata. The EVA series possesses qualities that will be particularly desirable to engineers developing next-generation electric vehicles. Automotive powertrain applications include the onboard charger (OBC), battery management system (BMS), inverters and DC-DC converters, as well as other industrial, consumer and medical implementations, as reported in a press release on June 2. D...
    Nio, Xpeng respond to EU tariffs on EV imports from mainland China
    Electric-vehicle makers from mainland China – Xpeng and Nio – have shared their official comments for the first time after the European Union announced the implementation of additional tariffs on made-in-China EVs imported into the EU last month. These additional tariffs are imposed from July 5. Nio is closely monitoring the ongoing anti-subsidy investigation and resulting measures taken, a news report published by CnEVPost, citing a company spokesperson, reported July 4. The report st...
    Stellantis collaborates with CEA for in-house development of EV battery cells
    Stellantis and CEA, a research institution, have signed up for a five-year collaboration to focus on the design and development of next-generation electric-vehicle battery cells, the carmaker announced July 3. The joint research program includes designing advanced technology cells with higher performance, a longer lifespan and a lower carbon footprint at competitive costs, which can lead to more affordable and sustainable battery-electric vehicles (BEVs) in the future, Stellantis said in a st...
    Thyssenkrupp evaluates future of Bremen Powertrain unit amid challenges
    In a press release dated July 2, Thyssenkrupp Automotive Technology announced that it is undertaking a thorough examination of future prospects for its Powertrain business unit based in Bremen, Germany, acknowledging the need for significant changes amid the automotive market's evolving structure. The spectrum of options under consideration spans from moderate adjustments to the operational framework, to the implementation of comprehensive structural changes. The company has set a t...
    BatteroTech unveils Mercury supercharging batteries
    BatteroTech, a subsidiary of Tsingshan Industry, has launched its Mercury supercharging batteries, addressing the long-standing issues of range anxiety and long charging times associated with new-energy vehicles (NEVs). These batteries enable vehicles to gain a 400-km range with just 10 minutes of charging. BatteroTech's Twin-star battery portfolio, introduced in 2022, laid the groundwork for the Mercury supercharging battery, offering improvements in safety, range, fast-charging efficiency a...
    Nio plans dedicated battery-swap stations for Firefly brand EVs
    Nio Founder, Chairman and CEO William Li has confirmed that the carmaker’s third brand Firefly will have dedicated battery-swap stations, and the Firefly brand of electric vehicles will not share existing battery-swap stations with Nio and Onvo brands, according to a news report published by CnEVPost on July 1. The Firefly brand of battery-swap stations is expected to be smaller in size — similar to a shipping container — and will sport a simpler structure, the report said, citing Li. ...
    BASF abandons plans to invest in lithium mines in Chile
    German materials company BASF has abandoned its plans to invest in lithium mines in Chile, as a slowdown in electric vehicle adoption worldwide drags down battery metal prices, according to a news report published by Mining.com on July 2. The news report credited Bloomberg as the original source of the story. Citing a disclosure by BASF to Bloomberg, the report mentioned that the German company has withdrawn from initial talks with Wealth Minerals Ltd., a Vancouver, Canada-based firm that ...
    Northvolt Chairman Jim Hagemann Snabe resigns
    Jim Hagemann Snabe has resigned as the chairman and member of the board of directors at Northvolt — a role he has held since December 2022, the Swedish battery-maker announced July 2. Following Snabe's resignation, the nomination process to propose the next chairman of the board, for approval by a shareholders' meeting, will be initiated, the company said. Upon Snabe’s resignation and until the formal appointment of a successor for his position, Tom Johnstone will continue to serve as ...
    Hydrovolt plans to build battery recycling plant in France
    Hydrovolt, a battery recycling and raw materials company, plans to build a recycling plant in France as part of its capacity expansion strategy, the company announced July 2. Without disclosing the amount it plans to invest in building the proposed battery recycling plant in France, Hydrovolt said that its planned facility will be located in Hordain, in the heart of Northern France’s battery valley. Hydrovolt, which is a joint venture of Swedish battery-maker Northvolt and Norway’s Hyd...
    Hyundai Motor, LG Energy Solution launch EV battery cell plant in Indonesia
    South Korean car manufacturer Hyundai Motor Company and battery maker LG Energy Solution (LGES) have launched their joint electric vehicle battery cell production plant in Indonesia, according to a news report published by the news agency Reuters on July 3. The report pointed out that the Hyundai-LGES battery cell facility is Indonesia’s first battery cell production plant for EVs. The battery cell manufacturing plant will have an annual capacity of 10 GWh of battery cells. In 2021, the ...
    Nyobolt unveils EV prototype with ultra-fast charging technology
    Nyobolt, a Cambridge-based company founded in 2019, has made a significant leap from laboratory research to real-world application by unveiling a drivable electric vehicle (EV) prototype that showcases its ultra-fast charging battery technology. This technology, developed in collaboration with CALLUM, aims to make long charging times a thing of the past by allowing EVs to charge from 10% to 80% state-of-charge in just under five minutes using a 350-kW DC charger, a speed twice as fast as the fas...
    LG Energy Solution and Liontown Resources forge major lithium partnership
    LG Energy Solution and Liontown Resources have entered into a long-term strategic partnership, aimed at bolstering their collaboration within the global lithium industry. This strategic alliance was memorialized through a convertible note subscription agreement, an extended offtake agreement for the supply of lithium spodumene from Liontown's Kathleen Valley project, and a downstream collaboration agreement to investigate the feasibility of establishing a lithium refinery, offering potential for...
    Ampere announces new battery strategy with focus on LFP and CTP technology
    Ampere, the European EV company, has announced a comprehensive battery strategy focusing on integrating lithium iron phosphate (LFP) technology along with the existing nickel cobalt manganese (NCM) batteries used by the Renault Group. Ampere has collaborated with its suppliers LG Energy Solution (LGES) and CATL to establish an integrated value chain in Europe for LFP technology. These partnerships will support Ampere in equipping various models of Renault and Alpine brands with LFP batteries, se...
    Eberspaecher unveils innovative low-voltage BMS in Germany
    Eberspaecher has developed a new battery management system (BMS) for the low-voltage range, marking the company as one of the first in Europe to bring such a product to series production, the company announced in a press release on July 1. This BMS is connected to the vehicle power grid and is designed for use with the 12 V lithium iron phosphate (LFP) starter battery from an international manufacturer. The system is aimed at addressing the increasing complexity in electronic vehicle architec...
    Solus Advanced Materials reports strong growth in electric vehicle battery copper foil business in North America
    Solus Advanced Materials, a South Korea-based company specializing in the manufacture of copper foil for secondary batteries, has demonstrated significant growth in its electric vehicle battery copper foil business, particularly in the North American market, the company said in a press release June 28. From January to May, sales of Souls' battery copper foil to North American customers surged to 5.8 times over the same period in 2023. As a result, monthly shipments from the company’s Hungar...
    PowerCell CFO Torbjörn Gustafsson to leave by end of 2024
    Torbjörn Gustafsson, currently serving as the chief financial officer (CFO) of PowerCell, has announced his departure from the company effective the end of 2024 to pursue a new opportunity outside of the group. Gustafsson will continue with PowerCell until the end of the year, ensuring a smooth transition to his successor. The company has announced that the search for a new CFO will commence immediately, indicating its intent to find a replacement who can continue the work Gustafsson has b...
    Skoda’s newly unveiled Elroq EV delivers a driving range of 560 km
    With plans to expand its sport utility vehicle (SUV) portfolio in Europe, Škoda Auto has unveiled its upcoming compact electric SUV named Elroq, which is slated for a world premiere later this year, the company announced on July 1. The all-new Škoda Elroq, which is developed on the Volkswagen Group’s Modular Electrification Toolkit (MEB), will be offered with four powertrain variants — the Elroq 50, 60, 85 and 85x. These models will vary in battery capacity and corresponding power outpu...
    BYD launches five EV models in Tunisia
    Foraying in a new market, BYD, a leading global EV and EV battery maker, has launched five models in Tunisia, according to a news report published by CnEVPost on July 2. BYD’s entry in Tunisia is part of the carmaker’s aggressive global expansion strategy as it races to compete with Tesla in several international markets. BYD’s launch of five EVs in Tunisia features three battery-electric vehicles (BEVs) and two plug-in hybrid electric vehicles (PHEVs), the report said, citing a company...
    India’s Ola Electric working to develop solid-state batteries
    India’s Ola Electric is working to develop solid-state batteries and expects some of its vehicles to be powered by its own battery cells in 2025, according to a news report published by Reuters on June 29. The news story cites Bhavish Aggarwal, Ffounder and chairman of the SoftBank Group-backed Ola Electric. Citing Aggarwal, the report said, “We are in very early stages of our experimentation on solid-state batteries.” The company is the largest manufacturer of electric scooters in I...
    Group14 Technologies signs five multi-year binding offtake agreements
    Washington-based leading supplier of advanced silicon battery materials, Group14 Technologies, Inc. has signed five multi-year binding offtake agreements amounting to a minimum commitment of over $300 million, the company announced on June 4. The company has signed multi-year binding offtake agreements with three leading electric vehicle (EV) and two consumer electronic (CE) cell manufacturers across Europe, Asia and North America, it said. According to the company, the new agreements will...
    Kia Corporation plans to mass produce EV4 electric sedan in March 2025
    South Korean carmaker Kia Corporation plans to put its first electric sedan EV4 into mass production in March 2025, according to a news report published by Korean media publication ET News on June 25. According to the news report, the carmaker has set out a final development and production schedule to prepare for the mass production of its EV4 sedan. Kia produced a few pre-production models of the EV4 last month and is executing quality testing on roads at home as well as abroad, it added. ...
    Geely develops all-new lithium iron phosphate short blade EV battery
    Betting bigger on lithium iron phosphate (LFP) chemistry, Geely Auto, a leading electric vehicle manufacturer in mainland China, has unveiled an all-new and in-house developed, new-generation short blade battery with improved energy density, performance, charging and safety capabilities, the company announced on June 27. The new battery, named Aegis Short Blade Battery, has an improved energy density of 192 Wh/kg and a cycle life of up to 3,500 cycles, which the company claims is equivalent t...
    Toyota in talks with authorities in Shanghai to locally produce Lexus EVs
    According to a news report published by CnEVPost on June 28, Japanese carmaker Toyota Motor Corporation is currently discussing with the relevant authorities in Shanghai the possibility of building a wholly owned electric vehicle factory to produce Lexus EVs. The report cited Bloomberg as the original source of this news development. Citing unnamed sources, the report mentioned that Toyota is negotiating for similar tax breaks, policy support and land grants that Tesla got for setting up i...
    SAIC Volkswagen to launch EVs in China by 2026
    SAIC Motor, a Chinese car manufacturer, and its German partner Volkswagen have entered into agreements to jointly develop three plug-in hybrid and two pure electric vehicle models in China through their joint venture, SAIC Volkswagen. This initiative, announced as SAIC Volkswagen celebrates its 40th anniversary, aims to launch the first of these models by 2026. Ralf Brandstätter, a board member of Volkswagen AG responsible for China, emphasized the importance of advancing their electrif...
    BeyonCa to establish EV assembly plant and HQ in Hong Kong
    BeyonCa, a premium electric vehicle (EV) manufacturer supported by Renault and Dongfeng Motor, has announced its plans to establish its final assembly plant and international headquarters in Hong Kong, marking the introduction of the first car brand in the territory. The assembly of BeyonCa's vehicles will take place in a government-owned industrial park in Hong Kong, while the primary manufacturing processes such as stamping, body welding, and painting will be conducted in mainland China. De...
    European consortium develops cobalt-free battery for EVs
    A European consortium consisting of eighteen partners from the automotive industry, research, and technology sectors has successfully developed a cobalt-free lithium-ion battery system for electric vehicles, under the COBRA project. The project, which has been co-financed by the European Commission and had a budget of €12 million, aims to deliver innovations in safety, control, and efficiency for the next generation of batteries. After four years of development, the consortium has demonstra...
    Rock Tech secures financial backing for Lithium project in Guben
    Rock Tech Lithium Inc. has garnered significant financial backing for its Lithium Converter project in Guben, evidenced by a binding letter of intent (LOI) from Brandenburg's Ministry for Economic Affairs, Labour and Energy. This LOI promises up to €90 million in grants, with an additional prospect of obtaining up to €10 million from the Federal German Railway Authority to enhance train loading and unloading facilities. These subsidies will be distributed as non-dilutive equity grants thr...
    AutoTechInsight Weekly - 1 July 2024
    Click the link above to download this week's issue
    Beijing issues regulations on rare earth administration
    Beijing has unveiled new regulations on rare earth administration, which will take effect on Oct. 1, 2024, according to a news report published by Xinhua on June 29. Mainland Chinese Premier Li Qiang has signed a decree of the State Council, unveiling a set of regulations on rare earth administration, the report said. It further added that the new regulations stipulate that the country will pay equal attention to resource protection as well as the development and utilization of rare earths, f...
    BP subsidiary Castrol invests $50 million in Taiwan’s Gogoro
    Castrol, a leading global lubricants player and a subsidiary of energy major BP, plans to invest up to $50 million in Taiwan’s Gogoro Inc., a leading technology company in a battery-swapping ecosystem, Castrol announced on June 25. In the first tranche of the agreed investment amount, Castrol Holdings, an affiliate of Castrol, will invest $25 million in Gogoro's ordinary shares, resulting in Castrol acquiring approximately 5.72% of Gogoro’s outstanding ordinary shares. Castrol said that t...
    Hyundai unveils A-segment EV Inster with up to 355-km range, DC charging capability
    South Korean carmaker Hyundai Motor Co. has unveiled an all-new, A-segment subcompact electric car at the 2024 Busan International Mobility Show, the company announced June 27. The new small electric vehicle will come equipped with a 42-kWh battery in its standard variant and 49-kWh battery for its long-range variant. Both models will be powered by a single motor that delivers 71.1 kW (97 PS) in the base variant and 84.5 kW (115 PS) in the long-range model, Hyundai said, adding that both vari...
    LEVC launches its first all-electric multipurpose vehicle, the L380, in China
    LEVC, historically known for its high-end taxi manufacturing, is making significant strides in the global electric mobility market with the launch of its new fully electric model, the L380 multipurpose vehicle (MPV), in mainland China. This launch marks the beginning of LEVC's transition toward becoming a prominent provider of e-mobility solutions. The L380, which emerged from the groundbreaking Space Oriented Architecture (SOA) developed in collaboration with Geely Holding Group, showcases a...
    Sila secures $375M in Series G for next-gen battery technology
    Sila, a company specializing in next-generation battery materials, has successfully closed its Series-G funding round, raising $375 million. The round was led by Sutter Hill Ventures and T. Rowe Price Associates Inc., with additional investments from new and existing investors including Bessemer Venture Partners, Coatue and Perry Creek Capital, among others. This financial milestone is set to support the completion of Sila's Moses Lake, Wash., plant by the first quarter of 2025, facilita...
    Gradiant spins out alkaLi to boost battery-grade lithium production
    Gradiant, a global provider of advanced water and wastewater treatment solutions, announced the spin-out of alkaLi, a new independent company focused on accelerating the production of battery-grade lithium to meet the increasing demand from electric vehicles, energy storage systems and portable electronic devices. AlkaLi is set to utilize EC2 technology, the only solution of its kind designed for the extraction, concentration and conversion of battery-grade lithium. EC2 by alkaLi is a mo...
    SK On signs MOU with ExxonMobil to source lithium in the US
    SK On, a prominent electric vehicle battery manufacturer, has entered into a non-binding memorandum of understanding (MOU) with ExxonMobil, aiming to secure a potentially substantial supply of US-produced lithium. This initiative is part of SK On's broader strategy to fortify its battery supply chain in the US. The MOU paves the way for SK On to explore a multiyear agreement with ExxonMobil that could see it receive up to 100,000 metric tons of lithium from a project in Arkansas, US. Although...
    Japan aims for deep-sea mining of cobalt and nickel
    In a significant development in deep-sea exploration, 200 million metric tons of manganese nodules rich in battery metals have been discovered in the Pacific Ocean, which are abundant in cobalt, nickel, copper and manganese. Found at depths of about 5,500 meters, these minerals, comparable to the polymetallic nodules in the Pacific's Clarion-Clipperton zone, constitute an estimated 610,000 metric tons of cobalt and 740,000 metric tons of nickel, which could substantially meet Japan's consum...
    Stellantis reiterates its circular economy goals at IARC 2024, Belgium
    Stellantis NV, a leading global automaker, is making considerable progress on its circular economy initiatives, which entail growing its presence in recycling, expanding its share in material sourcing while limiting impact on natural resources. The company’s circular economy initiatives are called SUSTAINera. Speaking at the International Automotive Recycling Congress (IARC), in Antwerp, Belgium, Alison Jones, senior vice president of Stellantis’ Global Circular Economy, said, “Since th...
    BYD launches its electric sedan Seal in Japan to rival Tesla’s Model 3
    BYD has launched its Seal electric sedan in Japan to compete with Tesla’s Model 3, according to a news report published on June 25. The Seal electric vehicle is BYD’s third passenger car model to be launched in Japan. BYD will offer its Seal electric sedan in two variants in Japan — a single-motor rear-wheel-drive version and a dual-motor all-wheel-drive version. The models are priced at ¥5.28 million (about $33,140) and ¥6.05 million, respectively, the report added. BYD’s Seal E...
    Zeekr follows BYD into South Korea with its range of EVs
    Geely’s premium electric car unit Zeekr is planning to foray into the South Korean electric vehicle market as part of its global expansion strategy, according to a news report published by the online automotive news portal Electrive.com on June 26. The report cites the local publication Maeil Business Newspaper as the original source of the news. It disclosed that Zeekr has completed the registration of its trademark in South Korea, with plans to launch EV models in the second half of 2024....
    Tata Motors plans to invest over 450 billion rupees in car business by FY 2030
    Tata Motors, India’s third-largest carmaker, plans to invest over 450 billion rupees (about $5.4 billion) in its passenger vehicle business over the next 5–6 years, according to a news report published by Autocar Professional on June 26. The company plans to capture a 20% share in India’s growing passenger car market by 2030 and expand its product portfolio that currently addresses only 53% of the market to cater to 80% of the overall market. To do so, the company is expected to almost ...
    UL Solutions to open Advanced Automotive and Battery Testing Center in South Korea
    UL Solutions, a specialist in applied safety science, has announced plans to establish a new Advanced Automotive and Battery Testing Center in Pyeongtaek, Gyeonggi-do, South Korea, the company said in a press release on June 26. The center, scheduled to open in the latter half of 2025, aims to enhance the company's battery testing capacity in the region and introduce electric vehicle charger testing, among other capabilities. The investment will help UL Solutions to serve its customers acro...
    BASF withdraws plan to invest in nickel-cobalt refining facility in Indonesia
    German materials supplier BASF announced June 24 that the company will no longer evaluate a potential investment in a nickel-cobalt refining complex in Weda Bay, Indonesia. “The company will stop all ongoing evaluation and negotiation activities for the project in Weda Bay,” BASF said in a statement. Earlier in 2020, BASF and Eramet, a global mining and metallurgical group, had signed an agreement to jointly assess the potential of a project focused on refining critical battery materia...
    The Mobility House, GESI to set up JV for large-scale battery storage systems in Germany
    The Mobility House and Green Energy Storage Initiative SE (GESI Giga Batteries), a project developer of large-scale battery storage systems, plan to set up a joint venture company focused on building and commercializing large-scale battery storage systems to reduce the costs of grid congestion and accelerate the next phase of the energy transition, the company announced June 25. By 2035, the two companies plan to develop up to 8 GW of storage capacity, preferably at grid-supporting locations ...
    Stratus Materials announces breakthrough in EV battery technology
    Stratus Materials Inc., based in Pittsburgh, has announced a major achievement for its first-generation LXMO cathode active material (CAM) used in lithium-ion batteries in electric vehicles. This material has surpassed 1,000 full depth-of-discharge cycles while retaining more than 80% of its initial capacity, a key performance indicator within the EV battery sector. The achievement was obtained using cells built by a third party, incorporating standard cell and electrode designs, a natural gr...
    ElringKlinger plans to build a plant for battery technology products in the US
    German supplier ElringKlinger has opened a new battery-parts facility in Easley in Pickens County, in the northwest of the US state of South Carolina, the company announced June 25. ElringKlinger plans to primarily manufacture battery technology products at the new facility and develop the site into a battery hub for its activities on the US market. The company said that it plans to initially manufacture cell-contacting systems at the new facility for one of its customers, without disclosing ...
    TRUMPF unveils laser technology for recycling electric car batteries
    TRUMPF, a high-tech company based in Ditzingen Stuttgart, Germany  has introduced a groundbreaking laser technology that allows for the industrial-scale recycling of used or defective batteries from electric vehicles. This innovation, which was showcased at the Battery Show Europe 2024 in Stuttgart, leverages TRUMPF's extensive experience in laser welding and cutting, particularly in the production of e-car batteries. TRUMPF's laser technology promises to enhance the recycling process si...
    Toshiba and partners unveil next-gen Li-ion in Brazil
    In a significant development in the field of battery technology, Toshiba Corporation, Sojitz Corporation of Japan, and CBMM, a leading niobium producer from Brazil, have announced the completion of a next-generation lithium-ion battery featuring niobium titanium oxide (NTO) in the anode. The unveiling took place in Araxá, Brazil, where the trio also introduced a prototype e-bus equipped with this innovative battery. The companies aim to progress with their collaborations, leveraging their co...
    LevertonHELM and EnBW develop battery-grade high purity lithium carbonate
    In a collaborative demonstration project, LevertonHELM and EnBW have successfully produced lithium carbonate with a purity of over 99.5%, marking a significant advancement in the sustainable production of battery-grade lithium. Based on the success of this initiative, EnBW and LevertonHELM have decided to extend their collaboration, aiming to advance the production of lithium carbonate and lithium hydroxide further and to develop local resources for applications in electromobility and energ...
    Amara Raja signs strategic partnership with Gotion InoBat Batteries
    Amara Raja Advanced Cell Technologies Pvt. Ltd. (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Ltd., one of India’s leading battery manufacturers, has signed a technical licensing agreement with GIB EnergyX Slovakia sro., a subsidiary of mainland China’s Gotion High-Tech Co Ltd., the two companies said in a joint announcement June 24. As part of the agreement GIB EnergyX will license Gotion’s world-class lithium iron phosphate (LFP) technology for lithium-ion cel...
    Zeekr plans to launch seven new EVs by 2026
    Geely’s premium electric car unit, Zeekr, plans to launch seven new electric vehicles by 2026, including four crossovers, two minivans and one wagon, according to a news report published by CarNewsChina.com on June 21. One of the upcoming models is the Zeekr 007 Station Wagon, which is specifically designed for European markets, the report said. Zeekr, which has delivered over 67,000 electric cars in the first five months of 2024, plans to launch two new EVs this year — the Zeekr ...
    Ascend Elements ships cathode materials to Freudenberg e-Power Systems
    Ascend Elements has shipped decarbonized cathode materials, including precursor (pCAM) and cathode active materials (CAM) to to Freudenberg e-Power Systems for applications in heavy-duty lithium-ion batteries, the company announced June 19. The shipment of pCAM material was engineered and manufactured at the Ascend Elements pilot facility in Westborough, Mass. The materials will be sintered and finished as CAM at the Ascend Elements location in Novi, Mich. before shipment to Freudenberg e-Pow...
    Researchers at PEM and TRUMPF develop new highly efficient process for electrode drying
    Researchers at RWTH Aachen University’s Production Engineering of E-Mobility Components (PEM) have developed a new process for drying electrodes during battery production, the university announced in a press release June 17. PEM demonstrated that the drying time for electrodes in battery production can be significantly reduced using a new type of laser process. The institute, together with its spin-off PEM Motion and the technology company TRUMPF presented the results of the experimental st...
    CATL, BAIC and Xiaomi break ground on new battery plant in Beijing
    In a press release dated June 18, CATL announced that it has broken ground on a new battery plant along with its partners BAIC Group, Xiaomi Group and Beijing Energy Group. Called the Beijing Times Battery Base project, it is designed according to the high standards of "Lighthouse Factory + Zero Carbon Factory" and adopts CATL's most advanced high-beat, high-automation, and high-flexibility production lines. After completion, it will provide stable mass-produced, high-quality battery pro...
    Delta and Texas Instruments launch joint innovation lab
    In a recent announcement made in TAIPEI June 21, Delta, renowned for its contributions in power management and providing IoT-based smart green solutions, has partnered with Texas Instruments (TI), recognized for its leadership in the semiconductor industry, to establish a joint innovation laboratory. The primary goal of the joint lab is to enhance the performance and power density of Delta's electric-vehicle power systems, thereby reinforcing its competitive edge in the EV sector. This c...
    Tesla extends lithium supply contract with Yahua
    Yahua, a Sichuan-based company primarily known for manufacturing and selling industrial explosives, has secured its position in the electric vehicle battery sector by extending its contract with Tesla for the supply of lithium hydroxide. The initial contract between Yahua and Tesla, which was set from 2021 to 2025, involved the supply of 63,000 to 88,000 tonnes of lithium hydroxide, amounting to a total value of $880 million. This contract was later extended in August of the previous year for...
    AutoTechInsight Weekly - 24 June 2024
    Click the link above to download this week's issue
    UNIGRID Battery raises $12 million in Series A funding round
    UNIGRID Battery has successfully closed Series A funding round, raising $12 million, the San Diego-based startup specializing in advanced sodium-ion battery technology said in a press release June 13. The funding round was co-led by Transition VC and Ritz Venture Capital. The round also show participation from new investor Union Square Ventures and existing investor Foothill Ventures.  UNIGRID will use the proceeds from the funding round for accelerating and scaling up its battery produc...
    UK EV startup WEVC unveils lightweight modular EV platform
    The UK-based electric-vehicle startup Watt Electric Vehicle Company (WEVC) has unveiled a new lightweight modular EV architecture called Paces, according to a news report published by AL Circle on June 20. It said that WEVC’s new EV platform can be easily adapted to various sizes and shapes to suit the requirements of passenger vehicles. The platform can accommodate front wheel drive (FWD), rear wheel drive (RWD) and all-wheel drive (AWD) powertrain configurations, employing an innovative a...
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