The global shift to electric vehicles (EVs) is accelerating, but McKinsey’s latest report warns of significant strain on the supply chain for critical battery materials by 2030.
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European OEM Stellantis has announced a new joint venture with the world’s largest battery manufacturer CATL, to build a large-scale lithium iron phosphate (LFP) battery plant at one of the former’s existing production sites.
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Ambitious young EV automaker ZEEKR is claiming a “new charging speed record” using its latest model and new lithium-iron-phosphate (LFP) batteries, unveiled during a Tech Day event in China today. ZEEKR states that its new batteries can recharge its EVs from 10-80% state-of-charge as quickly as 10.5 minutes. Check out a charging demonstration video below.
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Daimler Trucks, Accelera by Cummins, and truck maker PACCAR broke ground on a huge battery cell factory for electric trucks in Mississippi.
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Michigan-based EV battery startup ONE, Our Next Energy – considered one of the most valuable privately held companies in the US and Biden’s darling for homegrown batteries – is once again cutting its workforce after months of problems.
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Less than a week after announcing a Power Day 2023 event to unveil new battery technologies, ZEEKR has officially introduced its own lithium iron phosphate (LFP) cells developed in-house. While LFP batteries are generally categorized as less energy-dense, ZEEKR says its cells outperform many competitors.
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Michigan-based EV battery startup ONE, Our Next Energy, has been touted as “a poster child” of President Biden’s agenda to wean the US off its dependence on China by building batteries in the US, and bringing a flood of new clean tech jobs with it. But after a wave of layoffs and a loss of funding, the company has announced a new CEO. It is replacing its CEO and founder Mujeeb Ijaz, known for his dazzling genius in the field of battery engineering, with a seasoned executive and board member.
Michigan-based EV battery startup ONE, Our Next Energy, has cut its workforce by 25% due to market pressures. One of the many players in the race to develop an LFP battery pack on North American soil, ONE is one of the most valuable privately held companies in the US and plans to build a $1.6 billion gigafactory in Michigan.
In the race to build small, more affordable electric vehicles to stave off fierce Chinese competition, Stellantis announced this morning that it has signed a broad preliminary joint venture with Chinese EV battery giant CATL. The plan involves buying and developing LFP batteries for the company’s small and mid-sized EVs in Europe. As part of the long-term deal, Stellantis – the parent company of Jeep, Fiat, Citreön, and Peugeot, among many more – is planning to build a new gigafactory in Europe to manufacturer LPF batteries.
Following the launch of its all-electric compact crossover called the #1, smart has introduced a new lower priced base model called the “Pro.” By switching to LFP batteries, the #1 Pro offers lower range than its trim siblings, but at a more affordable price for consumers.
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Daimler, Cummins, and PACCAR are forming a joint venture to manufacture battery cells in the US for commercial electric trucks.
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Following reports out of China earlier this month, battery behemoth CATL has confirmed the production of its M3P batteries that will deliver next year. Although the chemistry may be similar, CATL has said the M3P batteries vary from Lithium Manganese Iron Phosphate (LMFP) cells.
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