China’s protectionist laws are currently being relaxed when it comes to electric vehicles, but there are still some rigorous restrictions. For example, Chinese electric vehicles need to be powered by Chinese batteries.
A new report now shows that Geely found a workaround for Volvo’s electric vehicles by using Korean batteries made in China and the competition isn’t happy about it. expand full story
LG is trying to position itself as an important new auto supplier for the transition to electric vehicles. The Chevy Bolt EV helped them recently since they manufacture several of the most important systems for the electric car, especially the battery pack through its LG Chem division.
Now the company announced that it will support the production of 100,000 electric cars per year with new battery factory in Poland. expand full story
Though the electric vehicle startup did release new details. For example, they say that they “worked closely with LG Chem to develop unique chemistry requirements for FF products”. They claim that the result is “the world’s highest energy density [cell] for a production automotive battery.” expand full story
Back in 2007, Nissan and NEC, a Japenese tech giant, created a battery manufacturing company, Automotive Energy Supply Corporation(AESC), in order to eventually supply the automaker’s electric vehicle programs. Both companies have since each invested hundreds of millions in the venture, which started producing the battery cells for the Nissan Leaf in 2010.
At some point in 2014, it became one of the largest electric vehicle battery manufacturers, second only to Panasonic, Tesla’s battery cell supplier. The joint-venture has since lost market shares and Nissan has been quite opened about looking to partner with someone else for future EV programs, like it’s new 60 kWh battery pack.
Now we learn that the automaker is looking to sell its shares in AESC and Panasonic could be a buyer. expand full story
A new research report from Lux Research looked into the projected growth of the battery sector for electric vehicles (BEVs and PHEVs) and concluded that the market will rise to $10 Billion in 2020 with six large carmakers led by Tesla accounting for 90% of the demand. expand full story