Thyssenkrupp is expanding into eMobility markets
The german industry giant Thyssenkrupp has begun expanding into electric vehicle and mobility markets. In recently revealed plant construction plans, it has become clear that Thyssenkrupp is planning on taking advantage of the increasing demands for electric vehicles.
VW got no deal for Cobalt
Volkswagen’s meeting with mayor players from the cobalt industry to supply the carmaker with the material crucial for EV batteries ended with no deal again. The request for a fixed price prove a deal breaker once more.
Sino-German battery joint venture
German supplier ElringKlinger agreed with Chengfei Integration Technology (CITC), a cell maker from China, to set up a joint venture. Together they are to develop, produce and sell battery modules globally.
BMW builds new Battery Cell Competence Centre
The Bavarian carmakers wants to centralise its battery cell competence in a new centre in Munich and has just broken ground. Officially called BMW Group Battery Cell Competence Centre, it is to drive battery cell innovation starting in 2019 and to introduce hi-tech production processes.
BYD plans battery production for third parties
Chinese manufacturer BYD has to face its revenues going down as the country’s government reduces EV subsidies and more and more players are entering the EV market. That’s why the carmaker intends to focus more on its battery business, Reuters has learnt.
Akasol to produce batteries for electric utility vehicles
German manufacturer Akasol has opened a battery plant with a potential production output of 600 MWh annually in Langen, close to its headquarters in Darmstadt. The company says it will be capable of manufacturing storage systems for up to 3,000 electric buses per year. All in all, Akasol invested 10m euros into the implementation of its semi-automatic production line.
electrive.net (in German)
Eurabus to bet on BMZ batteries
The BMZ Group (Germany) and Eurabus have signed a long-term master agreement with a volume of 150m euros. The contract includes the supply of more than 1,000 battery systems for electric buses within the next two to three years.