The newly founded company, American Battery Solutions (ABS), which claims to be worth 50 million dollars, is announcing its arrival. ABS has signed a purchase agreement with Robert Bosch Battery Systems for test and production equipment and will take over the assembly plant of the Bosch subsidiary in Springboro, Ohio as well.
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Slovakian-based e-mobility company InoBat and Hungarian oil company MOL announced the signing of a Memorandum of Understanding to develop hydrogen projects. The focus will be on activities in Central and Eastern Europe.
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The German automobile supplier Dräxlmaier, located near Stuttgart, is starting series production of the 800-volt total battery system for the Porsche Taycan. For this purpose, the Bavarian company built their first battery assembly plant on an area of 10,000 sqm.
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Tesla has formally completed the acquisition of energy storage specialist Maxwell Technologies announced in February. In order to take control of the company, which specializes in supercapacitors and batteries, Tesla is transferring shares worth around $235 million.
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The government of the United Kingdom is planning to support the UK Battery Industrialisation Centre being built in Coventry with a further £28 million in funding. The planned battery facility is planned to provide testing facilities for new battery technologies and training for experts.
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The European Investment Bank (EIB) has announced their principle agreement to support the financing of Northvolt’s planned battery factory for the production of lithium-ion cells in Skellefteå, Sweden, with a loan of 350 million euros.
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The partner for Volkswagen’s decision to start mass production of battery cells for electric cars will not be the South Korean manufacturer SK Innovation as was rumoured. Rather, the German carmaking giant is turning to the Swedish startup Northvolt for all its battery requirements.
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The Volvo Car Group has signed long-term contracts with CATL and LG Chem to ensure battery supply for the next generation of Volvo and Polestar electric models over the next decade. The orders are worth several billion dollars.
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Volkswagen’s Swedish commercial vehicle brand Scania has apparently signed a contract with the Swedish company Northvolt to supply battery cells for electric vehicles. The supply volume of the contract is not known.
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Volkswagen’s supervisory board has announced the automaker’s entry into battery cell production and is ready to invest one billion euros. Depending on the political circumstance, VW wants to set-up production in Germany at its Salzgitter site in Lower Saxony.
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The German manufacturer SGL Carbon and the Chinese electric car manufacturer Nio have developed a prototype of a battery housing made of carbon fiber reinforced plastic (CFRP) for electric vehicles. It is around 40% lighter than comparable aluminum housings.
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Akasol presented its new AKASystem AKM CYC commercial vehicle high-energy battery at the Battery Show Europe. The battery module and system are now in series development.
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U.S. American battery manufacturer, Farasis Energy, plans to build an electric car battery production plant in Bitterfeld-Wolfen in Saxony-Anhalt. The battery giant wants to invest more than 600 million euros in the new plant with its newly founded subsidiary, Farasis Energy Europe.
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The U.S. American powertrain supplier BorgWarner announced the founding of a joint venture with Romeo Power Technology, a Californian supplier of battery modules and battery packs founded in 2015 by former SpaceX, Tesla and Samsung engineers.
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The share price of the German battery systems manufacturer Voltabox plummeted after auditors found a total of nine errors in the consolidated financial statements for 2017. Among other things, the loss margin was apparently understated by more than 14 million euros.
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Audi wants to intensify the development of fuel cell cars, despite the mother group’s focus on battery electric mobility. Audi boss Bram Schot said: “We really want to accelerate it. We will give more priority to hydrogen fuel cells – more money, more capacity and more confidence.”
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The Franco-German initiative announced last December for setting up a battery cell production facility is becoming concrete. The economic ministries of both countries have now proposed the alliance as the first consortium for funding from the EU Commission.
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The U.S.-owned subsidiary of the South Korean battery cell manufacturer LG Chem has filed two lawsuits in the USA against its South Korean competitor SK Innovation. The accusation: Employees hired by LG Chem are said to have disclosed business secrets of the company.
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Korea Gas announced that by 2030 it intends to invest the equivalent of around 4 billion dollars in the construction of 25 hydrogen production plants and pipelines with a total length of 700 kilometres to transport the gas in South Korea.
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The German automobile supplier Bosch announced their entry into serial production of fuel cells for trucks and passenger cars. To help accomplish this, the company has entered into a cooperation with the Swedish manufacturer PowerCell Sweden for further development and production of stacks.
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The electric car brand Enovate of China that belongs to DearCC has signed a cooperation agreement with cell manufacturer ProLogium of Taiwan to work together on the commercialisation of solid-state batteries for electric cars.
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This year, Panasonic could upgrade one of its battery factories in domestic Japan to produce not only the 18650 battery cells for the Tesla Model S and Model X, but also the newer 2170 cells for the Model 3.
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After Andreas Wendt, the Board Member responsible for purchasing, recently announced that BMW will no longer purchase cobalt from Congo for the introduction of the fifth generation of electric vehicles from 2020/21, it is now clear that the raw material will instead come from Australia and Morocco.
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Volkswagen has joined an industry initiative for responsible purchasing of strategic minerals, especially cobalt. Blockchain technology is to help to improve efficiency, sustainability and transparency in global and complex supply chains.
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Skeleton Technologies of Estonia that specialises in ultracapacitor cells is ready to grow its production in Saxony, Germany. The startup promised to spend an extra 25 million euros and estimates this will increase the workforce tenfold.
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The planned update of Tesla for Model S and Model X may be more extensive than expected. Sources with access to Tesla’s latest software code suggest that the two electric cars will receive not only a new drive but also new battery cells.
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Tesla published a sustainability report in which the electric car manufacturer also describes its approach to battery recycling. Tesla is so far cooperating with external recycling companies but says this is only an interim solution.
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Daimler has acquired a minority stake in the Californian battery materials specialist Sila Nanotechnologies, with which BMW already cooperates. The company completely replaces conventional graphite electrodes with silicon-dominated composites.
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After the final take over by Envision Group of China earlier this month, the former Nissan battery subsidiary Automotive Energy Supply Corporation (AESC), has begun the construction of its first battery factory in China.
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Hyundai and the Swiss company H2 Energy (H2E) have confirmed their commitment to establishing a joint venture called Hyundai Hydrogen Mobility. The JV’s first goal is to open up the European hydrogen mobility ecosystem with fuel cell trucks.
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