BPW applies BMW battery tech to trucks
At the IAA Commercial Vehicles, BPW Bergische Achsen has announced a cooperation with BMW i. In the frame of the cooperation, BPW will be using BMW i battery technology to develop a more powerful axle-motor for electrified trucks.
Tesla secures long term lithium hydroxide supply
The Chinese firm Ganfeng Lithium has signed an agreement with Tesla for the delivery of lithium hydroxide. The agreement runs from 2018 until 2020, with an option to extend for another three years. Ganfeng Lithium will deliver one fifth of their total lithium hydroxide stock to Tesla.
Voltabox acquires Accurate
The German battery system manufacturer Voltabox has completed another corporate takeover: This time, the expansion cost 5 million euros, going to a German supplier of battery systems specialized on pedelecs; Accurate Smart Battery Systems.
ElringKlinger to enter IAA with new products
ElringKlinger is ready to show new product innovations at the IAA Commercial Vehicles, particularly in the battery and fuel cell technology areas. An example is their PEM fuel cell stack with 260 cells. The supplier also packed new electric drive units to go on display.
Battery Alliance to enter serial production in 2020
There is news from the Battery Alliance initially announced in February: the partners Saft, Siemens, Solvay and Many have announced that they would enter serial production of an improved lithium-ion battery format utilising high-density liquid electrolytes in the first half of 2020.
Volkswagen boosts stake in QuantumScape
Volkswagen has now completed their planned stock increase of QuantumScape. The Germans have invested 100 million dollars in the battery specialist, with whom VW intends to establish mass production of solid-state batteries.
LG Chem to supply batteries to Vietnam
LG Chem has agreed to deliver batteries for electric scooters produced by the Vietnamese startup VinFast. The latter is part of the Vingroup that also makes smartphones and electric buses which will also use LG Chem batteries.
Farasis sets up production in China and EU
The US American battery specialist Farasis Energy has managed to collect more than one billion dollars in a new financing round. The money will be used to fund the expansion plans for the company, which include the set up of a new factory in Europe, to join the recently completed factory in China.
LG opens new battery factory for Chevy Bolt
In order to boost GM’s Chevy Bolt production by more than 20% this Fall, as planned, a new LG factory is being set up in Michigan, where they will supply battery packs to the GM assembly facility in Orion, where the Bolt is being manufactured.