Bosch and CATL cooperate on 48 kW batteries
Bosch and CATL have agreed on a long-term cooperation for battery cells. Perhaps surprisingly, this is not about battery cells for purely electric cars, but for 48-volt hybrids.
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CATL doubles profits for first half of the year
In the first half of 2019, the Chinese battery manufacturer CATL was able to achieve strong growth in sales and profits compared to the same period of the previous year. The biggest sales driver continues to be business with electric car batteries.
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Tesla to buy batteries from LG Chem for China Model 3
It appears the rumours were true: Tesla will buy batteries from LG Chem for its electric car production in China. Media agencies cite inside sources confirming the deal that would affect both the Model 3 and future Model Y.
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Hyundai launches two battery-electric models in China
Hyundai is launching its second and third electric model on the Chinese market this year. The electric version of the Hyundai Encino (known outside China as the Kona) will be launched in October, before a battery-powered version of the Lafesta sedan, available exclusively in China, will follow in December.
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Volvo banks on Blockchain for cobalt transparency
Volvo wants to use blockchain technologies to increase transparency regarding the origin of the cobalt used in the batteries of their electric cars. The first project in China, the home country of Volvo’s mother company Geely, has now been launched.
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Indonesia: International consortium seeks nickel & cobalt
An international consortium of renowned e-mobility players plans to build a resource mining plant for lithium-ion batteries on the Indonesian island of Sulawesi. In concrete terms, the project reportedly involves nickel and cobalt. Apparently, Tesla, CATL, LG Chem, Daimler and Volkswagen aim to participate in the consortium.
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Toyota and CATL enter a series of collaborations
Toyota has just announced the cornerstones of a comprehensive battery collaboration with Contemporary Amperex Technology (CATL). This includes not only a “stable” supply of CATL batteries for Toyota but also the development of new battery technologies and more.
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Xpeng Motors boosts range of G3 electric SUV
The Chinese electric car startup Xpeng Motors is launching an updated version of its G3 SUV, which was only launched in December 2018. The electric SUV for the Chinese market now features CATL batteries with higher power density.
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VW to support battery suppliers with production setup
Volkswagen wants to use financial support and the establishment of joint ventures to persuade battery cell suppliers to produce sufficient energy storage systems for the Group’s electrical offensive at a faster pace. Many suppliers remain hesitant.
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CATL to begin Erfurt battery factory construction by fall
CATL plans to start building its planned battery cell factory for electric cars near Erfurt this autumn. According to Matthias Zentgraf, European head of the Chinese company, the ground-breaking ceremony could probably take place in mid or late September.
Weiterlesen CATL massively increases investment in Erfurt
Chinese battery cell manufacturer CATL has decided to increase the investment in its planned factory in Erfurt by a factor of 7.5: Instead of the originally planned 240 million euros, 1.8 billion euros are now earmarked for the German location.
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Toyota speeds up battery-electric cars with CATL & BYD
Toyota has now announced that it will enter into a number of collaborations in China to accelerate the development of its electric cars by 5 years and to ensure the supply of key components such as batteries. The new partners include CATL and BYD, among others.
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China: Hyundai Kona Electric driving on CATL batteries
Hyundai has received approval in China to sell its all-electric Kona. In order to benefit from the Chinese subsidies, Hyundai is not allowed to equip the Kona Electric with batteries from LG Chem, as usual, however.
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Is BMW considering fully electric version of the i8?
For the next generation of its i8 plug-in hybrid sports car, BMW is apparently in favour of a fully electric drive with core elements from the BMW iNext’s electric all-wheel drive. The battery cells could be supplied by the Chinese manufacturer CATL.
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Volvo Group signs up for batteries from CATL and LG Chem
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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Geely subsidiary Geometry presents first BEV
Geely has introduced its first fully electric car brand, named Geometry, alongside its first model Geometry A. By the year 2025, ten electric models will be launched under the new brand in several segments, including sedans, SUVs and vans.
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BMW to stop purchasing Congo cobalt in 2020/21
According to Andreas Wendt, the board member responsible for purchasing at BMW, the company will no longer purchase cobalt from the Democratic Republic of Congo with the introduction of the fifth generation of electric vehicles from 2020/21.
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VW aiming for 22 million electric cars by 2030
The Volkswagen Group has just announced that over the next ten years it will build 22 million electric vehicles on company-owned electric-platforms, which means some seven million more than previously planned. It will also increase the number of electric models.
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Tesla in negotiation with CATL for battery cells
Tesla appears to be negotiating with Contemporary Amperex Technology (CATL) to supply battery cells for its Model 3, manufactured in Shanghai, China. The talks between Tesla and CATL have been concerning the required specifications for the cells. The battery cell manufacturer has since denied intentions of entering business with Tesla.
Weiterlesen China: FAW and CATL launch battery JV
The battery cell manufacturer CATL and the state-owned Chinese car manufacturer FAW have founded a joint venture for the development, production and sale of lithium-ion batteries. It has a starting capital of two billion yuan (approx. 263 million euros).
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Honda decides on CATL battery cells
With Honda, another car manufacturer opts for battery cells from Contemporary Amperex Technology (CATL). An agreement has now been signed for CATL to supply battery cells with a total capacity of around 56 GWh to Honda by 2027.
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Geely & CATL found battery JV in China
The vehicle manufacturer Geely is founding a joint venture with the battery cell manufacturer Contemporary Amperex Technology (CATL). The joint venture will be called CATL Geely Power Battery and will launch with a starting fund of one billion Yuan (130 million euro) by the two partners.
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Daimler orders €20BN worth of batteries
Daimler will buy battery cells worth more than 20 billion euros to ramp up for its electric strategy until 2030. Although the company has made the announcement, it has unfortunately not specified with which companies they have placed their orders.
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Tesla electric car batteries ahead of the pack
Analysts from UBS teamed up with engineers to figure out which electric vehicle batteries made by established manufacturers offer the best value. They concluded that cells made by Panasonic in Tesla’s Gigafactory are 20 per cent more cost efficient than the next best on offer from LG Chem.
Weiterlesen CATL moves into German battery factory early
The Chinese battery cell giant CATL has moved into the offices near the planned battery factory in Erfurt, Germany. Moreover, they are also accelerating their entire schedule, according to European boss Matthias Zentgraf, who said “it is all about tempo”.
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Europe’s battery cell plans in numbers
Germany’s Federal Minister for Economic Affairs and Energy, Peter Altmaier, wants to have about 30% of global battery production in 2030 take place in Europe. What this would entail in terms of factories is described below.
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BMW secures CATL battery cells worth four billion euros
BMW has confirmed that the upcoming CATL factory in Erfurt in 2021 will also supply batteries for the iNEXT. CATL will deliver battery cells worth four billion euros to BMW as part of the agreement signed some months ago.
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CATL & Panasonic profits drop due to investments
Competing for the top of the battery value chain comes at a cost as the latest earnings of both CATL and Panasonic show. While China’s cell making powerhouse reports a plus 60% in revenue, their profit fell. Panasonic paints a similar picture and in both cases, investments are weighing heavy – for now.
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China: SAIC-GM & CATL forge new battery alliance
General Motor’s joint venture in China, SAIC-GM agreed a cooperation with battery giant CATL. They aim to deepen cooperation in R&D for GM’s next battery technology for new energy vehicles in China. The move is a necessary one for GM.
Weiterlesen CATL to begin German factory construction in 2019
The Chinese battery cell manufacturer CATL will begin construction of their planned battery cell factory in Germany next year, according to Europe boss Matthias Zentgraf. The production start for the battery cells is estimated for 2022.
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