Battery market: massive growth and 52% lower prices
According to a new analysis, Bloomberg New Energy Finance (BNEF) has estimated that the market for lithium-ion batteries will drop prices by 52% before 2030, and that by 2040, the market will grow to 942 GW/2,857 GWh, requiring investments of around $620 billion.
Faraday Future “efficiently insolvent” says founder
The funds of Faraday Future are ultimately depleted and the EV startup “efficiently insolvent” founder Nick Sampson declared in an email to employees. Himself and senior product VP Peter Savagian have left the company and most workers have been sent on unpaid holiday.
CATL stock exchange looks increasingly timid
The plans for the stock exchange entry by Chinese battery cell manufacturer Contemporary Amperex Technology (CATL) are becoming more pronounced: The company starts accepting subscriptions from potential investors on Wednesday.
UK planning major battery and HPC network
The UK is installing a battery supported HPC charging network for electrified vehicles. The company Pivot Power and the National Grid are planning to connect 45 battery storage units with critical infrastructure junctions as part of a 1.6 billion pound project.