Stellantis has now officially confirmed plans to establish another joint venture in North America for the production of battery cells and modules. In addition to a corresponding cooperation with LG Energy Solution, Stellantis also wants to build a new battery factory in North America with Samsung SDI, as previously leaked.
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The US investment firm BlackRock is to lead a capital increase of 750 million euros by the Ionity joint venture, which intends to use the money to expand further its high power charging network, German media reports. There is also an indication of the next expansion stage.
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Only a day after news broke of Stellantis and LG Energy Solution planning a joint venture to manufacture battery cells and modules in North America, it appears Stellantis is setting up a similar joint venture with Samsung SDI.
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Taiwanese contract manufacturer Foxconn has unveiled three prototype electric vehicles it developed itself. The Model C SUV, Model E sedan and Model T city bus all run under the Foxtron brand.
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Stellantis and LG Energy Solution have announced a joint venture to manufacture battery cells and modules in North America. A factory with an annual production capacity of 40 GWh is planned to go into operation in the first quarter of 2024.
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Hyvia, the joint venture set up this year by Renault and fuel cell specialist Plug Power, has unveiled near-production prototypes of the Renault Master H2-Tech and its announced hydrogen filling station. The latter will be available for purchase, lease or rent in the future.
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Norwegian battery company Freyr has announced the formation of a joint venture in the US together with Koch Strategic Platforms. The aim of the joint venture is to evaluate the development of a US battery cell factory.
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Cellforce, the battery joint venture between Porsche and Customcells, has ordered a system for coating electrodes for high-performance battery cells from the machinery and plant manufacturer Dürr.
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Plug Power and SK Group’s SK E&S division have formed their joint venture announced earlier this year to provide fuel cell systems, hydrogen fueling stations and electrolyzers to the Korean and other Asian markets.
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The commodities group BHP and the Toyota-Panasonic joint venture Prime Planet Energy & Solutions have agreed on a memorandum of understanding on the supply of nickel. The material is to come from BHP’s new production facility in Western Australia.
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UK-based eVOTL start-up Vertical Aerospace is partnering with Japanese trading company Marubeni to bring its VA-X4 electric vertical take-off aircraft to Japan. Marubeni has also signed an intention to purchase up to 200 units of Vertical’s electric aircraft as part of the deal.
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The Californian electric car start-up Mullen Technologies announces an agreement with the German drive specialist Hofer Powertrain to develop and produce electric drives for its vehicles. Mullen also announces further models.
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Mercedes-Benz acquires a stake in the European battery cell manufacturer Automotive Cells Company (ACC). The German car manufacturer becomes an equal shareholder together with Stellantis and Total. In the course of this announcement, the car manufacturer also gives further details of its battery strategy.
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Volkswagen is starting to build a production plant for battery systems in Hefei, China. The factory will initially supply between 150,000 and 180,000 high-voltage battery systems for Volkswagen Anhui’s all-electric MEB vehicles from the second half of 2023.
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The Chinese internet giant Baidu is setting its sights on the market for heavy goods vehicles through its subsidiary DeepWay. For 2023, the company is holding out the prospect of an electric “robot truck”, for which some key data has already been announced, such as a battery change system that is supposed to provide fresh […]
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The German electric aerial taxi developer Volocopter has founded a joint venture with the Geely subsidiary Aerofugia in Chengdu, China. The joint goal of the partners is to bring urban air mobility to China within the next three to five years.
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The Hongguang Mini battery capacity is to increase to 26 kWh (compared to 9 or 14 kWh in the current variants), which should enable an NEDC range of more than 300 km. This would also make the Mini EV eligible for subsidies in China.
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According to media reports, the Porsche Board of Directors wants to decide where to build the planned 100 MWh battery cell factory in the next few weeks. So far, Tübingen, Gärtringen or a location near Heilbronn are being considered.
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The VW Group apparently wants to increase its influence on one of the joint ventures in the expansion of e-mobility in China and could thus risk conflicts with other partners.
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Renault appears to be willing to break up its electric van joint venture in China. According to news agencies, the French company was in advanced talks to end its JV with China’s state-backed Brilliance, which was established at the end of 2017.
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With the Concept #1 at the IAA Mobility in Munich, Smart gives a concrete preview of the first series model of the new all-electric vehicle generation. Instead of a small electric two-seater, there will be an SUV model from Smart in the future.
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EKPO Fuel Cell, the joint venture between ElringKlinger and Plastic Omnium, is shining the spotlight on various next-generation fuel cell stack platforms at next week’s IAA Mobility. They are said to feature an improved design and higher performance.
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Symbio, the fuel cell joint venture between Faurecia and Michelin established in late 2019, is expanding into the US. The company has announced the formation of Symbio North America and the appointment of Rob Del Core as general manager.
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The Chinese joint venture GAC Honda wants to increase its production capacities for electric cars and plug-in hybrids by 120,000 vehicles per year with the construction of a new plant. Construction is scheduled to begin in October this year and be completed in 2024.
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British mining company Bluejay Mining and mineral development company Kobold Metals, backed by billionaires such as Bill Gates and Jeff Bezos, have signed a joint venture agreement to explore for key materials for electric vehicles in Greenland.
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Hyundai Motor and LG Energy Solution have reached an agreement with the government of Indonesia to build a battery cell factory in Karawang near the capital Jakarta. The factory is scheduled to start production in the first half of 2024 with an annual capacity of 10 GWh.
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The announced joint venture between LG Electronics and Magna to manufacture electric motors, inverters and onboard chargers, as well as complete electric drive systems, has now been sealed. The joint venture’s management team is also now in place.
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Customcells announces the completion of a financing round in which the battery specialist brings three new shareholders on board. Among them Porsche. The move comes just a short time after the joint founding of a battery joint venture with Porsche and can be seen as a push towards large-scale production.
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Foxconn and Nidec have launched talks to set up a joint venture in Taiwan next year to accelerate electric vehicle motor production as the two Apple suppliers push further into the market. Nidec wants Foxconn to help make automotive its largest business driver – only there’s some way to go.
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Volkswagen’s battery partner Gotion High-Tech also wants to produce the Group’s new unified battery cells in China, local media reports. The corresponding factory is to be built on an area of 333,000 square metres in the city of Hefei and designed for an annual production capacity of 20 GWh.
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