Hyundai Motor Group and LG Energy Solution have announced a joint venture to produce battery cells for electric cars in the USA. The Korean companies will invest over $4.3 bn and hold the JV equally. The selected site is the state of Georgia which is no stranger to Hyundai.
Read more
BMW will also manufacture its “Neue Klasse” or New Class electric cars in China. Following the market launch in 2025, the next-gen EV models will also be produced by the China joint venture BMW Brilliance Automotive (BBA) in Shenyang from 2026, as will the batteries required for them.
Read more
Stellantis and LG Energy Solution are suspending work on their battery factory announced last year in Windsor in the Canadian province of Ontario.
Read more- ADVERTISEMENT -
The Cellforce Group, the battery cell joint venture between Porsche and Customcells, announced a strategic partnership with Siemens. The two companies will join forces along the entire battery development and manufacturing chain.
Read more
French President Emmanuel Macron announced that the Chinese company XTC New Energy Materials will build a battery factory in Dunkerque at the presentation of ProLogium’s plans to build a battery plant in the same location.
Read more
Honda and GS Yuasa have agreed to establish a joint venture for battery development. The new company, called Honda GS Yuasa EV Battery R&D, will launch at the end of 2023. Both companies will hold a 50/50 stake in the company and are already planning a battery factory in Japan.
Read more- ADVERTISEMENT -
Mining company Glencore and battery recycling specialist Li-Cycle have announced plans to build Europe’s largest battery recycling plant on the Italian island of Sardinia. A final decision will be made next year.
Read more
Ghana’s Jospong Group, a major conglomerate, and US-based ZeroNox, which specializes in the electrification of commercial vehicles, have teamed up for a massive electrification project involving 1,000 rubbish trucks.
Read more
Iveco Group has announced plans to acquire Nikola’s electric truck joint venture in Europe, established in 2019. The deal will cost Iveco $35 million and will effectively buy out Nikola from the European markets. Nikola says it will focus on its US activities.
Read more
The Volkswagen Group and Bosch will not realise their planned joint venture to equip battery cell factories. Volkswagen and its battery subsidiary PowerCo are now pursuing the plan without Bosch as a partner – but Bosch will remain on board as a supplier.
Read more
The two Japanese companies Honda and GS Yuasa are planning a joint battery factory in Japan. Production is said to kick off in 2027. The cell factory is to be built and operated by a joint venture between the two companies that has existed for 14 years.
Read more
In Nigeria, the energy company Oando Clean Energy Limited (OCEL) has announced a partnership with China’s bus builder Yutong to put 12,000 electric buses on the roads over the next seven years and build the infrastructure for them.
Read more
Farasis Energy and the Turkish electric car manufacturer Togg have begun construction of their joint battery cell factory. Their joint venture Siro officially laid the foundation stone for this at the site in Gemlik, Turkey.
Read more
Hyundai Motor Group and SK On have formed a joint venture to produce battery cells for electric vehicles in the USA. The partners are investing a total of five billion dollars in the 50:50 joint venture.
Read more
Siro, a battery joint venture between Farasis Energy and Turkish EV manufacturer Togg, has started series production at its Gemlik site in Turkey. With an annual capacity of 3 GWh, battery modules and packs are now manufactured based on Farasis’ technology.
Read more
At the Shanghai Auto Show, Honda announced plans that it will only sell electric cars in China by 2035. The Japanese carmaker also provided a preview of new electric models to be launched on the Chinese market next year.
Read more
At the Shanghai auto show, Toyota presented two new BEV concept models that the Japanese carmaker plans to bring to market in China in 2024 together with its local partners. In addition, the bZ3 electric sedan has now officially gone on sale.
Read more
Volkswagen will invest around one billion euros to establish a new R&D centre for fully connected electric cars in Hefei, China. The Group announced the project at the Shanghai Auto Show today and set ambitious targets for the ‘100%TechCo’ unit charged with accelerating innovation locally.
Read more
Italy’s antitrust authority has opened an investigation into Enel, the country’s biggest utility, for possibly abusing its dominant position in charging stations for electric vehicles. The investigation concerns all of Enel’s EV charging business and could also have repercussions for Volkswagen.
Read more
The South Korean chemical company LG Chem is joining forces with the Chinese company Huayou Cobalt to build a factory for nickel, cobalt and manganese cathode precursor materials in South Korea.
Read more
SK On, cathode material company EcoPro, and Chinese battery material manufacturer GEM are building a production plant for precursors for electric car batteries. The site should be completed by the end of 2024 and have an annual capacity of 50,000 tons of precursors.
Read more
PowerCo, a battery company from the Volkswagen Group, and the Belgian materials technology group Umicore have received all regulatory approvals for their joint venture announced in September 2022.
Read more
EKPO, the fuel cell joint venture between ElringKlinger and Plastic Omnium, has received an order from a “global automotive manufacturer” to supply mass-produced bipolar plates for the latter’s future fuel cell system.
Read more
The French mineral oil group wants to sell its entire service station network in Germany and the Netherlands to the Canadian company Couche-Tard. The reason is allegedly the planned phasing out of internal combustion engines in Europe. In countries where TotalEnergies is not the market leader, the company wants to focus on hydrogen and charging […]
Read more
Denza, BYD’s Chinese joint venture with Mercedes-Benz, is preparing to launch a new model. According to the registration application with China’s Ministry of Industry and Information Technology (MIIT), the vehicle is an electric SUV called the Denza N7.
Read more
Honda has published more details on the conversion of its plants in the US state of Ohio for the future production of electric cars and the components for them. The Marysville Auto Plant (MAP) will begin preparations for the production of electric cars in January 2024.
Read more
Energy group Engie has formed a joint venture with logistics provider Ceva Logistics and French motorway management company SANEF to build and operate a network of refuelling and charging stations for hydrogen, biogas and electric trucks along European motorways.
Read more
Samsung SDI is to supply General Motors with cylindrical battery cells for electric cars. According to Korean media, the companies will build a joint manufacturing plant with an annual capacity of at least 30 GWh. And another carmaker could use Samsungs cylindrical cells.
Read more
Jet H2 Energy plans to build its first ten hydrogen refuelling stations in Germany and Denmark. These will supply cars as well as light and heavy commercial vehicles and buses with gaseous green hydrogen at 350 and 700 bar.
Read more
Honda and LG Energy Solution have begun constructing their joint venture battery cell factory in the US state of Ohio. The announced factory near Jeffersonville is expected to be operational by the end of 2025 with an annual production capacity of approximately 40 GWh.
Read more