Volkswagen, Samsung SDI, Chevrolet, NOHMs Technologies.
No VW battery plant: VW CEO Matthias Müller snubbed the possibility of setting up a VW battery production plant, telling German Handelsblatt that they would not do something “that foolish.” Cell production is highly automated and would therefore only create few jobs, while costing “an arm and a leg.”
Yes to Samsung battery plant: Samsung SDI meanwhile decided to set up shop in Hungary. It will invest some 358m dollars in a battery plant, said to churn out battery packs for some 50,000 EVs per year. The factory near Budapest is said to open its doors in the second half of 2018.
In the army now: GM is working with the U.S. army on the development of fuel-cell-powered Chevrolet Colorado for military purposes. A first prototype of the H2 pick-up is said to be unveiled in October.
Non-flammable electrolytes: Cornell University spin-out NOHMs Technologies has collected 5m dollars in funds to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. The NanoLyte Electrolytes contain ionic liquids, making them more resistant without compromising battery power.