battery

Lithium-ion battery is the component with the highest cost proportion for an electric vehicle. Generally speaking, li-ion batteries take more than a third of an EV's cost, or nearly 50%. However, according to the latest statistics,  between 2008 and 2021 , the costs of li-ion battery packs have  been falling  by as much as 87%. In the future, these costs are expected to keep falling. ...  more

Energy news websites and other media outlets have reported that Russian state-owned energy company Rosatom has chosen Kaliningrad as the location for its new manufacturing base for lithium-ion batteries. Bordering between Poland and Lithuania, the Kaliningrad Oblast remains strategically vital to Russia’s interests in the Baltic Region. ...  more

Automotive giant VW held an event celebrating the opening of its new EV battery R&D center in the German city of Salzgitter on September 13. In its press release about the event, the company also announced that it will be committing more resources into building up its expertise in battery technologies so as to progress forward in developing its own powertrain systems for EVs. ...  more

Major carmaker GM has told various media outlets that it plans to build two additional factories for manufacturing Li-ion EV batteries. Currently, GM has two EV battery plants under construction. With the two proposed plants, its annual EV battery production capacity is projected to surpass 100GWh. ...  more

News agencies in Europe have reported that the Czech Ministry of Industry and Trade and ČEZ Group signed a memorandum of understanding indicating that they will be working together to help establish a local EV battery manufacturing plant. The memorandum was signed on July 27, and it entails a project investment of around US$2.4 billion. The ultimate goal is to land a “gigafactory” that has an annual production capacity of 40-55GWh and provides at least 2,300 new jobs. ...  more

Park Jinyong, Asia marketing manager for LG Energy Solution, said that his company is currently developing a polymer lithium-sulfur battery. This new generation of all-solid-state battery technology, which is expected to offer even higher energy density, lower weight, and greater safety, could be applied to electric vehicles, drones, and remote-controlled crafts. ...  more

Foxconn on the 23rd of June announced the signing of a MOU with Gogoro, where the two companies will become strategic partners in technology and production. This partnership allows Gogoro to elevate its battery swapping technology, as well as the production capability and scale of smart electric scooters. It also allows Foxconn to showcase its high-tech production capability. With the partnership, Foxconn has once again furthered its development of EV batteries and global expansion. ...  more

According to reporting by BusinessKorea and other news agencies, Samsung SDI, which is the battery manufacturing subsidiary of Samsung, announced on May 25 that it will begin developing large-sized, all-solid-state battery cells in 2025 and have prototypes ready by the end of the same year. Furthermore, the mass production of all-solid-state cells is scheduled for 2027. ...  more

Electric vehicles have been in hot demand for nearly a decade, though consumers are still concerned about the existing battery technology in terms of the driving range and charging speed. Australia-based Graphene Manufacturing Group (GMG) has managed to develop a new graphene-conductive aluminum battery, and claims that the new battery is able to charge 60 times faster and possesses 3 times the driving range over the best automotive lithium battery in the current market.  ...  more