The Department of Energy (DOE) on Friday issued proposed guidance on foreign battery content in EVs that could cut the federal tax credit for some models. But it also provides a clearer picture for automakers and battery suppliers. Starting Jan. 1, EVs are ineligible for the federal tax credit of up to $7,500 if they have key battery components...
The Department of Energy (DOE) on Friday issued proposed guidance on foreign battery content in EVs that could cut the federal tax credit for some models. But it also provides a clearer picture for automakers and battery suppliers. Starting Jan. 1, EVs are ineligible for the federal tax credit of up to $7,500 if they have key battery components...
Market experts are carefully watching a drop in lithium prices—and what impact that could have on EV costs—according to a new Bloomberg report. Lithium's benchmark price in China—the world's largest new-car market and a center for battery production—is down about 80% from its November 2022 record high, the report noted...
Chinese automaker Geely—parent company of Volvo, Polestar, and Lotus—has signed an agreement with Nio to use the latter's battery-swapping tech in the Chinese market. Under the agreement, the two companies "co-develop two battery swapping standards for private cars and commercial vehicles," promote adoption of the technology, and scale...
Following substantial increases in 2022, EV battery prices are falling again, according to new analysis from Bloomberg New Energy Finance (BNEF). Lithium-ion battery pack prices have fallen 14% this year to a record low of $139 per kwh, BNEF reported this week. This was driven by decreases in raw-material and component prices, as well as...
Toyota and battery-recycling firm Redwood Materials on Thursday announced an expansion of their previous agreement that will see Toyota source battery materials from Redwood for future battery production. Toyota announced plans to work with Redwood on recycling of battery materials in June 2022. But it's now confirming plans to also source...
The electric vehicle brand Polestar has announced that it plans to make the first EV with extremely fast-charging, semi-solid-state battery cells from the tech firm StoreDot. The announcement was made as part of a Polestar Day event held in Los Angeles on Thursday, where the companies demonstrated both the charging of StoreDot’s...
Hyundai is developing a new generation of lithium iron phosphate (LFP) batteries for affordable EVs, The Korea Herald reported this week. The automaker is undertaking a two-year joint venture with battery makers based in its home country of South Korea that aims to see development work on LFP batteries completed in 2024, and for the batteries to...
The Polestar 5 will use massive battery cells from supplier SK On that the automaker claims will maximize efficiency and range. Polestar announced SK On as the battery supplier for the 5, which is due in 2024 at a price of more than $100,000 Monday, also confirming that the new flagship EV will use high-nickel cells measuring about 22 inches long...
Ford is delaying production at one of two EV battery plants located on a common site in Kentucky, the Louisville Courier Journal reports. Citing lower-than-expected demand for EVs, Ford will continue production of the two plants comprising the BlueOval SK Battery Park, a joint venture with battery supplier SK On in the state that's being financed...
Factorial Energy recently announced the opening of a new manufacturing facility it claims is the largest thus far in the U.S. for solid-state batteries—although there's not yet a timeline for scaled-up production. Located in the Boston suburb of Methuen, Massachusetts, near Factorial's existing headquarters and R&D center, the $50...