General Motors has hired former Tesla battery-development boss Kurt Kelty as its new vice president of batteries. In this newly-created position, Kelty will be tasked with bringing together GM's development resources "to more quickly deliver profitable, lower-cost, higher performing electric vehicles to customers at scale," and will report...
General Motors has hired former Tesla battery-development boss Kurt Kelty as its new vice president of batteries. In this newly-created position, Kelty will be tasked with bringing together GM's development resources "to more quickly deliver profitable, lower-cost, higher performing electric vehicles to customers at scale," and will report...
An entry-level Toyota EV is unlikely in the near future due to high battery costs, an executive said in a recently published interview with Autocar. Some automakers are launching small, affordable EVs for the European market, but Toyota currently has no plans to follow them, Andrea Carlucci, the automaker's European development boss, said. That's...
China is leading the U.S. and Europe on EV battery recycling, according to a new Bloomberg report, and it may add to China's EV advantages in the future. The battery-recycling business in China is booming, according to the report, which cites data from consultancy Circular Energy Storage showing that "the nation dominates when it comes to...
Rivian is developing a simplified battery-pack structure for its R1S electric SUV and R1T electric pickup truck, CFO Claire McDonough said in a recent interview. Around the 14-minute mark in the roughly 40-minute interview, conducted during Barclays' 2023 Global Automotive & Mobility Tech Conference (and first spotted by Electrek), McDonough...
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...