LG Energy Solution today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities - one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single...

24 March 2023

PowerCo, the new battery company of the Volkswagen Group, and Belgian circular technology group Umicore have obtained full regulatory approvals for their joint venture announced in September 2022. The partners can now swiftly proceed to prepare for large-scale industrial production of cathode active materials (CAM) and precursor materials (PCAM) in Europe. Cathode-active materials are the key technological lever for...

23 March 2023

Lexus is opening the order books for Lexus RZ 450e In Germany. Customers will benefit from the all-around carefree "Kanzen" package, which makes it easy to get started with electric mobility. The offer includes attractive additional services and a customer benefit of up to 6,000 euros (gross). In addition to the maintenance, which is included for the entire leasing period, customers receive a Lexus Wallbox worth 580...

23 March 2023

Stellantis and Samsung SDI marked a milestone today in the construction of their joint venture electric-vehicle battery manufacturing facility in Kokomo, Indiana, with the raising of the first piece of steel that will form the structure of the new gigafactory. The two companies announced the formation of the joint venture in May 2022, committing to invest more than $2.5 billion (€2.3 billion) and create 1,400 new...

23 March 2023

Stellantis announced it will invest over €130 million in the Eisenach Assembly Plant in Germany, producer of the Opel Grandland compact SUV, to add production of the BEV successor vehicle that will be built on the all-new STLA Medium platform. Production of the new BEV is scheduled to begin in the second half of 2024. Adding a BEV to Eisenach’s output supports Opel’s bold commitment to a fully electric product...

23 March 2023

Today, Genesis Motor America announced that the brand’s third all-electric model, the Electrified GV70 is now available at U.S. retailers. Assembled in the United States at the brand’s production facility in Montgomery, Alabama, the 2023 Genesis Electrified GV70 includes class-leading standard equipment and technologies. Built upon the award-winning GV70 platform, the Electrified GV70 features exceptional utility...

21 March 2023

Polestar has created a second limited-edition version of Polestar 2 within its Polestar Engineered portfolio – the Polestar 2 BST edition 230. Starting with the exceptional chassis modifications developed for ultimate thrills in the original BST edition, the new version puts more focus on performance design details. Unique design upgrades for the 350 kW and 680 Nm Polestar 2 BST edition 230 include exclusive green...

21 March 2023

Ford today revealed the new all-electric Ford Explorer. It is the first in a wave of innovative new electric vehicles from Ford and forges the way for a complete reinvention of the Ford brand in Europe. It is also the company’s first electric vehicle to be built at scale in the new Ford Cologne EV Centre in Germany. Engineered and built in Germany, the all-electric Explorer offers an outstanding digital experience...

21 March 2023

Kia Corporation today unveiled the Concept EV5 at Kia Chinese EV Day. The all-electric SUV concept took center stage at the event to present the brand’s strategy to establish global leadership in electrification. Inspired by Kia’s ‘Opposites United’ design philosophy, the Concept EV5 provides a preview of a production all-electric SUV model that will be launched first in China later this year. The Concept EV5 also...

20 March 2023

The close-to-production Audi Q6 e-tron is just the beginning of the largest model offensive in the history of the brand with the four rings. Audi will introduce more than 20 new models by 2025 – more than ten of which will be electric. The future Q6 e-tron model series marks the inauguration of e-mobility at the Ingolstadt headquarters. An in-house battery assembly facility underpins Audi’s commitment to electric...

20 March 2023

Genesis Motor America announced an expansion of electric vehicle sales in the United States. The brand's EV lineup is now available at select retailers in 15 states. This is another significant step as Genesis moves closer to its commitment to a more sustainable future, with the brand committing to delivering an all-electric lineup by 2030. The GV60 SUV, the Electrified GV70 SUV, and the Electrified G80 executive...

20 March 2023

BMW's press conference happened five days ago. So here are some belated pieces of important details concerning BEVs. For starters, BMW expects that BEVs will be its major growth driver for this year rising to a 15% share. In the past year, the BMW Group more than doubled its BEV sales to over 215,000 units, underlining its role as a pioneer in e-mobility. The company once again delivered significantly more...

20 March 2023

SK On participated in InterBattery 2023 held at Coex Convention & Exhibition Center, Seoul from March 15 to 17. Hosted by the Korean Ministry of Trade, Industry and Energy, InterBattery is Korea’s most representative battery exhibition event that attracts hundreds of battery companies and tens of thousands of visitors every year. This year, SK On’s exhibition at InterBattery is under the main theme of "Move On,"...

20 March 2023

LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise. LG Chem today proposed to license out its high-nickel cathode material patent to China-based cathode material suppliers. To that end, LG Chem plans to enforce its patent rights against other global...

20 March 2023

PowerCo SE is taking the next step in building its global battery business: In the Spanish region of Valencia, the company today gave the starting signal for construction of its second PowerCo cell factory. Gigafactory Valencia will start production of the unified cell in 2026 and will directly employ more than 3,000 people in the future, with a further up to 30,000 indirect jobs potentially being created at...

20 March 2023