Report: Tesla will no longer use Panasonic batteries for its production in China

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

Tesla's 2023 Investor Day offered several interesting pieces of information. For starters, during the time for vehicle design, Tesla presented in detail how it optimized the manufacturing process starting from design to the assembly resulting in decreasing the "nothing-to-do" time and more than 40% reduction in manufacturing footprint. Thus the company will build factories faster, with less CapEx and more output per...

3 March 2023

Piedmont Lithium, a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, announced that it has signed agreements with LG Chem, under which LG Chem will make a $75 million equity investment in Piedmont and commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont's jointly-owned North American Lithium over a four-year term. LG Chem will...

19 February 2023

Ford has committed to producing both nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries in the U.S. The brand is investing $3.5 billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s EV lineup. This plant – called BlueOval Battery Park Michigan – initially will employ 2,500 people when production of LFP batteries...

14 February 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

The Global Battery Alliance (GBA), the world's largest multi-stakeholder organization to establish a sustainable battery value chain by 2030, today launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris...

18 January 2023

According to Digitimes Research reported by Digitimes Asia, the global sales of electric vehicles have reached 9.78 million units in 2022. The projected growth for this year is 49% to 14 million units sold globally. Of those, 9 million are expected to be sold in China only. Even now, China's share of the global EV sales is higher than 60%. For comparison, Europe sales account for 24% of the total sales, and USA...

11 January 2023

The latest Coutnerpoint research of the EV market noted down that Tesla is clearly leading the US EV market, and ts Q3 2022 "eclipsed the next 15 brands combined." The overall US EV sales grew by almost 52% YoY during Q3 2022 despite macroeconomic headwinds. BEV sales grew by more than 78% YoY during Q3 and constituted over 80% of the total US EV sales. Tesla sales in the US grew by more than 56% YoY during the...

5 January 2023

Tesla has announced its fourth-quarter results for 2022. In this period, the company has produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew by 40% YoY to 1.31 million while production grew by 47% YoY to 1.37 million. Tesla continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of...

3 January 2023

In a short press release announcement, Tesla revealed it will host its 2023 Investor Day on March 1. The event will be live-streamed from the brand's Gigafactory Texas, with the option for some of its institutional and retail investors to attend in person (details to follow). The investors will be able to see Tesla's most advanced production line as well as discuss long-term expansion plans, the generation 3...

3 January 2023

On April 6 earlier this year, CATL received the second permit for its battery cell production plant in Thuringia, Germany. Today, CATL announced that the plant has kicked off serial production of lithium-ion battery cells in December as scheduled. This is the brand's first facility outside of China. Dubbed CATT, the plant consists of two buildings: G1, an existing building purchased from another company where cells...

22 December 2022

CATL and Honda announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL. In 2020, CATL and Honda signed an agreement to form a comprehensive strategic alliance on new energy vehicle batteries, which has enabled the two companies to cooperate in a broad range of areas including joint development, stable supply, and the recycling and reuse of...

14 December 2022

Panasonic Energy and Lucid Group announced they have entered into multi-year agreements to supply batteries for Lucid's award-winning luxury electric vehicle, Lucid Air, the fastest-charging, longest-range EV on the market, and Lucid's upcoming Gravity SUV. The agreement marks another milestone in Panasonic's plans to expand production of lithium-ion EV batteries beyond Japan and into the U.S. with production coming...

14 December 2022

Panasonic Energy began construction on a new lithium-ion battery manufacturing facility in De Soto, Kansas. The project will drive significant economic activity and opportunities for the local Kansas economy making the state a key player in the domestic electric vehicle (EV) industry. Facility construction is focused on rapidly ramping up manufacture of "2170" cylindrical Li-ion batteries to meet surging domestic EV...

7 November 2022