NHK reports that Panasonic plans to build a 4680 battery plant in the USA

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

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

Nouveau Monde Graphite Inc. (NMG), Mitsui, and Panasonic Energy have entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada. NMG will use the proceeds of the abovementioned investment to work in the upcoming months on optimizing the feasibility study...

27 October 2022

Europe's passenger EV sales increased by 16% YoY in Q2 2022, according to the latest research from Counterpoint's Global Passenger Electric Vehicle Model Sales Tracker. Battery electric vehicles (BEVs) accounted for 55% of total EV sales during the quarter. Germany, with a 28% share, remained the European EV market leader, followed by France with 16%, and the UK with 14%. Among other European nations, Spain and the...

14 October 2022

Market research agency Counterpoint reports that the global passenger EV sales grew 61% YoY to reach 2.18 million units in Q2 2022. In total EV sales, battery electric vehicles (BEVs) accounted for almost 72%, and plug-in hybrid electric vehicles (PHEVs) for the rest. China remained the market leader in EV sales, followed by Europe and the US. China's EV sales increased by almost 92% YoY in Q2 2022 to reach 1.24...

29 August 2022

Panasonic Energy and Kansas Gov. Laura Kelly jointly announced that the state of Kansas has approved an Attracting Powerful Economic Expansion (APEX) state incentive application submitted by Panasonic Energy. The agreement would make the state the location for a proposed US-based lithium-ion battery manufacturing facility, pending approval by Panasonic Holdings Corporation Board of Directors. Panasonic Energy plans...

14 July 2022

Yesterday, LG Energy Solution said that it will invest 730 billion won in its Ochang facility to expand the production capacity of cylinder batteries. 580 million won of those will go to the site's second factory, increasing the 4680 batteries' annual capacity by 9 GWh. The rest of the investment will be used in the first factory for increasing by 4 GWh the annual capacity of the 2170 batteries. The production...

14 June 2022

Korean news outlet The Elec reports that according to its sources Samsung SDI is testing at least two versions of 4680 cylinder batteries which it started developing for Tesla. One of the variants follows the original specification announced by the brand. Another variant has a lower than 80 mm height - between 40 and 60 mm, while retaining the 46 mm diameter. The change in height is to make Samsung SDI's batteries...

1 June 2022

The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit, and an operating margin of over 19%. In terms of revenues, automotive ones for Tesla have increased by 87% YoY to $16.861 billion with automotive gross profit increasing by 132% YoY. The operating income improved to $3.6B in Q1, resulting in a 19.2% operating margin. In Q1 of...

21 April 2022