Toyota and Panasonic established a JV for the production of EV batteries

The General Terms and Conditions between Tesla and Panasonic dating back to October 1, 2014, have been restated and amended. The 2020 GTC, among other things, modifies the term to expire 10 years after Panasonic achieves certain manufacturing milestones. On June 10, 2020, Tesla and Panasonic also entered into the 2020 Pricing Agreement effective as of April 1, 2020 until March 31, 2023, relating to the manufacture...

18 June 2020

LG Chem finally took the top spot in the global electric vehicle (EV, PHEV, HEV) battery usage ranking according to the sales in the first quarter of 2020. Samsung SDI and SK Innovation ranked 4th and 7th respectively. In the first quarter of 2020, the total battery energy of electric vehicles registered in vehicles around the world was 20.4 GWh, down 14.2% from the same period last year. This is due to the slowdown...

7 May 2020

China-based BYD and Toyota's Hino Motors, which is focused on the production of commercial vehicles have signed a strategic business alliance agreement with a focus on commercial battery electric vehicles development. Wang Jie, BYD vice president and CEO of commercial vehicle division, stated that "BYD Commercial Vehicle and Hino Motors has been committed to technology innovation and global promotion of commercial...

26 April 2020

According to SNE Research and its data for the global EV battery usage in February 2020, the South Korean companies have gained a total of 42% of the market share, which is deemed as a real breakthrough. Panasonic is first with 34.1%. LG Chem is second with 29.6%. CATL is third with 9.4%. AESC Japan is fourth with 7.7%. Samsung SDI is fifth with 6.5% and SK Innovation is sixth with 5.9% market share. They are...

2 April 2020

Today, Toyota and BYD announced that the registration of their 50-50% joint venture company is completed. The new company is named BYD Toyota Technology Co., LTD. and will be based in Shenzhen, China. Its main goal will be to research and develop battery electric vehicles (BEVs) and related technologies. New Chairman Hirohisa Kishi said with regard to the establishment of the company, "With the engineers from BYD...

2 April 2020

Adamas Intelligence reports that in 2019, over 14,400 tonnes of cobalt were deployed globally in batteries of newly sold passenger BEVs, PHEVs, and HEVs. This is a 34% YoY increase. CATL has the largest portion of the pie - 21% LG Chem is second with 20%, Panasonic comes third with 17%. The fourth and fifth place are taken by BYD and Samsung SDI with 11% and 9%, respectively.

28 February 2020

After making a formal Europe announcement of the Lexus LF-30 Electrified Concept and the Lexus UX300e a month ago, Toyota announced that it will showcase the Lexus LF-30 Electrified Concept at the Geneva Motor Show. Lexus LF-30 Electrified Concept specifications and features The new Lexus LF-30 Electrified Concept was unveiled at the Tokyo Motor Show last year but today the brand provides some more details about its...

20 February 2020

SNE Research has come up with the annual global EV battery usage for 2019. The data is based on information about the sales of electric vehicles (EV, PHEV, HEV) in 76 countries across the globe and data on batteries installed in electric vehicles registered during this year. The statistics show that the three major Korean manufacturers have increased their market share in terms of sales. CATL is on top, followed by...

10 February 2020

At the Tokyo Motor Show 2019, Lexus unveiled its global electrification strategy "Lexus Electrified", which enables integrated powertrain, steering, suspension and brake control. This allows the driving force to be controlled in such a way that ideal road handling is guaranteed in every driving situation for driving pleasure and maximum safety. In November 2019, the company unveiled its first all-electric vehicle...

15 January 2020

According to a report from SNE Research, cited by Yonhap, the South Koream manufacturers of EV batteries experienced an increase in their market shares. LG Chem takes the third place in the world with 10.7% market share and 1 GWh of its EV batteries used in September. This is a 69% YoY increase. Samsung SDI is sixth in the world with a 3.8% market share that has increased by 37.9% YoY. Finally, there's SK Innovation...

22 November 2019

Toyota has unveiled its first battery electric vehicle under the Lexus brand. The Lexus UX 300e will be displayed at the Guangzhou International Automobile Exhibition, which will be held in Guangzhou, China, from November 22 to December 1, 2019. It is the first production model under the Lexus Electrified banner and is based on the brand's global electrification strategy, called "Lexus Electrified". It enables...

21 November 2019

Panasonic announced that together with Professor Masahiro Fukui of Ritsumeikan University, it has developed a new battery management technology that measures a battery's electrochemical impedance, which is an effective method of evaluating the residual value of lithium-ion batteries in devices. More specifically, Panasonic developed a new battery monitoring IC (BMIC) test chip, measurement algorithm, and software...

19 November 2019

The Lexus LF-30 Electrified is a luxury all-electric concept car that was showcased at the 46th Tokyo Motor Show. However, Toyota did not unveil any specifications about the model. It said that it will unveil its first battery-electric vehicle next month. True to its words, today, Toyota said that it will announce its first battery-electric Lexus at the Guangzhou International Automobile Exhibition on November 22...

11 November 2019

On July 19, Toyota and BYD announced their cooperation on creating BEVs. The announcement was very short and lacked detail. Today, the two companies unveiled more info on their partnership in this field. More specifically, the two parties will establish a joint venture company to research and develop battery electric vehicles (BEVs). The 50/50 joint venture will be established in China in 2020 and the first products...

7 November 2019