Battery maker Northvolt to cut costs, explore partnerships
By Marie Mannes abd Anna Ringstrom STOCKHOLM (Reuters) - Swedish battery maker Northvolt said on Monday it would cut costs and look for strategic partners while focusing on its large-scale cell manufacturing as the company seeks to curb its rapid expansion. The
How China’s EV battery makers stack up in energy storage
By Zhang Yan and Colleen Howe China's EV battery giants CATL <300750.SZ> and BYD <002594.SZ> are eyeing the growing market for stationary energy storage. Here are the numbers behind their energy storage business: CATL has ranked first globally in terms of battery
EU-backed investors plan 500-million-euro battery raw materials fund
By Simon Jessop LONDON (Reuters) - Two of Europe's leading energy transition investors plan to raise 500 million euros ($544.55 million) for a battery raw materials fund, aiming to plug "significant gaps" in the region's supply chain, executives told Reuters. InnoEnergy, backed
Sweden’s Northvolt raises $5 billion green loan to expand battery factories
Βy Supantha Mukherjee STOCKHOLM (Reuters) - Swedish lithium-ion battery producer Northvolt said on Tuesday it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern Sweden. The
Volkswagen and rivals plug away at solid-state battery puzzle
By Eric Onstad and Paul Lienert LONDON/DETROIT (Reuters) - Volkswagen, whose drive to develop a "solid-state" electric car battery with U.S. startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology. The German
US to limit Chinese firms, battery parts from winning EV tax credits
By David Shepardson and David Lawder WASHINGTON (Reuters) - The Biden administration on Friday issued-long awaited guidance that will limit Chinese content in batteries eligible for electric vehicle tax credits starting next year. In a win for automakers, the U.S. Treasury will
EVs struggle with reliability due to charging, battery issues – Consumer Reports survey
By Nathan Gomes (Reuters) - Electric vehicles continue to grapple with poor reliability due to charging and battery issues, a survey by an influential U.S. non-profit organization showed on Wednesday, even as consumers are buying them at a breakneck pace. On average,
Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales
By Daniel Leussink TOKYO (Reuters) - Panasonic Holdings, which supplies Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division's annual profit forecast by 15%, underscoring a global slowdown in EV
Tesla shows interest in Sunrise New Energy’s battery components
By Tanay Dhumal (Reuters) - Battery components maker Sunrise New Energy said on Wednesday that it had received interest for its products from electric vehicle maker Tesla Inc. Sunrise shares rose as much as 11% to $1.87 in morning trade. The China-based company,