Price of EV Battery Packs Falls Most Since 2017
The average price of lithium-ion battery packs has fallen the most in seven years, a development likely to accelerate price parity between electric vehicles and gasoline-powered cars.
South Korean Companies Reconsider Plants in US Over Trump
South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.
Northvolt Files for Bankruptcy After Failed Rescue Attempts
The move caps months of talks with owners, customers and creditors to find a way for Europe’s rare homegrown maker of EV batteries to continue operations.
FRA Awards $96.5M to Hydrogen Rail Projects in Three States
Under terms of the grant program, FRA will pay no more than 80% of a project’s cost, with a minimum 20% match that can include in-kind contributions.
Clarios Pilots AI-Enhanced Battery Monitoring for Fleets
Clarios is introducing technology that predicts battery health, informing drivers, fleet managers and maintenance teams of a battery’s status.
Key EV Battery Material Can Come From Methane
Graphite is key to manufacturing the lithium-ion batteries that power electric cars, and there has been a push to grow a U.S. supply chain.
Vanair Expands Roadside Jump-Pack With New Adapter Kits
NEW ORLEANS — Vanair, a provider of roadside restart and mobile generator products, has introduced three adapter kits for its dual voltage Start-All Jump-Pack lithium-ion jump-starter.
Battery Startup ONE Demotes CEO Amid Cash Crunch
Our Next Energy Inc., a battery startup hoping to rival China with vital energy storage technology, has replaced founder and CEO Mujeeb Ijaz as it faces a failed funding round and cash crunch.
Ford Scaling Back Planned Michigan Battery Plant
Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union.
November 21, 2023Hyundai, LG Invest $2 Billion More Into Georgia Battery Plant
Hyundai Motor Group and LG Energy Solution say they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s Georgia EV plant under construction.