Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
Volkswagen said its battery startup has seen positive results with solid-state cells for electric vehicles, a win for the carmaker as it pushes to make EVs more efficient and less expensive.
NanoGraf, a startup specializing in high-performance batteries made using silicon, is close to starting operations at a facility near Chicago’s central business district.
Lithium's benchmark price in China is now down about 80% from its November 2022 record high. At that time, lithium miners were enjoying soaring profits and carmakers were seeing costs surge.
The Energy Department is pushing to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ford Motor Co. is halting construction of a $3.5 billion battery plant in Michigan that drew scrutiny from Republican lawmakers for its ties to a Chinese battery maker.
Global battery supplier Clarios is expanding its engineering capabilities and developing new technologies to meet the shifting power demands of modern vehicles.
Ford Motor Co. is joining with South Korean battery-component makers SK On Co. and EcoPro BM Co. to build a cathode active material plant in Quebec worth more than C$1.2 billion ($887 million).
California has, in just three years, seen a tenfold increase in batteries plugged into its grid as solar and wind installations take the place of aging gas-burning power plants.