Batteries News Updates

Business, Technology, Equipment

China’s CATL Extends Lead as World’s Top EV Battery Maker

Contemporary Amperex Technology Co. Ltd.’s share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

January 4, 2023
Government, Business, Technology, Equipment

Ford, China’s CATL Mull Workaround for New US Battery Plant

Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.

December 15, 2022
Government, Business, Technology, Equipment, Fuel

EV Battery Production Boosted by $2.8 Billion Federal Grant to 20 Companies

Companies in 12 states are receiving $2.8 billion in federal awards to strengthen domestic production of electric vehicle batteries and grid components, part of President Joe Biden’s agenda to boost U.S. manufacturing and accelerate clean energy initiatives.

October 23, 2022
Government, Business, Technology, Fuel

Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans

A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.

August 2, 2022
Government, Business, Technology, Fuel

Biden Wants to Cut Into China’s Electric Battery Dominance

SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.

February 23, 2022
Business, Technology, Equipment, Fuel

VW to Spend $2.3 Billion on Battery Hub, Sets Up New Unit

Volkswagen AG will invest 2 billion euros in a planned battery hub in Germany as part of a decision to create a dedicated company for the carmaker’s battery business.

December 13, 2021
Business, Technology, Fuel

GM Venture to Build Battery Chemical Plant

General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.

December 1, 2021
Business, Technology, Fuel

Lithium Fuels Hopes for Revival on California’s Largest Lake

California’s largest but rapidly shrinking lake is at the forefront of efforts to make the U.S. a major global player in the production of lithium.

August 31, 2021
Business, Technology, Fuel, Autonomous, TCA

Ford Boosts Investment in Solid-State Battery Maker

Ford Motor Co. announced May 3 it is increasing its investment in a producer of solid-state batteries, yet another move in the automaker’s push to establish a sustainable supply of the components needed to power a coming wave of electric vehicles.

May 3, 2021
Government, Business, Technology, Fuel

Ford CEO Farley Calls for Battery Production in US

Ford Motor Co. CEO Jim Farley said the U.S. must begin building batteries for the coming wave of electric vehicles in order to avoid supply disruptions like the semiconductor shortage now shutting American auto factories.

February 24, 2021