The rapid growth of electric vehicles (EVs) and energy storage systems has intensified the short supply of lithium batteries, while battery materials prices are being further pushed up by manufacturers' overbooking of materials, according to Chinese media reports.
Amid the Indian government's efforts to encourage battery swapping systems to help electric vehicle (EV) adoption, Sun Mobility, a major BaaS provider in India, is actively forming alliances to expand its battery-swapping network.
Jakarta-based SWAP Energi co-founder Kevin Phang aspired to advance battery-swapping technologies for electric scooters while he was studying abroad. SWAP Energi and its affiliate e-scooter maker and distributor SMOOT have set up 400 battery swapping stations in Greater Jakarta and Bali, Indonesia, the highest among the top e-scooter brands in the country.
US Securities and Exchange Commission (SEC) last week listed more than 80 Chinese firms in a provisional list of entities that might be delisted if they fail to cooperate with audit regulations. Several Chinese electric vehicle (EV) makers - Nio, Li Auto, and XPeng - have been targetted since April.
ProLogium is ready to produce the world's first batch of high-performance solid-state batteries for electric vehicles (EV) soon. The Gigafactory in Taoyuan, Taiwan is planning to start mass-producing within the next three to four years.
BenQ Materials continues expanding production capacity to meet growing demand for separator films for EV batteries, defying economic uncertainties around the world, according to company chairman Chen Chien-chih.
South Korea-based battery startup SM Lab has successfully developed manganese and nickel materials for battery cathodes, and reportedly is to co-produce EV batteries with Volkswagen, according to Investment Bank (IB), as cited by Korean local media Aju Business Daily.
China, the second-largest electric vehicle(EV) market, is aggressively deploying charging infrastructure, including battery swapping stations. Multiple businesses have launched swapping services backed by government subsidies. However, challenges like lacking standardized batteries may slow down the democratization.
The South Korea-China rivalry for the dominance over electric vehicle (EV) battery production is intensifying, as companies from both camps have successively rolled out plans to build overseas factories, according to media reports.
The EV battery world is crying out for a credible plan to address the spike in battery materials prices. Lithium, for example, the price has been growing all through 2021, hitting over US$25,000 per ton by the end of last year, and now jumped to the highest at over US$40,000 per ton this month, according to Forbes.
After a series of electric two-wheeler (E2W) fire incidents that led to at least six deaths in the last couple of months, Indian authorities are trying to regulate the battery quality issues that result from rapid expansion, which may slow down E2W growth in India.