EV, battery

EV battery manufacturing capacity will rise when 10 plants come online this year
If they all open in 2025, the country’s EV battery manufacturing capacity is poised to grow to 421.5 gigawatt-hours per year, an increase of 90 percent from the end of 2024, according to Benchmark Mineral Intelligence, the United Kingdom-based research firm.
EV battery company to close two Michigan plants, lay off 188 workers
An electric vehicle battery company will permanently close two of its Michigan plants in April, laying off 188 workers. Akasol, a German company that was acquired by BorgWarner in 2022, filed a notice with the state of Michigan on Feb. 11 announcing plans to close two of its plants in Hazel Park and Warren.
EV battery company Akasol to lay off 188 metro Detroit workers
Akasol, a wholly owned subsidiary of auto supplier BorgWarner Inc., will close two locations and shed 188 workers by April 2025.
Toyota to transfer LG Energy battery order to Michigan plant
Toyota Motor has agreed to transfer its order for LG Energy Solution vehicle batteries to a Michigan plant that General Motors is exiting, the Japanese automaker confirmed Tuesday. GM in December said it would sell its stake in the plant,
Toyota is supporting LG battery plant with $1.5 billion order
Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors Co. backed out of the project, according to people familiar with the matter.
Toyota steps in to support Michigan EV battery plant with $1.5B order after GM backs out
In a turn of events, Toyota is stepping in to support LG Energy Solution’s EV battery plant in Michigan. Toyota reportedly placed a $1.5 billion order to boost operations at the facility after GM backed out.
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EV battery producer to close plants in Macomb, Oakland counties, move to South Carolina
An automotive supplier plans to shut down two facilities in Macomb and Oakland counties and lay off dozens of workers this spring. Akasol Inc., which is a subsidiary of BorgWarner in Auburn Hills, ...
China's CALB to invest $2.09 billion in EV battery factory in Portugal
China's CALB, one of the world's largest battery makers for electric vehicles, said on Friday it would invest 2 billion euros ($2.09 billion) in a gigafactory in Portugal that is expected to start ...
Electrek10d
Hyundai is launching its all-solid-state ‘Dream’ EV battery pilot line next month
Hyundai is set to shake up the EV market with advanced new batteries soon. In March, Hyundai will reveal its all-solid-state ...
EV battery company Akosol to close its facilities in Hazel Park, Warren
A total of 188 jobs will be lost when Akasol Inc. closes two Michigan facilities, according to a state WARN notice.
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Kinetic Group Enters EV Battery Market with Rs 50 Crore Facility
Kinetic Group, a leading automotive components manufacturer, has launched its foray into the EV battery space with a new ...
KGM Musso EV Pickup Debuts With Striking Looks And A BYD Battery
Korea's first fully electric pickup will roll out in various markets around the world including Europe, UK, and Australia ...
Crain's Detroit18h
UM approves $60M addition for EV battery lab
The University of Michigan board of regents on Thursday approved a $60 million addition to the UM Transportation Research ...
Benchmark Mineral Intelligence EV Battery Metal Prices
Battery / EV Metals Price BMI Lithium Carbonate, EXW China, >=99.2% Li2CO3 10,475 BMI Lithium Hydroxide, EXW China, >=56.5% LiOH 9,550 BMI Cobalt Sulphate, EXW China, >20.5% Co 3,562 BMI Nickel ...
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How Much Can You Save Every Month Charging an EV vs. Paying for Gas?
The debate continues feverishly on social media sites like Reddit and TikTok: How much do you save when charging an EV ...