EV

EV Target

Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production and its North American operations, it said on Tuesday, with spending on combustion engines to fall from 2025. As it works toward a target of 50% electric vehicle (EV) sales globally by 2030, over two-thirds of […]

Volkswagen chose Canada to build its first battery cell plant outside Europe, granting its cars access to both Canadian and U.S. subsidies as it works to localise electric vehicle production chain in the region. Volkswagen AG confirmed in December it was looking for sites for a Canadian plant, six months after signing a memorandum of […]

ChatGPT in Vehicles

General Motors Co is exploring uses for ChatGPT as part of its broader collaboration with Microsoft Corp, a company executive told Reuters. “ChatGPT is going to be in everything,” GM Vice President Scott Miller said in an interview last week. The chatbot could be used to access information on how to use vehicle features normally […]

4680 Battery Concerns

It’s crunch time at Tesla Inc, where Elon Musk is looking to crack the code for making better, cheaper batteries. The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest battery cells, even as the company struggles with battery-related performance and production issues […]

4680 Battery

Tesla Inc is pioneering a new battery manufacturing process called dry electrode coating that it is applying to its new 4680 battery cells. The dry process, which Tesla obtained via its 2019 acquisition of California startup Maxwell Technologies, replaces a traditional, complicated step of battery manufacturing that involves coating the electrode foil with a wet, […]

World this Week

1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]

Car Charging Business

ABB has sold more of its electric vehicle (EV) charging business to four investors including a fund linked to former U.S. Vice President Al Gore, the Swiss engineering company said on Wednesday. The investors paid 325 million Swiss francs ($355 million) for a combined 12% stake in the E-Mobility business in a second and final […]

Fuel Demand May Peak

The rapid take-up of electric vehicles in India’s fledgling market has prompted a major rethink about the country’s long-term fuel needs as refiners in Asia’s third-largest economy hasten their shift away from oil production. India, one of the world’s fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption […]