Musk: Using hydrogen for energy storage “the stupidest thing I can think of!” Tesla CEO Elon Musk was asked in an interview at the Electric Vehicle Summit a few days ago if he thought hydrogen could play a role in accelerating the transition from fossil fuels. Musk’s answer: “Hydrogen is the dumbest thing I can…
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Renault reportedly considering cutting stake in Nissan to support transition to electric cars Switch to EVs Renault is said to be considering selling some of its Nissan stake in a deal that could raise billions of euros for its switch to lithium battery powered electric vehicles and ease longstanding tensions with alliance partners Nissan…
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China held a symposium on the supply chain of automobile batteries to guide the rational return of lithium prices Lithium prices have surged nearly 500% in the past year, the burgeoning electric car industry is dealing with risks from rising costs. China wants lithium prices back to sustainable levels. According to a March statement from…
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Japan begins to embrace electric cars, Tesla will no longer be “niche” Toyota, Nissan and Honda have all rolled out new EV strategies Higher stock price “The fact that Tesla’s stock price is higher than Toyota’s has greatly boosted its brand awareness in Japan” The number of EV owners in Japan is increasing day…
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The demand for lithium raw materials has increased greatly, and the cost of batteries has risen Prices soared Prices for electric vehicle batteries are set to rise again in 2022 after a decade of sharp declines as supplies of lithium and other raw materials struggle to keep up with ballooning demand. The benchmark price…
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EV maker ELMS is focusing on making affordable electric commercial vehicles ELMS is now building and delivering pure electric vans, with a manufacturing facility at an old Hummer factory in Indiana that was converted to make electric vehicles. Taylor was a former General Motors executive: He was in charge of the Cadillac and Hummer brands.…
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Volkswagen and Toyota defend their turf in a way that is very different from the proud German and Japanese industrial giants one can usually imagine, and executives at both companies know all too well that the transition away from the internal combustion engine will not be an orderly progression. An epic battle This epic…
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Heating can eliminate resistance? Japanese scientists break through key bottlenecks, full solid state batteries are one step closer to application One step closer As researchers at Tokyo Institute of Technology, the Association of Iron and Steel Technology (AIST) and Yamagata University have introduced a strategy to restore their low resistance, full solid state batteries…
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LG New Energy is about to IPO, valuation is close to 60 billion U.S. dollars after listing. The combination of battery raw materials is the key, one of the largest electric vehicle battery companies in the world is about to go public. South Korea’s LG Energy Solution, which produces battery packs for manufacturers such as…
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In the era of electric vehicles, Hyundai still has high hopes for hydrogen vehicles South Korean consumers are not as enthusiastic about hydrogen fuel vehicles as Hyundai Motor hopes, and South Korea has the most hydrogen fuel cell passenger cars in the world. Bold moves Since taking office at the end of last year,…
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Exclusively for ride-hailing service Arrival showcases an electric car prototype in cooperation with Uber In May of this year, British electric car company Arrival and Uber, a U.S. ride-hailing service company, jointly developed an electric car dedicated to ride-hailing services. Today, Arrival unveiled its first car prototype. The purpose of the cooperation between the two…
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The US Securities Regulatory Commission cools down the electric car SPAC boom Lucid’s parent company passed SPAC’s deal with lithium battery backed electric car startups in July, which seems to be tailor-made. Retail investors welcome deals between SPACs and electric car manufacturers. A crackdown A crackdown on SPAC (blank cheque company, also known as…
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