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IDTechEX: solid-state battery market will grow to $8B by 2031

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A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. Under most of the mass-production plans, the solid-state battery will likely take off after 2025, although small-scale production may happen even earlier, IDTechEX said. Major solid-state battery players globally.

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Market share of plug-in vehicles in China has more than quadrupled from 2015 to 2019

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From 2015 to 2019, the market share of plug-in vehicles in China more than quadrupled, reaching 5.1% During that same period, Europe saw its plug-in vehicle sales share reach 3.0%. In the US, plug-in vehicle market share in the United States rose from 0.7% in 2019, according to figures presented by the US DOE.

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BMW Group Plant Spartanburg doubles battery production capacity

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BMW Group Plant Spartanburg in South Carolina has doubled its capacity for production of high-voltage batteries. The plant’s own battery facility now produces the new fourth-generation batteries. These are intended for the plug-in hybrid models of the new BMW X5 and the future BMW X3, also produced in Spartanburg.

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Scania to invest $116M in battery assembly plant, $18.4M in new battery laboratory

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With the rapid expansion of Scania’s electrified range of trucks, buses and engines, the company plans to, over several years, invest more than 1 billion SEK (US$116 million) in a battery assembly plant in Södertälje, Sweden. million) in a new battery laboratory at its research and development facilities in Södertälje. million (€15.5

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BYD, Toyota to establish joint company for battery-electric vehicle research and development

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and Toyota Motor Corporation signed an agreement to establish a joint company to research and development for battery-electric vehicles (BEVs). Core parts for electrified vehicles such as batteries, motors and power electronics are among the products that BYD develops in-house. BYD Company Ltd.

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Pike Research forecasts automotive Li-ion battery market to grow to almost $22B in 2020; China to become global leader in production by 2015

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Total lithium-ion transportation battery revenue by region, world markets: 2012-2020. In a new report , Pike Research forecasts that the overall market for Li-ion batteries in light duty transportation will grow from $1.6 —“Electric Vehicle Batteries”. Source: Pike Research. Click to enlarge.

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BMW Group Dingolfing factory to supply batteries for MINI EV from 2019

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The BMW Group’s Dingolfing plant in Germany will supply the batteries for the all-electric MINI to be built in late 2019 in Oxford, South England. The batteries for the vehicle will come from the new battery production facility in Dingolfing; the electric motors from the neighboring BMW Group plant in Landshut. Plant 02.20

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