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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. billion (KRW 5.7

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Nissan launches all-new Note in Japan, exclusively with second-generation e-POWER electrified powertrain

Green Car Congress

The new Note features the second generation of Nissan’s e-POWER electric powertrain—a series-hybrid drive system in which the only function of the combustion engine is to act as a generator to produce power for the battery. The second-generation e-POWER system has an all-new electric motor and inverter.

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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 In 2019, the Group signed an agreement with Cummins Inc.

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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

In its new ten-year market outlook to 2027, Roskill, a leading provider of international metals and minerals research, forecasts primary nickel consumption to rise by just under 4% per year between 2017 and 2027, driven by increased consumption by stainless steel producers and by growth in demand in the automotive battery sector.

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SETEC POWER Emergency Mobile EV Charging System Unveiled in Bali

Setec Powerr

Jakarta – PT Toyota-Astra Motor (TAM) officially handed over 143 units of battery electric vehicles to the government to support the G20 Summit held in Bali on November 15-16. Besides being attended by Minister of State Secretary Pratikno, the event was also attended by the Japanese Ambassador to Indonesia, Kanasugi Kenji.

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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL and BYD are still the EV battery market leaders Through the first four months of 2024, global EV battery consumption reached 216.2 of the market through April 2024. from last year.

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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

After installing nearly 300 GWh of batteries in 2023, up 41% year-over-year, CATL was the top power battery maker. Last year, the world’s largest EV battery maker, CATL, had a 36.8% CATL’s growth in China is mainly impacted by the country’s NEV growth rate (including hybrids) and rival BYD’s growth. share of the market.

Market 52