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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

Green Car Congress

The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

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PEUGEOT Cycles introducing new range of connected electric bikes designed and manufactured by startup Beweel

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At the end of 2023 and early 2024, PEUGEOT Cycles will expand its range of electric bikes with several new innovative models benefiting from the best connected technologies. PEUGEOT Cycles will launch this range of connected electric bikes in three models: City bike (Digital e-Bike). million units sold, an annual growth of 8.6%.

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Proterra opens EV battery manufacturing line in electric bus factory

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Proterra has opened a new battery production line co-located in its EV bus manufacturing facility in Los Angeles County. The new battery production line will manufacture Proterra’s battery packs featuring next-generation cells.

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Siemens to expand EV charging manufacturing in US to support rapid market growth

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Siemens will invest and expand the company’s US manufacturing operations to support electric vehicle infrastructure in America. The company will bolster its existing manufacturing footprint of EV infrastructure with the VersiCharge Level 2 AC series product line of commercial and residential EV chargers.

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All Audi production sites will manufacture all-electric vehicles by 2029

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As of 2026, Audi will only launch all-electric models onto the global market, gradually phasing out production of its combustion models by 2033. Based on this clear decision made as part of its Vorsprung 2030 corporate strategy, Audi is now taking steps to prepare its global facilities for the production of all-electric cars.

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Lockheed Martin Ventures invests in high performance electric motor manufacturer H3X

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H3X designs and manufactures advanced electric motors to enable sustainable aviation and other high-performance applications. These areas include electromagnetics, material science, power electronics, additive manufacturing, motor control, and thermals. This latest funding brings the total raised by H3X to $9 million.

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onsemi and Magna sign strategic agreements, invest in SiC manufacturing for growing EV market

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By integrating onsemi’s industry-leading EliteSiC MOSFET technology, Magna eDrive systems can offer better cooling performance and faster acceleration and charging rates, improving efficiency and increasing the range of electric vehicles (EVs).