Japan’s Panasonic unveiled a new prototype battery specifically for U.S. electric-car maker Tesla. The advanced battery has five times current capacity. The battery will cost 50% less to produce and help boost battery production at Panasonic “100-fold,” by 2030. Panasonic shares rose nearly 6% on the news. Panasonic Prototype Battery For Tesla The company’s battery chiefKazuo Tadanobu unveiled the new battery for the first time at a media roundtable, he also said Panasonic had no plans to make cheaper Lithium … Continue reading “Panasonic New Prototype Battery For Tesla With Fives Times More Energy Storage Capacity”
Mercedes-Benz has announced it is joining Stellantis and Total Energies in newly established European battery cell manufacturer Automotive Cells Company (ACC). The automaker are taking an equity stake with the aim of becoming a full battery electric vehicle (BEV) brand.
Major Energy trader Vitol formed a joint venture with Chinese automaker BYD allocating an initial $250 million to expand electric vehicle and charging infrastructure. Vitol has invested over $1 billion in solar and wind energy and other, cleaner fuels.
Australian lithium producer Talison Lithium announced that its plans to double its production at its Greenbushes facility in Western Australia. The expansion for $382 million will raise capacity to around 1.95 million tons per year and expected to start work in 2019.
Western Australia in response to the 2017 sales of spodumene, the primary lithium bearing mineral produced in WA soaring 166% to reach A$780-million announced a taskforce to harness the potential for lithium and other energy materials.