Global Scans · Batteries · Weekly Summary

• In addition to receiving state-of-the-art blade cells for manufacturing LFP battery packs in the covered geographies, BorgWarner will receive a license from FinDreams Battery to use FinDreams Battery's intellectual property related to its battery pack design and manufacturing process. Yahoo Finance
• The biggest question is whether lithium-ion batteries produced in Europe will be competitive in the European and global markets, given the US is paying producers US$35 per kWh produced as a tax credit, while production in China is already cheaper. Pro Bid Energy
• Northvolt plans to start producing battery cells in Germany in 2026 and is also considering building a recycling plant for used batteries from electric cars. Shop4Tesla
• Experts expect the global demand for lithium batteries to grow more than fivefold in five years. FactCheck.org
• For batteries for electric vehicles, 80000 tons of lithium per year would be needed in 2040. EnergyVille
• Omega Seiki plans to deploy EV batteries totalling over 1 GWH in the next 5 years, accompanied by a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years, emphasising their dedication to sustainable practices and environmental stewardship. FinancialExpress
• We expect the start of production of solid-state batteries to happen around 2027, with the appearance of solid-state demonstration cars, using Umicore's CAM, as of 2024. Liberty Plugins News
• Robert Privette: Solid-state batteries are the next promising EV battery technology that could improve not only performance but most of all the safety of EV batteries. Charged EVs
• Afrivolt's gigafactory will produce anodes, cathodes, and lithium-ion batteries for stationary storage applications and, in the medium term, for electric vehicles. The Independent Uganda:
• There are more than enough resources to build EV EV batteries to meet estimated demand until 2050. GOV.UK
• Battery swapping, which sees dead EV batteries replaced with fully charged ones in a process that can take less than five minutes, might provide a solution - and it's an approach being used by one of Tesla's biggest Chinese rivals. Yahoo News
• There is going to be a slight difference in the battery mAhs - the Xiaomi 14 is expected to come with a 4,610 mAh battery while the Xiaomi 14 Pro is likely to bring a bigger 4,880 battery, both with fast charging support. ABP Live
• Dependency on Li-ion batteries: The demand for Li-ion batteries from India is projected to grow at a CAGR of more than 30% by volume by 2030. PMF IAS
• Domestic battery manufacture is seen as crucial to the success of future UK car production and key for the transition to net zero, with around 200 GWh needed by 2040 to meet demand from car manufacturers. transportandenergy
• Toyota announced in October that it plans to incorporate solid-state batteries in an unnamed number of production vehicles by 2027. IEEE Spectrum
• Acquiring the cathode active material technology center from Johnson Matthey solidifies EAM's position as a global EV battery materials provider, with the potential to reshape the landscape of electric mobility by reducing the battery market's reliance on China. Caribbean News Global
• EV companies will enjoy a deeper vendor ecosystem providing battery and other components for building make in India EV vehicles. Zee Business
• The Philippines could help in the production of batteries for electric vehicles, thanks to its reserves of cobalt, copper and nickel. ThePrint
• North America is expected to make up 50% of the global battery demand for electric CVs by 2030 mainly due to significantly higher average battery capacity in vehicles compared to other regions. Yahoo Finance
• The growth of the battery industry in the PRC has encouraged the adoption of electric vehicle solutions and has the potential to reduce carbon emissions both within the PRC and globally. Asian Development Bank
• The finished battery packs will be used to power BYD's electric vehicle production in China, which ranges from electric cars to buses and trucks. Electric Vehicle Info
• Stringent conditions for battery adoption could become one of the variables affecting the growth of electric vehicle sales in the United States. TrendForce Insights

Last updated: 11 February 2024