EV batteries

According to Financial Times, Panasonic Corporation (OTC: PCRFY) could set up a battery factory for electric vehicles in Norway in an attempt to woo business from European EV makers. FT quoted Panasonic’s Head of the battery manufacturing unit in the U.S., saying, “Europe is...

Texas-headquartered electric battery maker Microvast Inc’s merger talks with the blank check company Tuscan Holdings Corp (NASDAQ: THCB) has progressed to advanced levels, Bloomberg reports. What Happened: The Special Purpose Acquisition Company (SPAC) will fund the merger by raising $200...

Panasonic Corporation (OTC: PCRFY), a leading Tesla Inc. (NASDAQ: TSLA) battery supplier, is not worried about the electric vehicle maker purchasing batteries from rivals or start in-house manufacturing of battery cells, the Financial Times reports. What Happened:...

LG Chem, Ltd shareholders have given the go-ahead to the company’s management to spin-off its battery business into a new entity, Reuters reported Friday (Seoul Time). What Happened: The new unit, to be launched on Dec. 1,  will be called LG Energy Solutions and would be a wholly-...

LG Chem Ltd. CEO Hak Cheol Shin told Reuters Friday that the company was in talks with a “couple” of automakers to set up battery manufacturing joint ventures. What Happened: Shin didn't provide further details or name the companies LG Chem is in discussions with. The...

Tesla Inc. (NASDAQ: TSLA) is a disruptive company that goes beyond simply making cars and people continue to “misunderstand” and “underestimate” this business, according to Social Capital CEO Chamath Palihapitiya. Speaking on CNBC’s “Squawk Box” program,...

Tesla Inc (NASDAQ: TSLA) has signed a five-year deal with Australia’s Piedmont Lithium Limited (NASDAQ: PLL) for the supply of high-purity lithium ore, Reuters reported Sunday. What Happened: Under the agreement, the Elon Musk-led automaker would obtain a third of its requirement of 160,...

Tesla Inc (NASDAQ: TSLA) battery supplier shares slumped in morning trade on Asian markets Wednesday after the automaker’s CEO Elon Musk revealed a plan to halve the cost of batteries and make them at its own factories. What Happened: Korea’s LG Chem Ltd (OTC: LGCLF) fell 4.5...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Monday dashed hopes surrounding the automaker’s ability to reach self-sufficiency in batteries until at least 2022. What Happened: Musk said on Twitter that the unveil at the event scheduled for Tuesday would affect long-term production especially of...

Panasonic Corp (OTC: PCRFY) is expanding its production line at Tesla Inc’s (NASDAQ: TSLA) Nevada Gigafactory in order to boost battery manufacturing capacity, the Reno Gazette Journal reported Tuesday. What Happened: “There’s some construction work that needs to take place over...

QuantumScape, a solid-state battery maker backed by Bill Gates and Volkswagen AG (OTC: VWAGY), is going public via SPAC Kensington Capital Acquisition (NYSE: KCAC). About QuantumScape: QuantumScape is a 10-year-old battery maker, spun out from Stanford University. The lithium batteries are said to...