EV batteries

QuantumScape Corp (NYSE: QS) shares traded higher on Monday. The move may have been an attempt by the stock to recover from losses made throughout most of January. What To Know: Shares of QuantumScape surged at the beginning of the month when Volkswagen Group subsidiary PowerCo provided...

The Sprott Energy Transition ETF (NYSE:SETM) was popping up slightly higher on Friday after breaking down from a rising channel pattern on Wednesday amid weak price action in the general stock market.  With the global energy transition underway as the world's economies attempt to move from...

EV giant Tesla Inc (NASDAQ:TSLA) will reportedly hold a ceremony for its new lithium refinery on Monday. What Happened: The groundbreaking ceremony will commence at 3 .p.m. in the presence of leaders including Texas Gov. Greg Abbott, KIIITV reported. The $375 million lithium facility is opening...

Nio Inc – ADR (NYSE:NIO) car owners in China will reportedly have free access to battery swap stations along the highways for a week starting April 28. What Happened: Nio car owners can access battery swap stations along the highways in China free of cost from April 28 until May 4 in light of...

Electric vehicle company Rivian Automotive (NASDAQ: RIVN) is one of the many companies competing for market share in the growing sector of the automotive industry. When it comes to electric vehicle charging technology, Rivian may have a new solution to differentiate itself. What Happened: Rivian...

Ford Motor Company (NYSE: F) is investing $3.5 billion to build the United States’ first lithium iron phosphate battery plant. What Happened: The plant, a wholly-owned subsidiary of Ford, will be built in Marshall, Michigan, as part of the company’s $50 billion “global push...

Tesla Inc (NASDAQ: TSLA) supplier LG Energy Solution (LGES) said in a statement on Friday it has signed separate partnership agreements with three major critical mineral suppliers in Canada to secure lithium and cobalt. The lithium-ion battery manufacturer said the latest...

General Motors Company (NYSE: GM) announced today (Aug. 19) that it will reinstate its quarterly dividend and increase its share buyback program. Dividends And Buybacks: The Detroit-based company stated in a press release how the dividend will be reintroduced and how much will be spent on...

Tesla, Inc. (NASDAQ: TSLA) has agreed on separate deals to source battery raw materials from two Chinese companies, Bloomberg reported, citing stock exchange filings by these companies. What Happened: The electric vehicle maker has signed pricing agreements with Zhejiang Huayou...

Tesla Inc (NASDAQ: TSLA) China supplier CATL has shipped electric vehicle batteries to South Korea’s Kia Corp, a subsidiary of Hyundai Motor Company, Reuters reported on Thursday, citing the companies. The move marks the first instance when Kia is using a non-Korean battery supplier...

Japan’s Panasonic Holdings Corp (OTC: PCRFY) said on Wednesday it is looking to boost production capacity in North America to meet the growing demand for electric vehicles. What Happened: Panasonic Energy, a subsidiary of the Osaka-based conglomerate, said it will improve productivity for its...

Nio, Inc. (NYSE: NIO) is pursuing vertical integration amid the supply crunch and input price inflation. What Happened: The Chinese electric vehicle startup is planning to set up lithium-ion battery labs and a pilot production line for batteries in Shanghai, the CnEVPost reported, citing an...

Tesla Inc (NASDAQ: TSLA) and Xpeng Inc (NYSE: XPEV) battery supplier Contemporary Amperex Technology Co, Ltd (CATL) grabbed a market share of 50% in March among electric vehicle battery makers in China, as per a report by Merrill Lynch. What Happened: CATL’s installed capacity rose 155% on a...

Tesla Inc (NASDAQ: TSLA) has secured a five-year agreement with Australia’s Liontown Resources to supply lithium spodumene concentrate to the Elon Musk-led electric vehicle maker. What Happened: Tesla will buy 100,000 dry metric tonnes (DMT) of the lithium concentrate in the first year and up...

Ratings agency Fitch said on Monday Tesla Inc’s (NASDAQ: TSLA) expansion of its supercharging network could imply stiff competition for its battery supplier CATL, which has been betting on its battery-swapping service. What Happened: Elon Musk-led Tesla, Xpeng Inc (NYSE: XPEV) and Volkswagen...