EV Battery

In a recent development, Contemporary Amperex Technology Co. Limited (CATL), a prominent supplier to Tesla Inc. (NASDAQ:TSLA), is reportedly in talks to raise a $1.5 billion fund to boost its global EV battery supply chain. What Happened: The company, which also caters to Volkswagen and Ford, plans...

Umicore, one of the largest producers of battery materials, has warned about a sharp decline in demand for electric vehicle (EV) materials. What Happened: The Belgium-based company, which supplies materials for EV battery cathodes, has significantly reduced its profit forecast for 2024, according...

In a recent announcement, Panasonic Holdings Corp. (OTC:PCRFY) revealed plans to launch an upgraded version of its electric vehicle (EV) battery cells with increased capacity. The new cells are expected to be produced at the company’s Nevada plant between 2024 and 2025. What Happened: The new...

Xiaomi Corp‘s (OTC:XIACY) foray into the electric vehicle market has taken an intriguing turn as it has reportedly selected battery suppliers for its EV division.  What Happened: According to sources within the Chinese smartphone giant, Xiaomi has chosen China Aviation...

When it comes to investing in electric vehicle growth, Livent Corp. (NYSE: LTHM) is one of the most promising companies. As EVs go from novelties to mainstream this decade, battery-grade lithium hydroxide is expected to be in high demand. In recent months, however, the lithium pure play has been...

EV giant Tesla Inc (NASDAQ:TSLA) is facing a class action lawsuit filed by four plaintiffs from California, Illinois, and Michigan.  What Happened: The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses Tesla of reducing car battery capacity...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and Chinese electric vehicle maker BYD Co Ltd (OTCPK: BYDDF) (OTCPK: BYDDY) have both reportedly denied a media report indicating that their collaboration on battery supplies was coming to an end. What Happened: Musk and the Chinese electric vehicle and...

Chinese President Xi Jinping reportedly told Tesla Inc. (NASDAQ:TSLA) battery supplier Contemporary Amperex Technology Co. Limited, or CATL, that he had mixed feeling about its status as the world’s largest battery maker. What Happened: Xi said he was “both happy and worried”...

South Korean battery materials supplier L&F Co signed a contract with Tesla Inc. (NASDAQ:TSLA) for KRW 3.83 trillion or $2.9 billion to supply materials. What Happened: L&F Co, in a regulatory filing on Tuesday, revealed the details of its contract with Tesla. The deal is for two years,...

Major Wall Street indices closed in the green on Wednesday as optimism over a decline in inflation gained momentum ahead of the release of consumer price index data on Thursday. The Nasdaq Composite closed 1.76% higher while the Dow Jones ended Wednesday's session up 0.8%. The S&P...

Tesla Inc.’s (NASDAQ: TSLA) battery supplier Contemporary Amperex Technology Co. Limited, or CATL, has cemented its dominant position in the electric vehicle battery market toward the end of 2022, a new report stated. What Happened: The Ningde, China-based manufacturer’s EV...

Chinese battery-maker CALB Co., which is a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-backed BYD Co. (OTC: BYDDF) (OTC: BYDDY), is looking to raise as much as HK$13.6 billion ($1.7 billion) in its Hong Kong initial public offering, reported Bloomberg....

Chinese battery maker CALB Co., which is a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-backed BYD Co. (OTC: BYDDF) (OTC: BYDDY), has started gauging investor demand for its $2 billion Hong Kong initial public...

Tesla, Inc.'s (NASDAQ: TSLA) battery supplier Contemporary Ameprex Technology Co. Ltd. (CATL) has set its sights on constructing a manufacturing plant in Mexico at a project cost of $5 billion, Bloomberg reported on Monday. What Happened: The Chinese company is considering two locations...

German automaker Volkswagen AG's (OTC: VWAGY) PowerCo global battery manufacturing business, which it plans to plan to spin-off in an initial public offering in 2023, is facing the impact of supply chain challenges, Bloomberg reported. What Happened:  ...