EV batteries

Tesla Inc (NASDAQ: TSLA) is in talks for making a battery production investment in Canada’s largest province Quebec, Electrek reported Monday, citing Le Journal de Montreal. What Happened: Quebec is investing heavily to extract minerals that go into the making of electric vehicle...

Warren Buffett-backed automaker BYD Co (OTC: BYDDF) has secured an initial 10 GWh order for LFP battery cells from Tesla Inc (NASDAQ: TSLA), cnEVpost reported on Thursday, citing local media. What Happened: Currently, China’s CATL — also the world’s largest electric vehicle...

Key South Korea-based global electric vehicle battery suppliers are facing a skills shortage that could slow the race towards greener transport, Reuters reported on Monday, citing the companies. What Happened: The three major battery suppliers — LG Energy Solution, SK On, and Samsung SDI Co...

Canada’s Millennial Lithium Corp. (OTC: MLNLF) said that China’s Contemporary Amperex Technology Co. Ltd. or CATL, a battery supplier to Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO), has agreed to acquire the lithium mining company for about C$377 million ($297.3 million). What...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Monday electric vehicle batteries will play an essential role in transport, just as oil does today. What Happened: Musk was responding to a social media post by an electric vehicle enthusiast who pointed out that nearly all of today’s...

General Motors Co (NYSE: GM) is now advising some Chevy Bolt owners to not park their electric cars within 50 feet of other vehicles to lower the risk of a potential fire, Bloomberg News reported on Wednesday, citing the company. What Happened: The fresh warning comes in addition to an already...

China’s Contemporary Amperex Technology Co. Ltd. or CATL, a battery supplier to Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO), will build a lithium battery production site in eastern China for an investment of up to RMB 13.5 billion ($2.1 billion), cnEVpost reported Monday. What Happened...

China’s Contemporary Amperex Technology Co. Limited or CATL, a battery supplier to Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO), is exploring acquiring a nearly 10% stake in Chinese miner Jinchuan Group International Resources Co., Bloomberg reported Wednesday. What Happened: CATL could...

Electric vehicle maker Tesla Inc. (NASDAQ: TSLA) has its own independent strategy, but tech giant Apple Inc. (NASDAQ: AAPL) is one to watch amid the “convergence” of automotive and information technology industries in future mobility, according to battery pioneer Akira Yoshino...

South Korean battery supplier LG Chem Ltd, battery supplier to Tesla Inc (NASDAQ: TSLA) and General Motor Co (NYSE: GM) saw its shares trade 11.3% lower on Monday in Seoul. What Happened: The plunge comes after the Detroit-based GM said it is recalling more than 73,000 of...

Tesla Inc (NASDAQ: TSLA) revealed that it was working with a consortium of cobalt producers to develop a blockchain platform to track the commodity from “mine to the battery.” What Happened: The Elon Musk-led company said in its recently-released 2020 Impact Report that it is...

Tesla Inc. (NASDAQ: TSLA) battery supplier LG Energy Solution said it has entered into a six-year deal with an Australian mining company for the stable supply of key battery materials - cobalt and nickel. What Happened: LG Energy, a subsidiary of South Korea-based LG Chem, said it will purchase 71,...

China's Contemporary Amperex Technology Co Ltd, a battery supplier to Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO), is planning to raise up to $9 billion in a private share placement, Reuters reported on Thursday. What Happened: CATL aims to fund six projects aimed at lifting the production...

Chinese auto manufacturer BYD Company Limited (OTC: BYDDF) has denied reports that it is preparing to supply “blade batteries” to Tesla Inc. (NASDAQ: TSLA), cnEVpost reported Tuesday. What Happened:  BYD, which has the backing of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B)...

Ford Motor Co (NYSE: F) and Volkswagen AG’s (OTC: VWAGY) battery supplier SK Innovation Co said on Wednesday it is splitting the battery business amid rising global demand for electric vehicles. What Happened: SK Innovation plans to form a separate unit named SK Battery later this year after...