TOKYO—Nissan Motor Co. Ltd plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025, the daily Nikkei reported on Thursday. Nissan hopes that recycling batteries and re-using them in electric vehicles (EVs) would help lower production costs as the price of rare metals rise, Nikkei said….
Nissan to Build New Battery Recycling Factories in US, Europe by 2025: Nikkei
Australia Could See Coal Retire Three Times Faster Than Anticipated
Analysis Australia’s accelerating transition to more renewable energy and commitment to reach net-zero emissions by 2050 could see coal power retire three times faster than originally expected. This is the determination made by the Australian Energy Market Operator (AEMO) under its future energy “step change” model, which it argues is the most likely scenario for…
South Korea Eyes Australia’s Minerals To Surpass China As Battery King
December 14, 2021
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Asia & PacificAustraliabatteryChinaChina Business & EconomycobaltInternationallithiumMoon Jae InNickelrare earth metalsScott MorrisonSouth KoreaWorld
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South Korea is making a beeline for Australia’s vast critical mineral deposits in a bid to reclaim the throne as the world’s biggest electric vehicle battery maker. With South Korean President Moon Jae-in becoming the first international leader to visit Australia since the reopening of its borders, the two nations have made significant bilateral strides—including…
‘Big Battery’ to Help Northern Territory Achieve 50 Percent Renewable Energy Target
The Northern Territory Government’s goal of achieving 50 percent renewable energy by 2030 came a major step closer on Monday as a tender was awarded for the 5MVA (megavolt amps) Darwin-Katherine Battery Energy Storage System (DK BESS) to be utilised in the Darwin-Katherine grid. Hitachi Energy will provide components for, and build the $45 million (approx. US$32 million)DK BESS,…
Volkswagen Plans to Decide New Gigafactory Locations in First Half of 2022
BERLIN—Volkswagen said on Monday it was looking at locations for planned battery cell plants in Spain and eastern Europe and the exact sites for its third and fourth gigafactories would be determined in the first half of 2022. “By 2030, Volkswagen plans to open two more cell factories in Europe,” the group added in a…
GM Venture Picks Michigan for 3rd US-based EV Battery Plant
DETROIT—General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the United States. The companies’ plans were revealed on Friday in documents posted on the city’s website. They say the plant would cost up to $2.5 billion and employ as many as 1,700…
Volkswagen Expects Battery, Raw Material Drive to Cost up to $34 Billion
FRANKFURT, GERMANY—Volkswagen’s planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting a price tag on the expansion for the first time. Schmall, who is in charge of technology at Europe’s largest carmaker, said in an interview at the…
GM Venture to Build North American Battery Chemical Plant
December 1, 2021
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Asia & PacificbatteryBusiness & EconomyCompanieselectric vehicleGeneral MotorsInternationalUSUS NewsWorld
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DETROIT—General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella. The Detroit automaker said Wednesday that details of the venture are still being worked out, including investment amounts and the…
Tesla Withdraws State Funding Application for German Battery Plant
BERLIN—Tesla has withdrawn its application for state funding for its planned battery factory near Berlin, the electric vehicle maker said on Friday, adding that construction plans were unchanged. The European Union in January approved a plan that included giving state aid to Tesla, BMW, and others to support production of electric vehicle batteries and help…
Japan Looking to Beef Up Chip, Storage Battery Sectors as Part of Stimulus Plan
November 15, 2021
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Asia & PacificbatteryBusiness & EconomyBusinesses in COVID-19chipCompanieseconomic policiesEconomiesJapanplanstimulusstorageTechTech NewsWorld
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TOKYO—Japan’s economic stimulus package will feature a plan to urgently strengthen the chip industry while the government will also formulate a strategy for storage batteries, trade minister Koichi Hagiuda said on Monday. Hagiuda unveiled the plan days before Prime Minister Fumio Kishida is set to announce a stimulus package worth “several tens of trillion yen”…
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