The biggest reason we hear so much about electric cars is because of the falling costs of batteries. Lithium-ion batteries today cost less than one-fifth as they did in 2010. Within the next five years, some experts estimate that the total cost of owning an electric car—that is, upfront cost plus lifetime fuel cost—will be…
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As car manufacturers ramp up production of electric cars, metals used to make the vehicles’ batteries may face a supply crunch by the mid-2020s, according to a Wood Mackenzie report released Wednesday. Lithium, cobalt, and nickel supplies are expected to be worst hit. As car manufacturers ramp up production of electric cars, the metals used…
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Stretchable conductors that stay conducting even when stretched by as much as 300% in any direction could find use in a new generation of deformable and wearable electronic devices. The conductors are made by sequential layering of polymers and gold nanoparticles in a design that is the first of its kind according to the researchers…
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The government unveiled an £80m investment to help develop the next generation of electric vehicles – and which could also help develop new hybrid aircraft. The investment – through the modern Industrial Strategy – will help ensure the UK is able to supply products both in the UK and abroad, to help cut carbon emissions…
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LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in sales by 2024, with 31 trillion won coming from its battery business. Last year, the company’s battery sector accounted for only…
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Battery raw materials could face a supply crunch by the mid-2020s. In every electric vehicle (EV) battery, there’s a complex chemistry of metals – cobalt, lithium, nickel and more. The electrification of transport is transforming the demand and supply of those battery raw materials. In fact, we expect to see double-digit growth for battery raw…
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The rapid rise of Battery Energy Storage Systems (BESS’s) that use Lithium-ion (Li-ion) battery technology brings with it massive potential – but also a significant range of risks. AIG Energy Industry Group says this is one of the most important emerging risks today – and organisations that use this technology must balance the opportunities with…
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Cloud-based swarm intelligence helps batteries maintain performance for longer Markus Heyn: “Bosch is connecting electric-vehicle batteries with the cloud, and substantially improving performance and service life.” Smart algorithms recognize battery stress factors and optimize the recharging process. Mobility services provider DiDi is the first company to use the Bosch battery services. Stuttgart, Germany – Stress…
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This month, officials in Los Angeles, California, are expected to approve a deal that would make solar power cheaper than ever while also addressing its chief flaw: It works only when the sun shines. The deal calls for a huge solar farm backed up by one of the world’s largest batteries. It would provide 7%…
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Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and develop batteries for new energy vehicles. The Japanese automaker said on Wednesday that the firms had also started talks covering a range of areas including new technology development and the reuse and recycling of batteries. “To further…
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