Tag: Europe

Europe is beating the US in the battery race—with China’s help

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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2nd August 2019 0

Japan’s Toray to manufacture battery components in Europe

Japanese materials company Toray has announced plans to open a facility for manufacturing battery separator films for use in lithium-ion batteries. The factory is expected to begin operations in July 2021 and will increase Toray’s production material for the component by around 20%. Toray Industries, Inc. has announced plans to open a new factory in…
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17th July 2019 0

Europe Thinks Like China in Building Its Own Battery Industry

The European Union is starting to act like China when it comes to building the batteries that will drive the next generation of cars and trucks. In the past few months, government officials led by European Commission Vice President Maros Sefcovic have joined with manufacturers, development banks and commercial lenders on measures that will channel…
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3rd July 2019 0