Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand
Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
VW Sees Positive Results for Potential Breakthrough Battery
Volkswagen said its battery startup has seen positive results with solid-state cells for electric vehicles, a win for the carmaker as it pushes to make EVs more efficient and less expensive.
Silicon-Focused Battery Startup NanoGraf to Open Chicago Plant
NanoGraf, a startup specializing in high-performance batteries made using silicon, is close to starting operations at a facility near Chicago’s central business district.
Lithium Price Slump Means Batteries Are Cheaper Than Ever
Lithium's benchmark price in China is now down about 80% from its November 2022 record high. At that time, lithium miners were enjoying soaring profits and carmakers were seeing costs surge.
Energy Department Announces $3.5 Billion for Battery Funding
The Energy Department is pushing to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ford Pauses Construction of Michigan Battery Plant
Ford Motor Co. is halting construction of a $3.5 billion battery plant in Michigan that drew scrutiny from Republican lawmakers for its ties to a Chinese battery maker.
Battery Maker Clarios Expands Low-Voltage Systems
Global battery supplier Clarios is expanding its engineering capabilities and developing new technologies to meet the shifting power demands of modern vehicles.
Why the EV Industry Is Talking About ‘Black Mass’
The latest buzzword in battery materials sounds like a concept borrowed from astrophysics.
Ford, SK to Build Battery Plant in Quebec
Ford Motor Co. is joining with South Korean battery-component makers SK On Co. and EcoPro BM Co. to build a cathode active material plant in Quebec worth more than C$1.2 billion ($887 million).
California Sees Huge Battery Storage Spike Over Three Years
California has, in just three years, seen a tenfold increase in batteries plugged into its grid as solar and wind installations take the place of aging gas-burning power plants.