Despite a recent move toward solid-state batteries, one battery maker suggests mass production is still 10 years away.
A Cox Automotive Mobility white paper delves into "a perfect storm of bottlenecks" for vehicle electrification as supply chain and economic pressures mount.
Cennatic expects to complete the production line installation by the end of 2022.
The new facility, a $5.54 billion investment, will break ground in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units.
Partnership between battery-swapping startup Ample and Sally, provider of EV rentals for taxi and rideshare, aims to gain traction for technology that hasn't yet lived up to its early promise.
Rising global demand for electric vehicles and economic energy storage systems has led to projections showing an orders-of-magnitude increase in demand for lithium.
The program allows fleet operators to source electric vehicle batteries through a five-year "lease-to-own" program.
Samsung says it has built a battery that has a 500-mile range and can be recharged over 1,000 times. The technology is not planned for market anytime soon.
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