Tag: electric vehicle batteries

Tesla has reportedly signed a battery supply deal with LG Chem for Gigafactory 3 in China. It would be Tesla’s first deal to supply battery cells for its electric vehicles with a company other than Panasonic. At first, CEO Elon Musk said that all of Tesla’s new factories, including Gigafactory 3 in China, will include the production of both battery

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As car manufacturers ramp up production of electric cars, the metals used to make the vehicles’ batteries may face a supply crunch in the next few years, according to a new report. Lithium, cobalt, and nickel supplies are expected to be worst hit, the Wednesday report from energy consulting and research firm Wood Mackenzie. That’s as analysts predict a boom

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ALO ALTO, Calif., May 16, 2019 (GLOBE NEWSWIRE) — Tesla, Inc. (NASDAQ: TSLA) today announced the successful completion of its previously announced offer to exchange all outstanding shares of common stock of Maxwell Technologies, Inc. (“Maxwell”) for 0.0193 of a share of Tesla common stock, together with cash in lieu of any fractional shares of Tesla common stock, without interest and less any applicable withholding taxes.

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SEOUL/BEIJING, Dec 20 (Reuters) – For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since

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