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Major Supplier Johnson Controls Sells its Auto Battery Business for $13.2 Billion

Major Supplier Johnson Controls Sells its Auto Battery Business for $13.2 Billion

Major automotive part supplier Johnson Controls is exiting the auto industry. The company announced sale of its automotive battery business Power Solutions to a group led by Canada-based Brookfield Business Partners LP for $13.2 billion in cash.

Xiaoli Tian2018-11-19 12:53 PT

Germany's Varta Makes Plans to Mass Produce EV Battery Cells

Germany's Varta Makes Plans to Mass Produce EV Battery Cells

German battery maker Varta​ has reached a research agreement to lay the groundwork for mass production of lithium-ion battery cells for electric cars.

Eric Walz2018-11-19 11:31 PT

BMW Teams Up with Sweden’s Northvolt for Sustainable EV Batteries

BMW Teams Up with Sweden’s Northvolt for Sustainable EV Batteries

German automaker BMW is partnering with Swedish battery company Northvolt and Belgian materials recycling group Umicore on a project to create a sustainable life cycle for the EV batteries used in future models, the companies said on Monday.

Eric Walz2018-10-15 12:51 PT

German Automakers Looking to Outside Sources to Meet Demand for EV Batteries

German Automakers Looking to Outside Sources to Meet Demand for EV Batteries

German automakers, including Volkswagen and BMW, are fearful that the country may not have sufficient production facilities to meet the demand for electric vehicle battery cells, as the country’s major automakers make plans electrify their model lineups.

Eric Walz2018-07-09 11:00 PT

Lithium Producers for Tesla’s Batteries to Get a Dedicated Hedge Fund

Lithium Producers for Tesla’s Batteries to Get a Dedicated Hedge Fund

The increasing sales of electric vehicles (EVs) has led to rapidly increasing demand for lithium. As a result, the financial industry is stepping up to help investors looking to cash in on the demand.

Eric Walz2018-01-19 12:32 PT

Is 2170 Tesla’s Magic Number?

Is 2170 Tesla’s Magic Number?

A closer look at Tesla's Model 3 Battery Technology

Peter Els2017-08-19 11:58 PT