Addionics News on Batteries and EVs
With companies like Tesla announcing that they are focusing on improving the battery architecture, Addionics’ technology, which has been focusing on the physics of the electrodes all along, holds an even stronger position in today's EV and battery markets.
Tesla announces new battery architecture
Tesla CEO Elon Musk revealed a new battery architecture on their broadcasted Battery Day event. Tesla is developing ‘tabless’ batteries called 4860, which according to Musk will be cheaper and more powerful than existing batteries, by 2022. The cells are to provide x5 more energy, x6 more power and 16% greater range. By utilizing their new battery architecture, they are improving the design of the vehicle, leading to increased vehicle safety.
In addition, Musk believes that affordability of cars is their key to scaling up and announced the production of a $25,000 EV in three years from now: “It’s absolutely critical that we make cars that people can actually afford… that’s something we will have in the future. But we’ve got to get the cost of batteries down,” said Musk. Read more here
Photo credit: Teslarati
BMW to double its EV battery production in China
In order to meet the growing demand for EVs, BMW is increasing its battery production capacity in China. The BMW Brilliance Automotive (BBA) joint venture between BMW and Brilliance China Automotive Holdings has expanded their battery factory in Tiexi and opened a new ‘High-Voltage Battery Center’. Milan Nedeljković, member of the Board of Management of BMW AG, responsible for Production said "With this new Battery Center, we more than double the capacity of our local battery production in China." Read more here
Photo credit: FutureCar
Hyundai and SK Innovation to cooperate on entire battery cycle
A new cooperation between Hyundai Motor Group and SK Innovation Co. was announced in September. The two companies are planning to develop a sustainable ecosystem for electric vehicle batteries. The cooperation will span diverse business areas relating to EV batteries which include battery as a services (BaaS), recycling, rental services and more. As a result, they will be bridging between mobility and battery companies. “We expect our cooperation to play an immensely positive role in strengthening Hyundai-Kia’s competitiveness in clean mobility as well as expanding the supply of eco-friendly EVs,” said Youngcho Chi, President and Chief Innovation Officer of Hyundai Motor Group. Read more here
Photo credit: Hyundai
Indian government to offer $4.6bn to promote battery manufacturing
The Indian government is planning to offer $4.6 bn in incentives for companies which are developing advanced battery manufacturing facilities. The offer is intended to promote the uptake of electric vehicles and reduce the country’s dependence on oil through investment in local manufacturing and infrastructure. A federal think tank chaired by Prime Minister Modi said that if by 2030 EVs were widely adopted, they could cut oil import bills by $40bn. Such incentives will be beneficial for battery manufacturers such as LG Chem and Panasonic Corp, and OEMs such as Tata Motors and Mahindra & Mahindra. Read more here
Photo credit: Garagecentraal
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