Reuters reported that LG Chem will begin production at its lithium ion battery cell manufacturing plant in the US by July or August amid slow demand for electric vehicles.
Articles Tagged "electric cars"
Reuters reported that the United States Department of Energy (DOE) supports President Obama’s goal of putting a million electric cars in the country’s highways by 2015. The country’s federal policies to achieve this goal will cost $7.5 billion until 2019, including $2.4 billion in grants to lithium-ion battery makers.
SFGate reported it takes 50 pounds of lithium to run each electric car.
A report from PwC suggests that sovereign wealth funds have the potential to increase exposure to the lithium industry.
In a recent webcast, Dr. Arun Majumdar discussed the United States Department of Energy's Clean Cities Program to support public and private partnerships that further lithium battery research, electric vehicle and alternative fuel transportation deployment and infrastructure development.
Bloomberg reports that Automakers are testing packs of lithium-ion batteries assembled by Silicon Valley startup Tesla Motors Inc. costing less than bigger, car-only batteries favored by General Motors Co., Nissan Motor Co. and Mitsubishi Motors Corp.
Demand for vanadium redox flow batteries has grown, especially as an energy storage technology complimentary to renewable energy generation.
Toshiba Corp (TYO:6502) is targeting more than 10 percent of the rechargeable battery market share in five years, with an ambitious eye for a considerable distribution of the surging but highly competitive sector.