Immersion Cooling For EV Batteries Market Worth $156.90 Million By 2030
Immersion Cooling for EV Batteries Market in terms of revenue was estimated to be worth $1.23 Million in 2022 and is poised to reach $156.90 Million by 2030, growing at a CAGR of 91.1% from 2022 to 2030 according to…
The Federal Government’s Policies on Batteries
Battery Manufacturing Advanced Battery Manufacturing Tax Credit: The Inflation Reduction Act of 2022 provides a 30% tax credit for the domestic production of advanced batteries and components. This credit is available for both new and existing facilities, and it is…
LG Energy, Toyota Announce Longterm U.S. EV Battery Deal
LG Energy and Toyota said Wednesday they’ve reached a long-term agreement to supply batteries for electric vehicles in the United States. Under the deal, LG will supply Toyota with 20GWh of high-nickel NCMA battery modules beginning in 2025.LG Energy will…
Toyota To Power New EVs In The US With Big LG Battery Supply Agreement
Toyota-battery-supply-EVsToyota has found a battery supplier to power its next wave of electric vehicles in the US. LG Energy Solution and Toyota signed a long-term battery supply agreement Wednesday for upcoming EV models assembled in the US.Starting in 2025, LG…
Quebec Lures $5 Billion Battery Factory For Electric Cars
Northvolt, a Swedish maker of batteries for electric cars, said on Thursday that it would build a factory near Montreal after the Canadian government matched financial incentives that would have been available from the United States. The company will invest…
Iron-powered Batteries The Future Of Electric Vehicles
LITHIUM IRON phosphate-powered batteries are the future of electric vehicles, argues Mujeeb Ijaz, founder and CEO of Our Next Generation Energy (ONE), which is based in Detroit, Michigan. He believes his company has made a lot of progress with this…
Hon Hai Seeking Partners For U.S. Ev Battery Production
Taiwan-based manufacturing giant Hon Hai Precision Industry Co. is seeking partners in the United States market to build up its production of batteries for electric vehicles and their components, according to a U.S. brokerage. In a research report released Tuesday,…
Hyundai Pushes To Start Production In Georgia Due To Federal Electric Vehicle Incentives
Hyundai is rushing to start electric vehicle and battery production in Georgia as soon as possible to take advantage of federal electric vehicle incentives that reward domestic production. Hyundai currently sells imported vehicles and has been helped by the law…
Volvo Partnership Will Recycle Ev Batteries Into Energy Storage
As the world transitions to sustainable transportation through electric vehicles (EVs), some are considering ways to reduce EV battery waste. One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems. …
Smartville Second-Life EV Battery to Power Nissan North America
Smartville Inc., an EV battery-repurposing innovator, has been contracted to install a 500-kilowatt-hour battery energy storage system (BESS) at the Nissan North America headquarters in Franklin, Tenn. using second-life Nissan LEAF electric vehicle battery packs. Smartville launched the Smartville 360™…
