Novel battery from China could change everything
FRANKFURT/NINGDE – In July 2021, Contemporary Amperex Technology (CATL) founder and CEO Robin Zeng announced a new type of battery storage that could potentially be game-changing for electric cars. In contrast to the scarce and expensive raw material lithium, the … Continue reading Novel battery from China could change everything
Nio tumbles to record low after sales disappoint
Shanghai/New York – U.S.-listed shares of Tesla rival Nio Inc (NIO.N) tumbled 25% after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies … Continue reading Nio tumbles to record low after sales disappoint
BMW To Start Manufacturing Electric Car Batteries
Bangkok – In the case of BMW Group, the primary battery pack production site is in Dingolfing, Germany, but step-by-step the company is launching also other smaller sites around the world to localize battery assembly. There is already a BMW battery facility … Continue reading BMW To Start Manufacturing Electric Car Batteries