Panasonic Corp plans to boost the energy density of "2170" battery cells it supplies to Tesla Inc by 20% in five years and commercialize a cobalt-free version "in two to three years", the head of its U.S. EV battery business said.
Japan's Panasonic Corp said on Thursday it expects operating profit to drop 48.9% this financial year, as the pandemic hits its wide-ranging businesses from home appliances to automotive batteries.
Lithium prices may be bottoming, Australia's Pilbara Minerals said on Thursday, supported by COVID-19 stimulus packages and government measures to boost the electric vehicle (EV) and renewable energy sectors.
Italian brake maker Brembo said on Wednesday it had increased its stake in tyremaker Pirelli to 4.99% and added it had completed the acquisition process, without giving further details.
Swedish lithium-ion battery maker Northvolt said on Wednesday it had secured $1.6 billion in debt financing, as part of its plan to have 25% market share of European mobile battery production.
South Korea said it is investigating suspected safety issues with vehicles made by U.S. automaker Tesla Inc, which is competing strongly with Hyundai Motor Co in the South Korean electric vehicle market.
The stock market was fairly subdued today, with major indexes registering modest declines as lawmakers continued debating the details of another coronavirus relief package. Pressure is mounting on lawmakers to reach an agreement because rent is coming due within a matter of days