The BMW Group will invest €800 million in Plant San Luis Potosí, Mexico, for the production of its Neue Klasse model and construction of local high-voltage battery assembly. With the proposed investment, the German carmaker anticipates to ramp-up its e-mobility manufacturing network for the production of its next generation vehicle Neue Klasse. BMW Group has […]
Italvolt, an Italian electric vehicle battery maker, will license extreme fast charging (XFC) technology and intellectual property rights from StoreDot, an Israeli start-up, to produce lithium-ion batteries at its proposed cell factory. The collaboration is expected to help Italvolt scale and upgrade its battery cell production along with the technological advancements of StoreDot. Italvolt’s proposed […]
Recharge Industries has contracted professional services company Accenture as its engineering provider for its proposed gigafactory in Geelong, Victoria, Australia. At peak, the lithium-ion battery cell manufacturing plant will produce up to 30 gigawatt hours (GWh) of storage capacity annually for electric vehicles and stationary energy storage markets. The gigafactory is expected to produce batteries […]