The new law should have a laser sharp focus on what needs to be onshored and localised. By Julia Poliscanova and Diane Strauss Another one bites the dust. Morrow Batteries is the latest in the sad saga of EU battery start-ups that have gone bankrupt. The company was burning through … [continued]
A new study examines the ‘industrial opportunity cost’ of proposals to weaken EU car CO2 targets. Spurred by the growing electric car market, much investment into EV production, batteries and components has been announced. But this is now at risk as the EU debates its car CO2 rules that will define … [continued]
BYD hit a significant milestone in April when it outsold Tesla in Europe, where Notthvolt is finding itself in financial turmoil.
Euisun Chung, Executive Chair Hyundai Motor Group speaks during the grand opening of the Hyundai Motor Group Metaplant America on Wednesday, March 26, 2025 in Ellabell, Ga. (Corey Perrine/AP Content Services for Hyundai Motor America)
The largest economic development project in the history of Georgia is now open. Hyundai Motor Group Metaplant America is a battery and vehicle assembly factory that Hyundai Motor Group invested $12.6 billion to build. The company says that it will produce up to 500,000 Hyundai, Kia, and Genesis electric and … [continued]
The electric vehicle market is growing everywhere, even in the USA, and various dynamics are encouraging automakers to get their batteries locally in each market more and more. That just makes more sense in the long term anyway, but given the fact that China moved much faster in this arena … [continued]
In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric Generator Inventory. Generators added 10.4 GW of new battery storage capacity in 2024, the second-largest generating capacity addition after solar. Even though battery storage capacity is growing fast, … [continued]
Toyota has gone through dozens of pairs of shoes dragging its feet on battery-electric vehicles. There may be no more notable laggard on electric vehicles (though, neighboring Honda gives it a run for its money). I pointed out yesterday that despite all of its hype for hydrogen fuel cell vehicles … [continued]
External experts commissioned by T&E find no EU-wide or national requirements on technology transfer and breaches of air pollution rules from battery factories in Poland and Hungary. T&E calls on clear foreign investment rules and a comprehensive European strategy for battery supply chains. Europe’s ambition to build a world-leading battery … [continued]
External experts commissioned by T&E find no EU-wide or national requirements on technology transfer and breaches of air pollution rules from battery factories in Poland and Hungary. T&E calls on clear foreign investment rules and a comprehensive European strategy for battery supply chains. Despite receiving €900 million in state aid … [continued]
Freyr, based in Norway, was one of the first companies to jump into the US market with big battery plans due to the Inflation Reduction Act passed by Democrats in 2022. I interviewed Freyr’s CEO, Tom Jensen, soon afterward about the plans and about the Inflation Reduction Act. I’ll embed … [continued]
