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Why it matters: Despite this, CATL warned it might end the year with a revenue decline for the first time since it started releasing its financial figures in 2015, due to the lithium price squeeze that has been shaking up the industry since hitting its peak in late 2022. Its sales volume grew a bit last year, according to a securities filing.
At the same time, existing lithium-ion battery technology is improving, just not fast enough. As automakers bet their futures on electric vehicles, they’re beginning to confront the hard realities of economics and physics. Prices for nickel and cobalt, two key elements used in EV batteries today, have skyrocketed, far outpacing inflation.
The suit, filed in April 2019 in Santa Clara Superior Court, was centered on a former QuantumScape employee who brought thousands of confidential documents with her to a new job at Fisker Inc. at the EV startup’s Torrance, California headquarters to attend its holiday party, according to court filings. Fisker Inc. Fisker Inc.
In a scripted presentation to investors filed with the Securities and Exchange Commission (SEC) early Friday morning, founder Henrik Fisker says his company has “not achieved our goal of signing a cornerstone agreement with VW by the end of July 2020 as we previously anticipated.” The script was filed with the SEC by Spartan.
billion in the fiscal year of 2024, the automaker said in a filing on Tuesday. GAC, a manufacturing partner of Toyota and Honda in China, is also making affordable iron-based lithium-ion batteries with another wholly-owned subsidiary, Inpai Battery Technology Co., GAC filing , in Chinese] in the battery maker after the RMB 1.3
The presentation was one of many pages of documents filed with the Securities and Exchange Commission by the publicly listed company Fisker Inc. Fisker Inc. plans to merge with , Spartan Energy Acquisition Corporation, which was formed by investment firm Apollo Global Management.
Investors are affluent, and founders will weather this storm just fine, but in downturns like these, rank-and-file employees are the first to feel any pain. For many tech workers, this is the first time they’ve experienced real uncertainty.
Just take a look at Swedish lithium-ion battery producer Northvolt. Other deals that caught my attention … Accure , a startup that uses AI to predict lithium-ion battery failures, raised $7.8 Climate-tech fund Blackhorn, lithium-mining giant SQM and mobility-focused investor Proeza also participated.
Justice Department is preparing to file an antitrust lawsuit against Apple. billion lithium-ion plant somewhere in the U.S., The ads are here : It looks like Netflix’s ad-supported plan will run you a cool $7 per month, Ivan writes. Get ready for four minutes of commercials in an hour-long show. Jaclyn reports.
It will also be produced in a joint plant set up with Nissan, as fierce competition has put downward pressure on the Japanese firm, a regulatory filing has shown. meters, according to the registration filings released by Chinas Ministry of Industry and Information Technology (MIIT). The five-seater SUV measures 4.7
The Sion is expected to have a range of 190 miles using a 54 kwH lithium iron phosphate (LFP) battery, supplied by China’s BYD, that is considered to be more sustainable because it doesn’t have manganese, nickel or cobalt — precious metals that have a high environmental and ethical impact. ” Can Sono deliver?
The company said in a regulatory filing that it has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues. billion loan from the agency to help it finance the construction of new lithium-ion battery cell manufacturing facilities. Faraday Future is faltering— again. The big three U.S.
Below are highlights from the registration filings released for public review by Chinas Ministry of Industry and Information Technology (MIIT) on Tuesday, giving critical details of the models ahead of their official launches. Analysts expect the car to be launched in June for between RMB 300,000 and RMB 500,000 ($41,730-$69,550).
“Theoretically, solid state batteries (SSB) could deliver all three,” but for now, lithium-ion batteries are the go-to for most EVs (along with laptops and phones). DigitalOcean’s IPO filing shows a two-class cloud market. DigitalOcean’s IPO filing shows a two-class cloud market. 300-mile range.
The SU7 will be able to reach a top speed of 210 kilometers per hour on a relatively affordable, iron-based lithium-ion battery from BYD. The images also show a couple of wheel options and a choice of yellow brake calipers.
It helps that our parent company also owns our battery supplier A123 Systems, but over the past few years we have also seen a substantial reduction in the cost of lithium ion batteries and other EV-related components including other items such as motors and generators,” Holland told The Verge in an email. Karma has denied both claims.)
Chinese EV brand Zeekr on Thursday announced the launch of a fast-charging, affordable, lithium iron phosphate (LFP) battery capable of running 500 kilometers (310 miles) on a 10-minute charge, becoming the latest automaker to seek more self-reliance and better cost control over the critical EV component.
By early 2019, though, the startup postponed a planned sports car that was based on the solid-state technology and pivoted to the Ocean, which uses a more common lithium-ion battery. In 2018, he said the company had solved some of the problems related to making solid-state batteries, and that it was just a few months away from a final design.
But the startup was founded by a Chinese mobile game entrepreneur named Shi Hai, court documents and state filings show, who started a company called Snail Games a little more than a decade ago. What, exactly, has been funding all these efforts for the last four years? IndiEV’s head of operations, John Kennedy, declined to say.
At least a dozen Taycan owners have filed complaints to date with the NHTSA about the power loss problem, enough that the safety agency recently opened a probe into the issue. In a May filing , NHTSA says that all of the customer complaints so far claim that this power loss happened “without warning [or] error messages.”
As is the case in other electric cars, the Mustang Mach-E keeps its 12-volt lead-acid battery topped up by essentially sipping power from the much larger lithium-ion battery pack. It’s the latest in a growing line of small issues that have come to light during the rollout of Ford’s first long-range electric car.
The agreement, filed today, comes after more than a year of back-and-forth between the agency and Monahan, who served as his own lawyer in the case. He also blamed lithium-ion batteries and the recall of the Samsung Galaxy Note 7. Monahan claims he did nothing wrong, and that businesses simply fail sometimes.
So are companies that supply some of the new technologies that make EVs possible, like lithium-ion battery manufacturers, as well as others in related industries, like autonomous vehicle startups and makers of lidar sensors. Lastly, Jia filed for personal bankruptcy to settle $3.6 billion of his personal debt in China.
The latest example was revealed in a series of regulatory filings that showed he had sold 9.6 Shareholders still have the option to file an appeal. Elon Musk’s pursuit to buy Twitter continues to have an impact on Tesla, which is why I’m back here writing about a social media platform. and Canada, has just raised a $43.5
The braces connect to a small backpack which houses the lithium-ion batteries, the air compressor, and the computer. I was worried about the lithium-ion batteries in the cold, but it typically gets around eight hours per charge. I was extremely skeptical, but I got to spend a full day testing it at Big Sky Mountain Resort in Montana.
Panasonic announced plans to build a $4 billion factory in Kansas that will manufacture and supply lithium-ion batteries to EV makers. The factory is slated to be larger than the Gigafactory it operates with Tesla in Sparks, Nevada, which is already one of the largest lithium-ion battery factories in the world.
Let’s dig into the latest SEC filing from the software unicorn. But the humble lithium-ion battery powering these cars and trucks leads a difficult life. Texas-based Alkami Technology is a software company that delivers its product to banks via the cloud, so it’s not a legacy player scraping together an IPO during boom times.
billion, it said in a filing, ahead of its plans to file for an initial public offering early next year. Lucid said in a regulatory filing that the Securities and Exchange Commission requested certain documents related to its investigation. Ola , the Indian ride-hailing giant, raised $139 million at a valuation of about $7.3
When I say there are “computer problems” here, can my tractor deliver me, for example, an Excel file? But we’re just getting to the point now where battery technology, lithium-ion technology, is power-dense enough for us to see it starting to creep into our portfolio. If they don’t want to share it, they don’t have to do that.
Your bankruptcy crypto is probably gone : Jacquelyn writes that if you lost your crypto amid Chapter 11 bankruptcy filings, you’re probably not getting it back. General Motors — Raw : GM is reaching into its pocketbook to the tune of $650 million to lock down lithium supply for its electric vehicles, Kirsten reports.
Lithium-ion batteries dont perform well in heat and you should avoid charging them if its hotter than 95 degrees doing so can degrade the battery quickly and even cause them to malfunction. More advancements in battery life spans may be on the horizon particularly as the EV industry grows, which also relies on lithium-ion cells.
” Tesla imports lithium-ion batteries from China’s Contemporary Amperex Technology Ltd and other automotive parts from countries such as South Korea, Japan and Mexico, according to import filing data through the end of February provided to Reuters by ImportYeti. The cost impact is not trivial.”
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