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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.
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. Vroom vroom!
The presentation was one of many pages of documents filed with the Securities and Exchange Commission by the publicly listed company Fisker Inc. Mobile, fell apart after the small startup became insolvent. Fisker Inc. But it is also open to partnering with startups. The first attempt, with Germany’s e.Go
Mobile , the German manufacturer of compact EVs, is going public through a merger with blank-check company Athena Consumer Acquisition Company at $913 million valuation that includes debt. 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.
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
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).
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.
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.
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.
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 billed it as a bag of the future that would “revolutionize” wearers’ lives.
Welcome to May, which we have informally dubbed “Mobility Week” over here at TechCrunch. We’ll kick off mobility month with a TechCrunch Live event focused on building a better mobility fintech startup featuring Rachel Holt of Construct Capital and Caribou CEO Kevin Bennett. 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.
I’m talking about May Mobility — one of the last independent-yet-to-be-acquired autonomous vehicle companies. Panasonic announced plans to build a $4 billion factory in Kansas that will manufacture and supply lithium-ion batteries to EV makers.
billion, it said in a filing, ahead of its plans to file for an initial public offering early next year. SAIC Mobility and Momenta have launched a robotaxi trial service in Shanghai. Lucid said in a regulatory filing that the Securities and Exchange Commission requested certain documents related to its investigation.
I would call them mobile sensor suites that have computational capability, not only on-board, but to your point, off-board as well. We’re doing computational work on that data in the cloud, and then serving that information, those insights, up to farmers, either on their desktop computer or on a mobile handheld device or something like that.
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.
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