News about EV batteries is still expanding!

Here you will find trending news topics in the automotive and mobility markets around the world.

We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

Toyota to increase EV battery production, Pana to build new plants with Subaru, METI support

Sep 6, 2024 by Reuters

Toyota Motor Corporation and Panasonic Energy announced expansion of EV battery production. Toyota will build a new plant in Fukuoka Prefecture and expand its existing plant in Hyogo Prefecture. Panasonic will establish a new plant in Gunma Prefecture for SUBARU and increase the production capacity of two plants in Japan for Mazda.

Toyota’s plan includes the development of all solid-state batteries, with the Ministry of Economy, Trade and Industry providing 85.6 billion yen for a total investment of about 245 billion yen, and plans to begin production at the new plant in 2028.

Panasonic’s investment for Subaru is about 463 billion yen, with a maximum subsidy of 156.4 billion yen, and aims for an annual production capacity of 20 GWh by the end of 2030. For Mazda, Panasonic will invest approximately 83.3 billion yen, with production scheduled to begin in 2027 or later.

Each company is preparing its production system in preparation for the full-scale expansion of demand in the EV market.

Read Full Article

Panasonic and Subaru to Establish EV Battery Plant – to Supply Mazda

Sep 6, 2024 By Bloomberg

Panasonic Energy and Subaru are building a new cylindrical lithium-ion battery plant in Oizumi-machi, Gunma Prefecture, which will be used in Subaru EVs starting in 2028.The total investment is 463 billion yen, and the annual production capacity is 16 gigawatt hours as of the end of 2008.

In addition, Panasonic will expand its two plants in Osaka Prefecture to supply battery cells to Mazda from 2015 onward. The total investment will be 83.3 billion yen to increase capacity by 6.5 gigawatt hours by year 30.

Both projects have been approved by the Ministry of Economy, Trade and Industry (METI) as part of a plan to secure the supply of storage batteries, with a maximum grant of 156.4 billion yen for the project with SUBARU and 28.3 billion yen for the project with Mazda.

Panasonic HD will place importance on the battery business and shift its strategy from one axis in North America to two axes in Japan and the U.S. The company aims to achieve sales of 3 trillion yen in the battery business by responding to demand from domestic automakers.

METI has decided to provide up to 85.6 billion yen for Toyota Motor Corporation and its battery subsidiary to develop next-generation batteries, and up to about 55.7 billion yen for Nissan Motor Co. to develop lithium-ion iron phosphate batteries.

Read Full Article

GM in talks to purchase batteries with Chinese company technology – from TDK U.S. plant

Sep 13, 2024 By Bloomberg

GM is in talks to purchase EV batteries from a new plant operated by TDK, which plans to build a plant in the southern U.S., creating about 1,000 jobs. The batteries will use CATL’s technology.

Discussions are ongoing and subject to change depending on the outcome of the U.S. presidential election. This move reflects the response to weak EV demand and pressure from U.S. policymakers to reduce dependence on China.

TDK plans to obtain a technology license for lithium iron phosphate batteries from CATL; GM has no plans for capital participation.

GM commented on its own EV strategy but did not mention this “speculation”; TDK and CATL declined to comment.

Read Full Article

List of Career Change x Trend News