Volkswagen to invest over $1 billion on a battery production plant in Germany
Volkswagen will invest almost 1 billion euros (US$1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday. Volkswagen said in a statement after a supervisory board meeting it would set up the battery facility in... View Article
Tesla expects global shortage of electric vehicle battery minerals
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company’s global supply manager for battery metals told an industry conference on Thursday, according to two sources.
Chinese electric car maker BYD’s first-quarter profit up 632 percent
Chinese electric vehicle maker BYD Co Ltd, backed by U.S. investor Warren Buffett, reported on Sunday a 632 percent jump in its first-quarter net profit, buoyed by strong demand for its new energy vehicles. The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected... View Article
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