Nobel Prize Winner Says Battery Recycling Key to Meeting Electric Car Demand
Recycling batteries is the key to securing enough raw materials to power the surge in electric vehicle demand, according to a winner of the Nobel Prize in Chemistry. “The point is whether EV batteries can be recycled,” said Akira Yoshino, a Japanese chemist who was awarded the prize with two others for their pioneering work... View Article
Boeing and Porsche team up to develop flying electric car
Porsche and Boeing have signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.
Chemistry Nobel Hails Work on Batteries That Changed Society
The Nobel Prize in Chemistry was awarded to a trio of pioneers of the modern lithium-ion battery, which is revolutionising everything from mobile phones to the future of the global car industry. The prize went to M. Stanley Whittingham, a British-American professor at the State University of New York at Binghamton; Japan’s Akira Yoshino, of... View Article
August 30, 2016
South Korea’s Samsung SDI Co (006400.KS) plans to invest about 400 billion won (273.62 million pounds) to build a plant to make electric vehicle batteries in Hungary, joining the race to build capacity and tap European demand at a time of disappointing Chinese demand. Samsung SDI, whose customers include BMW (BMWG.DE), said on Tuesday that the proposed factory near Budapest would start production in the second half of 2018 and it would be able to produce batteries used for 50,000 pure electric vehicles (EVs) annually.
ARTICLE: Samsung SDI to build $358 million car battery plant in Hungary by 2018