Electric Mobility News

A joint battery venture of Toyota Motor Corp and Panasonic Corp will buy lithium from ioneer Ltd's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States.

Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.

Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the country's market regulator said.

Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.

CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.

Panasonic is in talks to build an additional EV battery plant in U.S. at a cost of around $4 billion.

The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030

Ampere Electric will initially offer the Magnus EX e-scooter on the online platform in select cities.