
Can Huawei's next-gen EV battery really claim 1,800 miles of range?
Electric
The solid-state chemists have been tinkering with nitrogen dope this time, but its claims of 2,000/3,000km might be a little... speculative Skip 1 photos in the image carousel and continue reading
A Chinese company called Huawei has received patent approval for a solid-state battery chemistry that some media is claiming supports a range of around 3,000km and a charge time of five minutes. Wait, what?
Those claims come from the fact the scientists have produced a Li-S solid-state battery, where the solid sulfide-based electrolyte – together with a lithium-metal anode – offers better ionic conductivity and decent energy density.
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The chemistry is then doped (their word, not ours) with nitrogen from cyanide to reduce side reactions that result in pesky dendrite formation. That's like plaque build-up, which eventually causes all batteries to fail.
These added elements clean up the contacts, meaning the main chemicals can continue reacting, aiding the charging cycle rate, and keeping temperatures lower than in conventional batteries. Those clever folk in lab coats are targeting an energy density upwards of 400Wh/kg, and might reasonably get a solid-state battery to 600Wh/kg. You might like
And that, kids, is the figure being extrapolated to get to that magic 3,000km mark. Realistically speaking, 1,800 miles on one charge is not, well... realistic.
The energy required to drive 1,800 miles would need a whopping 500kWh battery (on current consumption rates). If the Huawei scientists manage to reach an energy density of even 500Wh/kg, then that battery would weigh a literal tonne - roughly 1.5x the total weight of the 93kWh battery in the Porsche Taycan. For context, the Taycan battery's current energy density is 169Wh/kg, with a range of only 300 miles.
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As for those five-minute 'blaze-charging' claims? That's a whole infrastructure conversation for another time. Whether these things will be possible in the future is yet to be seen, but for now, best to heed caution...
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Coin Geek
31 minutes ago
- Coin Geek
Some block reward miners ditch AI for BTC; others ditch BTC for ETH
Getting your Trinity Audio player ready... Some prominent block reward miners are making major strategic transitions as they try to figure out how to turn an elusive profit from this sector. The BTC network's hash rate has seen a double-digit decline since mid-June, hitting lows not seen since March (and still falling). Theories behind this decline range from Israel's attacks on Iran—a country long rumored to have major mining operations—to the oppressive heatwave gripping the United States. The latter theory involves cost-conscious miners shutting down as electricity prices surge higher and/or local power grids paying miners to switch off their rigs so everyone else can switch on their air conditioning. As always, the answer may lie in a combination of factors, but BTC's recent price resurgence—after slipping below $100,000 for the first time in over a month—is definitely a welcome development. The current cost to mine a single BTC (the full cost, including depreciation of mining rigs) was over $102,000 as of June 23. Also, riding to BTC's rescue is an expected significant drop in the network difficulty level, which is adjusted every two weeks based on hash rate fluctuations. The next adjustment is scheduled for June 29, and current estimates expect a downward shift of up to 9%. That would be the biggest decline since China cracked down on domestic mining operators in 2021. However, competition remains fierce in finding the next block and collecting those rewards. On Tuesday, CleanSpark (NASDAQ: CLSK) announced that it had achieved its mid-year hash rate target of 50 EH/s. CleanSpark is just the second publicly traded miner to eclipse that barrier after MARA (NASDAQ: MARA) crossed that threshold last December. However, international rivals like Australia's IREN (NASDAQ: IREN) and China's Cango Inc (NYSE: CANG) are expected to hit their own 50 EH/s targets in the coming months. So CleanSpark CEO Zach Bradford says the new target is 60 EH/s 'and beyond.' CleanSpark operates over 30 sites across four U.S. states, branding itself as 'America's Bitcoin Miner.' Never enough money The cutthroat competition and precarious mining finances have left operators constantly seeking new capital (even if some are using that capital to buy additional tokens for their BTC treasuries). This week, Hut 8 (NASDAQ: HUT) announced that it had doubled its credit facility with the Coinbase (NASDAQ: COIN) digital asset exchange to $130 million. Hut 8 said the amended and expanded agreement would extend the debt's maturity date to July 2026 while imposing a fixed interest rate of 9%, down from the variable rate that ranged as high as 11.5% over the past 18 months. Hut 8 didn't say how it planned to use its new credit beyond 'near-term opportunities advancing through its growth.' In March, Hut 8 announced it had partnered with President Trump's sons to launch American Bitcoin Corp (ABTC), a new mining/BTC treasury operation comprising 'substantially all' of Hut 8's mining gear. In May, ABTC announced plans to go public on the Nasdaq sometime in Q3 via a merger with Gryphon Digital Mining. The following month, ABTC revealed that it had acquired 215 BTC for its treasury. But there's been no word on ABTC's mining performance since that March announcement. Other miners raising cash include IREN, which closed its upsized $550 million convertible notes offering earlier this month, netting the company just under $535 million. Around $146 million of that haul will go towards servicing future debt obligations, with the rest targeted for general corporate purposes and working capital. Other miners are taking different avenues to raise cash. Riot Platforms (NASDAQ: RIOT) announced earlier this month that it had sold nearly 1.75 million shares in rival Bitfarms (NASDAQ: BITF), earning Riot just under $1.6 million. Last year, Riot began acquiring major chunks of Bitfarms as part of a hostile takeover bid that sought to oust Bitfarms' directors. Riot acquired nearly 19% of Bitfarms before the companies reached a settlement last September, and Riot began selling off bits of Bitfarm. This latest sale brought Riot's stake down to 14.3%. Back to the top ↑ Bit Digital ditching BTC for ETH Bit Digital (NASDAQ: BTBT) announced earlier this week that it was shoring up its finances with a new C$60 million (US$44 million) credit agreement with the Royal Bank of Canada. The company said it would use the funds to expand its AI/high-performance computing (HPC) operations, which have taken precedence over its mining business. Bit Digital's mining revenue totaled $7.8 million in Q1, 31% of its total revenue, down from 72% in the same period last year. However, Bit Digital followed that news on Wednesday by announcing a major 'strategic shift,' saying it was looking to get out of the BTC mining business entirely. The company said it has 'commenced a strategic alternatives process for its bitcoin mining operations that is expected to result in their sale or wind-down.' Instead of BTC, Bit Digital will now focus on the Ethereum network's native token, ETH, with the goal of becoming 'a pure play [ETH] staking and treasury company.' Bit Digital will also 'over time' convert its current 417.6 BTC treasury to ETH, boosting the 24,434 ETH it already holds. Any net proceeds from the wind-down of its BTC mining operations will be similarly converted to ETH. To help grease these wheels, Bit Digital is commencing an underwritten public offering of its ordinary shares. Bit Digital didn't offer any specifics on the size or timing of this offering, nor even if the offering would actually take place. But the proceeds will be used to (wait for it) buy more ETH. In what was clearly a busy day at the Bit Digital offices, the company also announced plans to conduct an initial public offering of its wholly-owned HPC subsidiary WhiteFiber Inc. Here, too, specifics are short, as the company filed its IPO application with the U.S. Securities and Exchange Commission (SEC) on a confidential basis, allowing it to keep facts and figures under wraps for the time being. Back to the top ↑ Canaan ditching AI for BTC On June 23, miner Genesis Digital Assets (GDA) announced a deal with mining rig manufacturer Auradine to buy 1,000 of the latter's Teraflux AT2880-277 air-cooled units. The rigs will be installed at GDA's data center in Glasscock County, Texas, one of 20 locations GDA operates worldwide and part of GDA's U.S. expansion strategy. Auradine has become a more attractive option for U.S.-based miners due to the ongoing impact of President Trump's tariff war. The three largest rig-makers—Bitmain, Canaan Inc (NASDAQ: CAN), and MicroBT—are all foreign-based, and while they're making efforts to establish U.S. roots, ramping up manufacturing capacity is a slow and pricey process. Speaking of Canaan, the company just announced a 'strategic realignment' that will see it 'discontinue its non-core AI semiconductor business unit,' a process the company expects will take a few months to conclude. Going forward, Canaan will focus on 'sharpening its focus on its core businesses of bitcoin mining machine sales, self-mining operations, and consumer mining products.' Canaan's AI operations were a minor contributor to its bottom line, accounting for just $900,000 of its total 2024 revenue of $223.2 million. However, AI accounted for 15% of 2024's operating expenses, and Canaan believes mothballing the unit will result in significant savings. The move distinguishes Canaan from some prominent U.S. miners who have embraced the more predictable revenue streams from AI/HPC operations. Canaan CEO Nangeng Zhang said, 'doubling down on our core strengths in crypto infrastructure and bitcoin mining is the most strategic path forward.' Back to the top ↑ Tether seeks BTC mining crown Tether, the issuer of the market-leading USDT stablecoin, has been talking up its own mining operations for years now without offering specifics as to the success or failure of these operations. However, since May 2024, Tether has steadily increased its stake in Bitdeer (NASDAQ: BTDR) and held a 22.8% stake in Bitdeer as of this April. Earlier this month, Bitdeer announced that Tether had exercised its warrants from that 2024 financing deal, handing Tether another 5.2 million ordinary shares in exchange for $50 million. Tether held ~34 million Bitdeer shares in April, so the warrants represent a significant increase. During his appearance at the recent Bitcoin 2025 Conference in Las Vegas, Tether CEO Paolo Ardoino claimed that Tether had 'invested $2 billion in energy production and Bitcoin mining,' then said the total was actually greater than that. Either way, Ardoino boldly predicted that 'it is very realistic that, by the end of this year, Tether will be the biggest Bitcoin miner in the world, even including all the public companies.' Ardoino went on to suggest that Tether's interest in mining was both altruistic and selfish in that Tether claims to hold over 100,000 BTC and thus has an interest in the integrity of the network. Not long after that speech, Ardoino tweeted that Tether 'will work towards open-sourcing its Bitcoin Mining OS (MOS).' This will allegedly allow new mining companies to 'enter the game' without the need for third-party hosted software, and create 'an even playing field reducing the gap between publicly listed companies and smaller players.' This week, Ardoino went on The Block's Big Brain Podcast, where he repeated his claim of Tether having 100,000 BTC, saying the company needs to be 'part of the Bitcoin mining security team … to protect our own investment.' Ardoino again stated his belief that Tether 'will become the biggest Bitcoin miner out there.' Tether has long been criticized for making claims regarding its finances that require the public to take them at their word (even if that word sometimes proved fraudulent). Tether has also been accused of Photoshopping its logo onto shipping containers that Ardoino claimed contained some of Tether's mining rigs. Ardoino pushed back against these claims, arguing that while the logo was indeed added after the fact, it was only to preserve the 'physical privacy of the site.' Back to the top ↑ Norway says no way? Many countries around the world are dealing with strained electrical grids due to the heavy demands of local mining sites (both legal and illegal). Norway has sufficient energy to serve its citizens' needs, but on June 20, Minister of Digitalization and Public Administration Karianne Tung announced that the government 'has a clear intention to limit the mining of cryptocurrency in Norway as much as possible.' The government is exploring its authority under the energy allocation provisions of the Planning and Building Act to preserve power for other energy-intensive activities, including 'socially beneficial data centers.' This is by no means the first time Norway and Tung have expressed concern about mining's power consumption. Local residents have also expressed outrage over the excessive noise produced by mining sites. Tung said mining is 'very energy-intensive, and yields little in the local community in the form of jobs and income.' By limiting mining's access to local power, Norway 'can free up land, power and grid capacity for other uses that contribute more to value creation, jobs and cuts in greenhouse gas emissions.' Those 'other uses' include AI data centers 'that are a critical prerequisite for digitalization.' Tung also appeared to suggest the potential for a carveout for 'the useful use of blockchain technology,' although no specifics were offered. The government is still studying the matter but expects to come to a decision by 'autumn.' The proposed (temporary) ban appears to be aimed at prohibiting the launch of new mining operations and possibly grandfathering existing sites. These sites have been told to register their operations by July 1 to ensure the government has accurate data with which to make their conclusions. Back to the top ↑ Watch: Teranode is the digital backbone of Bitcoin title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">


Times
an hour ago
- Times
From horseless cart to va va voom: France's love affair with the Renault
On Christmas Eve 1898, residents of the Rue Lepic in Montmartre marvelled as a 21-year-old inventor chugged up the steep hill on a wheezing horseless carriage. That exploit by Louis Renault, motoring pioneer and racing driver, is due to be celebrated with a recreation of the street in a lavish new museum the French automotive group is building on the bank of the Seine, 25 miles west of Paris. The vast 'spectacular exhibition space' on the site of its historic factory at Flins, designed by the Polish-born French architect Jacob Celnikier, will be the first time the 127-year-old car maker has gathered its heritage of historic vehicles and artworks in one place. Louis Renault in the driver's seat of a Voiturette Renault 1 in 1899 ALAMY The Renault 4 came out of the factory at Flins in the 1960s, the 5 in the 1970s and four generations of Clio, the small car advertised by 'Nicole and Papa' in the 1990s and latterly by Thierry Henry espousing its 'va va voom'.


Daily Mail
an hour ago
- Daily Mail
How China's BYD overtook Tesla to become the world's biggest EV maker
Published: Updated: In the modern era, no car maker has had such an instant impact on the UK car market like Build Your Dreams - or, as it's better known, BYD. Emerging from the virtually unknown in 2023, in less than two years it's become the Chinese electric car maker everyone can name, and the biggest EV manufacturer in the world. In doing so, it has toppled Elon Musk off the highest step of the podium, earning the moniker the 'Tesla killer' . As of March 2025, BYD's sold 11.6 million EVs to date. Tesla on the other hand has sold 7.5 million EVs. China's Geely, the owner of Volvo, Polestar and Lotus, is the third biggest EV manufacturer in the world, and yet has just 1.4 million EVs comparatively. It seems then that BYD is the largest 'overnight success' perhaps in the automotive industry ever. After all, it hasn't just put itself on the map, it's hauled Chinese cars into the mainstream. But, as Steve Jobs once famously said; 'If you really look closely, most overnight successes took a long time.' So, how has BYD done it? How did it go from battery maker to the biggest EV brand in the world? What's the secret behind its so called overnight success? And how is it plotting to takeover the UK? BYD was once the butt of Elon Musk's jokes - who's laughing now? In 2011, Elon Musk naively laughed off the threat of BYD. During a Bloomberg interview, the Tesla boss scoffed: 'Have you seen their [unnamed] car? I don't think it's particularly attractive, the technology is not very strong. And BYD as a company has pretty severe problems in their home turf in China. I think their focus is, and rightly should be, on making sure they don't die in China.' And Elon wasn't the only one to disregard BYD. China auto industry analyst Michael Dunne told The New York Times last year: 'They were the laughingstock of the industry'. But a decade after Musk's comments, BYD began exporting outside China. And by 2024, it reached an annual overseas sales figure of 417,204 units – a 71.86 per cent increase on 2023. And by 2030, BYD aims to sell half its cars outside its native land. In April, the Chinese brand officially sold more pure electric cars in Europe than Tesla for the first time on record. BYD was a sleeping giant BYD was founded in February 1995 by Wang Chuanfu, a Chinese chemist and entrepreneur. While Chuanfu's own story as an orphan born into one of China's most impoverished farming provinces, becoming a chemist and then the founder of BYD with an estimated net work of more than $25billion has the makings of a movie script, but it's the car company itself that interests us most. Launched in 1966, BYD was just an electric battery manufacturer based in Shenzhen, making lithium-ion batteries for mobile phones. The growth of the mobile phone market meant BYD by the early 2000s had ridden a wave of lithium-ion battery success, providing two of the sector's biggest companies, Motorola and Nokia, with rechargeable batteries. By 2003, BYD was in the position to sidestep into the automotive industry, acquiring a small car maker called Xi'an Qinchuan Automobile. It's first combustion car, the F3, arrived in 2005, before releasing the plug-in hybrid F3DM in 2008. Batteries are the powerhouse behind BYD's juggernaut rise Even in today's electric car era, where there are a million EVs on UK roads and almost 60 million worldwide, every manufacturer is embroiled in a race to have the most powerful, quickest-charging and safest battery. It is the most important - and expensive -component of an electric car, and the part that everyone – from converts to naysayers – focuses on. Range anxiety, charging anxiety, cost – it all links back to the battery. Investing in batteries and their advancement was (along with hiring Audi's designer Wolfgang Egger to make BYD's cars more Westernised) Wang Chuanfu's stroke of genius and BYD's saving grace. The 2010s wasn't kind to BYD, and with more global choice coming in, BYD had taken a hit. But fast forward to 2020 and Chuanfu had worked out how to make lithium-ion Phosphate batteries instead of the conventional lithium-ion batteries everyone was using. And so BYD introduced the revolutionary Blade battery; developed for maximum safety, durability and performance it passed the 'Nail Penetration Test' - the Mount Everest of battery tests – while increasing space utilisation by 50 per cent and delivering a range boost also of up to 50 per cent. Range was extended – a convention battery could deliver 249 miles of range while the same size Blade Battery could give you 373 miles – for a fraction of the cost of a nickel-cobalt battery. BYD charged ahead with development and production, formulating its recipe for success. And still today, its battery and charging are so ahead of the competition that it's half the reason BYD is the world's EV leader. Only this month, BYD confirmed it's bringing its five-minute flash chargers to the UK, so EV owners can recharge in the time it takes to refill with petrol. Backed by Beijing Usually with success stories there's a moment when two key things come together. Whether that's two business partners joining up or two world events colliding, the effect is a catalyst. And for BYD, the fortuitous other factor was the willingness of China's government to back EV expansion to the hilt. In the mid-2000s, China realised it could never overtake Western and Japanese car makers with their established internal combustion engine legacies and so decided to (with significant risk) leapfrog the US and European manufacturers and invest heavily in EV technology. It allowed China to build globally competitive EVs, reduce its reliance on ICE imports and tech, and help address China's pollution problem, all at the same time. To this end China doled out (somewhat controversial) subsidies between 2009 and 2023 to the tune of £170.5 billion ($230bn). BYD annual reports show a total of £1.93bn ($2.6bn) in government assistance between 2008 and 2022. However, when other factors are considered like taxi companies buying BYD taxis in Shenzhen, Rhodium Group puts the estimates between 2015 and 2020 at £3.2bn ($4.3bn). The MIT Technology Review states that the Chinese government's propping up of both the supply and demand of EVs – via generous government subsidies, tax breaks, policy incentives, and procurement contracts – is an industry acknowledged reason that China now dominates the sector and that 'a slew of homegrown EV brands have emerged'. While it's not to say this hasn't created its own issues, notably 'unsustainable' price wars, particularly between BYD and Tesla, China is now the world's latest electric car market – and has been for nine consecutive years. In 2024, China produced an estimated 12.4 million electric cars, accounting for over 70 per cent of global production. And BYD is the spearhead of this. Gregor Sebastian, senior analyst at Rhodium, told CNBC : 'BYD is a highly innovative and adaptive company, but its rise has been inextricably linked to Beijing's protection and support. 'Without Beijing's backing, BYD wouldn't be the global powerhouse it is today. 'Over time, the company has enjoyed below-market equity and debt financing allowing it to scale up production and R&D activities.' You can't beat the price – cheap cars sell BYD has always had one thing over Tesla: its cars are significantly cheaper. Tesla is outgunned on price both in China and abroad. The US maker currently offers the Model 3 and Model Y in BYD's home nation, with prices starting at 235,500 and RMB 263,500 yuan respectively. BYD on the other hand offers its Seagull city EV for just 56,800 yuan (approximately $7,800). In the UK, Tesla's cheapest new model is the Model 3 which costs £39,990. BYD though has brought its Dolphin Surf small EV to Britain for just £18,650. But while some inexpensive cars are cheap for a reason (sorry Dacia Spring EV and its one-star EuroNCAP safety rating) BYD delivers 'competitive cars with appealing design and good specs,' Felipe Munoz, senior analyst at JATO Dynamics tells This is Money. The BYD Atto 3 starts at £37,695 on the road in the UK, saving you a sliver of money compared to the Tesla Model 3. As well as price, Munoz says BYD is so successful because it has 'a full line-up of products that include city cars, hatchbacks, sedans, and many different crossovers/SUVs.' There are now 60 BYD dealers in the UK and counting, and six models to choose from in less than two years. Quentin Willson, Founder FairCharge told us: 'They've created a very diversified model strategy - from lower priced models to high - and discounted their prices to increase volume and eliminate competition. 'Having European factory footprints will reduce the effect of EU tariffs and make them the market leader in Europe and the U.K. Strategically BYD have made some very smart moves and outflanked Tesla with their slow-selling Cybertruck, cancellation of the Model 2 project and alienating the liberal customer base with Elon's political comments.' BYD's brand awareness In 2023, BYD's brand recognition in the UK was just one per cent. In 2024 it was up to 31 per cent. It also became the UK's fastest growing automotive brand last year; BYD sold over 8,700 passengers cars in the UK in 2024, an increase of 658 per cent vs 2023. And it was mainly down to BYD's sponsorship deal with the Euro 2024 football tournament. Following England's loss in the final to Spain, BYD celebrated a brand awareness lift of 187 per cent in key European markets. Throughout half time over a billion people saw BYD's TV adverts for a month while the tournament lasted, and branding plastered pitch side. As a result, Auto Trader, the UK's largest new and used car marketplace, found that the opening weekend of Euro 2024 sparked a 69 per cent spike in BYD search compared to a week earlier. Erin Baker, editorial director at Auto Trader said that the traffic data 'triggered a step-change in awareness of BYD little more than a year after they entered the UK market.' How BYD plans to takeover the UK If you thought BYD's rise has been cataclysmic up until now, the brand is set to accelerate its offensive on the UK market over the coming months. At the launch of its new Dolphin Surf this month, the Chinese brand said it is on the verge of introducing more models more quickly than any car company ever has before. Alfredo Altavilla, BYD's special advisor for Europe, said: 'I have zero problem in saying I don't think there has ever been such a product offensive done in Europe as the one that BYD is doing.' As well as launching more new cars, this week it also confirmed a partnership that will make its EVs more affordable to run than anything else on the road. In a deal struck with UK energy firm Octopus Energy, it has delivered a new 'all-inclusive' EV bundle which, using 'vehicle-to-grid' - or V2G - technology, provides free charging. Called the Power Pack Bundle, customers can lease a BYD Dolphin supermini from just £299 per month. What makes it incredibly appealing is that Octopus provides a free EV charger, and charging is included in the price. Using the British firm's bi-directional Zaptec Pro wallbox, owners plug their cars in at the end of the day and the device drains the battery, with the electricity sold back to the grid at peak times when prices are highest. Then, at off-peak hours (typically the middle of the night), it will feed the energy back into the car, fully charging it for when it's needed in the morning. The higher earnings from peak electricity sale will offset the cost off-peak charging. Greg Jackson, Octopus' CEO, says customers will need to plug their car in around 20 times per month for 12 hours sessions to benefit from cost-free charging. Given that most EV owners leave their cars plugged in when they get home from work and leave it until the morning, it shouldn't be an inconvenience. Has BYD's rise come too fast too soon? While BYD appears to be steaming ahead with its plans to dominate the car market, recent reports suggest it has slowed its production and expansion pace in recent months. Reuters claims it has already slashed shifts at some factories in China and delayed plans to add new production lines, based on comments from 'two people with knowledge of the matter'. The decisions are a sign that BYD's robust sales growth could slow, as it grapples with rising inventory even after offering deep price cuts in China's cutthroat auto market. BYD has cancelled night shifts and reduced output by at least a third of the capacity at some of its factories, said the sources who declined to be named because the matter is private. These previously unreported measures were imposed on at least four factories and BYD had also suspended some plans to set up new production lines, one of the people said. Reuters was not able to identify the exact scale of the production reduction and expansion suspension, nor to ascertain how long these measures may last. One of the sources said the moves were aimed at saving costs, while the other said they were imposed after sales failed to meet targets. Data from the China Association of Automobile Manufacturers showed growth of BYD's output had slowed to 13 per cent and 0.2 per cent year-on-year in April and May, respectively, both of which were the slowest pace since February 2024 when factory activities were disrupted by a week-long lunar New Year holiday. This is Money has contacted BYD for comment but it has refrained from providing a response statement.