Latest news with #batterytechnology
E&E News
2 days ago
- Business
- E&E News
Electric trucks to hit cost parity with diesel rigs by 2030 — report
By the end of the decade, the cost of buying and operating electric trucks could equal — or even beat — the price of comparable diesel vehicles, new research shows. But to help make that happen state and federal officials need to keep in place policies that are designed to foster the electric transition, says Energy Innovation and the International Council on Clean Transportation, the two groups that wrote the report. At the moment, the U.S. electric truck market is an anomaly compared with the rest of the world. Advertisement Companies are investing more in battery manufacturing in the United States than in China or Europe — and battery costs are declining. Yet the cost of electric trucks remains higher in the U.S. than abroad, in part because few companies make those vehicles.
Yahoo
3 days ago
- Business
- Yahoo
Boyd to Exhibit at The Battery Show Europe 2025 in Stuttgart, Germany
Showcasing Boyd's Latest Innovation to Enable More Durable Thermal Runaway Prevention and Containment Solutions for Safer, More Powerful eMobility Batteries STUTTGART, Germany, May 29, 2025--(BUSINESS WIRE)--Boyd, a leader in battery thermal propagation prevention and thermal runaway containment technology, will exhibit at The Battery Show Europe, taking place June 3 – 5, 2025 in Stuttgart, Germany. Boyd experts will be on site to discuss how its battery technologies proactively and safely prevent and contain battery thermal runaway events. Boyd employs multi-functional, complex solutions designed for cell-to-cell application that absorb impact, vibration and movement, dissipate cell heat, and act as a barrier to quickly isolate extreme heat or flame in the unlikely event battery safety design features fail to prevent cell-to-cell thermal runaway propagation. Boyd technologies maintain homogenous temperatures across battery cells, enable faster charge / discharge cycles, reduce battery overheating, and isolate and prevent catastrophic battery damage. Experts will also be available to discuss how customers can leverage Boyd's new state-of-the-art Battery Material Safety Lab announced last month. Boyd is helping customers safely accelerate battery design and time-to-market as a one-stop-shop to design, validate, and manufacture integrated thermal runaway prevention technologies. "Boyd has exhibited at The Battery Show Europe for many years, and we are honored to continue our participation in 2025," said Kevin Kettler, Boyd Chief Transformation Officer. "This event is a valuable opportunity for global OEMs, tier suppliers, and industry innovators to regionally collaborate and address the evolving challenges European eMobility battery designers face today. We are helping regional eMobility leaders design thermal runaway prevention and containment solutions that enhance battery safety and reliability." Visit Boyd at booth 10-B16 to learn more about its innovative thermal runaway prevention and containment solutions. About Boyd Boyd is the trusted global innovator of sustainable solutions that make our customers' products better, safer, faster, and more reliable. Our innovative engineered materials and thermal solutions advance our customers' technology to maximize performance in the world's most advanced data centers; enhance reliability and extend range for electric and autonomous vehicles; advance the accuracy of cutting-edge personal healthcare and diagnostic systems; enable performance-critical aircraft and security technologies; and accelerate innovation in next-generation electronics and human-machine-interface. Core to Boyd's global manufacturing is a deep commitment to protecting the environment with sustainable, scalable, lean, strategically located regional operations that reduce waste and minimize carbon footprint. We empower our employees, develop their potential, and inspire them to do the right things with integrity and accountability to champion our customers' success. Visit us at View source version on Contacts Amie Jeffries, 2094092476 Sign in to access your portfolio
Entrepreneur
3 days ago
- Business
- Entrepreneur
CATL's Record-Breaking IPO Set to Fuel Global Growth
Contemporary Amperex Technology Co. Limited (CATL), the world's largest electric vehicle battery manufacturer, has completed a massive initial public offering that analysts say will significantly accelerate the company's international expansion... This story originally appeared on Calendar Contemporary Amperex Technology Co. Limited (CATL), the world's largest electric vehicle battery manufacturer, has completed a massive initial public offering that analysts say will significantly accelerate the company's international expansion plans. The Chinese battery giant's listing has broken records in the domestic market, drawing intense interest from both institutional and retail investors. This capital influx comes at a critical time as CATL faces increasing competition in the rapidly growing electric vehicle battery sector. Record-Breaking Market Debut CATL's shares surged immediately upon listing, reflecting strong investor confidence in the company's growth trajectory and market position. The offering raised billions of dollars, making it one of the largest initial public offerings (IPOs) in China's technology sector in recent years. Market analysts point to several factors driving investor enthusiasm: CATL's dominant position as a supplier to major global automakers The company's advanced battery technology and research capabilities Strong government backing for China's electric vehicle industry 'This successful listing gives CATL the financial firepower it needs to compete globally,' said a market analyst familiar with the company. 'They now have the capital to fund new factories, research facilities, and strategic partnerships worldwide.' Global Expansion Strategy CATL has made no secret of its international ambitions. The company already supplies batteries to major automakers including Tesla, BMW, and Volkswagen. With its newly acquired capital, CATL is expected to accelerate plans for manufacturing facilities in Europe and North America. The company has already broken ground on a massive factory in Germany, its first production facility outside China. Industry experts believe that additional plants will follow as automakers worldwide increase their production of electric vehicles. 'CATL recognizes that being close to their customers is essential,' noted an industry consultant. 'Building factories in key markets reduces shipping costs, supply chain risks, and helps them adapt products to regional requirements. Technology Investment and Competition A significant portion of the IPO proceeds is likely to be allocated toward research and development. CATL faces growing competition from rivals like LG Energy Solution, Samsung SDI, and emerging battery startups. The company has been developing next-generation battery technologies, including solid-state batteries that promise increased energy density, faster charging, and enhanced safety. These advancements are crucial as electric vehicles move into the mainstream. CATL must also navigate an increasingly complex geopolitical landscape. Rising tensions between China and Western nations have led some governments to question reliance on Chinese battery suppliers for what they consider strategic industries. 'The battery industry is becoming highly politicized. CATL needs to position itself as a global company, not just a Chinese one, to maintain access to key markets,' said a policy expert who tracks the industry. Market Outlook The global electric vehicle battery market is projected to grow at a compound annual rate exceeding 25% through 2030. This growth is driven by government mandates to reduce carbon emissions, falling battery costs, and increasing consumer acceptance of electric vehicles. CATL's successful IPO positions the company to maintain its market leadership despite these challenges. The company currently controls approximately 35% of the global electric vehicle (EV) battery market, with significant market shares in China and Europe. As automakers commit to phasing out internal combustion engines, demand for high-performance batteries is expected to continue rising. CATL's expanded manufacturing capacity and research capabilities, funded by its blockbuster listing, will be critical to meeting this demand. For investors, the successful IPO represents confidence that CATL can navigate both technological changes and geopolitical challenges while maintaining its growth trajectory in a market that will be central to the future of transportation. The post CATL's Record-Breaking IPO Set to Fuel Global Growth appeared first on Calendar.
Zawya
4 days ago
- Business
- Zawya
99% faster ev charging: NIO redefines electric vehicle charging in the UAE with 3-minute battery swaps
The UAE's first Power Swap Station has seen adoption by 15% of local NIO users, with expansion plans underway to meet growing demand Dubai's first location set to open within the coming weeks Abu Dhabi, United Arab Emirates: NIO, a global leader in premium smart electric vehicles, is redefining how drivers in the UAE power their EVs with the successful deployment of its Power Swap Station technology. Offering a seamless alternative to conventional charging, NIO's patented battery swapping technology enables users to receive a charged battery in as little as 3-minutes. This advanced infrastructure provides a faster and more energy efficient solution compared to traditional EV charging, addressing two of the biggest challenges facing EV adoption in the UAE: long charging times and limited charger availability. The system is fully automated, from autonomously parking inside the station, to removing and replacing the discharged battery and a complete health check is performed on the battery, motor, and electric systems. Every swapped battery is charged under optimal conditions and monitored to ensure peak performance and safety. The five key benefits of battery swapping are: As fast as refuelling, a battery swap only takes 3-minutes Hassle-free and automated swap, without leaving the car Every swap is a health check, ensuring every battery is in Full system health check at every swap Optimized charging for longer battery lifespan A swappable battery is more easily reused or recycled The UAE's first Power Swap Station was officially opened in February 2025, located at Yas Marina Circuit. Since then, around 15% of NIO users in the UAE are actively battery swapping, a number which will continue to grow as more stations are added to the network. This reflects genuine user adoption and an increasing preference among local users. Unlike conventional charging, that, due to charging curves, slows as the battery nears full capacity, battery swapping provides a charged replacement instantly. NIO Power Swap can provide a more efficient energy deliver solution for the user, eliminating delays, making electric vehicles more practical for everyday use. Comparing swapping to charging, a 100-kilowatt-hour battery from 5% to 95% would typically take: 8 hours on 11kW AC – up to 99% time saving via NIO Power Swap Station 2 hours on 50kW DC – up to 97% time saving via NIO Power Swap Station 45 minutes on 120kW DC – up to 93% time saving via NIO Power Swap Station To date, more than 1,749 kilowatt-hours of electricity have been delivered through battery swaps. Delivering the same amount of energy with a 120kW DC charger would take around 15 hours, while the Power Swap Station has done it in just 1.4 hours of total swapping time, a tenfold improvement in energy delivery time. As demand for battery swapping continues to grow, a second NIO Power Swap Station is set to open in Dubai in the coming weeks, with further stations to follow later this year. NIO's Power Swap Station reinforces the brand's alignment with the Abu Dhabi Economic Vision 2030, which encourages investment in sustainable and innovative mobility solutions designed to support the UAE's fast-growing population. About NIO MENA NIO MENA is the Middle East and North Africa subsidiary of NIO, a pioneer and global leader in premium smart electric vehicles. NIO MENA was established in partnership with CYVN Holdings, a specialist investment vehicle based in Abu Dhabi, focused on smart and advanced mobility solutions. Together, NIO and CYVN are driving technological innovation, expanding NIO's market presence, and advancing the global transition toward sustainable mobility. NIO MENA has been established in the UAE since October 2024, with its regional headquarters in Abu Dhabi. The company plans to expand its footprint across the region, bringing cutting-edge electric vehicle technology and premium services to MENA in the coming years. Founded in November 2014, NIO is listed on stock exchanges in the United States, Hong Kong, and Singapore. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the firefly brand. With a focus on developing core technologies, the brand has amassed over 9,800+ patents by April 2025 and created the NIO Full Stack, encompassing 12 technology domains. NIO has R&D and manufacturing facilities in Shanghai, Hefei, Beijing, Nanjing, Shenzhen, Hangzhou, Wuhan, San Jose, Munich, Oxford, Berlin, Budapest, and Singapore. The company has also established sales and service networks in China, Norway, Germany, the Netherlands, Sweden, and Denmark.
Auto Express
4 days ago
- Automotive
- Auto Express
Are EV batteries the future? Electric car batteries explained
EV technology has been touted as the future, swapping combustion engines and fuel tanks for electric motors and batteries. Yet despite electric cars already making their way into the mainstream, the tech that powers them remains something of a mystery, with manufacturers offering very little explanation as to exactly how electricity from a plug socket is stored in your car and subsequently consumed and transformed into kinetic energy via the electric motors. Advertisement - Article continues below Porsche invited us to its battery development centre in Weissach to speak to its experts so we can cut through the fog and demystify EV technology. Most electric car batteries are of the lithium ion variety, which is essentially a much larger version of the one found in your smartphone. A battery pack comprises several different modules, which contain a variety of cells; the Porsche Taycan's 93kWh Performance Battery Plus, for example, boasts 33 modules, each accommodating 12 cells. Each cell has a positive 'cathode' and a negative 'anode'; the former is typically made from either Lithium Nickel Manganese Cobalt Oxide (NMC) or Lithium Iron Phosphate (LFP), while the latter is usually made from graphite. These are split by a non-conductive separator, with a liquid 'electrolyte' solution surrounding it all, enabling lithium ions to be transferred between the positive and negative ends. Skip advert Advertisement - Article continues below When the car is charging, lithium ions will flow through the cabling and, in the case of pouch-style batteries such as the ones used by Porsche, inside via metallic tabs. These are funneled into the anode and then, thanks to the presence of electrolytes, through the separator and into the cathode, in which they are stored. When the car is discharging energy, the opposite will occur, with lithium ions travelling from the cathode to the anode and then through cabling onto the electric motor. As mentioned, there are two main types of lithium ion batteries – NMC and LFP – both with distinct advantages and disadvantages. The former is by far the most popular chemistry adopted for EV batteries, offering superior energy density, meaning more lithium ions can be stored per cell, in turn leading to less weight per kilowatt-hour of storage – ideal for a sports car such as the aforementioned Taycan. Advertisement - Article continues below Unfortunately, NMC battery technology has rightly come under fire due to the unsustainability of mining precious metals such as cobalt, while the lifespan is typically shorter than that of an LFP alternative. LFP batteries, on the other hand, may not have the same energy density as NMC units, but they are considered much more environmentally friendly thanks to their lack of precious metals. Iron Phosphate cells are cheaper to produce than their NMC brethren, making them an ideal candidate for budget EVs. How long an electric car battery will last ultimately depends on the way it's used; those operating constantly at a high temperature, driven for longer periods and charging to 100 per cent more frequently will ultimately hold onto less of their maximum capacity as time goes on. Porsche, for example, offers its cars with an eight-year, 100,000-mile battery warranty, however the general view is that most batteries will go on for much longer. Porsche's battery tech team told us their cars' batteries could go on for as long as 15 years and over 180,000 miles before dipping below 70 per cent capacity. Of course, this is just an estimate, because battery technology has not been on the market long enough for the calculation to reference real-world examples, although the packs are tested in a variety of temperatures and environments to ensure their reliability. Advertisement - Article continues below Skip advert Advertisement - Article continues below It's also worth pointing out that misuse of a battery pack by rapidly and frequently overheating and cooling it could lead to what's known as 'sudden death'. This rather morbid-sounding phenomenon essentially results in a sudden loss of capacity, either through short-circuiting or lithium plating (a process in which the ions, unable to properly enter either the cathode or anode, solidify within the electrolyte itself). One of the main concerns surrounding EV batteries is that of thermal runaway, which can lead to huge fires that may be difficult to control. Yet while there are some stories of EVs catching fire, the issue may be somewhat exaggerated. Porsche, like other manufacturers, incorporates failsafes into its systems, with accelerometers and sensors that will immediately discharge high-voltage components (not the battery itself) whenever it detects an impact. In the new Porsche Macan Electric, these HV parts are also positioned far and away from high-load impact areas, with the body itself designed to redistribute forces and minimise stress on the battery pack. However, it's worth pointing out that while EVs are built to the same safety standards as internal-combustion cars, fires generated by the battery can still occur and are typically ferocious and difficult to contain. Porsche designs its EV batteries in such a way that thermal runaway is contained for long enough that emergency services can arrive in time to put a blaze out if one occurs. However, fire departments still require special training because electrical fires require more water than one caused by an ICE car and generate several toxic gases. The whole concept of electric cars pivots on the concept of sustainability, so it'd be no use if building electric-car batteries was more environmentally detrimental than producing an ICE equivalent and, on the face of it, things don't look positive for EVs. Advertisement - Article continues below Skip advert Advertisement - Article continues below Figures clearly show that building an EV battery emits far more carbon dioxide than making an ICE car, with the batteries specifically relying on rare earth minerals that are not only limited in quantities, but also polluting to extract. However, a 2023 study by the US Department of Energy found that, on average, after two years or 19,500 miles, an EV will break even in terms of CO2 emissions with an equivalent ICE car, thus being considered more environmentally friendly thereafter. Things are expected to improve once factories adopt more green energy, and recycled materials start to make their way into EV batteries, reducing the need for polluting large-scale mining. However, the most economically friendly choice for now remains to choose a used EV, rather than buy a new one and thus require the manufacture of a new battery pack. In an effort to create a more circular economy and rely less on the likes of Russia and China, EU 'Rules of Origin' regulations require that, from 2026, manufacturers incorporate a proportion of recycled content in their EV batteries, rising year-on-year to 16 per cent for cobalt, 85 per cent for lead and six per cent for lithium and nickel by 2031. Such will be made possible with pilot schemes such as the one run by Porsche. Using discarded EV batteries from test cars, teams are working to refine the matter extracted from the used cells into materials that should offer like-for-like performance with the raw ones mined from the earth. Advertisement - Article continues below Skip advert Advertisement - Article continues below Of course, this remains a pilot scheme for now – Porsche expects full production to commence in 2035 – with recycled materials being used in EV batteries likely to come from other sources throughout the first few years of the EU's RoO scheme. Nevertheless, it's proof that EVs can exist as part of a circular economy, with huge investment meaning the technology and the means to recycle batteries will advance rapidly over time. EV battery tech has evolved hugely in the last decade, with improved reliability and range figures of well over 400 miles now possible. Yet, that's not to say that we've reached the peak of what's possible – electric-car batteries are, relatively, still in their infant form. For example, while the original Nissan Leaf came with a dinky 24kWh battery pack, this size can now be found in the likes of plug-in hybrids, with the top EVs now getting capacities well in excess of 100kWh. When asked whether Porsche expects battery sizes and ranges to continue growing exponentially, Dr. Benjamin Passenberg, the company's Director of Battery Cells, estimated that there will eventually be a plateau in terms of range figures at around 500 miles in 2030. Such a levelling-off is expected to coincide with continued improvement in the public charging network, with the possibility of battery sizes actually decreasing as chargepoints become faster and easier to locate. The likes of BMW and Toyota are also testing new solid-state battery technology as a replacement for lithium ion chemistry. This will provide a much greater energy density and capacity than lithium ion equivalents, while they also suffer much less from degradation over time and have a much lower fire risk. Such technology is still in development, with Toyota saying it doesn't expect its solid-state batteries to make production before 2027 – although it's worth pointing out that over the past 15-or-so years the Japanese firm has been working on them, this date has continually slipped further and further into the future. Want the latest car news in your inbox? Sign up to the free Auto Express email newsletter... Find a car with the experts It's only a matter of time before Jaguar Land Rover builds a factory in the USA It's only a matter of time before Jaguar Land Rover builds a factory in the USA Mike Rutherford thinks Jaguar's 'Reimagine' strategy will result in the company exploring further opportunities in the USA Labour hints at major luxury car tax U-turn to boost EV sales Labour hints at major luxury car tax U-turn to boost EV sales Is pressure from retailers and car makers finally cutting through with ministers? Car Deal of the Day: Ford Explorer gives you practicality, style and EV power for £228 a month Car Deal of the Day: Ford Explorer gives you practicality, style and EV power for £228 a month Family-friendly SUV is arguably Ford's best electric car, and great value, too. It's our Deal of the Day for 24 May
