Latest news with #batterytechnology
New York Times
8 hours ago
- Automotive
- New York Times
Chinese Car Giants Rush Into Brazil With Dreams of Dominating a Continent
A two-hour drive beyond the traffic jams of São Paulo, past the vast valleys of sugar cane, one of the first Chinese battery-powered-car factories in the Americas is getting ready to open. Its goal is to reinvent the way Brazil drives, and ultimately, the rest of Latin America, much as Chinese automakers have already done across much of Asia and want to do in Europe. Until recently, this factory was run by Mercedes-Benz, the German giant of 20th century automotive innovation that churned out cars powered by gasoline. Today, it's owned by Great Wall Motor, a company that decades ago made rugged pickup trucks for the Chinese countryside but is now one of China's leading exporters of stylish, affordable electric cars. The change in hands reflects a profound disruption for one of the world's most vital industries. If American and European gas-guzzling cars once dominated global tastes and trends, that era appears to be fast turning to China's favor. Today, not only does China make and export more cars of all types than any other country in the world, Chinese firms dominate the global manufacture of battery-powered vehicles of the future. They also control the supply chain for virtually everything that goes into those cars. Want all of The Times? Subscribe.
Yahoo
2 days ago
- Business
- Yahoo
QuantumScape (QS) Extends Rally for 9th Session Ahead of Q2
We recently published . QuantumScape Corporation (NYSE:QS) is one of this week's top performers. The rally in shares of QuantumScape showed no signs of stopping on Friday, extending gains to a ninth consecutive day to hit another all-time high, as investors continued to place bets ahead of its upcoming earnings performance. Continued investor confidence was primarily driven by the company's announcement last month of a new milestone that would scale up its production capabilities. Called the Cobra separator, the new process is designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes. As compared with the prior generation Raptor process, QuantumScape Corporation (NYSE:QS) said Cobra offers a ~25x improvement in heat treatment speed and occupies a fraction of the physical space per film start—both of which are key advantages in the design of a scalable gigafactory production line. Photo by Kumpan Electric on Unsplash Investors will be closely watching out for QuantumScape Corporation's (NYSE:QS) updated outlook for the rest of the year, with a new production process now in full swing. The company is set to release its second quarter earnings results and hold an investor call on Wednesday, July 23, after the market close. While we acknowledge the potential of QS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
QuantumScape (QS) Skyrockets 52% W/W as Production Milestone Bolsters Outlook
We recently published . QuantumScape Corporation (NYSE:QS) is one of this week's biggest players. QuantumScape surged by 51.68 percent in just a week's trading, extending its rally to a ninth consecutive day on Friday to close at $14.64, as investors appeared overly optimistic about its new production milestone, taking the chance to position ahead of its second quarter earnings performance. Continued investor confidence appeared to be driven by the company's announcement last month that it had achieved a new milestone that would scale up its production capabilities. Called the Cobra separator, the new process is designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes. As compared with the prior generation Raptor process, QuantumScape Corporation (NYSE:QS) said Cobra offers a ~25x improvement in heat treatment speed and occupies a fraction of the physical space per film start—both of which are key advantages in the design of a scalable gigafactory production line. A line of electric vehicles parked in front of a research & development building in San Jose, California. Investors will be closely watching out for QuantumScape Corporation's (NYSE:QS) updated outlook for the rest of the year, with a new production process now in full swing. The company is set to release its second quarter earnings results and hold an investor call on Wednesday, July 23, after the market close. While we acknowledge the potential of QS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
6 days ago
- Automotive
- New York Times
China Puts New Restrictions on E.V. Battery Manufacturing Technology
The Chinese government said on Tuesday that it would restrict any effort to transfer out of China eight key technologies for manufacturing electric vehicle batteries, a move that could cement the country's already dominant role in the production of electric cars. The plan could make it harder for Chinese electric carmakers to set up factories overseas, as the European Union has pushed them to do. Effective immediately, any overseas transfer of these technologies through trade, investment or technological cooperation will first require a license from the Chinese government, the Ministry of Commerce said in a statement. Chinese manufacturers have achieved important breakthroughs in the past five years in making inexpensive batteries that can provide considerable driving range for electric vehicles. The new generation of battery technology is central to China's success in building electric cars that are considerably cheaper than electric and gasoline-powered cars made in other countries. The European Union has been pressing Chinese automakers and battery manufacturers to set up operations in the bloc as an unofficial condition for continued growth in sales of Chinese cars there. The United States has been more wary of Chinese investment, but plans for at least two Chinese electric car battery factories have been proposed in Michigan. The new restriction on battery technologies comes less than three months after Beijing began requiring licenses for exports of seven kinds of rare earth metals and the magnets made from them. Those restrictions have already caused considerable disruption to companies in the West and Japan that manufacture cars, robots and other advanced devices that require electric motors with small but powerful rare earth magnets. Want all of The Times? Subscribe.
South China Morning Post
14-07-2025
- Automotive
- South China Morning Post
CATL, BYD partner with Australia's BHP to electrify mining industry
Contemporary Amperex Technology (CATL) and BYD have signed initial agreements with Australian mining giant BHP to collaborate on battery technology and electrification of mining operations, as both mainland firms explore new growth avenues amid a weakening outlook for electric vehicles (EVs). Melbourne-based BHP said on Monday that it had signed memorandums of understanding (MOUs) with CATL, the world's largest battery maker, and FinDreams Battery (FDB), a fully owned subsidiary of BYD, the world's largest EV maker, to collaborate on battery development for mining equipment, locomotives and fast-charging infrastructure. CATL and FDB will also focus on energy storage systems and battery recycling options, leveraging BHP's copper operations to enhance recycling processes and create sustainable value chains in the mining sector. BHP said its partnership with BYD involved evaluating the Chinese EV maker's commercial and light vehicles for mining applications to reduce diesel use. Visitors look at the fast-charging battery from CATL that promises 520km from 5 minutes of charging. Photo: AP 'Together with forward-thinking mining companies like BHP, we aim to demonstrate how advanced battery technologies can decarbonise mining operations, logistics and product delivery,' said Tan Libin, head of overseas business at CATL. This would accelerate a sustainable and efficient future while creating long-term value and transform the global mining industry through innovation, he added. The signing of the MOU represented a pivotal milestone for accelerating decarbonisation across the global resources sector, said Jack Li, a general manager at FDB.
