Used electric vehicle (EV) batteries could soon be on the market at a significantly reduced cost that competes with brand new energy storage systems, according to a Bloomberg New Energy Finance (BNEF) report.
Despite its thirteenth quarterly reverse on the spin, Tesla chairman and chief executive Elon Musk predicts Tesla and SolarCity will create an automotive-energy giant worth US$1 trillion.
It’s no surprise that Elon Musk’s announcement that he was working on Tesla’s second master plan was met with great anticipation. Lux Research’s Chris Robinson looks in depth at the new strategy, which included autonomy, solar power, some vehicles we expected, and some vehicles we didn’t.
India’s transport minister Nitin Gadkari has called on Tesla to set up an Asian manufacturing hub within India and even offered land near major Indian ports to facilitate vehicle exports.
Redox flow battery EV maker nanoFlowcell is planning a stock market flotation on the back of a major restructuring process.
Automotive giant Nissan has launched a “groundbreaking” vehicle-to-grid project alongside a new battery storage system which it says will power the firm’s UK offices by 2017.
The acquisition of a “next generation” battery start-up by Bosch could be a milestone for the e-mobility sector, but represents a risk for the German engineering giant, according to one analyst.
GE’s intention to move into the energy storage industry is a further sign that the sector is maturing, a leading analyst has said.
Battery manufacturer BYD’s deal to supply up to five electric double-decker buses for London is a “big win” for the company but not enough for them to start discussions on a European base, according to Lux Research’s Lilia Xie.
Battery and storage system maker A123 will double its production output to 1.5GW through a capital expansion plan worth more than US$300 million, the initial phase of which the company says has already begun.
