Battery tech developments & impact on charging

Dassault Systèmes has signed a Memorandum of Understanding (MoU) with Verkor, a European company operating in the electric vehicle and stationary batteries space. 

US-based Ascend Elements has started construction of its largest electric vehicle battery recycling and engineered materials manufacturing facility with a ceremonial ground-breaking. 

TuanChe, an integrated automotive marketplace in China, has signed a strategic cooperation agreement with YangMing New Energy Technology to expand its research capabilities in the field of EV batteries as well as strengthen the company's supply chain capacity. 

Ionic Mineral Technologies, an American advanced battery materials company, has provided an in-depth response to the US Department of Energy’s “Request for Information on the Department of Energy’s Critical Materials Research, Development, Demonstration, and Commercialisation Application Program” (DE-FOA-0002794). 

The global EV battery market is projected to grow at a CAGR of 19.0% from US$56.4bn in 2022 to US$134.6bn by 2027. 

Mercedes-Benz has finalised a supply agreement with Canadian-German start-up Rock Tech Lithium to secure high-quality lithium used in battery production as part of a direct sourcing approach. 

While electric cars will remain the largest electric vehicle market for the foreseeable future in terms of battery demand and market revenue generation, most transport sectors are facing a transition. In this article, IDTechEx summarises key developments in non-automotive sectors, showing each sector's global battery demand (in 2021) for relative scale. For reference, battery-electric and plug-in hybrid cars demanded approximately 280GWh globally in 2021.

Digital transparency company Everledger has announced the launch of a battery passport pilot with automotive manufacturer Ford Motor Company that is designed to ensure responsible recycling of EV batteries.

Hyundai Motor Group executive chair, Euisun Chung, along with Governor Brian P Kemp, and company officials, and state and local leaders, have officially broken ground on the Hyundai Motor Group Metaplant America (HMGMA) new manufacturing plant at the Bryan County mega site in Georgia. 

Vianode, owned by Elkem, Hydro and Altor, has opened a research & development technical centre for sustainable battery materials in Kristiansand, Norway.