battery Archives — City Business News

June 22, 2022 No Responses

Toyota Joins Redwood Materials’ EV Battery Recycling Initiative

The United States startup Redwood Materials Incorporated on Tuesday said Japan’s Toyota Motor Corporation has become the latest auto industry giant to join its comprehensive electric vehicle (EV) battery recycling and remanufacturing initiative. Redwood Materials, whose partners include automaker Ford...

May 21, 2022 No Responses

Hyundai Budgets $5.5b For EV, Battery Facilities In U.S.

South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States Reuters report that Hyundai will break gr...

January 22, 2022 No Responses

Hyundai Motor Partners Quantum Computer On Battery Development

Quantum computer maker, IonQ Incorporated has sealed partnership with Hyundai Motor on the use of quantum computers to develop more effective batteries. A statement explained that the partnership will create a battery chemistry model to simulate the...

September 8, 2021 No Responses

Toyota Votes $13.5b To Develop Electric Vehicle Battery

Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade.The world’s largest automaker....

May 3, 2021 No Responses

Ford, BMW Lead $130m Investing Round In Solid-State Battery Startup

Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the ...