Tag: batteries
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Vianode to Build $3.2-Billion Graphite Plant in Ontario to Power EV Batteries
Vianode Announces Major Investment in Ontario’s EV Supply Chain In a move that underscores Canada’s growing role in the electric vehicle (EV) battery ecosystem, Norwegian company Vianode has unveiled plans for a $3.2-billion synthetic graphite plant in southwestern Ontario. The project, centered in the town of St. Thomas, signals a significant expansion of Canada’s critical…
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Hyundai to Invest KRW 125.2T in Korea Through 2030
Hyundai Unveils Record Domestic Investment Plan Hyundai Motor Group has announced a landmark commitment to invest KRW 125.2 trillion in South Korea from 2026 through 2030. The plan, described by executives as the largest-ever domestic investment push, signals a sweeping strategy to bolster local production, accelerate electric vehicle technology, and strengthen the country’s position in…
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Powerwall 2 Recall: Tesla Issues 10,500 Units Overheat Risk
Overview of the Recall Tesla is recalling about 10,500 Powerwall 2 home-energy storage systems after a safety assessment found a potential overheating and fire risk in certain lithium-ion battery cells. The U.S. Consumer Product Safety Commission disclosed the recall, which affects a portion of Powerwall 2 installations already in homes or in transit to customers.…
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China Tightens Rare Earth Exports: Auto Supply Chains at Risk
Chinese Rare Earth Curbs Trigger Alarm Across the Auto Industry The latest move by China to tighten exports of rare earths and related technologies has reignited concerns about the resilience of global automotive supply chains. As the world’s leading supplier of critical minerals and processing capacity, Beijing’s expanded restrictions are being watched closely by carmakers,…
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Auto industry alarm as China tightens rare earth curbs
China’s rare earth clampdown ripples through the auto sector The automotive industry is sounding the alarm as Beijing expands restrictions on rare earth exports and related technologies. The move, announced by China’s Commerce Ministry, is intended to curb the “misuse” of these critical minerals in military and sensitive sectors. But industry groups warn that tighter…
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Chinese EVs Surge into Europe: Lightweight Path to Local Production
Overview: A New Chapter for Chinese EVs in Europe In the last few weeks, Europe’s auto industry has edged toward a new reality as Chinese carmakers accelerate their European ambitions. Marked by the Munich Motor Show and a flurry of announcements, Chinese firms are pursuing a blend of overseas expansion and local collaborations to rapidly…
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Otovo restructures, cuts 88 jobs to outsource installation
Otovo restructures and trims workforce Otovo, the Oslo-listed solar company known for selling rooftop solar panel solutions and batteries, announced a major restructuring that will cut 88 positions. The workforce is set to fall from 213 to 125 employees as part of the strategic shift. The company said the job cuts are aimed at lowering…
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China-Nordic Economic Forum: EVs and Batteries Take Center Stage
An enduring platform for Sino-Nordic trade The China-Nordic Economic Forum, established in 2018, is the first and only long-term mechanism dedicated to fostering economic and trade cooperation with Nordic countries. As the 2025 edition approaches in Wuhan, the forum continues to serve as a bridge for mutual understanding, investment, and market access, with the event…