Author: Triyas Agus

Spain has reactivated its electric vehicle (EV) subsidy programme Moves III, retroactive to January 2025, and injected an additional €400 million to fund the scheme through the end of the year, the government announced. The renewed subsidy programme provides up to €7,000 for individuals purchasing battery-electric or hydrogen cars, while commercial vehicles are eligible for subsidies of up to €9,000, depending on type and range. Plug-in hybrids with more than 90 km of electric range qualify for the full amount, and those with 30–90 km range can receive up to €5,000. Smaller subsidies apply to electric motorbikes, tricycles, and light…

hinese electric vehicle maker Neta Auto has reportedly dismissed its entire research and development (R&D) team amid ongoing financial difficulties, Chinese media outlet Leiphone reported. The move follows earlier reports of salary reductions and production halts at the company’s main plant. Around 200 of Neta’s 1,700 R&D employees have already accepted severance packages this week, according to Leiphone. The layoffs raise concerns about the company’s ability to maintain innovation and competitiveness in China’s crowded EV market. See also: Neta Auto Gains Local Support Amid Restructuring and International Expansion Industry data suggests a sharp decline in Neta’s market performance. The company…

Xpeng has entered the Indonesian market and plans to establish local production by the second half of 2025, marking its first overseas factory as the Chinese electric vehicle (EV) maker accelerates its global expansion. The company has begun pre-sales for the G6 SUV and X9 MPV in Indonesia, though pricing details were not disclosed. It has partnered with local dealer Eral (Erajaya Active Lifestyle) and will introduce right-hand drive versions of both models later this year, Xpeng said in a statement. See also: Xpeng Proposes 28.5 Million Share Grant for CEO He Xiaopeng with Performance Conditions “As the most populous…

Indonesia Battery Corporation (IBC) and CBL International Development, a unit of China’s battery giant Contemporary Amperex Technology Co (CATL), have formed a joint venture (JV) to construct a battery cell manufacturing plant in Indonesia, according to a report by state media outlet Antara. The joint venture, initially announced in 2022, is expected to involve an investment of up to $1.18 billion and aims to build a plant with a production capacity of 15 gigawatt hours (GWh). Toto Nugroho, CEO of IBC, stated that the planned capacity will meet both domestic and global demand for batteries. “This capacity will be enough…

Gotion High-tech, a major player in the power battery industry, has announced plans to establish an institute in Hong Kong focused on researching and developing low-carbon technologies. This initiative comes as part of a partnership with Hong Kong-listed Envision Greenwise Holdings (HKG: 1783), aimed at advancing battery energy storage systems (BESS) and promoting global low-carbon technology research, development, application, and trading. The collaboration between Gotion and Envision will focus on joint research into new technologies and business models for BESS. It will also facilitate the development and implementation of low-carbon technologies on a global scale. Gotion views this partnership as…

Electra Battery Materials has been awarded a $5 million grant by the Canadian government to construct North America’s inaugural cobalt sulphate refinery. The facility, slated for Temiskaming Shores in Ontario, is anticipated to generate sufficient cobalt annually for the batteries of approximately 1.5 million electric vehicles. The company asserts that once operational, the plant will contribute approximately five percent of the global supply of battery-grade cobalt. However, specific details regarding the construction and commissioning timeline are yet to be disclosed by Electra. In a demonstration of its capabilities, Electra showcased a pilot plant at its refinery complex last year, following…

Automotive Cells Company (ACC) has obtained a loan of 4.4 billion euros to bolster the construction of three gigafactories for lithium-ion battery cell production across Europe, along with investments in research and development. Shareholders Stellantis, Total, and Mercedes-Benz will also inject additional capital, leading to a shift in ownership structure. According to ACC, the secured €4.4 billion loan represents one of Europe’s largest-ever debt raisings in the industry, aimed at developing four production blocks in addition to the existing facility in Billy-Berclau/Douvrin, France. The company plans to establish a second block in Douvrin, and further blocks in Kaiserslautern, Germany, and…

JSW Group, a steel and energy conglomerate, has announced plans to allocate 400 billion rupees ($4.82 billion) towards the development of battery and electric vehicle (EV) manufacturing facilities in the Indian state of Odisha. The investment initiative, outlined in a memorandum of understanding (MoU) with the local government, encompasses the establishment of a state-of-the-art battery factory with a targeted production capacity of 50 gigawatt-hours (GWh). According to a joint statement issued by JSW Group and the Odisha state government, the MoU also outlines plans for the creation of an Integrated Electric Vehicles And EV Battery Manufacturing Project across two cities.…

Panasonic Energy has recently solidified a pivotal purchase agreement with battery materials specialist Novonix, ensuring the provision of synthetic graphite for electric vehicle (EV) battery anodes in the United States. Under the binding deal, Novonix commits to supplying a minimum of 10,000 tonnes over a four-year period, commencing in 2025. Novonix will manufacture the crucial anode material at its Chattanooga, Tennessee facility, strategically located in a city known for hosting VW’s US plant in Germany. Although the specific application of the synthetic graphite remains undisclosed in the announcements made by both companies, it is confirmed that the material will undergo…

South Korea’s secondary battery industry, on the cusp of reaching an annual export milestone of US$10 billion, has experienced a slowdown in its growth trajectory. This deceleration is attributed to a decline in battery demand following a slump in electric vehicle (EV) demand, coupled with the relocation of production bases by domestic battery manufacturers to Europe and the United States, resulting in a dip in exports. According to the Ministry of Trade, Industry and Energy on Feb. 4, South Korea’s secondary battery exports totaled US$9.83 billion last year, marking a 1.6% decrease from the previous year. This marks the first…

LG Chem has secured a 25 trillion won ($19 billion) deal with General Motors (GM) to supply electric vehicle (EV) battery materials, the Korean company announced on Wednesday. Under the agreement, LG Chem aims to provide 500,000 tons of cathodes between 2026 and 2035, sufficient for the production of batteries for 5 million high-performance EVs capable of traveling at least 500 kilometers per single charge. See also: LG Chem and Huayou Group Announce Ambitious Partnership in LFP Cathode Materials Business Cathodes, a crucial component in EV batteries, account for more than 40 percent of battery costs. The cathodes will be…