Elsewhere, QuantumScape announces 24-layer cell and new sampling agreements with automakers, Dutch solar car specialist Lightyear enters technology-sharing partnership with Koenigsegg, and Toyota Motor is investing heavily in electric vehicle manufacturing in Indonesia.
Iberdrola and bp announced their intention to form a strategic collaboration aimed at significantly expanding public fast electric vehicle charging infrastructure and green hydrogen production. Partners have allocated €1 billion to deploy up to 11,000 fast charging stations in Spain and Portugal. The plan includes the installation and operation of 5,000 initial fast-charging stations by 2025, and up to a total of 11,000 by 2030, including Iberdrola’s existing fast-charging hubs. In addition, the companies also plan to form a joint venture for the integrated production of large-scale green hydrogen in Spain, Portugal and the United Kingdom, as well as the production of derivatives such as green ammonia and methanol, which could be exported to Northern Europe. Energy majors are targeting up to 600 kilotonnes per annum (ktpa) of hydrogen production capacity, integrated with new renewables. “With this agreement, we continue to move forward in decarbonization and energy self-sufficiency through the electrification of two key sectors of our economy, transport and industry. The scale of this challenge requires alliances between companies such as Iberdrola and bp, which have the technology and knowledge to help accelerate Europe’s industrial development and, at the same time, generate well-being and new opportunities for all through clean energy” , said Ignacio Galan, Chairman of Iberdrola.Iberdrola and bp aim to finalize the two joint venture agreements by the end of 2022, subject to regulatory approvals.
In a separate announcement, bp has pledged to invest up to £50 million ($61 million) in its new global battery research and development center in Britain. Scheduled to open by the end of 2024, the new EV battery analysis laboratory and test center will be located at bp’s existing global headquarters for its Castrol business in Pangbourne, Berkshire. The new facilities will aim to advance the development of technologies and fluid engineering for hybrid and full battery electric vehicles. Used by a large number of car manufacturers today, Castrol ON’s advanced e-fluids, a trademark of bp, play a key role in managing temperatures within the battery, allowing ultra-fast charging and improving efficiency, helping electric vehicles go further on a single charge and extending the life of the drive system. “The growth of electric vehicle fluids is a huge opportunity, and we aim to be the market leader in this sector,” said Michelle Jou, CEO of Castrol. “This significant new investment will now enable us to develop additional strategic technologies and capabilities to advance EV fluids in the future.” Earlier, bp announced plans to invest up to £18 billion ($22 billion) in Britain’s energy system by the end of 2030.
Based in California QuantumScape built a prototype semiconductor cell with 24 layers, up from the 16 layers shown earlier this year. In its second-quarter shareholder letter, the company said its 24-layer cell exhibited early capacity retention behavior similar to its one-, four-, 10-, and 16-layer cells. “This is an important result because, as we previously reported, 24-layer cells represent A-sample candidates for some automotive OEMs,” the company said. The delivery of Sample A represents the start of the automotive qualification process, which involves several major delivery milestones – Samples A, B and C – followed by the start of production. In the document, QuantumScape said it has agreements in place with six potential automotive customers – “from the world’s top 10 manufacturers by revenue to premium and luxury automakers, encompassing both pure EVs and conventional OEMs”. To date, its main shareholder remains the Volkswagen group. QuantumScape added that the 24-layer cell is being tested in various formats, including a proprietary format in which some of its cells reached over 600 cycles and were still in cycle. Additionally, the company reported advancements in separator manufacturing and the implementation of its second-generation catholyte, which allows discharge at ultra-low temperatures of -30 C with good capacity retention. The company said it has also encountered difficulties in its manufacturing processes, “from discovering a contaminant in our material to identifying defects introduced during the production process”. He said he successfully overcame a number of these challenges while continuing to work on others.
Toyota engine plans to invest IDR 27.1 trillion ($1.80 billion) in Indonesia over the next five years to produce electric vehicles, Indonesia’s economy ministry said on Wednesday. The Japanese automaker has joined Hyundai Motor and LG Energy Solutions in announcing big investments in the Southeast Asian country, which aims to become a global manufacturing hub for electric vehicles. “I think the demand for electric vehicles, whether four-wheeled or two-wheeled, will continue to increase in Indonesia and ASEAN,” Indonesian Economy Minister Airlangga Hartarto said after a briefing. meeting with Toyota Vice President Shigeru Hayakawa last week. Earlier last week, Indonesia also announced that Mitsubishi Motors plans to invest around IDR 10 trillion in Indonesia between 2022 and 2025 to produce hybrid and battery electric vehicles.
Dutch solar car company Light year welcomed the Swedish manufacturer Koenigsegg as a development partner and investor. Under the technology sharing partnership, the two automakers will share proprietary and patented information to enable the development of ultra-efficient vehicles and jointly develop new automotive technologies. Specifically, Koenigsegg’s technologies will be applied to further improve the fuel efficiency of Lightyear’s second model, Lightyear 2, which is scheduled to enter production in late 2024 or early 2025. Lightyear 2 is to be available as a consumer model at prices starting at 30,000 euros. , the Dutch company previously announced. The announcement of a new partnership comes just weeks after Lightyear launched the final design of its production-ready long-range solar car. The model, which has been renamed “Lightyear 0”, has a WLTP (Worldwide Harmonized Light Vehicle Test Procedure) range of 625 kilometers and a consumption of 10.5 kWh per 100 kilometers. However, the Dutch startup claims that a theoretical range of 695 kilometers could be achieved, with a battery capacity of 60 kWh. “The optimized solar roof and holistic design means the car can drive for weeks or even months without recharging,” the company said.
Stellantide saw global sales of BEV vehicles increase by almost 50% year-on-year to reach 136,000 units in the first half of 2022. Across all its brands, the group offers 20 fully electric vehicles and it plans to increase this number to 28 vehicles in the next two years. The company achieved record profitability with an adjusted operating margin (AOI) of 18.1%. In North America, Stellantis said it has “achieved record profitability” over the past six months, highlighting strong early adoption of the Jeep Wrangler 4xe, which is now considered the best-selling plug-in hybrid in the United States. Stellantis’ first-half 2022 AOI margin for Europe was 10.1%, while its EV market share in the European Union fell to 21.2% from 22.9% previously reported. Among BEV vehicles, the new electric Fiat 500 sold best in Germany and Italy, while in France it was the Peugeot e-208. The group also reiterated its plan to build three gigafactories in Europe with the help of Automotive Cells Company, Samsung SDI and LG Energy Solution, as well as two more in North America.
battery cell manufacturer Britishvolt has received confirmation from the UK government that it will receive funding to support its plan to build a gigafactory of battery cells in Northumberland. “I am delighted to confirm that we have now provided Britishvolt with a final grant offer through the Automotive Transformation Fund,” UK Business Secretary Kwasi Kwarteng was quoted in the company’s announcement as saying. “The Blyth gigafactory will boost our plans to integrate a globally competitive electric vehicle supply chain into the UK and it is fantastic to see how the project is progressing.” The total investment for Britishvolt’s Blyth Gigafactory is around £3.8 billion ($4.6 billion), with the overwhelming majority coming from private sources. At full production, the plant will produce enough cells for more than 300,000 lithium-ion batteries per year. The facility is expected to directly employ over 3,000 people and another 5,000 in broader supply chains. In a separate announcement last week, Britishvolt said it had signed a memorandum of understanding with Beijing-listed BTR for the supply of synthetic graphite and silicon oxide. The anode material supplied by BTR will be processed exclusively by hydropower and will thus contribute to Britishvolt’s sustainability efforts.
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