According to the industry ministry, South Korea will provide domestic battery manufacturers with a financial support of 7 trillion won, or $5.31 billion, over the course of the next five years to assist them in responding to the Inflation Reduction Act (IRA) of the United States and improve their competitiveness in the sector. To encourage […]
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Based on the blueprint provided by BMW’s technology partner Solid Power, the automobile giant intends to build its own plant in Germany to manufacture solid-state battery cells. To this end, the Solid Power has granted the automobile manufacturer in Munich a research and development license.Since 2017, the two sides have engaged in development cooperation, which […]
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According to a report, China’s Nio is hoping to get a larger share of the electric vehicle market in Europe by offering consumers lower pricing through battery lease programs, which are supported by an expanded network of electric vehicle battery swap stations. According to Qin Lihong, co-founder and president of NIO, said that it is […]
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The Hyundai Motor Company has now partnered with the IonQ, which has been a company known for the trapped-ion quantum processors. This partnership comes after the companies including Hyundai and Kia both became the strategic investors in the IonQ as a part of the acquisition of the company merger that has been responsible for enabling […]
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