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☆ Ferrari launches two hybrid models in limited series based on SF90 supercar
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

Copyright Ferrari S.p.a./Handout via REUTERS TCompanies Ferrari NV FollowMILAN, June 29 (Reuters) - Luxury sports automaker Ferrari (RACE.MI) on Thursday unveiled two new plug-in hybrid models, produced in limited series and hitting the top end of the its price range. Based on 2019's SF90 Stradale supercar, the Prancing Horse's first ever series hybrid car, the two new road-homologated models are inspired by Ferrari's XX programme. The SF90 XX Stradale will have a starting price of 770,000 euros ($840,378) while the SF90 XX Spider, equipped with retractable top, of 850,000 euros, Ferrari said. Performance is boosted by an 8-cylinder, 4-litre combustion engine coupled with three electric motors capable of a total 1,030 horse power, 30 more than the SF90 Stradale. The lithium-ion batteries of the new SF90 XX Stradale and SF90 XX Spider will allow them for a 25 kilometre range in fully-electric mode.

Persons: Ferrari S.p.a, Ferrari's, Ferrari, Giulio Piovaccari, Frank Jack Daniel Our Organizations: Ferrari, REUTERS, Companies, MILAN, Luxury, Thomson Locations: Europe

☆ John Goodenough, Nobel laureate and battery pioneer, dies at 100
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] John B. Goodenough, 2019 Nobel Prize in Chemistry winner, speaks during a news conference at the Royal Society in London, Britain October 9, 2019. REUTERS/Peter Nicholls/File PhotoJune 26 (Reuters) - Nobel laureate John Goodenough, a pioneer in the development of lithium-ion batteries that today power millions of electric vehicles around the globe, died on Sunday just a month short of his 101st birthday. In recent years, Goodenough and his university team had also been exploring new directions for energy storage, including a “glass” battery with solid-state electrolyte and lithium or sodium metal electrodes. Goodenough also was an early developer of lithium iron phosphate (LFP) cathodes as an alternative to nickel- and cobalt-based cathodes. After completing a bachelors in mathematics at Yale University, Goodenough received an masters and a PhD in physics from the University of Chicago.

Persons: John B, Goodenough, Peter Nicholls, John Goodenough, “, Jay Hartzell, Britain's Stanley Whittingham, Japan's Akira Yoshino, Paul Lienert Organizations: Royal Society, REUTERS, University of Texas, Chemistry, Royal Swedish Academy of Sciences, Yale University, University of Chicago, Massachusetts Institute of Technology, University of Oxford, Thomson Locations: London, Britain, Austin, Jena, Germany, Detroit

☆ John B. Goodenough, 100, Dies; Nobel-Winning Creator of the Lithium-Ion Battery
▼ + stars: | 2023-06-26 | by ( Robert D. Mcfadden | ) www.nytimes.com time to read: +2 min

He was, he said in a memoir, “Witness to Grace” (2008), the unwanted child of an agnostic Yale University professor of religion and a mother with whom he never bonded. The two sides, called electrodes, hold charges — a negative one called an anode, and a positive one called a cathode. When a battery releases energy, positively charged ions shuttle from the anode to the cathode, creating a current. A rechargeable battery is plugged into a socket to draw electricity, forcing the ions to shuttle back to the anode, where they are stored until needed again. Materials used for the anode, cathode and electrolyte determine the quantity and speed of the ions, and thus the battery’s power.

Persons: Grace ”, Clarence Zener, Edward Teller, Enrico Fermi Organizations: Yale University, Yale, Army Air Forces, University of Chicago, Lincoln Laboratory Locations: Groton, M.I.T, Oxford

☆ TipRanks reveals the top 10 Wall Street utilities sector analysts
▼ + stars: | 2023-06-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks recognized the 10 best analysts in the utilities sector who delivered significant returns and edged past their peers through their recommendations. TipRanks' algorithms calculated the statistical significance of each rating, the average return and the analysts' overall success rate. Top 10 analysts from the utilities sectorThe image below shows the most successful Wall Street analysts from the utilities sector. Based on his buy recommendation, the analyst generated a profit of 161.7% from July 21, 2020 to July 21, 2021. Julien Dumoulin-Smith — Bank of America SecuritiesJulien Dumoulin-Smith has the 10th spot on the list, with a success rate of 57%.

Persons: Patrick T, Fallon, TipRanks, Shelby Tucker, Tucker, Frederic Bastien — Raymond James Frederic Bastien, Black, Benjamin Pham —, Benjamin Pham, Pham, Mark Jarvi —, Mark Jarvi — CIBC Mark Jarvi, Robert Catellier —, Robert Catellier, Alberto Gandolfi — Goldman Sachs, Alberto Gandolfi, Nelson Ng, Jan, Patrick Kenny, Kenny, Neil Kalton, Wells, Julien Dumoulin, Smith — Bank of America Securities Julien Dumoulin, Smith Organizations: Fluence, Siemens, AES Company, AES Alamitos Battery Energy Storage, AFP, Getty, RBC, Energy, Benjamin Pham — BMO Capital BMO Capital, Mark Jarvi — CIBC, Pinnacle, Drax Group, Robert Catellier — CIBC, RBC Capital RBC Capital, Bank In, National Bank, Secure Energy Services, Smith — Bank of America Securities, Sunrun Locations: Long Beach , California, Canadian, Canada, Danish, Methanex

☆ RPT ANALYSIS For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
▼ + stars: | 2023-06-23 | by ( Paul Lienert | ) www.reuters.com time to read: +5 min

[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoDETROIT, June 23 (Reuters) - As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. But technological advances have also reduced the performance gap with more widely used materials such as nickel and cobalt. Ford Motor (F.N) aims to open a $3.5 billion LFP cell manufacturing plant in western Michigan, leveraging technology licensed from China’s CATL (300750.SZ), the world’s largest EV battery maker. The rapidly increasing adoption of LFP by EV manufacturers including Tesla and Hyundai suggests those companies “are not ready to decouple from China," Meng said.

Persons: Carlos Barria, Tesla, ”, Stanley Whittingham, Mujeeb Ijaz, “ We’ve, China’s, Jim Farley, Shirley Meng, Meng, Lukasz Bednarski, Bednarski, LFP, Whittingham, “, Paul Lienert, Matthew Lewis Organizations: Tesla, REUTERS, DETROIT, EV, Toyota, Hyundai, U.S, Binghamton University, Ford, University of Chicago, Argonne, Laboratory’s, Center for Energy Storage Science, New Energy, Thomson Locations: Fremont , California, U.S, North America, New York, Michigan, Van Buren, China, United States, Norway, Israel, South Korea, EVs, Detroit

☆ Biden is lending billions to Ford to help America win the EV race with China
▼ + stars: | 2023-06-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

The US is lending Ford $9.2 billion to build battery plants in Tennessee and Kentucky. It's also three times the loan extended to General Motors for battery plants last year. The US government is lending $9.2 billion to Ford for three battery plants in a sign of the Biden administration's desire for America to become a leading EV player. The loan is more than three times the amount handed out last year to General Motors to build three battery factories. The loan is the latest step by the White House to on-shore production of crucial EV components amid rising geopolitical tensions, particularly with China.

Persons: It's, Biden, Obama, EVs, Ford's, Darren Palmer Organizations: Ford, Loan, General Motors, Energy's, SK, The Energy Department, Tesla, EV, White, P, EVs, Ford's EV Locations: Tennessee, Kentucky, America, Korean, China, Chinese

☆ UAW rips Biden administration on US loan to Ford joint venture battery plant
▼ + stars: | 2023-06-23 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The $9.2 billion low-cost government loan for the BlueOval SK joint venture is the biggest ever from the government auto lending program that will help finance construction of three plants in Kentucky and Tennessee. The joint venture is building battery plants in Kentucky and Tennessee. The UAW and Senator Bernie Sanders in April criticized a General Motors (GM.N)/LG Energy Solution (373220.KS) joint venture battery plant for paying workers much less than GM assembly plant employees even though it benefits from hefty U.S. government tax credits. Union workers at a nearby Ohio GM assembly plant that closed in 2019 made at least $32 an hour. The Energy Department last year awarded $2.5 billion to help finance construction of Ultium's new lithium-ion battery plants, including Warren, from the same program used for the Ford loan.

Persons: Francois Lenoir, Shawn Fain, Fain, Joe Biden’s, Ford, Biden, Bernie Sanders, Warren, David Shepardson, Aurora Ellis, Mark Porter Organizations: Ford, REUTERS, United Auto Workers, UAW, U.S . Energy Department, Ford Motor, Korea's SK, JV, Detroit Three automakers, BlueOval SK, SK, South Korea's SK Innovation, Motors, LG Energy, JV Ultium, Ohio GM, The Energy Department, Thomson Locations: Brussels, Belgium, Francois Lenoir WASHINGTON, Kentucky, Tennessee, South, America, Warren , Ohio, Ohio

☆ Analysis: For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
▼ + stars: | 2023-06-22 | by ( Paul Lienert | ) www.reuters.com time to read: +5 min

[1/2] Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoDETROIT, June 22 (Reuters) - As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. But technological advances have also reduced the performance gap with more widely used materials such as nickel and cobalt. Ford Motor (F.N) aims to open a $3.5 billion LFP cell manufacturing plant in western Michigan, leveraging technology licensed from China’s CATL (300750.SZ), the world’s largest EV battery maker. The rapidly increasing adoption of LFP by EV manufacturers including Tesla and Hyundai suggests those companies “are not ready to decouple from China," Meng said.

Persons: Carlos Barria, Tesla, ”, Stanley Whittingham, Mujeeb Ijaz, “ We’ve, China’s, Jim Farley, Shirley Meng, Meng, Lukasz Bednarski, Bednarski, LFP, Whittingham, “, Paul Lienert, Matthew Lewis Organizations: Tesla, REUTERS, DETROIT, EV, Toyota, Hyundai, U.S, Binghamton University, Ford, University of Chicago, Argonne, Laboratory’s, Center for Energy Storage Science, New Energy, General Motors, Battery, Thomson Locations: Fremont , California, U.S, North America, New York, Michigan, Van Buren, China, United States, Norway, Israel, South Korea, EVs, Detroit

☆ Ford-SK venture to get $9.2 billion US loan for battery plants
▼ + stars: | 2023-06-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, June 22 (Reuters) - The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor (F.N) and South Korea's SK On to help it build three battery plants in Tennessee and Kentucky. The conditional commitment for the low-cost government loan for the BlueOval SK joint venture comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program. The joint venture is building three battery manufacturing facilities in Kentucky and Tennessee capable of collectively producing more than 120 gigawatt hours annually, the Energy Department said. This is the sixth loan for battery supply chain projects from the ATVM program. Last year, the department awarded a joint venture of General Motors (GM.N) and LG Energy Solution (373220.KS) $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.

Persons: Jigar Shah, Dave Webb, Robert Rhee, Ford, Jim Farley, Tesla, David Shepardson, Toby Chopra, David Evans, Alexander Smith Organizations: U.S . Energy Department, Ford Motor, Korea's SK, BlueOval SK, Technology Vehicles Manufacturing, SK, South Korea's SK Innovation, Energy Department, Energy, Ford, Lincoln, Republican, Republicans, Biden, General Motors, LG Energy, Ultium Cells, Thomson Locations: Tennessee, Kentucky, South, United States, KS, Ohio , Tennessee, Michigan, Fremont , California

☆ Thyssenkrupp hydrogen IPO calls for leap of faith
▼ + stars: | 2023-06-22 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

Once known as the Swiss army knife of climate change for its myriad potential applications in heating, heavy industry and vehicles, green hydrogen has fallen to earth. High fossil fuel prices have also made green hydrogen more affordable relative to other types made from gas. Yet green hydrogen is mostly confined to large-scale industrial usages like steel and ammonia manufacturing. López Borrego will do well to get his IPO away at 3 billion euros without a tangible discount. Switching an average European steel site to green hydrogen could cost 7 billion euros, according to a Hydrogen Europe report.

Persons: Miguel Ángel López Borrego, Thyssenkrupp, DNR.MI, Nucera, López Borrego, Nora, George Hay, Streisand Neto Organizations: Reuters, Nucera, Industrie, Energy, ITM, Mingyang Smart Energy, Reuters Graphics Reuters, Thyssenkrupp, European, Council, Thomson Locations: Frankfurt, Dortmund, U.S, Swiss, Saudi

☆ Panasonic, Mazda eye for long-term EV battery supply partnership
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: 1 min

TOKYO, June 21 (Reuters) - Japan's Panasonic Energy and Mazda Motor (7261.T) on Wednesday announced they will discuss a lithium-ion battery supply partnership for electric vehicles. Under the partnership, Panasonic Energy, a Panasonic Holdings Corp (6752.T) unit, would supply Mazda with automotive cylindrical lithium-ion batteries manufactured in Japan and North America for Mazda's battery EVs scheduled to be launched in the latter half of the 2020s, the companies said in a statement. Reporting by Kantaro Komiya, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Kantaro Komiya, Louise Heavens Organizations: Panasonic Energy, Mazda, Wednesday, Panasonic Holdings Corp, Thomson Locations: TOKYO, Japan, North America

☆ How E-Bike Battery Fires Became a Deadly Crisis in New York City
▼ + stars: | 2023-06-21 | by ( Winnie Hu | ) www.nytimes.com time to read: 1 min

He was working in a Brooklyn bodega last August when a delivery man said he knew someone selling one for $700. Mr. Muñoz said yes. When it needed charging, Mr. Muñoz would remove the battery from the scooter and use both hands to lug it up to the couple’s third-floor apartment in College Point, Queens. A month later, the battery exploded in the living room, unleashing flames that engulfed the apartment. Mr. Muñoz screamed for their 8-year-old daughter, Stephanie, who was asleep.

Persons: Alfonso Villa Muñoz, Muñoz, Stephanie Organizations: Brooklyn bodega Locations: College Point, Queens

Northvolt, which counts BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) among its investors, last year delivered its first battery cells from its gigafactory in Skelleftea in Sweden. In its largest deal in Europe yet, IMCO has invested $400 million in Northvolt through convertible notes, it told Reuters. "Whether it (Northvolt) goes public or stays private, we've done our homework and we are happy with the investment." Matthew Mendes, IMCO's head of infrastructure, said the Northvolt investment was examined jointly by his team and IMCO's public equities managers. IMCO has an investment team of 110 staff, which it plans to grow as it looks for more investments overseas.

Persons: IMCO, we've, Northvolt, Stoyanova, Carlyle, Matthew Mendes, IMCO's, Mendes, Simon Jessop, Tommy Reggiori Wilkes, Marguerita Choy Organizations: Energy, Canada's Investment Management Corporation of Ontario, BMW, Volkswagen, Reuters, Blackstone, Thomson Locations: Europe, Swedish, Skelleftea, Sweden, Germany, Britain, North America, Ontario, Brookfield

☆ Government workers warned against sharing classified information with ChatGPT, Daily Telegraph reports
▼ + stars: | 2023-06-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

UK government workers were reportedly warned not to input classified information into AI chatbots. A document leaked to the Telegraph told them not to share anything "classified" or "sensitive." The guidelines also flagged the potential for bias in these AI systems, the paper reported. UK government workers have been warned not to input any classified information into AI chatbots such as ChatGPT, The Telegraph has reported. Romania has also pioneered the use of AI chatbots in government — having unveiled Ion, an AI advisor to its prime minister, in March.

Persons: Rishi Sunak, — Organizations: Telegraph, Morning, UK Civil Service, British, Tokyo Metropolitan Locations: Tokyo, Romania

☆ Automakers are replacing decades of know-how with strategies from Tesla's playbook
▼ + stars: | 2023-06-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Auto companies need EV battery supply more than ever, but the costs are adding up. Prices and a push to use local materials have carmakers investing in in-house battery supply. That means car companies are seeking an alternative and racing to secure their battery supply in the US. But the pandemic — and other disruptions, like natural disasters — shed a light on just how vulnerable that can also make auto companies. It's complicated and time-consuming, but may ultimately be the best way car companies can get closer to lowering the cost of new EVs.

Persons: Tesla, they've, They've, Peter Maithel, Julian Stratenschulte, There's, We've, Matt Sculnick, Nomura, Rivian, —, Alvarez, Tony Lynch, Kelley Organizations: Auto, EV, Morning, Infor, Volkswagen, Getty, Marsal, GM, Ford Locations: Europe, Asia, China, Illinois

☆ Analysis-In China's lithium hub, mining boom comes at a cost
▼ + stars: | 2023-06-15 | by ( Siyi Liu | Dominique Patton | ) www.reuters.com time to read: +7 min

FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.

Persons: ”, Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi

☆ Japan to give Toyota $854 million support for domestic EV battery output, Nikkei reports
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

TOKYO, June 15 (Reuters) - Japan will give Toyota (7203.T) around 120 billion yen ($854 million) support towards the automaker's plan to invest in domestic production of the lithium ion batteries used in electric vehicles (EV), the Nikkei newspaper said. The government help would also come as Japan and other U.S. allies increasingly look to secure supply chains away from China, which is a major player in EV batteries. Japan's trade ministry has designated storage batteries, including car batteries, as critical to economic security and has earmarked 330 billion yen in its second supplementary budget to support their supply and development, the Nikkei said. In Toyota's case the total amount of the project to be subsidised is seen reaching 330 billion yen, the newspaper said. ($1 = 140.4500 yen)Reporting by David Dolan; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Dolan, Hugh Lawson Organizations: Toyota, Nikkei, Thomson Locations: TOKYO, Japan, China

☆ Toyota stock having best week since 2009 after annual meeting, new EV goals
▼ + stars: | 2023-06-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Toyota Motor's stock is having its best week since 2009 following the company disclosing plans for its next-generation electric vehicles and shareholders voting in favor of its new leadership, including former CEO Akio Toyoda as chairman. If shares can retain their current momentum, it would be the stock's best week since April 2009 when they increased 14.5%. Ahead of its annual meeting Wednesday, Toyota outlined plans for a new generation of EVs to rival industry leaders Tesla and China-based BYD . The company said it plans to launch its next-generation EVs starting in 2026, including vehicles with highly touted "solid-state batteries" by 2027 or 2028. Solid-state batteries can be lighter, with greater energy density and provide more range at a lower cost than today's EVs with lithium-ion batteries.

Persons: Akio Toyoda, Tesla Organizations: DETROIT, Toyota, New York Stock Exchange Locations: China

It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.

Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston

The plan comes a day before an annual shareholders meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinised. Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging. At the high end of the market, Toyota said it would produce an EV with a more efficient lithium-ion battery offering a range of 1,000 km (621 miles). An EV powered by a solid-state battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota said. "What we want to achieve is to change the future with BEVs," Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker's YouTube channel on Tuesday.

Persons: Akio Toyoda, Koji Sato, Takero Kato, BEV Factory, Henry Ford, Koji Endo, Toyota's, I'm, it's, Toyota's BEV Factory, Kato, Tesla, Daniel Leussink, Christopher Cushing, Kevin Krolicki Organizations: Toyota, EVs, Tesla, Engineers, Toyota EV, YouTube, NEW ASSEMBLY, SBI Securities, Lexus, Thomson Locations: TOKYO, China

☆ Factbox: Toyota unveils battery, production innovations for new EVs
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +3 min

Toyota released a technology briefing, including details on new solid-state batteries, a day before its annual shareholder meeting where governance, climate lobbying and EV strategy are under scrutiny. Here are Toyota's key announcements:BATTERY TECHNOLOGYToyota has a number of initiatives to improve battery performance and reduce cost, and said it was ready to move from research toward production of solid-state batteries. It aims to sell vehicles powered by solid-state batteries by 2027 or 2028. Toyota said, without providing details, it had achieved a "technological breakthrough" overcoming problems previously identified with solid-state batteries' durability. Those chips promise to reduce power loss to the electric motor of an EV by up to 50%, Toyota said.

Persons: Daniel Leussink, Kevin Krolicki, Christopher Cushing Organizations: Toyota, EV, Tesla, Mitsubishi Heavy Industries, Mitsubishi, Denso, Thomson Locations: TOKYO, U.S, Tokyo, Singapore

The Japanese carmaker said it aims to launch next-generation batteries from 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times. It also said it was developing a method to mass produce solid-state batteries, which it aims to commercialise in 2027-2028. The automaker said it would produce an EV with a more efficient lithium-ion battery which would have a range of 1,000 km (621 miles). "We will launch the next-generation battery EVs globally and as a full lineup on the market from 2026," Kato said. Toyota also detailed other technologies that it plans to deploy to reduce costs for its EVs and batteries.

Persons: Takero Kato, BEV Factory, Kato, Tesla, Daniel Leussink, Christopher Cushing, Kevin Krolicki Organizations: Toyota, EVs, Tesla, Toyota EV, YouTube, U.S, Lexus, Thomson Locations: TOKYO

☆ Explainer: How could solid-state batteries improve next-gen EVs?
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +4 min

Solid-state batteries have been used in small electronic devices such as pacemakers and smart watches. Solid-state batteries can hold more energy than liquid lithium-ion batteries, a gain that would potentially speed the transition to EVs by addressing a consumer concern: range. That has made solid-state batteries far more expensive than liquid lithium-ion batteries. Honda is developing solid-state batteries but has not detailed a timeline for bringing them to market. Hyundai Motor (005380.KS), another Solid Power investor, has said it plans to mass produce solid-state batteries by 2030.

Persons: Tesla, Bill Gates, Tim Kelly, Sayantani Ghosh, Kevin Krolicki, Christopher Cushing Organizations: Toyota, Reuters, Tesla, Panasonic, Nissan, Honda, Volkswagen, Automotive Cells Co, Mercedes, Benz, ProLogium Technology, Ford, BMW, Hyundai, Solid Power, EV, Thomson Locations: TOKYO, SINGAPORE, U.S, Taiwan

☆ New York City announces minimum wage for app food delivery workers
▼ + stars: | 2023-06-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —New York City on Sunday announced a new minimum pay-rate for app food delivery workers amid a rise in use of services like Uber Eats and DoorDash since the pandemic. The city says delivery apps will have flexibility in how they pay delivery workers the new minimum rate. “Our delivery workers have consistently delivered for us — now, we are delivering for them,” New York City Mayor Eric Adams said in a statement. Delivery workers also struggled to find spaces when it rained or access to restrooms. “People view delivery workers as dirty, smelly and taking up too much space,” said Joshua Wood, a member of Workers Justice Project told CNN in May.

Persons: Uber, ”, Eric Adams, there’s, Ligia Guallpa, DoorDash, it’s, “ Today’s, “, ” Uber, Josh Gold, Uber Eats, Joshua Wood, Adams Organizations: New, New York CNN — New, Sunday, York City, Worker’s, Euromonitor International, CNN, Workers Justice Project, ”, Department of Consumer and, Protection, Unidos Locations: New York, New York CNN — New York City, York, New York City

☆ Singapore's love affair with air conditioning shows a Catch 22 of climate change
▼ + stars: | 2023-06-09 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

Thankfully, Chee said, his home has five air conditioners – one in each bedroom and a larger unit in the living room. “I drank plenty of water, took cold showers and kept the air conditioning on for the entire weekend. Indeed, in this city, air conditioning has become almost a way of life. But Singapore’s love affair with air conditioning has an enormous cost. Here are some possible solutions 02:39 - Source: CNNBreaking the loopStill, experts say there are ways to break the air conditioning doom-loop.

Persons: Chee Kuan Chew, ” Chee, “, Mo Kio, Chee, Lee Kuan Yew, Edgar Su, Suhaimi Abdullah, Matthias Roth, Roth, Radhika Khosla, ” Khosla, Heng Chye Kiang, Smart, Heng Organizations: CNN, Reuters, Economic, International Energy Agency, Urban, United States Environmental Protection Agency, National University of Singapore, United Nations, Montreal Protocol, Oxford University’s Smith School of Enterprise, Environment, Bloomberg, Getty, Singapore’s National Environment Agency, NEA, ”, National University of Singapore’s School of Design Locations: Singapore, New York City, Japan, United States, ”, Kigali, Montreal, Orchard

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