Gotion and Edison Power partner on energy storage and battery recycling in Japan

Gotion and Edison Power partner on energy storage and battery recycling in Japan

Chinese battery manufacturer Gotion High-Tech and Japanese energy storage developer Edison Power Co. have announced a strategic cooperation agreement to jointly tap into the energy storage market in Japan. According to a press release from the Chinese battery maker, the agreement was signed to develop the Japanese energy storage and battery recycling market and promote Gotion’s products in the Japanese market. The two companies are targeting 1GWh of sales in the first year of their partnership, rising to 2GWh per year after the second year and beyond. Under the agreement, Gotion will provide its LFP cells, modules, and BMS, while Edison will be responsible for Japanese energy storage customer management, EPC services, and energy storage system operation and maintenance. Notably, Gotion said it will also work to provide a battery recycling facility in Japan for recycled energy storage batteries. If completed, the facility will…

 

 

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Volkswagen to invest in mining operations to reduce battery costs

Volkswagen to invest in mining operations to reduce battery costs

German carmaking giant Volkswagen has announced it intends to invest in battery raw material mines in order to reduce the costs of EV batteries produced by its in-house battery unit PowerCo. The strategy is intended to help meet half of the company’s own raw materials demand, as well as enable the supply of materials and batteries to other players in the market. PowerCo already has an agreement in place with Ford to supply batteries for the American company which is planning 1.2 million EVs to be manufacture in Europe using VW’s MEB platform. Despite having not yet reached mass-production scale, PowerCo is targeting…

 

 

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Volkswagen considering US location for battery plant over Europe

Volkswagen considering US location for battery plant over Europe

German car manufacturer Volkswagen is reportedly considering prioritising the US over Europe as its next location for a battery production facility. The primary reason for the strategic reassessment lies in the potential subsidies and benefits the company may receive as part of the Inflation Reduction Act (IRA) and other federal policies offered by the Biden administration, which Volkswagen estimates may reach up to EUR10 billion (USD10.5 billion). The aggressive financial incentives in the US are likely to attract more European battery business across the Atlantic, with the industry expecting a relatively swift response from the EU and European Commission (EC) in the form of a competitive financial package. As Europe’s largest carmaker by volume, Volkswagen has previously stated…

 

 

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EV Charging Speed Infographic – February 2023

See below for our EV Charging Speed Infographic, February 2023. As you will see, this features developments from across the EV & Charging market, and draws on data from our EV Charging Monthly Assessment and our Global EV Charging Outlook.

The EV Charging Assessment provides a breakdown of global and regional charging capacity, as well as the charging speeds and energy requirements of new vehicles sold and the EV fleet.

The Global EV Charging Outlook provides an analysis of the current and planned technologies at both the vehicle and charger level, and profiles the major players in the market, their relative competitive positions and plans for the future.

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Highlights from the latest issue of EV Charging Monthly Assessment:
  • Tesla has announced the opening of its Supercharger network in the US to non-Tesla users as part of an agreement with the US government
  • NIO unveils ambitious plans to build 1,000 new battery swapping stations in China in 2023, over double its previous target put forward at NIO Day in 2022
  • Finnish charger manufacturer Kempower has announced plans to open its first US factory in 2023
EV Charging Speed Infographic

The sales weighted average maximum BEV charging capability increased from 110kW in December to 118kW in January due to a relative weakening in sales of vehicles capable of only AC charging. Overall BEV & PHEV sales decreased for the first time since October, to 660,000 units, a reduction of 49% m-o-m in January 2023.

Why do we track EV charging speed?

From 2018 to early 2020, the global average maximum BEV charging speed had been around 80kW with little variation, since then, the global average has been steadily rising. Tracking the maximum EV charging speed provides an insight to infrastructure requirements based on vehicle capability. The success of the Tesla Model Y with a 250kW maximum charging speed and the introduction of volume segment on dedicated EV platforms can account for this increase. As more and more OEMs roll out EVs on dedicated platforms there will be a rise in EV charging speed. Our speed tracker is based on monthly vehicle sales and our model-by-model analysis of vehicle charging capability

EV charging speed is just one element of the broader EV charging and infrastructure markets that we track. With the monthly assessment also providing monthly regional updates on infrastructure for both public and private charging.

Who benefits from understanding EV charging and infrastructure market dynamics?

OEMs, charging networks, charging solution providers, investment banks and other businesses with an interest in the EV markets benefit from the analysis provided in our EV charging reports. Those operating in the demand side gain informed insights into the development and scale of the EV charging technologies that are required. Meanwhile those on the supply side, gain an understanding of the current state of charging and regional trends from our monthly updates on the scale of the public and residential charging network.

How do we track the EV charging and infrastructure markets?

EV charging speed is just one of the many market-shaping factors that we track to provide in-depth analysis and long-term forecasts. Our forecasts are based on robust and informed methodologies looking at the requirement of chargers per vehicle on a country-by-country basis. We track BEV and PHEV fleet forecasts (from our EV & Battery Quarterly Outlook), EV charging unit requirement, EV charging market technology development, EV charging market technology cost development, driving behaviour and EV ownership demographics by country, private and public investment by country, and legislation and national targets by country.

For each vehicle model we collect data relating to maximum AC and DC charging capabilities, plug type(s), battery pack size, and battery chemistry in addition to a number of other vehicle metrics.

To produce our EV Charging Monthly Assessment, EV sales data is collected on a model-by-model basis from automotive associations, OEMs and data providers at country level for both BEV and PHEC vehicles for major markets. This analysis covers a minimum of 95% of total global market sales and provides a balanced representation of markets with different vehicle characteristics, suppliers and seasonality.

How could our data help you?

Access to the in-depth analysis that we provide, enables our clients to gain a thorough understanding of the EV charging market, form robust strategies, create future-proof plans and stay up-to-date with key market developments.

Our Global EV Charging Outlook is an essential tool for tracking the development of EV charging technologies and infrastructure roll-out by country or region. It provides long-term forecasts by country or region including:

BEV and PHEV Sales Forecast, (2018 – 2030), BEV and PHEV fleet forecast, (2018 – 2030), EV charging units in operation by technology forecast, (2019 – 2030), EV charging technology capex outlook and EV charging market value by technology, forecast (2018 – 2030).

The EV Charging Monthly Assessment provides an assessment of global and regional charging capabilities and energy requirements of both new vehicles sold and the EV fleet, based on the analysis of monthly BEV and PHEV sales by model, charging capacity by model, regional EV fleet assessment by charging capacity and sales weighted pack sizes. The report also covers the infrastructure side of the charging market, tracking the public and private charging infrastructure at a regional level.

Rho Motion’s EV Market Reports

To find out more about our EV charging and infrastructure reports, click on the links below or contact us on +44 (0) 203 960 9986. Alternatively complete the form below and we will be in touch.

Global EV Charging Outlook >>

EV Charging Monthly Assessment >>

EV Charging Monthly Database >>

See all of our EV & Battery, Energy Stationary Storage and Focus Reports here >>

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Farasis Energy to supply sodium-ion EV batteries to JMEV

Farasis Energy to supply sodium-ion EV batteries to JMEV

Chinese battery manufacturer Farasis Energy has announced it will begin supplying sodium-ion battery packs to Renault majority-owned Jiangling Motors Electric Vehicle (JMEV). The packs are expected to be used in the company’s small EV model the EV3. Farasis Energy released plans for a new lithium-ion gigafactory to be built in Jiangzi province, China, in August 2022 with an eventual annual production capacity target of 30GWh. Recently, the company announced that some of the production lines have been converted for the production of sodium-ion batteries, which has reportedly enabled mass production of the sodium-ion powered EV3 before the 30 June 2023.

 

 

 

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Tesla Investor Day 2023 – New Gigafactory confirmed among a focus on innovation and efficiency

Tesla Investor Day 2023 – New Gigafactory confirmed among a focus on innovation and efficiency

Tesla has confirmed that it will build a Gigafactory in Mexico. The announcement was made by the company’s CEO Elon Musk on Wednesday 1 March 2023 during Tesla’s Investor Day event. The plant will be located in Nuevo Leon near the city of Monterrey, a northern Mexican state bordering Texas and strategically located near the company’s headquarters in Austin, Texas.  Tesla’s next-generation vehicle will be manufactured at the facility, reportedly valued at USD5 billion, and will provide around 6,000 jobs. Further details on the new model, the plant’s production capacity and specific investment amounts are yet to be released. This is the first official announcement on the plant, with the Mexican president Andres Manuel Lopez Obrador confirming Tesla’s future presence in the country after a phone call with Musk on Tuesday 28 February 2023.

 

 

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