Honda and Sony confirm Joint Venture to produce electric vehicles

Honda and Sony have now confirmed they are entering into a Joint Venture (JV) to produce electric vehicles. The pair plan to utilise Honda’s long-standing expertise in the vehicle development and manufacturing arena, alongside its mobility safety and after-sales service management capabilities. This, combined with primarily technological developments from Sony, is intended to allow the pair to “engage in the sale of high-value-added electric vehicles”.

Aiming for the more premium end of the EV spectrum is a common theme among OEMs and, with Honda’s current base of affordable mass market cars, this JV may be needed to target…

 

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Volvo invests in fast charging technology company StoreDot

Volvo Cars has made an investment in StoreDot, an Israeli company developing ultra-fast charging battery technology for electric cars, through the Volvo Cars Tech Fund, its venture capital arm, according to a press release from the company.

StoreDot is developing a silicon dominant anode and related software integration technology that it claims should result in…

 

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Stellantis and LG Energy Solution sign joint venture to build first world scale battery plant in Canada

Stellantis and LG Energy Solution have committed in excess of CAD5 Bn (USD4 Bn) to build a 45 GWh battery production facility in Ontario, Canada. The joint venture company will produce leading edge lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production requirements in North America. Plant construction activities are scheduled to begin later this year with production operations planned to launch in…

 

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VW to add 25 new electric models in North America by 2030

Volkswagen AG is planning to invest USD7.1Bn over the next five years in North America, and will offer 25 new electric model lines in the region in the period to 2030. This may also include the ID Buzz, the electric incarnation of the legendary VW Campervan.  This investment is exclusive of…

 
 
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Ford steps up its EV ambitions

Ford has announced it will split out its battery vehicle unit from its ICE business, in order to fast track vehicle and technology development. Its ICE business will now be conducted through a new entity called Ford Blue, while the EV business will be named Ford “Model e”. Each unit will report…

 

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Stellantis Outlines its Long-Term Plan

Stellantis kicked off March with its latest strategic long-term plan ‘Dare 2030’, which has a big focus on electrification and some interesting detail around how it sees cost development for its new platforms.

From an EV & Battery perspective, the key points are:

  • The company set a target of Global BEV sales of five million units in 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger cars and light-duty trucks in the United States. There will be a specific US product strategy of more than…

 

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Image Credit: Stellantis