Waymo is partnering with B2U Storage Solutions to repurpose used batteries from its autonomous robotaxi fleet for stationary energy storage. This initiative aims to contribute hundreds of megawatt-hours to local power grids, supporting renewable energy and extending battery life.
The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.
The new design is cheaper and will even fit in convenience store parking lots.
Samsung SDI and Mercedes-Benz have signed a multi-year EV battery supply deal covering future compact and midsize models, with contract value expected to exceed €5.8bn. The Korean battery maker will provide high-performance batteries using high-nickel NCM materials for Mercedes' electric SUVs and coupe models. The companies also agreed to collaborate on next-generation battery technology development. Samsung SDI's share price rose 4.9% on Monday, while Mercedes-Benz shares fell over 2%.
