Contemporary Amperex Technology Ltd (CATL), the world's largest EV battery producer, unveiled its new Shenxing product series at an event in Beijing. The next-generation batteries feature advanced technology to manage heat during fast charging, enhancing safety and efficiency.
Modern electric vehicle batteries are significantly outperforming initial degradation forecasts, with average EVs retaining 95% of their original range after five years. Advances in battery chemistry, management systems, and thermal regulation, alongside more realistic real-world driving conditions compared to lab tests, contribute to this longevity, easing consumer fears about replacement costs.
Colorado has enacted a law (SB26-003) making automakers responsible for collecting and processing unwanted EV batteries and banning their disposal in landfills by July 2029. The legislation sets specific recycling targets for critical minerals like lithium, nickel, and cobalt, aiming to establish a blueprint for other states facing similar end-of-life battery challenges.
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 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%.
