In 2018, South Korea's SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United States. With great fanfare, SK Innovation (SKI) broke ground in March on a $1.7 billion (£1.3 billion) factory in Commerce, Georgia, about 200 km from VW's Chattanooga plant, which will be the automaker's electric vehicle hub in the United States. LG Chem (LGC) had other ideas.
Tesla batteries retain over 90 percent of their charging power after 160,000 miles, according to data gathered by a Dutch-Belgium Tesla owners group. According to its survey of over 350 owners, the EVs dropped about 5 percent of their capacity after 50,000 miles, but lose it at a much slower rate after that. If the trend hold
From zero to fully charged in five minutes.
The company has made progress. A little, tiny bit of progress.
Tesla Motors may be enlisting more firms to complement Panasonic's efforts to meet lithium-ion battery demand.
Spain-based Graphenano touts graphene battery technology for improvements over lithium ion.