On November 21st the Swedish maker of batteries for electric vehicles (EVs), and a would-be European champion, went bankrupt, having raised $15bn from governments and investors. Its boss ...
Batteries make up around 30% of the cost of an EV, according to some estimates. Musk proclaimed in 2020 that Tesla’s 4860 battery would be 10-20% cheaper to produce and bring a fivefold increase ...
Operating income for the key segment, which makes batteries for Tesla and other automakers, rose to 32.7 billion yen ($213.82 million), despite a decline in profit from the in-vehicle business.