In other news, QuantumScape announces 24-layer cell and new sampling agreements with car makers, Dutch solar car specialist Lightyear enters into technology sharing partnership with Koenigsegg, and Toyota Motor invests big in EV manufacturing in Indonesia.
In other news, Mercedes-Benz ramps up investment in assembly plants for EVs and on-site solar, LG moves into the EV charging business, the newly elected Australian government launches EV incentives, and Electrify America attracts investments from Siemens and Volkswagen.
The world’s second largest battery market is mulling strict regulation of what type of products can be sold within it. The bloc wants to tighten rules on using hazardous materials and would encourage circular economy approaches. The scope of the commission’s proposal would also affect the design of devices, with phones, laptops and other portable gadgets without removable batteries set to be prohibited.
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
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