German battery sales rise on demand for electric cars – ZVEI

German battery sales rise on demand for electric cars – ZVEI

FRANKFURT — Growth in Germany’s battery sector doubled to 35% last year led by demand for lithium-ion batteries for electric cars, data showed on Wednesday. “Sales especially of lithium-ion batteries have grown enormously,” said Christian Eckert from electronic industry ZVEI, in a call with reporters. Turnover in the overall battery market in 2020 stood at…

Ford, VW Battery Supplier Said to Reach Deal to Avoid Import Ban

Ford, VW Battery Supplier Said to Reach Deal to Avoid Import Ban

(Bloomberg) — The South Korean supplier of electric vehicle batteries in the U.S. for Ford Motor Co. and Volkswagen AG has reached a last-minute deal with its chief rival, said people familiar with the situation. Saturday’s move averts a 10-year import ban on SK Innovation Co.’s products and protects thousands of jobs in the politically…