The Latest Breaking News from Powerco

QuantumScape's solid-state battery technology holds enormous potential for EVs, but investors must weigh the company's risks against the potential rewards.

QuantumScape’s (QS) solid-state lithium-metal battery technology is poised to capitalize on the booming EV industry, but the company has yet to introduce its technology. It incurred huge losses in the last reported quarter and will likely report significant expenses and losses in the upcoming quarters. So, should you consider QS…

Volkswagen Group's PowerCo battery division estimates the Valencia battery gigafactory will start production in 2026 at an initial annual capacity of 40 GWh.

Volkswagen is planning to building a cell manufacturing gigafactory in Canada as the German automaker looks to expand its footprint in North America.

In a bid to narrow the wide gap with industry leader Tesla, Volkswagen is investing heavily into its battery-cell production around the world.

VW's CEO said Canada is one logical option for building a gigafactory in North America, thanks to high sustainability standards and ideal economic conditions.

The JV's goal is to produce cathode material and precursors for 160 GWh cell capacity per year by 2030, enough to power about 2.2 million all-electric vehicles.

The German brands aim to secure raw materials from Canada, and more.

Mercedes-Benz intends to sign an agreement with the Rock Tech Lithium for an annual supply of up to 10,000 tonnes of lithium hydroxide from 2026 onwards.