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Industry
Samsung SDI returns to operating profit in Q2 with 203.8 billion won
Samsung SDI posted an operating profit of 203.8 billion won in the second quarter, returning to the black for the first time in seven quarters. Revenue rose to 3.77 trillion won. Net profit was 471.6 billion won, up sharply from the previous quarter and reversing a year-earlier loss. First-half revenue totalled 7.35 trillion won and operating profit was 48.2 billion won, turning positive from a loss a year earlier.
Industry
SK On teams up with Factorial to start push for mass production of 1,200-km solid-state batteries
Battery maker SK On is partnering with U.S. battery startup Factorial Energy to assess whether solid-state batteries can be mass-produced using SK On’s existing lithium-ion production lines. Under an MOU, the companies will review how SK On plants and equipment can support Factorial’s FEST solid-state technology. Factorial is conducting vehicle validation in North America with Stellantis, which has disclosed performance data for a 77Ah FEST cell. Factorial also works with other automakers and has signed similar non-binding agreements with materials companies.
Mobility
Mercedes new GLA electric images leak ahead of official unveiling
Images of Mercedes\' new GLA electric vehicle leaked online a day before its official unveiling. Electrek reported the automaker plans to reveal the model on July 29. The new EV will be renamed GLA Electric, replacing the EQA name, while the combustion version keeps the GLA badge. A leaked photo suggests changes to the grille and headlamps. The model is expected to use the MMA platform with an 800-volt system and an 85 kWh battery pack.
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Industry
Tesla profitability worsens, merger with SpaceX more likely
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Industry
Battery data becomes shield as recourse claims open in EV fire compensation
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Industry
Genesis weighs entry-level EV priced in 44 million won range
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AI & Enterprise
PsiQuantum presses ahead with photon-based large-scale quantum computer
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Mobility
Mercedes eyes Hungary production for compact G-Class in bid to cut costs
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Industry
Apptronik opens \'Robot Park\' to speed humanoid training for factories and homes
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Industry
China develops high-performance electrolyte for all-solid-state batteries, maintaining 84 percent capacity after 350 cycles
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Industry
Silicon anodes shake up EV battery market ahead of solid-state commercialisation
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Mobility
Stellantis, Factorial begin first solid-state battery road test in North America
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Industry
Solid-state battery maker Factorial begins trading on Nasdaq, eyes aviation, defense and robotics
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Mobility
Waymo, Tesla were preceded by a car that hit 180 kph in autonomous driving in 1995
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AI & Enterprise
AI coding startup Cognition raises over $1 billion at $25 billion valuation, ARR nears $492 million
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Mobility
Hotdog anxiety emerges as ultra-fast EV charging spreads
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Mobility
Mercedes-AMG GT 4-door Coupe aims for fastest EV charging in U.S.
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Industry
Ganfeng starts initial production of 500 Wh/kg solid-state lithium metal battery