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Less than a week after announcing a Power Day 2023 event to unveil new battery technologies, ZEEKR has officially introduced its own lithium iron phosphate (LFP) cells developed in-house. While LFP batteries are generally categorized as less energy-dense, ZEEKR says its cells outperform many competitors.

While many companies have begun decelerating in 2023 as we enter the busy holiday season, ZEEKR has shown no signs of slowing down. In November, the Geely-owned automaker announced a new model called the 007, which made its public debut during the Guangzhou Auto Show. Since then, we’ve seen the company file for a US IPO and have confirmed plans for a new mass-market SUV to compete with the Tesla Model Y.

The ZEEKR 007 sedan will officially launch in China on December 27, followed by deliveries a few days later. Before then, however, ZEEKR promised a live event to debut new technology pertaining to EV batteries developed entirely in-house.

Following its Power Day 2023 event in China today, ZEEKR has unveiled its new LFP battery technology, promising specs that should not be slept on.

ZEEKR battery
The upcoming 007 sedan – the first EV to feature ZEEKR’s new in-house battery/ Credit: ZEEKR/Weibo

ZEEKR’s new fast-charging batteries to debut on 007

According to ZEEKR, its new LFP cell and pack technologies were developed entirely in-house and will help power its 800V electrical system for future EVs. It can deliver 500 km (311 miles) of range in 15 minutes of fast charging.

The Chinese EV automaker points out that LFP cells are generally thought to provide lower energy densities compared to nickel-manganese-cobalt (NMC) cell chemistries, enabling automakers like Tesla to offer lower-priced, entry-level EV models. However, ZEEKR says its team of engineers worked to specifically achieve higher energy density at the pack level, thus offering a more powerful LFP that remains more affordable. Per ZEEKR:

Thanks to the application of newly-developed materials and simplified structural design, the volume utilization of the new battery pack reaches 83.7%, higher than many global peers. The excellent energy density does not come with compromise in safety, the packs have passed six strict safety tests including nail penetration conducted by National Motor Vehicle Quality Inspection and Testing Center.

ZEEKR went on to state that the charging performance of its proprietary LFP batteries outperforms several competitors, even at lower temperatures during winter. As we previously reported, the ZEEKR 007 sedan will be the automaker’s first model equipped with the new batteries, but several additional models will follow.

Lastly, to support its 800V architecture and fast-charging battery technology, ZEEKR shared plans to expand its fast-charging network to 1,000 stations across China by the end of 2024 and operate over 10,000 360+ kW charging piles by 2026. By the end of November, ZEEKR reports it had opened 407 fast charging stations, home to over 2,300 individual piles.

We should learn more about what capabilities ZEEKR’s new LFP batteries will bring when the 007 sedan officially launches in two weeks. Stay tuned.

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Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal

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Exxon Mobil reaches agreement with FTC, poised to close  billion Pioneer deal

A view of the Exxon Mobil refinery in Baytown, Texas.

Jessica Rinaldi | Reuters

The Federal Trade Commission will wave through Exxon Mobil‘s roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC.

The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, the source said. The agreement will bar Pioneer’s former CEO Scott Sheffield from joining the Exxon board.

The push to remove Sheffield was due to concerns about his prior discussions with OPEC, according to the source.

Exxon and the FTC both declined to comment. The agreement was first reported by Bloomberg News.

Exxon first announced the deal for Pioneer in October, in an all-stock transaction valued at $59.5 billion. Exxon said the acquisition would more than double its production in the Permian Basin.

“Pioneer is a clear leader in the Permian with a unique asset base and people with deep industry knowledge. The combined capabilities of our two companies will provide long-term value creation well in excess of what either company is capable of doing on a standalone basis,” Exxon chairman and CEO Darren Woods said in a press release at the time.

Shares of Exxon and Pioneer were both little changed in extended trading Wednesday.

— CNBC’s Pippa Stevens and Mary Catherine Wellons contributed reporting.

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The US just proposed 18 GW of new offshore wind sales

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The US just proposed 18 GW of new offshore wind sales

The US announced two proposals for offshore wind sales that could generate more than 18 gigawatts (GW) of clean energy – enough to power more than 6 million homes.

New US offshore wind auction areas

The offshore wind auction areas announced by the US Department of the Interior and the Bureau of Ocean Energy Management (BOEM) are off the Oregon coast and in the Gulf of Maine. It’s the first in a five-year lease schedule that could see up to 12 separate offshore wind auctions.

The US has already held four offshore wind lease auctions in the New York–New Jersey region, off the Carolinas, and off the Pacific and Gulf of Mexico coasts.

Gulf of Maine

The first-ever offshore wind energy auction in the Gulf of Maine would include eight lease areas off the Maine, Massachusetts, and New Hampshire coasts. The nearly 1 million acres have the potential to generate approximately 15 GW of renewable energy and power more than 5 million homes.

This auction is exciting because BOEM wants to conduct simultaneous auctions for each of the eight lease areas using multiple-factor bidding.

In July 2023, Governor Janet Mills (D-ME) signed legislation to procure up to 3 GW of offshore wind energy in the Gulf of Maine by 2040. Offshore wind is banned in Maine state waters to protect the commercial lobster harvesting industry.

Oregon

The proposed lease sale in Oregon includes two lease areas totaling 194,995 acres – one in the Coos Bay Wind Energy Area and the other in the Brookings Wind Energy Area – which have the potential to power more than 1 million homes with renewable energy. The areas were finalized by BOEM in February.

The Coos Bay WEA is 61,204 acres and located approximately 32 miles from shore. The Brookings WEA is 133,808 acres and approximately 18 miles off the coast.

The state of Oregon has set a goal of achieving 3 GW of offshore wind by 2030.

Due to deep waters, any offshore wind farms in the Gulf of Maine and offshore Oregon will consist of floating wind turbines. 

Read more: California exceeds 100% of energy demand with renewables over a record 30 days


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Tesla’s next-gen Dojo AI training tile is in production

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Tesla's next-gen Dojo AI training tile is in production

Tesla’s next-gen Dojo AI training tile is in production, according to supplier Taiwan Semiconductor Manufacturing Company Limited (TSMC).

Tesla has been heavily investing in AI training compute power both through buying NVIDIA hardware and building its own under its Dojo program.

The first generation of its Dojo super computing platform went into operation last summer.

Shortly after, it was reported that Tesla had expanded its partnership with TSMC, a large semiconductor company that manufactures the Dojo chip for the automaker.

Now, TSMC has confirmed that Tesla’s next-generation Dojo chip has entered production and they are working on tech that could deliver much greater power to Dojo in 2027 (via IEEE Spectrum):

At TSMC’s North American Technology Symposium on Wednesday, the company detailed both its semiconductor technology and chip-packaging technology road maps. While the former is key to keeping the traditional part of Moore’s Law going, the latter could accelerate a trend toward processors made from more and more silicon, leading quickly to systems the size of a full silicon wafer. Such a system, Tesla’s next generation Dojo training tile is already in production, TSMC says. And in 2027 the foundry plans to offer technology for more complex wafer-scale systems than Tesla’s that could deliver 40 times as much computing power as today’s systems.

This new tile is likely going to be used for Tesla’s new planned $500 million Dojo cluster in New York.

Sperately, Tesla is building a new 100 MW data center to train its self-driving AI at Gigafactory Texas, but we were told that this system is going to use NVIDIA hardware.

Tesla’s Dojo program hasn’t been all smooth sailing. In December, we reported that two of the top executive engineers behind the program left the company.

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