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Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion.

According to a survey conducted by BloombergNEF, electric vehicle makers soon will be producing models that are as affordable — and as profitable — as comparable combustion-engine models.

Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.

Oak Park, Mich.-based electric-vehicle startup Bollinger Motors on Oct. 15 said it will produce its own battery packs for its vehicles according to a new design it developed and for which it has submitted a patent.

Tesla Inc. plans to manufacture a car that will cost $25,000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market electric vehicle, Chief Executive Officer Elon Musk said Sept. 22.

Tesla Inc. is planning to expand a battery-research facility in the San Francisco Bay Area.

Midtronics Inc. announced its DSS-5000 HD Battery Diagnostic Service System is available for commercial truck and fleet applications.

Germany and France set out a blueprint for a giant battery factory, advancing Europe’s bid to rival the capacity of Tesla Inc. China to supply the key part for electric vehicles.

CATL and BYD Co. saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector.