Indonesia Says $9.8 Billion EV Battery MOU Agreed With LG Energy Solution
Indonesia and a unit of South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle (EV) battery investment deal, the head of Indonesia’s Investment Coordinating Board said. The deal was signed on…
Battery Recycling Market Global Forecast To 2025
The battery recycling market is estimated to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025. Reasons for growth of the battery recycling market include rising concerns…
PURE EV, CSIR-CECRI Join Hands To Work On Indigenous Lithium-Ion Technology For Electric Vehicles
IIT Hyderabad-incubated start-up PURE EV is collaborating with CSIR-Central Electro Chemical Research Institute (CECRI), Karaikudi with its Extension Centre at CSIR Madras Complex, Chennai on indigenising lithium-ion battery technology for electric vehicles. This initiative will support the Centre’s Atmanirbhar Bharat…
EC Proposes Modernizing EU Legislation On Batteries To Enhance Sustainability And Safety
The European Commission is proposing modernizing EU legislation on batteries; this would be the first initiative delivered among the actions announced in the new Circular Economy Action Plan. Batteries that are more sustainable throughout their life cycle are key for…
QuantumScape’s Battery Technology Is Huge for EVs
Battery start-up QuantumScape is playing host to a battery technology day on Tuesday. Quantum’s technology could be game changing for the electric-vehicle industry and for the company’s stock. But the technology and the company are new, so investors have to…
UK Startup Britishvolt Picks Site For $3.5 Billion Vehicle Battery Plant
Electric vehicle battery startup Britishvolt said it had selected a site in northern England to build a £2.6 billion ($3.5 billion) factory that should start production in 2023. The company, which so far has said it has raised about £10…
Volkswagen EV Battery Lab Begins Construction In Tennessee
The German automaker has made the southern state it’s home for electric vehicle production, and soon, batteries. Recently, the company said construction began on its new battery lab, which will handle testing for EV batteries in the future as part…
TÜV & ConAC To Open Test Lab For EV Batteries
The German certification service provider TÜV Rheinland and the Aachen-based start-up ConAC have announced a test laboratory for electric car drive batteries. The laboratory, which is to become one of the “largest and most modern independent battery test centres in…
Industrial Segment Of Global Lithium-Ion Battery Market Could Exceed $24 Billion By 2027
The lithium-ion batteries have become intertwined with all facets of modern life. The lithium-ion battery is used in electronic devices such as smartphones, power tools, digital cameras and especially in the ever growing Electric Vehicle (EV) marketplace. Hence, the demand…
Farasis And TOGG Signed A Letter Of Intent To Develop Energy Storage Solutions For Turkey And Surrounding Countries
Farasis is partnering with TOGG, a European OEM developing native electric vehicles and e-mobility ecosystem, for the use of Farasis battery cells in the full range of TOGG products. According to the agreement, battery cells will be provided by Farasis…
