Renewables Subsidiary Of India’s NTPC Launches 500MWh Battery Storage Tender
Indian state-owned power producer NTPC has launched a tender for large-scale battery storage, just a few days after the Solar Energy Corporation of India (SECI) also began a similar solicitation process. The strategic procurement group at NTPC subsidiary NTPC Renewable…
Electric Vehicle Battery Market Size To Worth Around US$ 559.87 Bn by 2030
The global electric vehicle battery market size was accounted at US$ 46.03 billion in 2021. The burgeoning sales of the electric vehicles across the globe are expected to significantly drive the growth of the EV battery market during the forecast…
Britishvolt Receives £40 Million In Funding For A Battery Facility For EVs
The UK startup Britishvolt has gained new investment worth £40m from Glencore in the latest stage in its ambitious plan to build one of the UK’s few large-scale battery factories. It is aiming to treble its funding with £200m in…
Samsung, Alongside Stellantis To Build Its First Electric Vehicle Battery Plant In The US
South Korean battery maker Samsung SDI said it will build its first electric vehicle (EV) battery plant in the US with global carmaker Stellantis N.V., joining other local rivals’ moves to tap deeper into the region. The announcement confirms earlier…
Innovative Process Enables The Recycling And Reuse Of Electric Vehicle Battery Components On A Commercial Scale
The UK’s electric vehicle (EV) sector is set for rapid expansion over the next decade, owing to the UK’s commitment to Net Zero Carbon emissions by 2050. With a ban on the sale of petrol and diesel cars coming into…
LG, Hyundai To Build $1.1 Billion Electric Vehicle Battery Plant In Indonesia To Tap Nickel Supply
South Korean conglomerates Hyundai and LG will jointly build a $1.1 billion electric vehicle battery plant in Indonesia to take advantage of the Southeast Asian country’s potentially vast consumer market and rich natural supply of nickel. The 50-50 joint venture,…
Nissan, AESC To Build $460 Million Car-Battery Plant In Japan
Nissan Motor Co. is unveiling plans for a second car battery factory, betting that demand for electric vehicles will justify the investment in additional capacity. Envision AESC and Nissan will jointly operate the plant, to be built in Ibaraki prefecture…
LG Chem To Invest 6 Trillion Won In Battery Business
LG Chem is aiming to invest 6 trillion won (4.4 billion euros or 5.2 billion dollars) in the expansion of its battery materials business for electric cars by 2025. They want to establish a new cathode material facility in Gumi,…
A Tweak In The Battery Chemistry Could Double Electric Vehicle Range
Researchers at the Pacific Northwest National Laboratory (PNNL) have made a chemical breakthrough that they believe will allow electric vehicles batteries to hold almost twice the energy of their traditionally-used lithium-ion counterparts. The solution in question is a lithium-metal chemistry…
Sumitomo To Invest $424 Million In Cathode Material Production
The Japanese raw materials company Sumitomo Metal Mining has announced its intention to invest 47 billion yen (about 424 million USD) in expanding its production capacities for cathode materials. The company cites the car industry’s growing demand for batteries as…
