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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,…

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…

Hyundai Motor To Invest $100 Mln In Battery Startup SolidEnergy Systems

South Korea’s Hyundai Motor Co has invested about $100 million to buy a stake in a lithium metal battery startup, according to local news. “As we have been investing in various companies related to electrification, our investment in SolidEnergy is…

EV Battery Swapping Startup Ample Charges Up Operations In Japan, NYC

EV battery swapping startup Ample has locked in two partnerships this month that will help fuel an expansion into Japan and New York City after years of working on the technology. The startup, which was founded in 2014 and came…

Foxconn Invests $36 Million In EV Partnership With Gigasolar

Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a Taiwan-based subsidiary will make…

Loop Energy And GreenCore Partner To Combine Best-In-Class Technologies In Next Generation, Hydrogen-Powered EV Chargers

GreenCore and Loop Energy announced a partnership to develop and build hydrogen powered EV charging stations. The Parties anticipate the first pilot installation to be completed within calendar year of 2021 with more than 1,500 EV charging and hydrogen refueling…

Foxconn To Partner With PTT On Electric-Vehicle Production In Thailand

Foxconn Technology Group and Thailand’s state-owned oil company PTT PCL will set up an open platform for electric-vehicles production in the country, with an aim of accelerating the industry’s growth. The companies have signed a memorandum of understanding to enter…

Siemens Partners With Murray Engineering On Australia-Made Electric Vehicle

Siemens and Western Australian partner Murray Engineering have unveiled a new light electric vehicle (eLV) designed and built in Australia. The vehicle was unveiled at the Austmine 2021 conference taking place in Perth, and follows the announcement of a new…

SP Group Partners With SMRT Subsidiary To Provide EV Charging Solutions Across Singapore

SMRT subsidiary Strides Transportation has signed an agreement with utilities provider SP Group to offer its electric vehicle (EV) drivers and fleet customers access to SP’s high-speed chargers across the island. This will provide greater convenience and a quicker turnaround…

Nissan To Invest $1.8 Billion In New EV Battery Plants In Japan And UK

Nissan will invest more than 200 billion yen ($1.8 billion) in building new electric-vehicle battery plants in the U.K. and Japan, according to a report. The Japanese automobile giant and a Chinese-owned battery maker aim to start delivering batteries to…