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EV Battery Giant Launches IPO Worth Up To $10.8 Billion

LG Energy Solution Ltd., one of the world’s largest makers of batteries for electric vehicles, started taking investor orders for a share sale that could raise as much as $10.8 billion. The offering is on course to be comfortably the…

In The Midst Of The EV Push, GM And Volkswagen Are Strengthening Their Battery Supply Chains

Auto makers are trying to control more of the supply chain for electric vehicles, forging new partnerships with raw materials producers and investing in facilities that make chemicals for batteries. Auto makers are trying to control more of the supply…

Li-Cycle Partners With Arrival to Advance EV Battery Recycling

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced a collaboration with Arrival (NASDAQ: ARVL), a global company that is on…

Saudi Arabia To Begin Promoting Electric Vehicles In Riyadh

Saudi Arabia said that at least 30 per cent of cars in its capital would be electric by 2030, as the world’s biggest oil exporters seeks to reduce planet-warming emissions. The target, announced at the start of a Saudi climate…

Hyundai And LG Start Building $1.1Bn EV Battery Plant In Indonesia

South Korea’s Hyundai Motor Group and LG Energy Solution on kicked off the construction of a $1.1 billion electric vehicle battery plant in Indonesia, which President Joko “Jokowi” Widodo hailed as marking the country’s shift away from resources toward technology….

Sunverge, Simply Energy, Nissan And Wallbox Partner On Vehicle-To-Home And EV-To-Grid Services.

Sunverge has entered into a strategic partnership with Simply Energy, Nissan Australia, and home EV charging installer Wallbox, to combine Sunverge’s advanced intelligent energy management platform, Wallbox’s Quasar bi-directional in-home electric vehicle (EV) charging stations, and Nissan’s compact EV the…

Vietnamese, Chinese Company Partner For Manufacturing Electric Car Batteries

Vietnamese automaker VinFast has tied up with Chinese company Gotion High-Tech to research and produce batteries for electric vehicles. Under a newly-signed memorandum of understanding, the two companies will work on building the first lithium iron phosphate (LFP) battery plant…

EDF And Nissan Partner For Vehicle-To-Grid EV Charging

The V2G chargers store energy at times when the grid is less busy to make energy available for sale on the market, or for supporting grid flexibility, at times of peak energy use. EDF will launch the new V2G commercial…

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…