Ford-Backed Battery Maker Solid Power To Go Public Via $1.2 Bln SPAC Deal
Solid Power Inc, an electric-vehicle battery maker backed by Ford Motor Co and BMW, said it would go public by merging with a blank-check firm in a deal that values the combined entity at around $1.2 billion. The company, which…
Electric Vehicle Battery Group Raises $2Bn In Korea’s Biggest IPO In 4 Years
The company priced the offering at Won105,000 per share or the top of a marketed range, according to a stock exchange statement. Demand for shares outweighed the number on offer by 1,883 times as institutional investors bet on growth in…
Foxconn And Vietnam’s VinFast Explore Partnership, Talks Focus On Batteries, EV Parts
Vietnam’s largest conglomerate Vingroup said its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts. Foxconn has proposed acquiring EV production lines…
Volkswagen To Build Six Electric-Vehicle Battery Factories In Europe
Volkswagen AG said it would invest in six large battery factories and build out charging infrastructure, highlighting some global auto makers’ push to take control of battery making as electric vehicles boom. The world’s automotive industry is pivoting to electric…
EV-Battery Startup QuantumScape Soars On Technical Breakthrough
QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology. The company, which is attempting to pioneer solid-state lithium-metal batteries for electric vehicles, said…
Volvo Energy: Batteries, Charging, 2nd-Life, And Hydrogen
Volvo Group has formed a new business division, Volvo Energy, to streamline electrification. They will look to bundle internal activities around energy and charging but also provide used batteries to external customers for energy storage solutions. Volvo Energy concerns the…
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…
Tesla Will Leave ‘Skateboard’ Behind & Move To Structural Battery Packs
Tesla’s first vehicle wasn’t a ground-up electric car. In fact, the original Tesla Roadster was essentially a gas car converted to electric. As we’ve said time and time again, this isn’t the best way to do it. We’ve seen many…
InoBat Auto: World-First Battery Customization For Electric Vehicles
After one year of design and development, Slovakia-based company InoBat Auto recently unveiled its Gen1 lithium battery, which is reportedly the first electric vehicle (EV) battery created with both artificial intelligence (AI) and high-throughput technology. InoBat developed its electric vehicle…
More Investment In EV Battery Cell Manufacturing Required To Meet Emissions Targets: IEA
More investment needs to be made in electric vehicle battery manufacturing in order for the world to meet net-zero ambitions, the International Energy Agency said in its latest World Energy Outlook. The widely anticipated report looked at a variety of…
