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,…
Startup Log 9 Materials Develops Fast-Charging Batteries For Electric Vehicles
Log 9 Materials, a startup incubated from IIT-Roorkee five years ago, has developed fast-charging batteries for electric vehicles, which will help extend the life of the power unit and adoption of EVs, an official said. The company is carrying out…
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…
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…
Nissan Unveils New EV, Plans For Battery Gigafactory At Sunderland In UK; Potentially Up To 35 GWh
Nissan unveiled Nissan EV36Zero, a £1-billion flagship Electric Vehicle (EV) Hub —an EV manufacturing ecosystem—centered around its plant in Sunderland, UK. The project has been launched with an initial £1-billion (US$1.4-billion) investment by Nissan and its partners battery-maker Envision AESC…
Volvo Car And Northvolt Build Giga-Factory In Europe
As a first step for the 50/50 joint venture, Volvo Car Group and Northvolt aim to set up a research and development centre in Sweden that will begin operations in 2022. The centre is intended to build on the battery…
Researchers Develop Electric Vehicle Battery Made From Seawater And Wood
The rise of electric vehicles has driven the demand for batteries and the materials to produce them, however, raw materials for lithium-ion batteries are becoming more scarce or ethically troubling to extract. One company has claimed to have created the…
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…
Sweden’s Northvolt Raises Further $2.75 Billion To Boost EV Battery Making
Swedish battery developer and manufacturer Northvolt has raised $2.75 billion to expand its battery manufacturing capacity in Europe to meet growing demand for electric vehicle batteries and help the EU achieve its “Green Deal” objectives, the company said. This latest…
