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…
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…
Ford’s $30B Investment In Electric Revs Up In-House Battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+,…
Rio Tinto And InoBat Partner To Explore Full Life-Cycle Lithium Battery Initiative
Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia. The partnership will cover the full…
Daimler Truck And CATL Expand Global Battery Partnership
Daimler Truck and Contemporary Amperex Technology Co. Limited (CATL) are expanding their existing partnership related to batteries for electric trucks, started in 2019. The original deal was about CATL’s lithium-ion cell modules for upcoming Daimler’s series-produced electric trucks (Mercedes-Benz eActros,…
