RIL To Venture Into EV Battery Space Ahead Of A Boom In Electric Vehicles
The possibility of a stake sale to Saudi Arabia’s Aramco is only one part of the story behind Reliance Industries hiving off its oil-to-chemicals business. This is also part of a strategic shift by Ambani to renewable energy. “RIL will…
SVOLT Plans Two New Battery Factories In China
The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, is expanding its production capacities in China. New factories are planned in Huzhou in China’s Zhejiang province and in Suining in Sichuan province, each with annual capacities…
Xos To Go Public And Expand Battery-Electric Vehicle Production
Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca…
UK Eyes Second Electric Vehicle Battery Factory
Building on the region’s efforts to stand at the forefront of new technologies, the Coventry City Council in the United Kingdom will reportedly enter a joint venture partnership with Coventry Airport with the aim of building the country’s second battery…
American Electric Car Maker Triton Inks Pact With BEL To Make Batteries In India
The New Jersey-based electric car maker Triton has roped in India’s state-owned Bharat Electronics Limited (BEL) to make batteries. The much-awaited memorandum of understanding (MoU) has been signed where Triton will provide the know-how and BEL will make them. Himanshu…
New Electric Vehicle Standards To Advance UK Battery Manufacturing
BSI, in its role as the UK National Standards Body, has published two standards as part of the Faraday Battery Challenge Standardization Programme to help support the UK’s Electric Vehicle capability. The standards are an important step in creating a…
Two Lithium Battery Plants To Be Set Up In Karnataka: Deputy CM
Two lithium battery manufacturing plants will be set up in Karnataka with the objective of promoting e-vehicles and reducing air pollution, said Deputy Chief Minister Dr CN Ashwatha Narayana. Speaking after launching an e-vehicle rally organised by the Rotary Club…
Competition Intensifies For Commercial Vehicle Battery Makers
Moving beyond electric vehicles themselves, blank-check companies are targeting battery developers critical to the growing demand for zero-emission commercial vehicles. The most attractive battery-making companies have track records and significant revenue, reducing the risk to investors. The special purpose acquisition…
Finland Targets Investors In Bid To Create New Battery Industry
Finland is looking for investors to help it build a new industry around electric-vehicle batteries over the next half decade. The country, which refines more than half the cobalt produced in Europe, published a report, laying out its case. One…
Shift To Electric Vehicles Spurs Bid To Make More Batteries In U.S.
The auto industry’s quickening shift to electric cars is spurring investment in another emerging industry in the U.S.: manufacturing lithium-ion batteries for those vehicles. China currently dominates the market for producing electric-vehicle batteries. But as auto makers spend billions to…
