China’s GEM Seeks To Double Stake, Take Control Of Indonesia Nickel Project
Chinese electric vehicle battery firm GEM Co Ltd said on Monday it aims to double its stake in an Indonesian nickel project, becoming the majority investor to strengthen “strategic control” of the resources amid a nickel shortage. Under a framework…
Indonesia Says $9.8 Billion EV Battery MOU Agreed With LG Energy Solution
Indonesia and a unit of South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle (EV) battery investment deal, the head of Indonesia’s Investment Coordinating Board said. The deal was signed on…
Stanford Researchers Discuss What Will It Take For India To Become A Major Battery Manufacturer
India is one of only a few countries whose national emissions reduction target is in line with the Paris Agreement’s goal of reducing global warming before Earth’s temperature reaches a dangerous threshold. But to successfully switch from coal to renewable…
EC Proposes Modernizing EU Legislation On Batteries To Enhance Sustainability And Safety
The European Commission is proposing modernizing EU legislation on batteries; this would be the first initiative delivered among the actions announced in the new Circular Economy Action Plan. Batteries that are more sustainable throughout their life cycle are key for…
Ricardo Monitoring Technology Aims To Reduce Electric Vehicle Battery Failures
Ricardo has been awarded funding from the Office of Low Emissions Vehicles (OLEV), in partnership with Innovate UK, for a research and development project which seeks to improve electric vehicle battery life, performance and resilience. Green economic recovery programmes across…
UK Startup Britishvolt Picks Site For $3.5 Billion Vehicle Battery Plant
Electric vehicle battery startup Britishvolt said it had selected a site in northern England to build a £2.6 billion ($3.5 billion) factory that should start production in 2023. The company, which so far has said it has raised about £10…
LG Chem To Expand EV Batteries In Europe And North America
The South Korea-based organisation anticipates a further increase in its battery sales and profit during the fourth quarter after posting record quarterly earnings due to the surging demand for electric vehicle (EV) batteries. In a press release, Dong Seok Cha,…
Lithium From California’s Salton Sea Can Anchor US Battery Supply Chain
Developing lithium from the Salton Sea in California can help anchor a multi-billion dollar domestic electric vehicle battery supply chain and inject thousands of jobs and billions of dollars into California’s economically disadvantaged Imperial Valley, according to a report. The…
Magnis Takes Next Step Towards “Six-Minute” Electric Vehicle Battery
Magnis Energy Technologies has taken the next step towards commercializing an electric vehicle battery that can recharge a vehicle in six minutes. The ASX-listed company had revealed in July that it had an electric vehicle battery in development that could…
General Motors Close To Developing Million-Mile Battery
American auto giant General Motors (GM) says it has, like Tesla, been working on a “million mile battery” and that it is “almost there”. It is also developing a next-generation battery that will supercede the Ultium battery first revealed at…
