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…
Vertical Integration, Digitization Needed For EV Battery Supply Train Traceability
The electric vehicle battery business needs vertical integration and digitization to improve supply chain transparency and for the industry to have the full backing of the environmental, social and governance-investor community, according to market participants, speaking in an interview. As…
EVs Get First Battery That Can Charge In 5 Minutes
Israeli company StoreDot has manufactured the first battery for electric vehicles that can be charged in just five minutes, a step toward making refueling as fast as cars at a gasoline station. The lithium ion samples were produced by StoreDot’s…
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…
