Ford Motor Company will construct the BlueOval Battery Park Michigan, a new $3.5 billion lithium iron phosphate (LFP) battery facility in Marshall, Michigan to become the first automaker to manufacture both nickel cobalt manganese (NCM) and LFP batteries in the US. The country’s first automaker-backed LFP battery facility is anticipated to diversify Ford Motor’s US […]
Italvolt, an Italian electric vehicle battery maker, will license extreme fast charging (XFC) technology and intellectual property rights from StoreDot, an Israeli start-up, to produce lithium-ion batteries at its proposed cell factory. The collaboration is expected to help Italvolt scale and upgrade its battery cell production along with the technological advancements of StoreDot. Italvolt’s proposed […]
Recharge Industries has contracted professional services company Accenture as its engineering provider for its proposed gigafactory in Geelong, Victoria, Australia. At peak, the lithium-ion battery cell manufacturing plant will produce up to 30 gigawatt hours (GWh) of storage capacity annually for electric vehicles and stationary energy storage markets. The gigafactory is expected to produce batteries […]
Eve Energy, a battery technology company, has opened its CNY 2 billion ($290 million) research and development (R&D) center in Huizhou, Guangdong province, China. The 145,000-square-meter facility will test and analyze cylindrical and prismatic cells, apart from battery management and energy storage systems. Along with R&D labs as well as electrical performance and safety testing […]
Nabors Industries, a provider of advanced technology for the energy industry, has invested $7 million in Natron Energy, a manufacturer of sodium-ion batteries based in California. Natron Energy intends to utilize the funds to expedite the production of its sodium-based battery technology at its facilities in Michigan with a focus on energy transition and industrial […]
Johnson Matthey has agreed to sell a part of its battery materials business to EV Metals Group, an Australian battery chemicals and technology firm, for £50 million ($63.1 million) in cash. Additionally, the British specialty chemicals company will also secure a minority stake in EV Metals Group. The sale covers Johnson Matthey’s assets at the […]
Reliance Industries said that its fully-owned subsidiary — Reliance New Energy has agreed to acquire substantially all of the assets of Lithium Werks, a Netherlands-based lithium battery manufacturer, for a sum of $61m, which includes funding for future growth. The assets involved in the deal include the full patent portfolio of Lithium Werks, its manufacturing […]
SES AI Corporation, a Boston-based battery technology company, has formed a subsidiary called SES Korea with intentions to construct a pre-production facility in South Korea. Established in 2012, SES AI is engaged in developing and manufacturing lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications. After SES Shanghai Giga in China, SES Korea […]
Deere & Company has wrapped up the previously announced acquisition of a majority stake in Kreisel Electric, an Austria-based developer of immersion-cooled battery technology. The financial terms of the deal were not revealed. Based in Rainbach im Mühlkreis, Kreisel Electric is engaged in manufacturing electric battery modules and packs that have high density and are […]