PG Electroplast Limited (NSE: PGEL), a leader in electronic manufacturing services and plastic molding, has unveiled its expansion into the electric vehicle (EV) and lithium-ion battery sectors through an exclusive partnership with Spiro Mobility. This strategic move sees PG Electroplast’s wholly owned subsidiary, PG Technoplast Pvt. Ltd., taking the helm in manufacturing Spiro Mobility’s electric […]
Volt Resources Limited (ASX: VRC) revealed its plan to raise a total capital of A$1.632 million, which combines a A$1.132 million Placement and an additional Share Purchase Plan (SPP) that could reach A$0.5 million. Key Developments: Capital Allocation Focus: Funds accrued from this capital raising effort are to be systematically channelled into enhancing Volt’s cohesive […]
Himadri Speciality Chemical, an Indian specialty chemical conglomerate, has made an investment of AUD 10.32 million in Sicona Battery Technologies, an Australian startup specializing in high-capacity silicon anode technology for lithium-ion batteries. This investment marks a substantial leap forward in the development of cutting-edge battery materials and reinforces the critical role of Sicona Battery Technologies […]
Stellantis, in collaboration with TotalEnergies and Mercedes-Benz, celebrated the inauguration of Automotive Cells Company’s (ACC) battery gigafactory in Billy-Berclau Douvrin, France. This marks the first of three planned battery gigafactories in Europe and represents a significant step towards advancing electric vehicle (EV) technology. The newly inaugurated ACC battery gigafactory boasts an initial production line capacity […]
Tata Consultancy Services (TCS) has signed an academic partnership with the Norwegian University of Science and Technology (NTNU) to work together in the development of cutting-edge battery cell technologies to accelerate the transition to green energy. The Indian IT service provider will collaborate closely with the Norwegian university’s Department of Energy and Process Engineering (EPT) […]
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 […]
Amara Raja Batteries Limited (ARBL) has entered into a memorandum of understanding (MoU) with the Telangana government to invest more than INR 9,500 crores in the Amara Raja Giga Corridor in Mahbubnagar district. The Amara Raja Giga Corridor will house research and manufacturing facilities for lithium-ion battery-making. These include a lithium cell gigafactory which will […]
Servotech Power Systems has incorporated a subsidiary, named Techbec Industries Limited (TIL) to manufacture batteries. The newly established entity will be engaged in the manufacturing of batteries, mainly lithium-ion batteries, and other allied activities. Owning a 63.5% share capital, Servotech Power Systems will be the holding company of Techbec Industries Limited. Raman Bhatia – Servotech […]
Rock Tech Lithium has signed a non-binding memorandum of understanding (MoU) with the Romanian government to build a lithium hydroxide converter in the European country with an investment of around €400 million. According to the Canadian cleantech company, the MoU calls for cooperation and support for its search for a location for its project in […]
Electric vehicle (EV) battery startup Britishvolt has secured a funding commitment from the UK government for its proposed £3.8 billion battery gigafactory in Blyth, Northumberland. The British government will provide the funding via the Automotive Transformation Fund (ATF). The battery gigafactory is likely to start production of lithium-ion batteries by 2023-end. Upon completion, the Blyth […]