EV batteries
Kinterra Capital’s debut $565M fund to support mining for battery metals
Kinterra Capital, a Canadian private equity firm, has closed its $565 million debut fund dedicated to securing critical mineral assets for battery development. The influx of private capital comes amid…
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How generative AI is creeping into EV battery development
Ten billion. That’s how many commercially procurable molecules are available today. Start looking at them in groups of five — the typical combination used to make electrolyte materials in batteries — and it increases to 10 to the 47th power. For those counting, that’s a lot. All of those combinations matter in the world of…
Stellantis, Samsung SDI to build second $3.2B EV battery factory in Indiana
Stellantis and Samsung SDI announced Wednesday plans to invest $3.2 billion into a new EV battery plant in Kokomo, Indiana. This is Stellantis’ sixth battery plant globally and its second…
GM invests in Canadian battery recycler to fight supply shortage
General Motors is partnering with a Canadian battery recycler to produce new batteries from recovered battery materials, as it aims to scale EV production in North America amid supply shortages…
Redwood Materials partners with Toyota to recycle batteries in US
Redwood Materials, the lithium-ion battery recycling startup founded by former Tesla CTO JB Straubel, is partnering with Toyota to collect, refurbish and recycle batteries and battery materials that can be…
Sila buys new factory to produce next-gen EV battery tech on US soil
Battery technology company Sila announced the purchase of a new facility in Washington state that will see its next-generation battery chemistry in hundreds of thousands of electric vehicles by the…
Biden to provide $3.1B to support domestic production of EV batteries
President Joe Biden’s administration said it will provide $3.1 billion in funding to support the domestic production of advanced batteries that will spur electric vehicle adoption. Proponents of the funding,…
Biden’s answer to high gas prices is to boost US battery production
President Joe Biden will trigger the Defense Production Act to secure U.S. sources of critical minerals and materials like lithium, nickel, cobalt, graphite and manganese that are used to make batteries…
LG Energy increases battery production in the US with $1.4B investment
South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to…
EV battery maker LG Energy Solution becomes South Korea’s second most valuable firm in IPO debut
South Korea’s electric vehicle battery maker LG Energy Solution made a successful market debut on Thursday. The market capitalization of LG Energy stood at $98.3 billion (118 trillion KRW) at…
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Voltaiq is helping companies like Mercedes-Benz keep their EVs on the road
The Chevy Bolt recall was a huge and expensive setback for GM — and arguably the broader EV market. The sheer number of vehicles — about 141,000 — highlighted the fact that neither battery cell supplier LG Chem nor GM could pinpoint exactly which batteries had defects. The companies only knew that problems within LG…
Toyota earmarks $3.4 billion to boost EV battery production in the US through 2030
Toyota Motor is joining other major automakers in putting its money behind electrification, saying Monday it would invest $3.4 billion in battery development and production in the United States through…
Swedish company Northvolt raises $2.75B to accelerate European battery production
Swedish battery developer and manufacturer Northvolt AB has raised $2.75 billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by…
Ford and SK Innovation announce battery manufacturing joint venture BlueOvalSK
Ford Motor Company and Seoul, South Korea-based SK Innovation signed a memorandum of understanding to establish a joint venture to domestically manufacture batteries for electric vehicles, the two companies said…
Recycling startup Redwood Materials is partnering with Proterra to supply EV battery materials sustainably
A growing number of companies have emerged over the last few years determined to reduce waste in the electric vehicle battery market. Chief among these is recycling firm Redwood Materials,…
Duke Energy And ITOCHU Testing New Uses For Old Electric Vehicle Batteries
Duke Energy and ITOCHU Corp. announced a partnership today through which they will evaluate and test new uses for old electric vehicle (EV) batteries. Once they are too spent for…