LG Energy Signs 7-year Battery Supply Deal with US EV Startup
LG Energy Solution, Korea’s leading battery maker, said Friday it has signed a seven-year battery supply deal with U.S. electric vehicle startup Aptera Motors. LG Energy signed a three-way agreement with Aptera Motors and Korean battery pack maker CTNS to…
Toyota Motor North America lands $4.5M DOE Grant for EV Battery Recycling
The DOE’s Advanced Research Projects Agency-Energy initiative provided funding to Toyota to support a circular domestic supply chain for EV batteries. Singh and his team are leading the development of a robotic disassembly process for batteries in collaboration with Oak…
Hitachi ZeroCarbon Powers COBUS Electric Shuttle Bus Fleet with Battery Analytics
Hitachi ZeroCarbon, a subsidiary of Japanese conglomerate Hitachi that provides technology for decarbonizing fleet vehicles, is supplying its battery management system to German airport shuttle bus manufacturer COBUS Industries. Hitachi will equip 100 e.COBUS Extended Range (ER) buses worldwide with…
Mitsubishi Chemical Group Targets EV Batteries, Semiconductors with Pair of Expansion Projects
The Mitsubishi Chemical Group (MCG; Tokyo) has announced two capacity expansions at its production sites in Japan in response to growing demand for semiconductor materials and lithium-ion batteries. In the first project, MCG will increase its production capacity of a…
Volkswagen and PowerCo Make Strategic Investment in North American Lithium Company Patriot Battery Metals
The Volkswagen Group invests US$48 million to acquire 9.9 percent of Patriot’s issued and outstanding common shares. The binding offtake commitment covers the supply of 100,000 tonnes of spodumene concentrate per year for a period of 10 years as soon…
DOE Closes on $9.6B loan to Ford’s BlueOval SK Battery Joint Venture
The BlueOval SK joint venture with South Korea-based EV battery manufacturer SK On was established to provide Ford a steady supply of domestically-produced batteries for its EVs. Battery production is slated to begin in 2025. The DOE’s Loan Programs Office…
Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain
Stellantis and CATL today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be completely…
ConnectDER Will Expand Distributed Energy Products Business
People who install rooftop solar and/or residential battery systems assume they will be able to power their homes if there is a power outage. Much to their surprise, they find that is not true unless their system is able to…
US Government Commits $7 Billion Loan to Build EV Battery Plants
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana, reported The Associated Press. The AP said…
Tennessee University to Receive DOE Funding for EV Battery Recycling Project
The DOE’s recent round of grants, funded by the Infrastructure Investment and Jobs Act of 2021, is part of the Biden-Harris Administration’s overarching goal for EVs to make up half of new light-duty vehicle sales by 2030. It’s unclear how…
