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…
American Battery Solutions Powers Marine Travelift’s New Electric Series Boat Hoists
American Battery Solutions (ABS) has partnered with Marine Travelift to design, develop and manufacture the advanced battery technology powering its new Electric Series boat hoists. The 50BFMII (50MT capacity boat hoist) combines the innovation of ABS’ electrification and the world-class…
Northvolt CEO Resigns after EV Battery Maker Files for Bankruptcy Protection
The chief executive of Northvolt has resigned, after the Swedish battery startup filed for bankruptcy protection in the US.Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said on Friday. Carlsson said Northvolt,…
Electrovaya Receives US$3.5 million Order for Batteries for Use by Existing Fortune 100 Customer
Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued at approximately US$3.5 million for immediate delivery of its batteries from one of its OEM sales…
Honda and GoCimo will Test Battery-sharing Service in Malmö
Honda will install its battery swapping station called ‘Power Pack Exchanger e’ at three locations in the Swedish city. Here, drivers renting one of Honda’s all-electric EM1 e through GoCimo can exchange empty batteries for a fully charged pack. In…
