Hyundai And LG To Spend An Extra $2B On Their US EV Battery Plant
Hyundai Motor Group and LG Energy Solution (LGES) are going to inject an additional $2 billion into their $4.3 billion US EV battery factory. Carmaker Hyundai and lithium-ion battery maker LGES signed a memorandum of understanding at LGES’s headquarters in…
Battery Firm Redwood Materials Raises Over $1 Billion To Expand US Ops
Redwood Materials said on Tuesday it had raised more than $1 billion in new funding as the battery materials firm, founded by former Tesla executive JB Straubel, seeks to expand its operations in the United States. The company in February…
Swedish EV Battery Maker Raises $1.2B To Expand to North America
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters. Tuesday’s announcement signals the first time Northvolt has…
Next-gen LFP Battery Tech For EVs Adds 250 Miles In 10 Minutes
Chinese battery supplier CATL on Wednesday announced a new lithium iron phosphate (LFP) battery that the company claims will enable super-fast charging. Called Shenxing, the new battery is scheduled to enter mass production later this year, according to a company…
Nikola Recalls Electric Trucks Due To Battery Pack Fire Risks
Nikola is voluntarily recalling its battery electric trucks because of a fire hazard issue tied to a battery pack component, the OEM announced Friday. The manufacturer is alerting the National Highway Traffic Safety Administration about the 209 Tre BEVs affected by the issue and is…
John Deere Plans EV Battery And Charger Plant Near Winston-Salem
A division of agricultural and industrial equipment maker John Deere plans to spend $69.6 million to build a battery and fast-charger factory near Winston-Salem. The project in Kernersville will create 50 jobs and be the North American headquarters for John…
Schneider Adds More Battery Electric Vehicles To Its Southern California Leet
Schneider National Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, announced today the carrier is now running two Lonestar Specialty Vehicles battery electric terminal tractors, further advancing the company’s commitment to lowering carbon emissions and…
NextStar To Become One Of The Biggest EV Battery Plants In The World
NextStar Energy has begun the hiring process for what will be one the biggest electric vehicle battery plants in the world located in Windsor, Ontario, Canada. The facility will start with 130 employees. A launch team “They will be our…
Amprius Unveils High-Energy Silicon Anode Cell for eVTOL And EV Applications
California-headquartered Amprius Technologies has revealed a new high-energy density, high-discharge rate silicon anode cell that could potentially be used in aerial and automotive applications. The company claims to have achieved a discharge rate of 10C with an energy density of…
How The Inflation Reduction Act Is A Victory For U.S. EV Battery Manufacturers
The Inflation Reduction Act (IRA) is a landmark legislation that will spur domestic clean energy investment over the next few decades. This effort is crucial as the U.S. works to electrify its most polluting industries and advance them into more sustainable solutions….
