EU Approves $986 Million German State Aid For Northvolt’s Battery Plant, Matching US Subsidies
The European Commission gave the green light to a $986 million German measure aimed at bolstering Swedish sodium-ion battery-batteries company Northvolt’s initiative to build a battery production plant for electric vehicles in the country. The sum sways Northvolt’s decision towards…
Electric Vehicle (EV) Battery Market to Reach US$ 347 Billion by 2033
According to a recent analysis by Fact.MR, the global electric vehicle (EV) battery market is expected to undergo substantial growth at an impressive Compound Annual Growth Rate (CAGR) of 18.5%, reaching a valuation of US$ 347 billion by the conclusion…
Yamaha Motor Establishes New Company for Battery Management in Compact Electric Vehicles
Yamaha Motor Co., Ltd. announces that it has established ENYRING GmbH, as a new company that will offer swappable batteries for compact urban electric vehicles via subscription-based services. By offering such services and by reusing and recycling batteries together with…
US Nano-Silicon Startup Revs Up for EV Battery Boom
Congressman John Curtis (UT-03) toured Ionic Mineral Technologies’ (Ionic MT) new Provo facility this week, underscoring the Utah company’s pivotal role in securing America’s electric vehicle (EV) battery future. Ionic MT’s revolutionary nano-silicon anode material, Ionisil™, promises an 8x capacity…
China’s Gotion High-Tech to Open Electric Vehicle Battery Plant in Morocco
As part of its massive global efforts to increase the availability and robustness of the EV (Electric Vehicle) market, Chinese manufacturer of EV batteries Gotion High-Tech is considering building a facility in Morocco. According to a statement from global tech…
Mahindra Teams Up with Attero for Eco-Friendly EV Battery Recycling
Mahindra have partnered with Attero, a global leader in lithium-ion battery recycling. This collaboration aims to address environmental concerns related to electric vehicle (EV) battery disposal. Mahindra, known for its Li-ion electric 3-wheelers, and Attero, recognized for recycling technology, will…
US-China Tech War Escalates Over EV Battery Dominance
Semiconductors have in recent years become a focal point in the U.S.’s efforts to impede China’s technological advancement. Now Washington has its eye on yet another red-hot tech sector where China is making great strides: batteries for electric vehicles. Earlier…
LGES to Supply NCM Li-ion Modules for ICPT’s E-bus Battery System
South Korean battery company LG Energy Solution (LGES) has signed a supply agreement for NCM lithium-ion battery modules with Impact Clean Power Technology (ICPT), a supplier of heavy-duty battery systems for public transportation. Under the agreement announced by the two…
EV Battery Startup ONE Names Paul Humphries as CEO, Replacing Founder
Electric-vehicle battery startup Our Next Energy (ONE) said on Sunday that Paul Humphries will be its new CEO effective immediately, replacing Mujeeb Ijaz, who held the post since he founded the company. Ijaz, a former Apple executive, will serve as…
Lithium at California’s Salton Sea could Power Millions of Electric Vehicles
Southern California’s Salton Sea may be sitting atop a lithium gold mine that, if extracted, could power a staggering 375 million electric vehicle batteries, according to a new report. It’s not exactly a secret that lithium is present in the…
