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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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Daimler Truck AG and lithium-ion battery manufacturer and developer Contemporary Amperex Technology Co. In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery cell modules supply agreement for electric series trucks including the Mercedes-Benz eActros, the Freightliner eCascadia and eM2.

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BMW Group 1st automotive manufacturer to use new Pirelli tires containing FSC-certified natural rubber and rayon

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The BMW Group is stepping up its activities in the field of sustainability, becoming the first automotive manufacturer worldwide to equip its cars with tires using certified sustainable natural rubber and rayon, a wood-based material used to strengthen the tires. Small farmers are also represented in this initiative.

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Volvo Car Group exceeds 600,000 vehicles sold on the CMA platform

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Volvo Car Group, including its strategic affiliates Lynk & Co and Polestar, produce vehicles based on the Compact Modular Architecture (CMA) platform, introduced in 2017. The platform made its debut in 2017 with the popular Volvo XC40. Since the CMA-based XC40 was introduced in 2017, 302,856 units have sold. billion) in 2019.

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DOE to award $89M for innovative manufacturing technologies

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US Energy Secretary Rick Perry announced $89 million to support innovative, advanced manufacturing research and development projects ( DE-FOA-0001980 ). This Department of Energy (DOE) Funding Opportunity Announcement (FOA) tackles key priorities such as domestic manufacturing for energy storage. Thermal Process Intensification.

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Germany launches R&D facility for industrial-scale Li-ion cell manufacturing; €500M in funding

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The German Federal Ministry of Education and Research (BMBF) has launched the Battery Cell Research Production Center, a new R&D and large-scale industrial manufacturing plant for lithium-ion cells; the center will receive an investment of €500 million. The BMZ Group is a global player in the production of lithium-ion system solutions.

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Karma Automotive debuts first Club Car Current EVs produced under agreement with AYRO

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The Karma Innovation and Customization Center (KICC) revealed the first Club Car Current vehicles being produced under a contract manufacturing agreement with AYRO. Beginning operations in 2017 and re-named in 2019, the Karma Innovation and Customization Center (KICC) is California-based Karma Automotive’s production hub.

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