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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.

Li-ion 239
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Volkswagen brand produced more than 6M vehicles in 2017

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The Volkswagen brand produced more than six million vehicles in 2017, setting a new record. This development is driven by the long-standing best-sellers Jetta, Golf, Santana, Passat and Polo, growing demand for the Tiguan and recently launched products such as the new Polo, Arteon and T-Roc.

2017 186
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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

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The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. The focus of the 14 GWh plant is on the automated production and intelligent production of batteries. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84

Germany 170
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. mb below the 2017-2021 average. mb/d and 1.9

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Copper prices rise to 10-year high, near record

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Total Chinese stocks (658kt) are equivalent to 2.6 Chinese refined consumption rebounded 18% YOY in Q1 2021. Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels. These stocks, however, currently represent only 1.9

Price 418
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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. The focus of the 14 GWh plant is on the automated production and intelligent production of batteries. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84

Germany 150
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SVOLT Energy Technology first to scale production of safer Li-ion cells using Soteria technology

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SVOLT Energy Technology, a global advanced technology company and spin-off of Chinese automobile manufacturer Great Wall Motors, is the first to begin commercialization of lithium-ion batteries (LIB) utilizing metallic thin-film separator technology from Soteria Battery Innovation Group (BIG).

Li-ion 221