Green Car Congress

MARCH 7, 2023

More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430

Companies Batteries Battery Production 430

Green Car Congress

JUNE 20, 2023

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

Industrial 243

Industrial Industry Global Lithium Ion 243

Green Car Congress

JUNE 10, 2023

The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for an $850-million loan to help finance the construction of KORE Power ’s advanced battery cell manufacturing facility in Buckeye, Arizona. million gallons of gasoline per year.

Arizona 300

Arizona Batteries Battery Power 300

Green Car Congress

APRIL 26, 2023

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

BMW 199

BMW Supplies Companies Canada 199

Green Car Congress

SEPTEMBER 22, 2022

Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth.

Li-ion 259

Li-ion Manufacturer Lithium Ion Batteries 259

Green Car Congress

SEPTEMBER 24, 2022

GM Ventures, the automaker’s investment arm, has made a strategic investment in Lithion Recycling’s Series A financing round, supporting a new GM-Lithion strategic partnership agreement to pursue a circular battery ecosystem using Lithion’s advanced battery recycling technology.

GM 218

GM Companies Batteries Battery 218

Teslarati

JUNE 14, 2022

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. The project will be using Tesla Megapack batteries, and it will be located in New South Wales (NSW). The largest of its kind approved in the world.

Financing 98

Financing Batteries Battery Tesla 98

Green Car Congress

JUNE 17, 2020

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. Battery production is a rapidly advancing industry. billion of overall project costs.

Poland 243

Poland Lithium Ion Batteries Battery 243

Green Car Congress

AUGUST 17, 2023

General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Iron-based cathodes are cheaper, cleaner, and safer than legacy battery technologies such as NMC and NCA that exist today, but are less energy-dense than Ni/Co-based ternary cathodes.

GM 195

GM Batteries Battery Companies 195

Green Car Congress

OCTOBER 13, 2020

million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. The proceeds of the offering before expenses are expected to be approximately $194.5

Financing 186

Financing Convert Corporation Price 186

Green Car Congress

JUNE 22, 2023

billion to BlueOval SK LLC (BOSK) for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. Together, the plants, one located in Tennessee and two in Kentucky, will enable more than 120 GWh of US battery production annually. Earlier post.)

Ford 150

Ford Kentucky Tennessee Batteries 150

Green Car Congress

AUGUST 4, 2022

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. The three agencies that took part in the financing are all export credit agencies (ECAs).

Europe 210

Europe Batteries Battery Financing 210

Green Car Congress

SEPTEMBER 2, 2023

billion in funding to expand domestic manufacturing of batteries for electric vehicles and the nation’s grid, as well for battery materials and components currently imported from other countries. Bolstering American Battery Manufacturing, Strengthening Domestic Supply Chains.

Conversion 279

Conversion Grant Manufacturer Supplies 279

Green Car Congress

JULY 1, 2023

Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks.

Europe 395

Europe North America Financing America 395

Green Car Congress

JUNE 1, 2021

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. The system stores sustainably generated electricity in used batteries that come from the all-electric SUV ŠKODA ENYAQ iV as well as the plug-in hybrid models SUPERB iV and OCTAVIA iV.

Energy Storage 397

Energy Storage Czech Republic Energy Batteries 397

Green Car Congress

AUGUST 31, 2022

FREYR Battery and Nidec Corporation finalized an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Combined with Nidec’s trust in FREYR as a joint venture partner for ESS solutions this represents a fundamentally important milestone to support the conclusion of our ongoing project financing efforts at competitive terms.

Li-ion 150

Li-ion Supplies Norway Energy Storage 150

Green Car Congress

JANUARY 12, 2021

and TAURON Polska Energia will implement a project titled “Second Life ESS” with the aim to create a prototype system to store electric energy based on retired electric bus batteries. The project is being co-financed by the National Center for Research and Development (NCBiR) in Poland.

Batteries 259

Batteries Battery Energy Storage Poland 259

Green Car Congress

MARCH 7, 2021

Finland represents an attractive low risk mining jurisdiction (top five jurisdiction in the Fraser Institute) and has developed a National Battery Strategy that outlines the objectives for the country to become a competitive, competent and sustainable player in the international battery industry.

Finland 243

Finland Batteries Battery Financing 243

Green Car Congress

OCTOBER 4, 2020

Soteria Battery Innovation Group (BIG) has exclusively licensed and optioned a technology developed by the Department of Energy’s Oak Ridge National Laboratory designed to eliminate thermal runaway in lithium ion batteries due to mechanical damage. The technology complements Soteria’s existing battery safety technology.

Li-ion 286

Li-ion Lithium Ion Batteries Battery 286

Green Car Congress

JUNE 28, 2021

The Renault Group has entered two major partnerships for the production of Li-ion batteries in France. The first is with Envision AESC —a long-standing partner of Nissan; the second is with Verkor , a Grenoble-based start-up specialized in development of EV battery cells.

France 334

France Batteries Battery Production 334

Green Car Congress

JANUARY 12, 2023

Euro Manganese has entered into an offtake term sheet with Verkor , a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulfate monohydrate (HPMSM) from the company’s Chvaletice Manganese Project in the Czech Republic. Earlier post.) The term sheet is non-binding.

Czech Republic 210

Czech Republic Batteries Battery Legal 210

Green Car Congress

NOVEMBER 27, 2021

Cornish Lithium said that securing long-term investment from TechMet is a significant step forward that allows it to accelerate its activities towards creating a domestic supply of lithium and other battery metals for the UK. The investment is the first that Cornish Lithium has secured from a financial institution.

Financing 419

Financing Water Li-ion Lithium Ion 419

Green Car Congress

JUNE 30, 2022

FREYR’s Board of Directors has sanctioned construction of Giga Arctic (combined Gigafactories 1 & 2), the company’s first battery manufacturing facility under development in Mo i Rana, Norway.

Norway 150

Norway Batteries Battery Financing 150

Green Car Congress

APRIL 5, 2023

Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, has begun construction of a second commercial-scale US Battery Active Materials (BAM-2) factory in Moses Lake, WA, in support of domestic efforts to advance the electric vehicle (EV) market.

Commercial 199

Commercial Batteries Battery Porsche 199

Green Car Congress

MAY 10, 2023

Glencore International AG, a wholly owned subsidiary of Glencore plc, a leading producer, recycler, and marketer of nickel and cobalt for the production of electric vehicle batteries, and Li-Cycle Holdings Corp., A Li-Cycle Hub is a hydrometallurgical facility that processes black mass from lithium-ion batteries.

Li-ion 186

Li-ion Europe Lithium Ion Batteries 186

Green Car Congress

APRIL 3, 2021

Hercules vehicles will offer integrated solar charging, long-range batteries and optional fuel-cell range-extender options. Hercules is commencing the Series A financing to support product development and add team members; the company currently is scouting locations for production of its components, including solid-state batteries.

Li-ion 365

Li-ion Batteries Battery Lithium Ion 365

Green Car Congress

SEPTEMBER 12, 2023

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

Mozambique 186

Mozambique Financing Legal Louisiana 186

Green Car Congress

JANUARY 13, 2023

The plant is planned to supply coated spherical graphite anode material to the EV/battery markets in North America and beyond. On 21 December 2022, Northern and Graphex announced the signing of a non-binding letter of intent to negotiate a joint venture agreement to build a North American mine-to-battery supply chain.

North America 259

North America America Supplies Commercial 259

Green Car Congress

APRIL 21, 2022

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? Global Nickel Trade and Chinese Dominance.

China 416

China Energy Indonesia Power Grid 416

Green Car Congress

FEBRUARY 11, 2023

Redwood will draw upon this milestone-based financing in tranches that support phased construction and allows the company to unlock funding as it accelerates the construction and expansion of its first battery materials campus. battery cell manufacturers. battery cell manufacturers.

Lithium Ion 170

Lithium Ion Batteries Battery Nevada 170

Green Car Congress

JUNE 2, 2022

The Long-Term Electric Vehicle Outlook outlines two scenarios for the uptake of electric transport to 2050, and examines impacts on demand for batteries, materials, oil, electricity, infrastructure and emissions. The report also explores whether batteries or fuel cells are the more likely solution for heavy-duty, long-haul freight.

Transportation 473

Transportation Emissions Fleet Economy 473

Baua Electric

APRIL 15, 2024

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. China’s declared 2023 battery production alone was close to the actual global demand, according to BNEF, which notes that the U.S.,

Global 52

Global China Batteries Battery 52

Green Car Congress

APRIL 27, 2018

Aspiring European battery gigafactory developer Northvolt ( earlier post ) has begun the the construction of Northvolt Labs. Once completed in 2019, the scale-up and research facility will be used to develop, test and industrialize lithium-ion battery cells before large-scale production. Nemaska Lithium Inc.

Batteries 207

Batteries Battery Lithium Ion Sweden 207

Green Car Congress

APRIL 8, 2022

has entered into an investment agreement with the following parties to form a joint venture dedicated to the production of high-grade lithium-ion power battery anode materials. million) and a total land area of approximately 266,800 square meters, for the production of high-grade lithium-iron power battery anode materials.

Li-ion 199

Li-ion China Lithium Ion Power 199

Green Car Congress

FEBRUARY 2, 2021

SK Innovation will initially invest US$1.148 billion in SK Battery Hungary (SKBH) to build its third European factory in Iváncsa, Hungary, with a production capacity of 30 GWh per year. This scale of output would supply batteries for approximately 430,000 cars based on 70 kWh per charging with a more than 400 km range.

Hungary 186

Hungary Building Batteries Battery 186

Green Car Congress

SEPTEMBER 27, 2019

The EV Taxis are supplied by Geely Auto Group and the financing for the vehicles was provided locally by Sichuan Tianfu Bank Co Ltd. This initial order of 15,000 EV taxis is part of an agreement to supply a total of 89,000 EV taxis (now 93,000 taxis, with the additional 4,000 assumed from a third-party).

Taxi 191

Taxi Supplies Financing 2019 191

Cars That Think

APRIL 15, 2024

With headquarters in Baden-Württemberg, Germany, ZF Friedrichshafen AG is known for a rich R&D heritage and many commercially successful innovations dating back to 1915, when it began supplying gears and other parts for Zeppelins. And this weakening happens by additional electricity coming from the battery.

Motor 144

Motor Motors Motoring Supplies 144