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Detroit Electric signs joint venture with China’s Far East Smarter Energy Group; $1.8B investment

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Detroit Electric has signed a joint venture deal with Far East Smarter Energy Group of China, which has helped secure a total investment of $1.8 billion dollars for the development and production of a range of electric vehicles over the next three years. A third model is planned for launch in 2020.

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Detroit Electric and Integrated Energy sign MOU on EV sales and V2X project in S. Korea’s Jeju Island

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The MOU establishes a process for appointing Integrated Energy to be the dealer of Detroit Electric products in Jeju Island, South Korea. Sales are expected to commence in the first quarter of 2015, and Integrated Energy will place an initial order of 300 vehicles at the signing of the dealer agreement.

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ONE to invest $1.6B in 20 GWh Michigan gigafactory; LFP cell production in 2024

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Our Next Energy (ONE), a Michigan-based energy storage technology company focusing on lithium iron phosphate chemistries ( earlier post ), will invest $1.6 billion in a new battery cell manufacturing plant, called ONE Circle, in Van Buren Township, Michigan. ONE’s inclusive workforce development program will begin in 2024.

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DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

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The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. The selected projects include advanced battery systems (including flow batteries), flywheels, and compressed air energy systems.

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Daimler Trucks & Buses and CATL enter global Li-ion battery cell modules supply agreement for electric trucks

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Limited (CATL) have entered a global battery cell modules supply agreement for electric trucks. Battery pack assembly will be carried out by Daimler Trucks & Buses at its Mercedes-Benz Mannheim plant in Germany and its Detroit (Michigan) plant in the US. Contemporary Amperex Technology Co., In 2018, the company’s sales reached 21.31

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

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CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024. Now CATL is expanding globally, and has opened subsidiaries in Munich (Germany); Paris (France); Yokohama (Japan); and Detroit (USA).

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State of Michigan partners with Daimler Truck North America and DTE Energy to build Mobility Charging Hub

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DTE will operate the core infrastructure of the Mobility Charging Hub—including EV charging solutions, solar canopies, and battery energy storage systems, and will look to partner with third-party operators for value-added services.