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Foxconn brings EV battery production to two U.S. states

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Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. We saw the opportunities in developing battery-related capacity.

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LG Energy Solution reports steady increase in profit for FY 2023 

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billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. This includes an estimated KRW 250.1 Excluding the tax credit: Operating profit would be KRW 88.1

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BASF acquires Novolyte Technologies for Li-ion battery electrolytes

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With 167 employees, Novolyte operates sites in the United States and China. The acquisition comprises Novolyte’s Energy Storage activities focused on developing, producing and marketing performance electrolyte formulations for lithium-ion batteries.

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DOE awards $17M for vehicle technologies; batteries, PEEM, engines, materials, fuel

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The US Department of Energy (DOE) is awarding $17.6 million in 14 cooperative agreements with small businesses and institutions of higher education to develop and to deploy efficient and environmentally friendly highway transportation technologies that will help reduce petroleum use in the United States. Earlier post.).

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Johnson Controls to invest $138.5M in Toledo battery facility to support start-stop market; projecting 70-92% demand globally for start-stop systems in new vehicles by 2020

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million to convert its battery plant near Toledo, Ohio into an Absorbent Glass Mat (AGM) battery facility for start-stop and other higher efficiency vehicles. Subject to final state and local incentives, the facility will be the company’s first such plant in the United States. (JCI) plans to invest $138.5

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Samsung SDI-Bosch Li-ion joint venture SB LiMotive targeting battery capacity for about 50,000 EVs by 2013, 180,000 by 2015

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SB LiMotive, the Samsung SDI-Bosch Li-ion 50:50 joint venture formed in 2008 ( earlier post ) has been working on developing automotive lithium-ion energy-storage systems, including various sizes of cell, entire battery systems, and battery management systems, as well as its production capacity. SB LiMotive cell, module and pack.

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ARPA-E awards $35M to 12 new projects to support medium-voltage devices for grid, industry and transportation

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The 8 BREAKERS projects will work to develop new direct current (DC) devices to better manage power by eliminating electrical faults, improving efficiency and reaction times, and potentially enabling greater proliferation of energy storage and renewable resources.

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