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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

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billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion

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GlobalData: Venture capital deals value in advanced batteries skyrocketed 850% YoY in 2021

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GlobalData’s latest FutureTech series report, “ Performance Meets Sustainability – Can Advanced Batteries Facilitate Energy Transition? ”, highlights various lithium-based battery startups looking to accelerate the adoption of EVs. China-based SVOLT manufactures lithium-ion batteries for EVs and energy storage.

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GM and LG to build 3 US EV battery factories with a $2.5B DOE loan

Electrek

billion for Ultium Cells, a joint venture of General Motors (GM) and battery manufacturer LG Energy Solution, to help finance EV lithium-ion battery cell factories in three states. The US Department of Energy (DOE) has announced a conditional loan of $2.5 DOE loan appeared first on Electrek.

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GM invests in AI and battery materials company Mitra Chem; advanced iron-based CAMs

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General Motors is leading a $60-million Series B financing round in Mitra Chem , a Silicon Valley-based, AI-enabled battery materials innovator. Mitra Chem is building the first North American lithium-ion battery materials product company that shortens the lab-to-production timeline by more than 90%.

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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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Solid-state battery startup Soelect raises $11M in Series A; including GM Ventures

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Soelect recently completed its $11-million Series A financing. General Motors is committed to investing in and implementing technologies that support the company’s broader vision of a world with zero crashes, zero emissions, and zero congestion, and our collaboration with Soelect to advance lithium metal technology supports this effort.

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NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries

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NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. volts in lithium ion cells. volt lithium-ion batteries. NOHMs Technologies Inc. Earlier post.)