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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. Since 2017 Farasis has regularly ranked first in terms of shipments of NCM-based Li-ion pouch cells to the Chinese automotive market.

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American Battery Technology Company receives $2M USABC award to demo integrated Li-ion battery recycling technologies

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While the domestic manufacturing capacities of electric vehicles and of lithium-ion battery cells have grown rapidly in the US in recent years, unfortunately the domestic production capacities of the battery metals that supply these operations have not kept pace. This is American Battery Technology Company’s first contract with USABC.

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USABC awards $1.08M Li-ion battery recycling project to Worcester Polytechnic Institute

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The United States Advanced Battery Consortium LLC (USABC), a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, has awarded $1.08 million to Worcester Polytechnic Institute (WPI) in Worcester, Massachusetts for Phase II of a lithium-ion (Li-ion) battery recycling contract.

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Honda partners with CATL on Li-ion EV batteries; 56 GWh by 2027

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CATL ) signed a cooperation agreement with Honda Motor in Tokyo to cooperate formally to develop electric vehicles for the future market. Under the agreement, CATL will become Honda’s partner in the field of lithium-ion EV batteries. CATL will guarantee the supply to Honda of about 56 GWh of lithium-ion EV batteries before 2027.

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Li-Cycle expands partnership with Ultium Cells; co-locating recycling facility in Ohio plant

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Li-Cycle will operate its sixth and largest lithium-ion battery recycling Spoke facility co-located at the Ultium Cells battery cell manufacturing mega-factory site in Warren, Ohio. Ultium Cells is a joint venture between General Motors and LG Energy Solution.

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Ultium Cells and Li-Cycle collaborate to expand recycling in North America

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Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, announced an agreement with Li-Cycle to recycle up to 100% of the material scrap from battery cell manufacturing. —Ajay Kochhar, Li-Cycle’s president and CEO and co-founder. Most current GM EVs are repaired with refurbished packs.

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Freudenberg secures majority interest in Li-ion battery maker XALT Energy; full acquisition coming

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-based global developer and manufacturer of lithium-ion technology solutions targeted for heavy-duty mobility applications. The company’s 460,000-square-foot automated assembly facility in Midland includes advanced clean rooms and produces cells, packs, modules and management controls and software for lithium-ion power systems.

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